Should I dump my stocks ?

michael1234

https://forums.moneysavingexpert.com/discussion/comment/81908154#Comment_81908154

Surely its the same thing? If you're comfortable with your existing investments what not add more? Alternatively, if you don't want to add any more such as in to your gd's ISA, why wouldn't you sell what you have ?

masonic

https://forums.moneysavingexpert.com/discussion/comment/81908154#Comment_81908154

You've a hard stop at the end of the tax year, but you're about as likely as not to get a better price later in the month.

https://forums.moneysavingexpert.com/discussion/comment/81908160#Comment_81908160

It's short term vs long term. Trading in and out requires two consecutive pieces of luck, so it is considerably harder to get right than the simple timing of a contribution or permanent drawdown. In a decade or two, +/-10% will be an insignificance.

aroominyork

The tax year hard stop is only about crediting her account, not about putting it into equities. In any case, it was a bit of a rhetorical post - her parents will decide how to invest it. More to the point, since we plan to add to the JISA each year, is ensuring it doesn't end up in the Lamborghini dealer's pocket the day she turns 18. We will need to plan her financial literacy training.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81908254#Comment_81908254

"her parents will decide how to invest it"

That's too bad. It might have allowed you to indulge in something more risky than you're normally allowed.

aroominyork

https://forums.moneysavingexpert.com/discussion/comment/81908331#Comment_81908331

You get a lol for that. Anyway, when I say her parents I mean her mother/our daughter, and she will go 100% equities. Her father is a sleeping partner in the family's financial management.

masonic

This is the conventional point in threads like these where we speculate wildly about whether markets are in a dead-cat bounce.

aroominyork

More like an injured kitten than a dead cat.

HedgehogRulez

sore !!!!!!?

edit: ah, seems chat filters don’t like that word!

John464

Quote from Warren Buffet;

• "In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497".

michael1234

https://forums.moneysavingexpert.com/discussion/comment/81912579#Comment_81912579

Aye, but they were spread over a hundred years with plenty of crashes too.