Anyone else selling...?

shortseller09

It's futile trying to apply fundamental analysis to markets that bear no resemblance to economic reality. They are so distorted by CB intervention that normal metrics are meaningless, it is now just the greater fool theory in a persistent chase for yield that can only end badly. Talk about the mis-allocation of capital....meanwhile, it's the only game in town, so get on board!

EdGasketTheSecond

Not the only game; there's gold and silver as insurance against reckless CB's.

Thrugelmir

shortseller09 said:

It's futile trying to apply fundamental analysis to markets that bear no resemblance to economic reality. They are so distorted by CB intervention that normal metrics are meaningless, it is now just the greater fool theory in a persistent chase for yield that can only end badly. Talk about the mis-allocation of capital....meanwhile, it's the only game in town, so get on board!

Until reality finally strikes home. 

Alistair31

I’ve done the opposite and BOUGHT some individual shares, breaking my own rules. 

thickasabrick

To quote the obliviousinvestor "The first thing to understand is that there’s a big difference between “the stock market” and “the economy.” And this distinction is not a new COVID-19-related phenomenon."
Why is the Market Doing Well Lately?
Came across that article through Monevator "Weekend reading: Just the links, ma’am".
I'm sticking with my existing strategy as it suits my risk level and consists of maintaining my monthly pension contributions which are purchasing an ex uk global tracker (Scottish Equitable Overseas Equity Tracker Pension Fund) and topping up my SIPP (Lifestrategy 60/40) as and when I have some spare cash.
Further reading from Monevator "Weekend reading: Boom"
When news of COVID-19 affecting businesses started appearing I was tempted to cash in. Fortunately I had read a fair bit about market crashes so was mentally prepared to stick it out. 
Very surprised that "the stock market" has risen but it means I don't need to throw extra more money into my savings to keep my Millionaire next door formula for "target net worth" in the black.
Target Net Worth = Age X Annual Pre-Tax Income / 10
or 
Target net worth = (Age – 27) x Annual pre-tax income / 5

enthusiasticsaver

No, we did not sell although our portfolio is managed by an IFA under a low risk profile and they have got rid of some funds and bought others instead. I don't pay much attention to it these days as  I figure that is what we are paying them for.  The valuation is back to what it was pre covid anyway. Our investment portfolio is just a buffer to draw on as and when in addition to DB pensions and as the £10k we were meant to draw on this year was to cover long haul holidays which are now not going ahead it made no difference to us.  If you get nervous by market movements then I think you are invested above your risk appetite. I will not sell when the market is low as I think that just consolidates the losses. If we had spare money we would have bought but given we are in the drawdown phase of life I don't think that is worth it for us.