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  • FIRST POST
    • BrockStoker
    • By BrockStoker 5th Feb 18, 8:32 PM
    • 200Posts
    • 87Thanks
    BrockStoker
    Correction in progress!
    • #1
    • 5th Feb 18, 8:32 PM
    Correction in progress! 5th Feb 18 at 8:32 PM
    I've just seen the largest (single day) spike in volatility I've ever experienced (currently @ 106%). Certainly it's looking like this is going to be the largest correction since 2015!

    https://uk.investing.com/indices/volatility-s-p-500-chart

    Time to look at what to buy with the cash I've been holding!

    More inclined to look at overseas assets/equities, but I have been thinking about buying some UK micro-cap for a while, and possibly some Chinese equities. Any one else shopping right now?
Page 4
    • MarcoM
    • By MarcoM 6th Feb 18, 10:46 AM
    • 503 Posts
    • 69 Thanks
    MarcoM
    Fortunately if you are well diversified globally your funds probably are probably worth a similar amount to 2 months ago anyway
    Originally posted by Filo25

    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.
    • grandst
    • By grandst 6th Feb 18, 10:52 AM
    • 37 Posts
    • 23 Thanks
    grandst
    The global economy is strong, this is just a bit of froth being blown off.
    • Glen Clark
    • By Glen Clark 6th Feb 18, 10:54 AM
    • 4,115 Posts
    • 3,140 Thanks
    Glen Clark
    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.
    Originally posted by MarcoM
    You understand wrong, and the headline reads
    FTSE 100 falls 250 points after tumbles in Asia and US
    which you changed to;
    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.
    Are you looking for a job on the Daily Mail
    It is difficult to get a man to understand something, when his salary depends on his not understanding it. --Upton Sinclair
    • Alexland
    • By Alexland 6th Feb 18, 10:55 AM
    • 2,248 Posts
    • 1,636 Thanks
    Alexland
    We could really do with Boris making a stupid comment about the Brexit process to devalue sterling. Where is he, he needs to do his job!
    • MarcoM
    • By MarcoM 6th Feb 18, 11:00 AM
    • 503 Posts
    • 69 Thanks
    MarcoM
    You understand wrong, and the headline reads
    FTSE 100 falls 250 points after tumbles in Asia and US
    which you changed to;
    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.
    Are you looking for a job on the Daily Mail
    Originally posted by Glen Clark

    I always thought socialists don't do sarcasm
    • dunstonh
    • By dunstonh 6th Feb 18, 11:08 AM
    • 92,223 Posts
    • 59,404 Thanks
    dunstonh
    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.
    Originally posted by MarcoM
    The remit of the Guardian is to paint a pretty bleak picture [of everything that is not left wing]. That is what it's readership want. They want to know the world is awful and the UK is wrong at everything and that we should all be atoning for our ancestors and we are all doomed unless Labour is in power.

    Each paper has a target market. The famous Yes Prime Minister sketch still works today. Although some of the papers have gone more extremist.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Heedtheadvice
    • By Heedtheadvice 6th Feb 18, 11:10 AM
    • 796 Posts
    • 379 Thanks
    Heedtheadvice
    the economy, shares, currencies and property don't exist anymore and we are now dealing in pears and apples.
    I'm off to the green grocers then...but must remember that these assets are short dated!!

    As a poster of a few weeks ago about should I take a bit of profit whilst things were riding high (imho) as things stand this morning on some of the more volatile investments (that tend to do rather well overall) I could have saved a 10% reduction in profit. Not insubstantial.
    However I still rate the suggestions posted that it is probably better to rebalance than rush off to sell loads based on short term fluctuations. I am in it for the long term. Ok, I might have a few k that I could now reinvest but equally it could have cost me.

    I think that sentiment goes for purchasing too. Do not jump just because there had been a change.

    I think I might feel differently if those same investments (the leaders in gain) drop another 10% as then the dividend yield (ASSUMING it is maintained!!!) would then be worth it or the prices could be beneficial compared to the long term gain trend such as in BG Shin Nippon........

    But then again who knows!!
    • MarcoM
    • By MarcoM 6th Feb 18, 11:11 AM
    • 503 Posts
    • 69 Thanks
    MarcoM
    The remit of the Guardian is to paint a pretty bleak picture [of everything that is not left wing]. That is what it's readership want. They want to know the world is awful and the UK is wrong at everything and that we should all be atoning for our ancestors and we are all doomed unless Labour is in power.

    Each paper has a target market. The famous Yes Prime Minister sketch still works today. Although some of the papers have gone more extremist.
    Originally posted by dunstonh

    I agree with you. It also looks like some of their editors are posting on here today....
    • Heedtheadvice
    • By Heedtheadvice 6th Feb 18, 11:13 AM
    • 796 Posts
    • 379 Thanks
    Heedtheadvice
    ....and whatever one believes about the Guardian, I benefited from one of their share tips several years ago.....hardly a very left wing example, but yes there is a socialist tendancy in general!
    • MarcoM
    • By MarcoM 6th Feb 18, 11:13 AM
    • 503 Posts
    • 69 Thanks
    MarcoM
    I'm off to the green grocers then...but must remember that these assets are short dated!!

    As a poster of a few weeks ago about should I take a bit of profit whilst things were riding high (imho) as things stand this morning on some of the more volatile investments (that tend to do rather well overall) I could have saved a 10% reduction in profit. Not insubstantial.
    However I still rate the suggestions posted that it is probably better to rebalance than rush off to sell loads based on short term fluctuations. I am in it for the long term. Ok, I might have a few k that I could now reinvest but equally it could have cost me.

