Liquidate entire portfolio until virus is over?

benbay001

Thrugelmir said:

DairyQueen said:

Crystallising losses = adding insult to injury.

Depends on what investments one holds. Airlines for example. Was an obvious weakness as a sector. Likewise miners. 

I hold IAG.
By the time reality had set in that the virus was heading to Europe, the lost earnings were well and truly priced in.
Hindsight is wonderful.
If anything i intend to buy more IAG.

Thrugelmir

benbay001 said:

Thrugelmir said:

DairyQueen said:

Crystallising losses = adding insult to injury.

Depends on what investments one holds. Airlines for example. Was an obvious weakness as a sector. Likewise miners. 

I hold IAG.
By the time reality had set in that the virus was heading to Europe, the lost earnings were well and truly priced in.
Hindsight is wonderful.
If anything i intend to buy more IAG.

Over a 100,000 flights globally had already been cancelled before the virus was even confirmed as being in Italy. 

tropic_of_Username002

Would this be a good time to say that I'm doing absolutely nothing to my investments until April (around the start of the new tax year)? Except looking at them, of course. I keep on looking at the current values, working out what rebalancing etc I'd be doing if it was April now, and then doing absolutely nothing.

Feel tempted to do something to your portfolio? Why not post in MSE instead? Displacement activity FTW .

bowlhead99

tropic_of_Username002 said:

Feel tempted to do something to your portfolio? Why not post in MSE instead? Displacement activity FTW .

Feel tempted to do something to your portfolio? Why not create yet another new username for MSE forums and post in MSE instead?

benbay001

Thrugelmir said:

benbay001 said:

Thrugelmir said:

DairyQueen said:

Crystallising losses = adding insult to injury.

Depends on what investments one holds. Airlines for example. Was an obvious weakness as a sector. Likewise miners. 

I hold IAG.
By the time reality had set in that the virus was heading to Europe, the lost earnings were well and truly priced in.
Hindsight is wonderful.
If anything i intend to buy more IAG.

Over a 100,000 flights globally had already been cancelled before the virus was even confirmed as being in Italy. 

IIRC, IAG had cancelled flights to China and that was it.
The share price was just a touch under £6 when Italy started to report cases. Its since dropped to £4.2.
Will Coronavirus affect IAG over the next 5 years in a way that justifies a 30% fall in share price? I dont think so. If i had the money i would be buying more.

HCIMbtw

Rolandtheroadie said:

New to S&S, only been playing for around 8 months. We put the same into cash on hand as we put into S&S every month.
 We had been up a bit, but currently down 16%. Plan? Wait till payday and put some more in. I'm 45 and trying to be in the position to retire at 55. 
 Pension AVCs are down around 3.5% over the past couple of weeks, but they were up 20% in the 12 months before hand. 
In for the long term, if it's still all looking bad in 10 years, I'll have the option to keep working. 
So not going to sell to bank a 16% loss. 

I'm maybe in a similar boat, probably only been paying into S&S ISA maybe 5-6 months, was up maybe 8% at one point, currently kicking around -10%, fully invested in equities. 

really not that bothered by the short term paper losses, know the risk going in, strategy is for long term, keep paying in monthly and get slightly more fund units than I would've last month

(p.s. i don't think it is correct to call them fund units, but i'll let others squabble of correct terminology)

quirkydeptless

An interesting mix of sage advice and panic on this forum.
I will be sticking to my long term strategy with my portfolio, re-balancing it via it's yearly ISA and SIPP contributions and keep it sailing through these stormy waters

StevieJ

As they say on Wall St. 'If you are going to panic, panic early'

2010

StevieJ said:

As they say on Wall St. 'If you are going to panic, panic early'

Yea, like when the ftse100 was 7500 a couple of weeks ago.
Lost 1000 points since then and Dow futures predict another big sell off today in USA.
The trend is downwards but how far, sub 5000 on the ftse is quite feasible.

steampowered

Personally I will be putting all of my annual bonus straight into equities as soon as it comes through in a month's time !

I like buying quality companies while they are on sale !!!

It's possible equities may drop further, but that's fine, they will recover in time and I am investing for the long term.