US jobs report

w00519773

I was reading about the upcoming US jobs report: August jobs report could ease (or fuel) recession worries (usatoday.com)

I am debating whether or not now is a good time to cash in on my stocks and shares ISA as I want to buy a new car.  I know this is a crystal ball type of question I am asking myself.  

My research is telling me that a strong report could be a boost, but if it is too strong then it could have the opposite effect because of interest rates.

Has anyone else taken action recently because of all the market turmoil?

sausage_time

Yes - I bought some US shares.

InvesterJones

w00519773 said:

I was reading about the upcoming US jobs report: August jobs report could ease (or fuel) recession worries (usatoday.com)

I am debating whether or not now is a good time to cash in on my stocks and shares ISA as I want to buy a new car.  I know this is a crystal ball type of question I am asking myself.  

My research is telling me that a strong report could be a boost, but if it is too strong then it could have the opposite effect because of interest rates.

Has anyone else taken action recently because of all the market turmoil?

And then consider all the professional investors who know how investors like you and I will respond and have already positioned to take advantage...

In short, leave market timing to the professionals. No harm in buying what you think is good value, or selling what you think is good price, but do so in their own right, not because you're trying to predict what will happen in the near future.

shortseller09

The US jobs report comes out every month, what did you do prior to each of those occasions going back decades?

clive0510

I do have some s&s. but to be quite honest it would be no good me trying to speculate what's going to happen today or this time next year! 
I just pay someone else to look after it on my behalf.

w00519773

shortseller09 said:

The US jobs report comes out every month, what did you do prior to each of those occasions going back decades?

I am more skeptical at the moment because share prices are high and i want to cash in soon to buy a car.  Plus i believe there was a sell off after the jobs report last month (even though it recovered).

Nebulous2

If you need the money shortly then it probably shouldn't be invested. Big swings either way are always possible. 

If you  are happy to let it stay invested for years then anything that happens as a result of the jobs report is simply random noise. 

Swipe

There'll be huge swings in either direction most weeks leading up to the election.

gravel_2

Join the melt up.

Beddie

w00519773 said:

shortseller09 said:

The US jobs report comes out every month, what did you do prior to each of those occasions going back decades?

I am more skeptical at the moment because share prices are high and i want to cash in soon to buy a car.  Plus i believe there was a sell off after the jobs report last month (even though it recovered).

If you need the money soon, sell now. No point trying to guess which way the market might go. Although October does have a reputation for crashes... 

gravel_2

It's published. Nothing much of interest happened to stocks, a small bump in USD terms. GBP/USD and Gold/USD make for interesting charts...