    I think that sentiment goes for purchasing too. Do not jump just because there had been a change.

    I think I might feel differently if those same investments (the leaders in gain) drop another 10% as then the dividend yield (ASSUMING it is maintained!!!) would then be worth it or the prices could be beneficial compared to the long term gain trend such as in BG Shin Nippon........

    But then again who knows!!
    Originally posted by Heedtheadvice


    I have sold half of my allocation over weekend / yesterday but only because we want to buy a house and can't really do with not having an idea of the budget available.


    The rest I will wait to sell hoping that things pick up a bit over the next few weeks. Want to make back that 4k I lost...greedy again I know.
    • Filo25
    • By Filo25 6th Feb 18, 11:21 AM
    • 1,419 Posts
    • 2,036 Thanks
    Filo25
    For all the Guardian bashing I would say the Mail's headline is far worse "Bloodbath on global markets after record losses on Wall Street as stocks plunge across Asia and FTSE falls to lowest level since 2016"

    Rather than being a socialist conspiracy, maybe sometimes papers love to hype up a bit of volatility.
    • Alexland
    • By Alexland 6th Feb 18, 11:25 AM
    • 2,248 Posts
    • 1,636 Thanks
    Alexland
    Rather than being a socialist conspiracy, maybe sometimes papers love to hype up a bit of volatility.
    Originally posted by Filo25
    If it creates opportunities for investors then maybe that's ok.
    • DairyQueen
    • By DairyQueen 6th Feb 18, 11:38 AM
    • 229 Posts
    • 380 Thanks
    DairyQueen
    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.
    Originally posted by vacheron
    "Eating a piece of toast in my pyjamas" Yep, that sounds about right.

    BBC radio news was reporting (lead story) - sharp drop in UK markets followed by blurb on the horror of it all. The bulletin concluded with the footnote "markets have since recovered". Priceless.
    • MarcoM
    • By MarcoM 6th Feb 18, 11:38 AM
    • 503 Posts
    • 69 Thanks
    MarcoM
    If it creates opportunities for investors then maybe that's ok.
    Originally posted by Alexland


    In that case then lets get Jeremy Corbyn elected as PM.


    What do the financial advisers that contribute to this forum think of this?
    Would it give good opportunities for share / fund buying?


    • Superscrooge
    • By Superscrooge 6th Feb 18, 11:52 AM
    • 1,071 Posts
    • 770 Thanks
    Superscrooge
    The remit of the Guardian is to paint a pretty bleak picture [of everything that is not left wing]. That is what it's readership want. They want to know the world is awful and the UK is wrong at everything and that we should all be atoning for our ancestors and we are all doomed unless Labour is in power.

    Each paper has a target market. The famous Yes Prime Minister sketch still works today. Although some of the papers have gone more extremist.
    Originally posted by dunstonh
    'Yes Prime Minister' sketch for those that aren't familiar.....

    https://youtu.be/DGscoaUWW2M
    • aroominyork
    • By aroominyork 6th Feb 18, 12:02 PM
    • 424 Posts
    • 124 Thanks
    aroominyork
    We could really do with Boris making a stupid comment about the Brexit process to devalue sterling. Where is he, he needs to do his job!
    Originally posted by Alexland
    Wouldn't you prefer a global dip plus strong Sterling to make global equities doubly cheap(er) to buy now? Then call for Boris once you've bought.
    • Alexland
    • By Alexland 6th Feb 18, 12:05 PM
    • 2,248 Posts
    • 1,636 Thanks
    Alexland
    Wouldn't you prefer a global dip plus strong Sterling to make global equities doubly cheap(er) to buy now? Then call for Boris once you've bought.
    Originally posted by aroominyork
    Yes maybe he's giving us a bit of time to buy. I never realised the Foreign Secretary has such a key role in the running of the economy. But then neither did the Chancellor. Apparently Boris also allocates the NHS money...
    • kidmugsy
    • By kidmugsy 6th Feb 18, 12:07 PM
    • 10,384 Posts
    • 7,070 Thanks
    kidmugsy
    ....and whatever one believes about the Guardian, I benefited from one of their share tips several years ago.....hardly a very left wing example, but yes there is a socialist tendancy in general!
    Originally posted by Heedtheadvice
    I can remember the Guardian telling its readers to buy with profits policies with Equitable Life so that they could make four or five thousand pounds each when it demutualised.
    Free the dunston one next time too.
    • kidmugsy
    • By kidmugsy 6th Feb 18, 12:08 PM
    • 10,384 Posts
    • 7,070 Thanks
    kidmugsy
    Yes maybe he's giving us a bit of time to buy. I never realised the Foreign Secretary has such a key role in the running of the economy. But then neither did the Chancellor. Apparently Boris also allocates the NHS money...
    Originally posted by Alexland
    And he's in charge of Zip lines.
    Free the dunston one next time too.
    • dunstonh
    • By dunstonh 6th Feb 18, 12:11 PM
    • 92,223 Posts
    • 59,404 Thanks
    dunstonh
    'Yes Prime Minister' sketch for those that aren't familiar.....

    https://youtu.be/DGscoaUWW2M
    Originally posted by Superscrooge
    One of the all time classics. Even Nigel Hawthorne can only just about keep himself from laughing.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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