Covid crash #2 started

grumiofoundation

London7766551 said:

I have no wish to invest beyond small amounts. Firstly I need the money in a few years to buy a house, and secondly I think the whole market is going to pop, is there anywhere I could place the money for three/four years before it pops and make money out of it, I don't know and i'm not prepared to risk it.  If the actual financial system were to collapse to a point where the banks go bust, I don't see how stocks would be any safer. I don't think it will collapse.  I'd just start again. Right now I see cash as safer than stocks and it also lines in with my plans for the cash. Far better to store it for three / four years, I don't have time to leave it in stocks. My pension does that anyway.

https://www.moneysavingexpert.com/savings/lifetime-isas/

The_Green_Hornet

It is an absolute bloodbath out there....

eskbanker

The_Green_Hornet said:

It is an absolute bloodbath out there....

* waits for inevitable references to deceased felines *

DiggerUK

The_Green_Hornet said:

It is an absolute bloodbath out there....

Your sarcastic praise of the equity markets is beyond deceitful.
If your source is examined going back 3 months and 12 months it shows how unsavoury your comment is. GFC2 is nothing to do with Covid, it's just the unresolved problems from 2007-8 doing a déjà vu. 
Try linking to a source next time..._

London7766551

grumiofoundation said:

London7766551 said:

I have no wish to invest beyond small amounts. Firstly I need the money in a few years to buy a house, and secondly I think the whole market is going to pop, is there anywhere I could place the money for three/four years before it pops and make money out of it, I don't know and i'm not prepared to risk it.  If the actual financial system were to collapse to a point where the banks go bust, I don't see how stocks would be any safer. I don't think it will collapse.  I'd just start again. Right now I see cash as safer than stocks and it also lines in with my plans for the cash. Far better to store it for three / four years, I don't have time to leave it in stocks. My pension does that anyway.

https://www.moneysavingexpert.com/savings/lifetime-isas/

Thanks but I already have an LISA

Prism

DiggerUK said:

The_Green_Hornet said:

It is an absolute bloodbath out there....

Your sarcastic praise of the equity markets is beyond deceitful.
If your source is examined going back 3 months and 12 months it shows how unsavoury your comment is. GFC2 is nothing to do with Covid, it's just the unresolved problems from 2007-8 doing a déjà vu. 
Try linking to a source next time..._

I think he was just pointing out that the markets didn't go down today. I'm not sure they have anything to do with a possible financial crisis since the markets are up over 3 and 12 months.

itwasntme001

DiggerUK said:

The_Green_Hornet said:

It is an absolute bloodbath out there....

Your sarcastic praise of the equity markets is beyond deceitful.
If your source is examined going back 3 months and 12 months it shows how unsavoury your comment is. GFC2 is nothing to do with Covid, it's just the unresolved problems from 2007-8 doing a déjà vu. 
Try linking to a source next time..._

An example of someone blinded by the shininess of gold.  With absolutely no clue about risk reward and portfolio diversification.

DiggerUK

Prism said:

DiggerUK said:

The_Green_Hornet said:

It is an absolute bloodbath out there....

Your sarcastic praise of the equity markets is beyond deceitful.
If your source is examined going back 3 months and 12 months it shows how unsavoury your comment is. GFC2 is nothing to do with Covid, it's just the unresolved problems from 2007-8 doing a déjà vu. 
Try linking to a source next time..._

.....the markets are up over 3 and 12 months.

Tosh, go to my link, which is what TGH should have provided. Click on any of today's 'star performers' in UK and Europe that TGH posted and guess what..._

EdGasketTheSecond

bowlhead99 said:

EdGasketTheSecond said:

London7766551 said:

Sailtheworld said:

London7766551 said:

I say the market will crash 60% by the end of January.  There you go a prediction and that would be a real crash! Also said it a month ago or so in the house crash thread. I stand by it and will happily get egg on my face.

What market? What was the valuation a month or so ago when the prediction started?

Out of interest what are you doing to prepare?

I am doing nothing to prepare, I have very little invested in stocks, nor do I own a home. I have cash money saved in the bank, enough to last for some time in my current circumstances, obviously the jobs may go. But I will cross that bridge if I come to it.

I would be extremely worried having just 'cash in the bank'. At the very least you are losing purchasing power to inflation and at the worst you are at risk of bail-ins.

If you are depositing your money within FSCS limits you don't really have anything to worry about from bail-ins.

With more lockdowns, CPI from October to January may be negative, gaining you money vs inflation in the short term rather than losing it. Longer term, who knows. Perhaps we should load up with gold and silver

CPI is a fake government statistic, not a real measure of inflation.

Gold and silver will do well to preserve wealth. Miners are the bargain right now; well capitalised with plenty of free cash flow.

Sailtheworld

DiggerUK said:

The_Green_Hornet said:

It is an absolute bloodbath out there....

Your sarcastic praise of the equity markets is beyond deceitful.
If your source is examined going back 3 months and 12 months it shows how unsavoury your comment is. GFC2 is nothing to do with Covid, it's just the unresolved problems from 2007-8 doing a déjà vu. 
Try linking to a source next time..._

There's bound to be sustained market falls at some point because that's the natural way of things. It'll come as a shock to some (younger people mostly) because markets have only gone up for the last 12 years which has made investing experts of us all. Even the dips along the way have been nothing but buying opportunities.

However, we won't know the cause of those future sustained falls until after the event. GFC2 is just one of the many rather ill defined guesses on the perpetual reasons why markets will fall list.