Covid crash #2 started

ColdIron

Cus said:

ColdIron said:

ProDave said:

Cus said:

Have you looked at money market funds as an alternative to cash?

No not aware of those.  Give me an example available within a HL SIPP please.

The return on MM funds is usually less than the OCF of the fund (which you won't pay if you simply keep cash at HL) and the platform charge (which you won't pay if you simply keep cash at HL either) combined. You would be taking on risk to stand still

So HL don't charge at all to hold cash in a SIPP if you also have other investments in it, in that it doesn't add to the overall SIPP charge based on size? Or they don't charge only if all your SIPP is cash?

No charge for cash in any of their account types. Up until a few months ago they would even pay you a tiny amount of interest on it

csgohan4

Time to fill your boots on Monday

TBC15

csgohan4 said:

Time to fill your boots on Monday

So the markets are going back up Tuesday?

ProDave

No I maintain the time to fill your boots will be several weeks away.  Lets see who is right over time?

Albermarle

You are probably right but this seems more of a Tier 4 than a full lockdown.
We can still get our cars serviced and MOTd I think.

Perhaps more importantly it has been made clear that construction and manufacturing operations should stay open as long as they can work reasonably safely.

Last time the guidance was more ambiguous and many shop floors and construction sites were unprepared for safe working practices , so they just closed/reduced operations .

This should mean the hit to the economy is less in % terms anyway .

garmeg

Albermarle said:

You are probably right but this seems more of a Tier 4 than a full lockdown.
We can still get our cars serviced and MOTd I think.

Perhaps more importantly it has been made clear that construction and manufacturing operations should stay open as long as they can work reasonably safely.

Last time the guidance was more ambiguous and many shop floors and construction sites were unprepared for safe working practices , so they just closed/reduced operations .

This should mean the hit to the economy is less in % terms anyway .

It's almost a lockdown in name only. Only hospitality, some retail and entertainment are taking big hits. I wonder if they can still continue filming Coronation Street etc.

Aceace

garmeg said:

Albermarle said:

You are probably right but this seems more of a Tier 4 than a full lockdown.
We can still get our cars serviced and MOTd I think.

Perhaps more importantly it has been made clear that construction and manufacturing operations should stay open as long as they can work reasonably safely.

Last time the guidance was more ambiguous and many shop floors and construction sites were unprepared for safe working practices , so they just closed/reduced operations .

This should mean the hit to the economy is less in % terms anyway .

It's almost a lockdown in name only. Only hospitality, some retail and entertainment are taking big hits. I wonder if they can still continue filming Coronation Street etc.

Let's hope not! 

TBC15

ProDave said:

No I maintain the time to fill your boots will be several weeks away.  Lets see who is right over time?

What’s you top tip to recognize when fear has turned to greed?

Thrugelmir

garmeg said:

Albermarle said:

You are probably right but this seems more of a Tier 4 than a full lockdown.
We can still get our cars serviced and MOTd I think.

Perhaps more importantly it has been made clear that construction and manufacturing operations should stay open as long as they can work reasonably safely.

Last time the guidance was more ambiguous and many shop floors and construction sites were unprepared for safe working practices , so they just closed/reduced operations .

This should mean the hit to the economy is less in % terms anyway .

It's almost a lockdown in name only. Only hospitality, some retail and entertainment are taking big hits. I wonder if they can still continue filming Coronation Street etc.

Travel also, Which covers a multitude of different services. 

ProDave

TBC15 said:

ProDave said:

No I maintain the time to fill your boots will be several weeks away.  Lets see who is right over time?

What’s you top tip to recognize when fear has turned to greed?

When markets in general, or your chosen investment in particular has stopped falling and shown a period of rising again.

You will never catch the bottom exactly, but that worked for me in April and I will be looking to repeat again.

This only works for big movements like in March and what I think we are about to see now.  It is not a strategy to try and beat normal market small rises and falls.