Iseq Etf 20
- Thread starter WGT
- Start date
I wouldn't worry over the longer term, unless you badly need the money.
No-one has a crystal ball... personally I think it will be upwards of 5 years before we see the ISEQ back at the levels of early 2007.
That was fuelled by a property bubble, we're in a totally different world now. and what is going on in the global financial markets will take a few years to work through the system.
The fact that the ISEQ is so heavily weighted towards banks and construction companies doesn't help.
I don't think it's hit the bottom yet - if the US turmoil continues, an index of 5000 isn't beyond reasonable doubt.
All in my humble and perhaps worthless opinion of course...
On a brighter note - in the long-term, the shares will break even and go into profit!!
If it's any consolation, there are many in the same boat - employee shares I bought last year have halved, and a mix of Japanese, European and Irish shares are down 30%
No-one has a crystal ball... personally I think it will be upwards of 5 years before we see the ISEQ back at the levels of early 2007.
That was fuelled by a property bubble, we're in a totally different world now. and what is going on in the global financial markets will take a few years to work through the system.
The fact that the ISEQ is so heavily weighted towards banks and construction companies doesn't help.
I don't think it's hit the bottom yet - if the US turmoil continues, an index of 5000 isn't beyond reasonable doubt.
All in my humble and perhaps worthless opinion of course...
On a brighter note - in the long-term, the shares will break even and go into profit!!
If it's any consolation, there are many in the same boat - employee shares I bought last year have halved, and a mix of Japanese, European and Irish shares are down 30%