Everything in Vanguard!

valiant24

Nebulous2 said:

We're always in uncharted waters. Nothing is ever the same as it was last time. 

I thought conventional wisdom is that the moment to sell when people start saying "It's different this time" .....?

NorthernJoe

Type_45 said:

Is now a riskier time than ever to have all of my savings in Vanguard Life Strategy? (100% ACC)

Surely, the stock market will take a tumble before long in this climate... And is having all my savings on one platform (iWeb) and in one product (VLS100) compounding risk? (I'm below the £85k protected limit, but not massively below it).


I do have a house which is 75% paid off, so my net worth isn't entirely in equities.

That being said, I have no plans for the savings and no intention of ever touching them. If they massively dipped I'd be able to tolerate it and wait for the climb back and wouldn't freak out. I'd try to buy the dip. I'm in it for the long haul.

Why ask this question now?

You think the global economy is in a worse place than May 2020? 

Type_45

Prism said:

Type_45 said:

That being said, I have no plans for the savings and no intention of ever touching them. If they massively dipped I'd be able to tolerate it and wait for the climb back and wouldn't freak out. I'd try to buy the dip. I'm in it for the long haul.

If that is the case then you should be hoping for a big equity crash yes?

A couple of times a year I am able to put about £5k into my VLS100. If the equity crash happens a few days prior to one of those payments I'd be happy enough, yes. But otherwise, I'd rather it keeps going up and that everyone gets richer!

Type_45

NorthernJoe said:

Type_45 said:

Is now a riskier time than ever to have all of my savings in Vanguard Life Strategy? (100% ACC)

Surely, the stock market will take a tumble before long in this climate... And is having all my savings on one platform (iWeb) and in one product (VLS100) compounding risk? (I'm below the £85k protected limit, but not massively below it).


I do have a house which is 75% paid off, so my net worth isn't entirely in equities.

That being said, I have no plans for the savings and no intention of ever touching them. If they massively dipped I'd be able to tolerate it and wait for the climb back and wouldn't freak out. I'd try to buy the dip. I'm in it for the long haul.

Why ask this question now?

You think the global economy is in a worse place than May 2020? 

We've printed more money since then. Many more furloughed people's jobs no longer exist than was the case in May 2020. And the UK and US governments are now about to embark on ruinous "Green New Deals".

The above facts are there to see.


In addition, are my personal opinions which are that lockdowns are not over. And neither is furlough. They are here to stay. So how that factors in is another matter (assuming I'm correct).

Thrugelmir

valiant24 said:

Nebulous2 said:

We're always in uncharted waters. Nothing is ever the same as it was last time. 

I thought conventional wisdom is that the moment to sell when people start saying "It's different this time" .....?

This statement sums up matters succinctly

Financial crises of the past are destined to repeat themselves. Markets are complex places and it's naive to think such events can ever be avoided.  Crises have a high degree of commonality: excessive exuberance, poor regulatory oversight, dodgy accounting, herd mentalities and often includes a sense of infallibility from investors.