Irrational Markets

webjaved

The big tech stocks are plummeting at the moment, a good opportunity for people to top up their shares.

badger09

Thrugelmir said:

badger09 said:

This is weird
About 15 minutes ago, I tried to log into IWEB for husband. He's not trying to time the market, just top up ISA with matured regular saver cash.

"Unfortunately we are unable to carry out your request.

This may be because:

• You used the back or forward button on your browser. This cannot be used in this process.
• One or more of our systems are unavailable. This means that you may not be able to proceed at this time. Please try again later.

We apologise for any inconvenience caused"

Just tried to log in as myself - & got in immediately so logged out & tried again for husband. Same error message as before!

To invest in anything particular? 

Who, husband or me?

Husband just wanted to add matured RS funds to his ISA & buy more HSBC FTSE All World. I didn't want to do anything, just see if I got same error message.

This morning after clearing all cookies & restarting laptop we tried again - me ok, he got error message. Spent almost an hour on the phone. Their 'tech' people suggested I download Firefox and try that. I felt they were clutching at straws so asked CS rep to stay on line while I did it. Same result. Clearly, this was not a browser/device issue as I could log in. They have allocated a log number and will investigate. Promised to phone when it has been fixed.

No phone call, but he has been able to log in, top up & buy. Pity he didn't get around to it a few days ago.    

 

Thrugelmir

webjaved said:

The big tech stocks are plummeting at the moment, a good opportunity for people to top up their shares.

Aren't markets efficient pricing in all known news?  Better to simply track the S&P 500. 

Prism

webjaved said:

The big tech stocks are plummeting at the moment, a good opportunity for people to top up their shares.

Yup, just to add an example or three daily returns
BG American -8.3% 
Axa Framlington Global Tech -6.5%
BG Long term global growth -6.5%

Liffy99

Weird - I have an II Sipp and a Nutmeg ISA. Yesterday, both lost a little ground across the wide variety of funds they are invested in. This is despite significant gains in all of the world markets (except the Nasdaq and one small downturn in a single European exchange). Until now, these investments have always reflected, in the round, overall world markets. Why ? Is it the change in our £ / € / $ rates that has had the most significant effect ?

Alexland

Yup the pound has increased in value against the dollar so for normal unhedged global investments that will have reversed some of the gains from the recent vaccine announcements. Currency movements seem to contribute as much as share price movements to the daily volatility of a diversified global investment so you need to consider them together when trying to understand what happened.

https://markets.ft.com/data/currencies/tearsheet/summary?s=gbpusd

Moe_The_Bartender

Liffy99 said:

Weird - I have an II Sipp and a Nutmeg ISA. Yesterday, both lost a little ground across the wide variety of funds they are invested in. This is despite significant gains in all of the world markets (except the Nasdaq and one small downturn in a single European exchange). Until now, these investments have always reflected, in the round, overall world markets. Why ? Is it the change in our £ / € / $ rates that has had the most significant effect ?

The gain in the markets has been because of people buying bombed out stocks. I suspect that you are invested in stocks that have gone up during the crisis and are either too highly priced or fully valued.

Alexland

Moe_The_Bartender said:

The gain in the markets has been because of people buying bombed out stocks. I suspect that you are invested in stocks that have gone up during the crisis and are either too highly priced or fully valued.

Unlikely given the mainstream tracker ETFs used by Nutmeg - most likely to be currency movements.

csgohan4

Prism said:

webjaved said:

The big tech stocks are plummeting at the moment, a good opportunity for people to top up their shares.

Yup, just to add an example or three daily returns
BG American -8.3% 
Axa Framlington Global Tech -6.5%
BG Long term global growth -6.5%

As expected volatility in these times, as with all things, they will correct themselves and hopefully more on the up than down over the next decade or so. I also hold some of the funds you have. My ATT took a large 10% hit I can see, but I'm not worried. It's for the long game I am in. 

Thrugelmir

Liffy99 said:

Weird - I have an II Sipp and a Nutmeg ISA. Yesterday, both lost a little ground across the wide variety of funds they are invested in. This is despite significant gains in all of the world markets (except the Nasdaq and one small downturn in a single European exchange). Until now, these investments have always reflected, in the round, overall world markets. Why ? Is it the change in our £ / € / $ rates that has had the most significant effect ?

What are you actually invested in?  Index trackers?  As within markets there's sizable risers, those that haven't budged and sizable fallers. Underneath the surface there's much going on.