Economy crash =/= stock market crash?

Sea_Shell

Type_45 said:

Australian bank collapses with thousands of customers told to withdraw funds IMMEDIATELY before it closes all accounts on Tuesday 

https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

Sounds like an orderly withdrawal from the market for a small "challenger" bank.

Type_45

FTSE down 2%. It's had a fairly green week otherwise, I think.

renegade1

Type_45 said:

FTSE down 2%. It's had a fairly green week otherwise, I think.

now -2.66% 😱😱😱

[Deleted User]

Type_45 said:

Australian bank collapses with thousands of customers told to withdraw funds IMMEDIATELY before it closes all accounts on Tuesday 

https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

Not really a collapse, the bank appears to be able to give all the money back without triggering a compensation scheme (which is up to $250k in Australia!)

[Deleted User]

renegade1 said:

Type_45 said:

FTSE down 2%. It's had a fairly green week otherwise, I think.

now -2.66% 😱😱😱

Call me when it goes past 20% then it will get interesting. 

Type_45

S&P 500 on course to post worst first half since 1970

https://uk.finance.yahoo.com/news/ftse-slumps-after-fourth-straight-quarter-of-lower-uk-household-incomes-080508580.html

billy2shots

Feeling pretty lucky YTD. 

I'm down 7% across SiPP and ISAs (mine and wife's). 

I also stopped contributing into my SiPP in January due to restructuring my Ltd company. I did add £20k cash into it before the tax year ended in April and it's sat uninvested. I have another £30k waiting to be paid in and another £60k should be doable before December (carry forward) 

So fully understanding the risk and past evidence of market timing, I need to decide when to buy back in with over £100,000 this calendar year. 

InvesterJones

billy2shots said:

Feeling pretty lucky YTD. 

I'm down 7% across SiPP and ISAs (mine and wife's). 

I also stopped contributing into my SiPP in January due to restructuring my Ltd company. I did add £20k cash into it before the tax year ended in April and it's sat uninvested. I have another £30k waiting to be paid in and another £60k should be doable before December (carry forward) 

So fully understanding the risk and past evidence of market timing, I need to decide when to buy back in with over £100,000 this calendar year. 

Nice situation to be in, and good that you understand about market timing etc. All I'd say is you can give yourself as many chances as you like by splitting (or just give up and drip feed).

Type_45

Or stay in cash.

masonic

Type_45 said:

Or stay in cash.

That's not risk free itself. You yourself pointed to the plight of Sri Lanka, where their currency is now all but worthless. A few years of high inflation, or even long term exposure to normal levels of inflation, makes quite a dent. The global economic collapse you have predicted may well start with cash devaluing as it did in Sri Lanka.