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if one read the guardian it would appear that the stock market has been annihilated; the economy, shares, currencies and property don't exist anymore and we are now dealing in pears and apples.
You can add to that most of the mainstream media, including the BBC. It's frankly pathetic the way that they describe the current situation, which, IMHO, is merely a correction that's been due for some time.
Personally I believe that we're currently in one of the largest global growth phases for a generation, lasting well into next year, bar, of course, the usual corrections from time to time, or a major international incident.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
The thing that I have found interesting is to watch the relative performance of my different funds in this dip. First time everything in the portfolio has gone down at once (only been holding it in this form for just over 12 months). Although this market movement isn't so far anything serious, it's still good feedback for long term planning.
And I am annoyed I decided to switch 50K from cash to one of the HSBC funds 10 days ago instead of now!!! :mad::rotfl:0 -
if one read the guardian it would appear that the stock market has been annihilated; the economy, shares, currencies and property don't exist anymore and we are now dealing in pears and apples.
Reporting has always been like that in significant down days, its a rare chance to drag some sensationalist reporting out of finance.
No less predictable than the ramping of the markets through other channels.
Not exactly calling a crash and the end of the world myself but I think the concerns about global growth looking stronger pretty much everywhere and the US fiscal stimulus on top of that will leading to inflation and higher rates aren't ludicrous, they just might take a while to play out.
Not changing any of my positions in response either, If it continued long enough I suppose the only change I would be tempted to make would be to rotate some short dated bonds back into equities, but only a relatively minor correction for now so hasn't radically changed anything.0 -
Nope, it doesn't say that.if one read the guardian it would appear that the stock market has been annihilated; the economy, shares, currencies and property don't exist anymore and we are now dealing in pears and apples.
So you are the one doing most of the exaggerating “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
I'm not doing a thing.
The 10 or so shares I currently hold in would need to fall another 10%-15% from where they now before I would consider this an half decent opportunity to buy through any dip, and I'm leaving my regular fund and pension investments exactly as they are.
I'd suggest that anyone in for the long term should avoid the hype and certainly not listen to the mainstream media's sensationaist take on the situation.
Miles Jupp put it very well here (youtube link):
(the video should automatically start at the right location, but if not, jump forward to 5 minutes 50 seconds. • The rich buy assets.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.
Robert T. Kiyosaki0 -
Just logged into my ISA S&S. It is not that bad as I have expected reading the news. Yes, values have fallen but not end of the world and should recover.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0
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Glen_Clark wrote: »Nope, it doesn't say that.
So you are the one doing most of the exaggerating
I understand guardian editors (read socialists
) don't do share dealing out of principle but you must admit the guardian paints a pretty bleak picture if you read the headline. 0 -
OldMusicGuy wrote: »The thing that I have found interesting is to watch the relative performance of my different funds in this dip. First time everything in the portfolio has gone down at once (only been holding it in this form for just over 12 months). Although this market movement isn't so far anything serious, it's still good feedback for long term planning.
And I am annoyed I decided to switch 50K from cash to one of the HSBC funds 10 days ago instead of now!!! :mad::rotfl:
Not as bad as what I have done.
My funds were always meant to be used for a house purchase.
I thought of selling them two months ago so that we would have a defined amount of cash. I got greedy hoping for more and look at it now...0 -
Not as bad as what I have done.
My funds were always meant to be used for a house purchase.
I thought of selling them two months ago so that we would have a defined amount of cash. I got greedy hoping for more and look at it now...
Fortunately if you are well diversified globally your funds probably are probably worth a similar amount to 2 months ago anyway0 -
Fortunately if you are well diversified globally your funds probably are probably worth a similar amount to 2 months ago anyway
I invested since 2012 and overall made a fair amount.
In the scheme of things I have lost 4k over the last couple of days compared to what the value was in November. So not much to complain really other than the house we like is at the top of our budget hence that 4k could be the difference between getting it or losing it...
C'est la vie I guess. Teaches me to plan better and not be a greedy !!!!!! when markets are at an all time high.0
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