Wise to have a second lower risk SIPP with Vanguard in the current climate?

InvesterJones

Baldytyke88 said:

The UK's stock market has fallen sharply(1.1%) after a warning from two US banks sparked a widespread sell-off in global shares.

0.9% as I type, but that's quite a normal daily change, why do you class that as a sharp fall?

Albermarle

Baldytyke88 said:

Eco_Miser said:

Thirdly, have you taken inflation into account when saying that debt levels are stellar and at a level never imagined previously, and when comparing gold price spikes?

For decades S+P listed the UKs credit rating as AAA, 10 years ago it went down to AA and it's still at AA now.

The UK's stock market has fallen sharply(1.1%) after a warning from two US banks sparked a widespread sell-off in global shares.

https://www.bbc.co.uk/news/articles/c4gjz82wx4wo

I watched the BBC business news this afternoon reporting from New York.
Apparently this mini panic about US regional banks is already over.

chiang_mai

Albermarle said:

I watched the BBC business news this afternoon reporting from New York.
Apparently this mini panic about US regional banks is already over.

It's a good example of just how nervous investors are in the current climate. An innocent enough remark by Jamie Dimon during an after dinner speech spawned market falls accross several markets globally. It stirkes me that investors are scrutinising every comment for the spark that will ignite a correction or worse and many are half way to the door, before the words have completely sunk in.

Baldytyke88

InvesterJones said:

Baldytyke88 said:

The UK's stock market has fallen sharply(1.1%) after a warning from two US banks sparked a widespread sell-off in global shares.

0.9% as I type, but that's quite a normal daily change, why do you class that as a sharp fall?

I quoted the BBC, but I added the (1.1%) so that people were aware of the facts.