Covid crash #2 started

csgohan4

I don't have an edge but I'm putting some coin in IAG, only way is up surely after the covid crisis and their share price is already at an all time low.  BP also intrigued me too. 

I see alot of the popular stocks are down too, like Tesla and other tech trusts too. 

If only i had 100k lying around, I'd be investing like crazy. 

Sailtheworld

ProDave said:

I have put my money where my mouth is, and sold one of my funds to lock in it's summer gain.  But to test the "time in the market" question, I have decided to leave the other one and ride it out.  So I will have a direct comparison which was the best strategy.  I will use that experience for the next few years to decide what to do at the next wobble.

The time in the market question has been answered. Unless you have a knack for calling market moves correctly then time out of the market is likely to dilute returns. Assuming you're investing for the long term it would be better to develop a strategy that keeps you in the market. For me I found that lowering risk and volatility was the answer. Also worth avoiding the news (it's never good anyway) and the minutiae of market movements - also worked for me although still a work in progress.

Please can you let me know the results of your experiment. It'll be really handy when we have the next collision of a global pandemic / presidential election & the UK leaving a trading bloc in around 2120.

itwasntme001

I sold about 120k (less than 10% of portfolio) in tracker funds over the last few months at close to the highs.  It was simply a rebalance into more conservative assets - my public equities exposure had increased considerably to a level I was uncomfortable holding.

Whether the markets go up or down from here in the short run I really do not care (of course in the long run I still do want markets to rise).  Asset allocation, risk tolerance and goals/objectives should be all that matters when making decisions on investments.

Shocking_Blue

csgohan4 said:

I don't have an edge but I'm putting some coin in IAG, only way is up surely after the covid crisis and their share price is already at an all time low.  BP also intrigued me too. 

I see alot of the popular stocks are down too, like Tesla and other tech trusts too. 

If only i had 100k lying around, I'd be investing like crazy. 

Lloyds?
I've seen tech trusts going down. Do you think this will be a short duration things, or will they follow the general market trends. What tech trusts were you referring to, btw?

csgohan4

Shocking_Blue said:

csgohan4 said:

I don't have an edge but I'm putting some coin in IAG, only way is up surely after the covid crisis and their share price is already at an all time low.  BP also intrigued me too. 

I see alot of the popular stocks are down too, like Tesla and other tech trusts too. 

If only i had 100k lying around, I'd be investing like crazy. 

Lloyds?
I've seen tech trusts going down. Do you think this will be a short duration things, or will they follow the general market trends. What tech trusts were you referring to, btw?

PCT, ATT e.t.c, the latter almost 10% down from their highs. don't  forget SMT also

Audaxer

bowlhead99 said:

jamei305 said:

bowlhead99 said:

I may takes some cash out of some non-equity positions ahead of next Tuesday's elections to be able to have a go 'timing the markets' this time next week if the election has a clear winner at that point. Though with postal ballots to be counted it could take a while.  I remember the Bush/ Gore Florida recounts 20 years back taking a month to resolve (was waiting for some bets to pay out), so it may not be plain sailing if the exit polling isn't conclusive and it takes a while to open and count all the mail while wearing PPE.

 Markets surge and you're left wondering what to do with your cash.

If missed the opportunity to catch the equities rise in the industries that reacted positively to the news, I could put it back into the non-equity positions from whence it came.

Do you just mean bond funds or something else?

Thrugelmir

Sailtheworld said:

Alexland said:

ProDave said:

I have put my money where my mouth is, and sold one of my funds to lock in it's summer gain.

Thanks I have some regular money going in to buy your investments for less than (1) they were previously worth and (2) will be worth in the distant future when I sell them. 

I put the maximum possible contribution into my SIPP at the start of the tax year and bought VWRL. I'd love to know who sold them to me so I could send a thank you card.

No one. Vanguard creates or cancels units accordingly.  As a market participant you helped push the market prices of the underlying stocks higher. 

webjaved

Buy the dip people! If you have the money, spend it wisely. Another good opportunity for people to grab shares that they would normally not be able to afford.

Thrugelmir

Sea_Shell said:

This could turn into a perfect storm of Covid, US election and Brexit!!!

Hold onto your hats!!

I doubt they'll be much "Happy New Year" to sing about!!

US - China trade war isn't resolved either.  

Thrugelmir

Shocking_Blue said:

bowlhead99 said:

John464 said:

thetimewill said:

Hello all, could someone please direct me to the savings and investment forum. I have arrived in an  American election/ political forum by error. Thanks

Where do you draw the line between the two when politics is driving equity and bond prices?

thetimewill said:

John464,. The title of this thread is Covid crash 2 and the opening post , nor title, do not have any mention or question whatsoever with regards American politics. Perhaps another thread is required for those wishing to discuss and give their opinions re USA politics. Regards

Do you actually have any opinions in relation to the OP's rhetorical observation "Why didn't I follow my gut feeling a week ago and put my pension funds back into cash? Probably too late now to miss all of the fall?", or are you just here to play policeman and maintain law and order on the forum?

Do you believe that the FTSE's fall of 5% from one month ago is the beginning of a "Covid crash #2" and that market movements within an index of multinational companies that are solely attributable to the unfolding pandemic can easily, and must be, segregated out from anything attributable to political events (Brexit, change of leadership of the USA etc etc) when considering investment opportunities presented?  

As an example, Trump broke the US agreement with Iran and started to sanction anyone else who didn't also sever ties with them. Newspapers report that a Biden win could help Iran shed oil-pariah status and restore its exports, which threatens to create a negative shock to oil prices from increased supply. Over recent days Biden seems to be favourite and Trump is failing to make ground on him in the major polls. BP and Shell who sell a lot of oil to global markets and make up 5-10% of the FTSE between them, fell 2-3% yesterday. How much of it was due to the Germans buying less diesel as Merkel announced new far-reaching partial lockdowns yesterday afternoon, and how much due to potential changes in oil market supply conditions, or indeed the prospects for the strength of the US dollar in which they make most of their profits (or losses)?

Slightly off topic, but as someone who's taking a naive stance by keeping an eye on BP as a potential value stock this is more useful insight. Thanks.

I'd hedge my bets and say the share price will fall further yet. If it does could prove a reliable income stock again. As the reset dividend is now covered by operating cashflow.