Who's has been buying today?

dosh37

As an old git who has been through it all, these days I sit back and laugh at the contradictory responses to yet another man made 'crisis' on the news.

If it was WW3 or an asteroid on collision course it might be different.

I don't have many years left, I don't have kids, don't have money, so like many, I don't really care that much about the future.

Why should I care if humanity ends up destroying itself as a result of over population, global warming, polution, inconsderation and selfishness? My only real concern is for the animals who had nothing to do with it.

Maybe even that is pointless since according to Brian Cox, eventually the earth will be consumed by the sun.

No worries, Brian Cox has had many free holidays to far flung places to explain it all paid for by BBC licence payers.

I never understood how he managed to travel to the Namibian desert for free just to explain 'the end of the universe'.

Doom and Gloom, Impending recession, buying opportunity, blah blah blah.

Post a few pointless and useless responses on forums, throw in a few acronyms like 'CHS2' so that people think you are knowledgeable and 'in the game'. No one can predict what the future holds.

My mum made more sense than most politicians. She used to say 'When we are dead, just like chess pieces, we all end up in the same box, no matter whether we were pawns, kings or queens'. Most people don't get that until they reach a certain age.

eskbanker

dosh37 said:

Post a few pointless and useless responses on forums...

Not sure you're really in much of a position to criticise others on that front, after that rambling diatribe!

Bravepants

aroominyork said:

Bravepants said:

VNX said:

The irony is if the stock market was up people would be wanting to buy to jump into the market yet what they would be buying would be more expensive 

The media doesn't help, "stocks have plunged", "funds wiped out", "Doom, and gloom". They never say "Hey guys! Great buying opportunity! Times will change again! Fill your boots while you can."

What happened this week is not the usual rough and tumble of politics and economics. A case can be made that this time it is different. I'm not saying it isn't a buying opportunity, but the lens through which to view this is definitely not the usual one.

At the risk of drawing the ire of the MSE political discussion watchdogs...the only way it's different is that this time the politician in charge is very definitely in it for himself. He doesn't care a jot about America or its people. He is a business man. He knew full well that filling the economic world with tariffs would drive down the stock market...and who's going to benefit?...him and his cronies. I wouldn't be surprised if in a few months (or even less) he "changes his mind" and takes his profit.

Hoenir

Bravepants said:

VNX said:

The irony is if the stock market was up people would be wanting to buy to jump into the market yet what they would be buying would be more expensive 

The media doesn't help, "stocks have plunged", "funds wiped out", "Doom, and gloom". They never say "Hey guys! Great buying opportunity! Times will change again! Fill your boots while you can."

The quality of much financial journalism is extremely poor. Read the serious press once in a while, i.e. Financial Times, the Economist, Investors Chronicle etc. Alternatively try BBC Sounds. There's some decent indepth business podcasts on there. 

It's a complex web of relationships in the real world. That even the experts cannot fathom what the outcome is going to be. Given the number of variable moving parts. 

VNX

Bravepants said:

VNX said:

The irony is if the stock market was up people would be wanting to buy to jump into the market yet what they would be buying would be more expensive 

The media doesn't help, "stocks have plunged", "funds wiped out", "Doom, and gloom". They never say "Hey guys! Great buying opportunity! Times will change again! Fill your boots while you can."

For those with level heads they are helping, if they want to spread fear so those who know they are in it for the long run and can buy in cheaper now, great

boingy

The media love it because they have something to splash.
Traders love if because volatility is when they make the most money.
Governments love it because they have something else to blame.
Trump loves it because it keeps him on the front pages. That pic of him reading the double page spread in the New York Post was not an accident.

So much love!

TheBanker

I've made a couple of small purchases with my 'fun money' that I hope will be beneficial in the longer term, but I'm holding off investing any of my 'serious money' for now. I had intended to make a largeish investment using my new ISA allowance but I will hold that money in cash until things become a bit clearer.

This feels different to every previous crisis, in that it's caused by the deliberate economic policy of the world's largest economic power. There are many ways this could play out over the coming weeks, months and years and I think trying to speculate what will happen is too risky.

I'll still make my regular ISA/Pension contributions but I won't be adding any more, for now.

MEM62

It's a nice little dip in the market and tempted me to take some cash (£20K) out of the pot I had earmarked for settling our mortgage next year and have just stuck it in my S&S ISA.  

george4064

For me, market hasn't fallen enough yet.

I have subscribed £4k to my S&S LISA, will likely drip feed that into the market along with the bonus once it comes in.

Baldytyke88

george4064 said:

For me, market hasn't fallen enough yet.

I have subscribed £4k to my S&S LISA, will likely drip feed that into the market along with the bonus once it comes in.

I would have bought Astrazeneca today, but I don't have any cash.