Markets and funds rising this week

bostonerimus

Up, down....shake it all about. Short term volatility is meaningless, choose your investments wisely and stop looking at them.

older_and_no_wiser

bostonerimus said:

Up, down....shake it all about. Short term volatility is meaningless, choose your investments wisely and stop looking at them.

Yes, that is correct..... but I can't stop checking them. I'm addicted! I've even tried uninstalling the platform apps from my phone but I end up putting them back on. I'm happy with my fund choices and don't tinker with them regardless of how the markets move. So I am capable of ignoring short term noise. 

My name is xxxx and I'm an investoholic. 🙂

strawb_shortcake

I thought I was going to be really obsessive when I bought into my first fund this year, but I've surprised myself by being the complete opposite. 

Prices going up this week feels meaningless as I'm not selling so the current value is irrelevant.

older_and_no_wiser

annabanana82 said:

I thought I was going to be really obsessive when I bought into my first fund this year, but I've surprised myself by being the complete opposite. 

Prices going up this week feels meaningless as I'm not selling so the current value is irrelevant.

Well done! Do you not find that reading forums like this makes you want to check your investments? 

There are far worse things to be addicted to which is good news. The other benefit is that my new obsession has had the impact of curbing my spending. I now have a goal in hitting a retirement fund value and am tracking my portfolio value regularly (quarterly) on a spreadsheet. This is stopping me making those non essential impulse buys each month. 

strawb_shortcake

older_and_no_wiser said:

annabanana82 said:

I thought I was going to be really obsessive when I bought into my first fund this year, but I've surprised myself by being the complete opposite. 

Prices going up this week feels meaningless as I'm not selling so the current value is irrelevant.

Well done! Do you not find that reading forums like this makes you want to check your investments? 

There are far worse things to be addicted to which is good news. The other benefit is that my new obsession has had the impact of curbing my spending. I now have a goal in hitting a retirement fund value and am tracking my portfolio value regularly (quarterly) on a spreadsheet. This is stopping me making those non essential impulse buys each month. 

I keep an eye on the markets out of general interest, but I'm not going to celebrate a rise that has no benefit to me today. In a week, month or year it's value is going to be a completely different number, so whilst in might be interesting it doesn't add any value to myself. I have not experienced the dips, lows and crashes but I think if I obsessed about the highs, then how would I react when it goes the other way?
But if it works for you then that's great 

Alexland

bostonerimus said:

Short term volatility is meaningless, choose your investments wisely and stop looking at them.

It's a bit like looking out of the window on a long car journey or do you prefer to travel in dark tunnels? I would rather observe what is happening to get a good feel for the environment.

annabanana82 said:

I have not experienced the dips, lows and crashes but I think if I obsessed about the highs, then how would I react when it goes the other way?

I have tended to be more concerned when markets are unexpectedly frothy and accounts achieve new high valuation levels for the first time. It's much more comfortable seeing low account valuations and depressed asset prices as there is less downside risk so new contributions and dividend reinvestment will have better future prospects. I tend to do some calculations on how much better those accounts will look when unit prices next get back to previous highs.

With increasing amounts invested during the past 3 market crashes each one helped prepare me for the next one when even more money is at risk. Despite an ever present backdrop of inflation there is still a snowballing of real returns that happens if you take enough risk, keep fees low and wait long enough enduring whatever storms happen along the way. Even at a high rate of contribution the new money becomes a less significant factor over time.

Our snowball is now up to around a million in S&S investments and the daily volatility is around the price of a car so sometimes I think about derisking but then I am only really happy in equities and there is at least another market cycle before we would need to start drawing the income so I think "whatever" and stick to the plan. Accumulated gains help as our largest account has more than doubled in value so even if markets crashed 50% or more tomorrow then our original capital is generally safe.

Thrugelmir

older_and_no_wiser said:

bostonerimus said:

Up, down....shake it all about. Short term volatility is meaningless, choose your investments wisely and stop looking at them.

Yes, that is correct..... but I can't stop checking them. I'm addicted! I've even tried uninstalling the platform apps from my phone but I end up putting them back on. I'm happy with my fund choices and don't tinker with them regardless of how the markets move. So I am capable of ignoring short term noise. 

Every so often worth checking that the rationale behind your fund choices still holds. Over time everything is cyclical. Trends are happening all the time. There's rarely a light switch moment. 

Sea_Shell

I look daily 🤭
I log monthly. 😇

sevenhills

older_and_no_wiser said:

Yes, that is correct..... but I can't stop checking them. I'm addicted! I've even tried uninstalling the platform apps from my phone but I end up putting them back on. I'm happy with my fund choices and don't tinker with them regardless of how the markets move. So I am capable of ignoring short term noise. 

My name is xxxx and I'm an investoholic. 🙂

I have the app on my mobile, but not logged in to list my shares, I check on my home PC generally more than twice per day.

When people ask for investing advice and warn against individual shares, individual shares can be addictive, so it's good that you want to invest more.

If you are checking often, you can sell at the peaks, which I did with Metro Bank yesterday, lucky guess, they may go up more.

older_and_no_wiser

sevenhills said:

When people ask for investing advice and warn against individual shares, individual shares can be addictive, so it's good that you want to invest more.

If you are checking often, you can sell at the peaks, which I did with Metro Bank yesterday, lucky guess, they may go up more.

I've got very little invested in individual shares. Don't think my nerves could stand too much of that. Most of my portfolio is in global trackers and multi asset equity rich funds. A few actively managed funds in micro and small UK companies and China/Japan.