Increased Markets Volatility

chiang_mai

Bostonerimus1 said:

I couldn't care less. The OP's first two paragraphs sound like a piece from anyone of hundreds of investing news letters and so are of no interest to me at all.

I don't recieve or read any of the publications you mention, I live in a fairly remote area in Asia so forums such as this are my main sources of information, somewhere that I can go to understand first hand, retail investor sentiment and similar. I'm sorry if my question upset you, you could always just ignore it. 

chiang_mai

Linton said:

A good way of looking at investment management in my view is to always work on the assumption that a market crash could happen tomorrow. Any panic reaction when one really does happen is evidence that you got it wrong in the first place.

I completely agree with this approach and thinking.

eskbanker

chiang_mai said:

eskbanker said:

chiang_mai said:
My sence is this is a common problem today, too much cash swilling around, looking for a home. It may sound like a nice problem tyo have but really it isn't.

Why isn't it a nice problem to have?  It sounds like an extraordinarily fortunate position to be in (without any knowledge of how you got there) and not at all common - it's one that most would dream of, even though there may be a disproportionately high number in the same boat on a site like this....

I have cash in the bank in Asia where I live that supports my existence here, I don't need the funds for daily cash flow but living here does require a larger than usual ermergency fund for things such as visa, medical etc. For example, my health insurer cancelled my health insurance two years ago, not for any other reason than I had reached an age that represented higher risk (the rules are different here) which means I must now self fund. That money earns less than 1% (less tax) and there are no other low risk investment options. Fortunately inflation is under 2%, or so says the BOT, but that cash is still a reducing asset. I was brought up to make monmey work for me and it's frustrating that I can't do that here. And my Western options are limited, especially since I am now selling my UK address because I don't have the same access to low risk high street investments that residents do. 

OK, but if your issue is fundamentally that you have more money than you know what to do with and nowhere to put it to protect it, by virtue of where you live, then I'd suggest that this is even less common!

ShinyStarlight1

chiang_mai said:

Bostonerimus1 said:

I couldn't care less. The OP's first two paragraphs sound like a piece from anyone of hundreds of investing news letters and so are of no interest to me at all.

I don't recieve or read any of the publications you mention, I live in a fairly remote area in Asia so forums such as this are my main sources of information, somewhere that I can go to understand first hand, retail investor sentiment and similar. I'm sorry if my question upset you, you could always just ignore it. 

I always find your posts very interesting and provide me with much food for thought, so thank you.

chiang_mai

eskbanker said:

chiang_mai said:

eskbanker said:

chiang_mai said:
My sence is this is a common problem today, too much cash swilling around, looking for a home. It may sound like a nice problem tyo have but really it isn't.

Why isn't it a nice problem to have?  It sounds like an extraordinarily fortunate position to be in (without any knowledge of how you got there) and not at all common - it's one that most would dream of, even though there may be a disproportionately high number in the same boat on a site like this....

I have cash in the bank in Asia where I live that supports my existence here, I don't need the funds for daily cash flow but living here does require a larger than usual ermergency fund for things such as visa, medical etc. For example, my health insurer cancelled my health insurance two years ago, not for any other reason than I had reached an age that represented higher risk (the rules are different here) which means I must now self fund. That money earns less than 1% (less tax) and there are no other low risk investment options. Fortunately inflation is under 2%, or so says the BOT, but that cash is still a reducing asset. I was brought up to make monmey work for me and it's frustrating that I can't do that here. And my Western options are limited, especially since I am now selling my UK address because I don't have the same access to low risk high street investments that residents do. 

OK, but if your issue is fundamentally that you have more money than you know what to do with and nowhere to put it to protect it, by virtue of where you live, then I'd suggest that this is even less common!

This is not an uncommon problem in Asia where even the middle classes invest overseas, certainly the wealthy do so. Sometimes the funds remain offshore and are onshored covertly (or not at all), robbing the country of tax revenue and  bank capital. Which is why gold is so popular, because the price rises independent of the local economy. Traditional investments such as the stock market are dead ends, as are bank CD's. The amount of Asian money invested offshore must be a staggering amount.  

valuepack

I'm 49 and new to investing, just coming to end of my first year.

I'm just sitting on my hands and telling myself not to react.

Albermarle

valuepack said:

I'm 49 and new to investing, just coming to end of my first year.

I'm just sitting on my hands and telling myself not to react.

That's the spirit !

chiang_mai

valuepack said:

I'm 49 and new to investing, just coming to end of my first year.

I'm just sitting on my hands and telling myself not to react.

I recently installed a sign in the middle of my tracking worksheet which reads, "Dont just stand there, do nothing".....it's been surprisingly effective!

InvesterJones

chiang_mai said:

valuepack said:

I'm 49 and new to investing, just coming to end of my first year.

I'm just sitting on my hands and telling myself not to react.

I recently installed a sign in the middle of my tracking worksheet which reads, "Dont just stand there, do nothing".....it's been surprisingly effective!

The quote from Benjamin Graham I think is "Don't just do something, stand there"

Albermarle

chiang_mai said:

valuepack said:

I'm 49 and new to investing, just coming to end of my first year.

I'm just sitting on my hands and telling myself not to react.

I recently installed a sign in the middle of my tracking worksheet which reads, "Dont just stand there, do nothing".....it's been surprisingly effective!

Or as they say in the North of England - ' If in doubt, do nowt'