Steven Barrett
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When does it hit the bottom?
I would have thought that the Corona virus would have had a knock on effect on the market eventually. So by holding back for the moment might seem a sensible thing to do, even a mug might get this one right. Today is only one day in the scheme of things but the markets are already off by 2% this morning. Was this not obvious?
Thanks @Gordon Gekko
I would not want to do a big, single investment/transfer into anything. That just seems like point-in-time gambling. I was more thinking of averaging-in future cash.
I have been investing directly in the UK stock market since the 1980's. You cannot call the top or the bottom but you can observe trends and study fundamentals.When does it hit the bottom?
There is a slight pick up in the Ftse as I write. Maybe the bottom feeders or the shorters covering their positions. A profit is a profit after all.
Or maybe a dead cat bounce?
Dow Futures down 2.40% forecast. This may lead to a further drop in the Ftse as the US market opens today.
No. What I said was...."Dow Futures down 2.40% forecast. This may lead to a further drop in the Ftse as the US market opens today."No offence, but a 2.4% drop in the dow opening is not newsworthy.
What are your goals?
You post focuses on your salary and savings, but you've given no view about what you want to do. Retire early? Become an angel investor and encourage startups? Own a property abroad? Buy a yacht?
Or are you just asking how do you maximise your money? Over what time frame?
I wouldn't agree that this is a no brainer. You've enough cash to pay your mortgage off 5 times! How much of that cash is on zero rate, or less than 0.25% return? After tax? I think I'd be paying off the mortgage - simplifies things, and changes your view of risk.
Did I miss a market crash this morning or something?
.
I know you missed yesterday's sell off.....did you notice anything today?
Talking about bottom feeders and dead cat bounce after a few hours of a mild market sell off shows that you are deluding yourself that you are investing smartly. Have you gone all in on the back of this massive sell off or are you waiting for more carnage on the street.
But when it happens 4 days in a row it certainly is getting lots of news.No offence, but a 2.4% drop in the dow opening is not newsworthy.
But.....maybe wait until the current correction settles down...….investing earlier last week would have cost you a lot of money.Why? That’s also trying to time the market (or “point-in-time gambling” to use your term). On the basis that the long-term trend of markets is upwards, then statistically it makes sense to invest earlier rather than later.
Well with the cash in your pocket you can sit back and wait a bit longer to see how things pan out. It looks as if investors are scrambling now to take their profits before there is nothing left for them.I sold last April and made a substantial profit. I got it partly wrong, if I had stayed in, I would have made a much larger profit. However I didn't make a loss.
Well you could have sold by now and saved yourself a lot of anguish rather than hanging in for 10 years as has been advised here. That would have been the first step.When does it hit the bottom?
I am not so sure about your views. I have read your posts above. It looks to me as if their is panic selling out there. Investors trying to salvage the profits that they have built up. Good to see that some posters above, who have been unkindly called "mugs" by some, took their profits by calling what they saw as the top of the market. They haven't lost.Of course there is a reaction but we are still far off anything close to panic
I am not so sure about your views. I have read your posts above. It looks to me as if their is panic selling out there. Investors trying to salvage the profits that they have built up. Good to see that some posters above, who have been unkindly called "mugs" by some, took their profits by calling what they saw as the top of the market. They haven't lost.