Cash out? Enough is enough

Cobbler_tone

Lightweights

Secret2ndAccount

artyboy said:

On a related note, today isn't looking that great for the US. Sell Sell Sell!

HedgehogRulez said:

It’s happening!

Why sell everything and go to cash?  There are lots of people who want to be in equities, and fund managers who are required to be in equities. If they think the big 7 are spending too much on data-centres, they will rotate into banks, or health-care, or energy.
You don't have to run away from the whole market because you are wary of AI

HedgehogRulez

Tech stocks down 1% yesterday! A trend, if left unchecked, will see the entire sector completely wiped out in another ….99 days! Which pretty much brings us to 14th February.

What else “aims down” other than that baby-faced spirit of love at that time of the year?

That’s right: a bear. A bear swiping down at all those doomed stocks, decimating them all!

Coincidence? I think not. This is just the beginning of the end, let me warn you!

[Deleted User]

Is this the Black Friday before Black Friday?

artyboy

HedgehogRulez said:

Tech stocks down 1% yesterday! A trend, if left unchecked, will see the entire sector completely wiped out in another ….99 days! Which pretty much brings us to 14th February.

What else “aims down” other than that baby-faced spirit of love at that time of the year?

That’s right: a bear. A bear swiping down at all those doomed stocks, decimating them all!

Coincidence? I think not. This is just the beginning of the end, let me warn you!

Are you trying to out-tongue-in-cheek me, sir? 

I do however feel that there is a significant correction imminent. All very well saying that people want to be in equities and if it isn't invested 'here' then it will be invested 'there' - which is all very well, but if it is that fixed, how then could a global tracker like HMWO ever fall? Or rise? Sentiment has its part to play, and there is enough nervousness (I feel) that we could have a dip.

And if I'm wrong, I'm wrong. Less tax for poor Rachel...

LHW99

Tech stocks down 1% yesterday! A trend, if left unchecked, will see the entire sector completely wiped out in another ….99 days! Which pretty much brings us to 14th February.

I don't think so:

Daily reducing balance is Principal * (1-0.01) ^ number of days. So if the rate is 1% (0.01) and starting with £1000, after 99 days the balance would be just less than £370 - nasty, but not gone.

Makes a nice curve (which I can't actually upload).

MeteredOut

LHW99 said:

Tech stocks down 1% yesterday! A trend, if left unchecked, will see the entire sector completely wiped out in another ….99 days! Which pretty much brings us to 14th February.

I don't think so:

Daily reducing balance is Principal * (1-0.01) ^ number of days. So if the rate is 1% (0.01) and starting with £1000, after 99 days the balance would be just less than £370 - nasty, but not gone.

Makes a nice curve (which I can't actually upload).

Indeed, a 1% fall every day would never fully wipe out the original amount.

(reminds me of Zeno's Dichotomy Paradox a bit)

Albermarle

HedgehogRulez said:

Tech stocks down 1% yesterday! A trend, if left unchecked, will see the entire sector completely wiped out in another ….99 days! Which pretty much brings us to 14th February.

What else “aims down” other than that baby-faced spirit of love at that time of the year?

That’s right: a bear. A bear swiping down at all those doomed stocks, decimating them all!

Coincidence? I think not. This is just the beginning of the end, let me warn you!

Currently S&P 500 is up 0.33% and rising. Nasdaq is 0.67% up and rising.
So predictions of a wipeout a bit premature maybe.

FIREDreamer

Similar story.

My ISA portfolio was a mess comprising over 50 investment trusts and exchange traded funds. Paying good dividends but was basically an expensive index tracker. 

Also I am not getting any younger. So I sold out everything this week and am going to reinvest in real and hopefully cheaper index trackers like FTWG.

ISA has made 14% year to date with dividends reinvested which i am reasonably happy with and on a par with VWRL. Going to reinvest slowly as concerned about overvaluation of stocks generally. 

I am retired, a mortgage free homeowner, and in my early 60’s and my pensions are in payment and comprise inflation linked annuities (bought from a SIPP as joint life rates were well in excess of 4%) and two earlier private sector defined benefits which provide more than enough to live on and put me in the 40% tax band (just about). I slammed loads into my pension between 2007 and 2024 when i retired.

This is the first time since 1985 that I have never owned any equity investments at all.

I have transferred 40% of my ISA to a cash ISA. The remaining ISA funds will go into index trackers when I feel the time is right but the market feels very frothy to me. Both are with Hargreaves Lansdown.

I am into inheritance tax territory so why take undue risks if the government, of any hue, takes nearly half the profits?

GenX0212

HedgehogRulez said:

Tech stocks down 1% yesterday! A trend, if left unchecked, will see the entire sector completely wiped out in another ….99 days! Which pretty much brings us to 14th February.

What else “aims down” other than that baby-faced spirit of love at that time of the year?

That’s right: a bear. A bear swiping down at all those doomed stocks, decimating them all!

Coincidence? I think not. This is just the beginning of the end, let me warn you!

Not strictly true.
1% of 100 is 1 leaving 99
1% of 99 is 0.99 leaving 98.01

Continue the trend for 100 days and you will have about 37% left
If groks math is correct ( haven't bothered to check) then it would be 459 days until you have less than 1% left ...