Stock market correction or bear market/crash? Either way I bailed.

TheBigShort said:
Are you questioning the efficiency of markets?
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well ive never bought into the notion held by some that the market is always at the level it should be

were that the case then it could be argued that buying the market two weeks ago was no less wise than today and only a denier of reality would advance this view , which is a different thing than saying you cant time the market , i accept that but there are undeniably better times to have purchased
 
I made the point before that the average holding period for stocks is now just 10 months so most of the market is not long term investors, I know the last 2 years was unusually quite but it must be the case that volatility is increasing all the time with the speed that people can sell large holdings in a click. I can see how people could liquidate a portfolio worth millions in a few seconds with the action on Monday but would be much slower in investing millions, they might take years to do that.
 
Sarenco said:
In Euro terms, US equities are down roughly 5% YTD, whereas EZ equities are pretty much flat.

Not that market gyrations over such a short time period are proof of anything.
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the VEUR etf ( which covers the eurozone , uk and switzerland etc ) etf is down 3% according to google finance

the s + p ( in dollar terms ) is up slightly 0.85% , its down more than 2% in euro terms but still performing better than the european based etf

https://finance.google.com/finance?q=AMS:VEUR&ei=eQp7WuHuJMiXUKqeLQ

https://finance.google.com/finance?q=AMS:VUSA&ei=fQp7WvCPNITOswH65JrgBQ

here is an ishares etf which covers europe and its YTD performance

https://finance.google.com/finance?q=AMS:IMEU&ei=mgp7Wtj6E4PEUe6GlPgP
 
There is an eff called svxy which basically makes money on the lack of volatility in the market, it fell off a cliff over the last week. Some guy on Twitter posted a funny tweet,
"Something previously only available to elite hedge funds, ETFS have truly democratized the act of losing all your money in a single day"
I suppose you could add bit coin to that but over a few weeks
 

is the instrument you are referring to not an ETN form rather than ETF ?
 
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GUYS.BUY GOOD SHARES WHEN THEY ARE CHEAP AND KEEP THEM FOREVER.NO NEED TO MONITOR THE STOCK MARKET DAY AFTER DAY.NEVER WASTE A GOOD CRISIS.IF WE LOOK BACK AT THE PAST 30 YEARS IN SHARES AND PROPERTY, THEN WE CAN SEE GLIMMERS OF THE FUTURE.MY 10 CENTS WORTH.
 
Have you any advice for the female readers?
 
galway_blow_in said:
is the instrument you are referring to not in ETN form rather than ETF ?
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That particular one is an ETF, but there are similar ETN derivatives. They're extremely complex instruments. I understand there's already attempts at a class action lawsuit over this one.
 
not that i sold or needed to sell since last july but i chuckle at the advice of some on this site who believe based on taxation rules in this country that its better to simply sell units for income than instead invest in companies which pay hefty dividends

what do you do these days if you want 5 k worth of stock from a 100 k valued portfolio ?

two weeks ago if the fund was worth 100 k and you sell the 5 k worth of units today for whatever expenditure required , your portfolio is now down to 85 k as your 100 k fund is down 10% this past fortnight

sounds good but wholly impractical
 
RedOnion said:
That particular one is an ETF, but there are similar ETN derivatives. They're extremely complex instruments. I understand there's already attempts at a class action lawsuit over this one.
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glad im far too stupid to even know how to go about buying such WMD,s
 
I see the US markets had another big sell off today another 4 percent down, interesting to see how next few weeks pan out
 
galway_blow_in said:
not that i sold or needed to sell since last july but i chuckle at the advice of some on this site
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This is petty. I work on the assumption that all advice is given in good faith. It’s up to me to determine if I believe it to be sound and appropriate for me.

Challenge and question, but don’t belittle.
 
Mez! said:
This is petty. I work on the assumption that all advice is given in good faith. It’s up to me to determine if I believe it to be sound and appropriate for me.

Challenge and question, but don’t belittle.
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" Sticks and stones "
 

Good advice, but please remove your CAPS lock, no need to SHOUT.
 
galway_blow_in said:
two weeks ago if the fund was worth 100 k and you sell the 5 k worth of units today for whatever expenditure required , your portfolio is now down to 85 k as your 100 k fund is down 10% this past fortnight
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I'll keep this as simple as i can. Let's look at the other option - dividend paying stocks. Say you've a stock paying a 5% dividend. If the market is down 10%, and your share god's ex-div, all other things being equal you'd be down to 85 as well, but have a bigger tax bill.
 

A 5% dividend stock doesn't reduce by 5% every quarter at ex dividend day
 

It's good advice to an extent but even Warren buffet no longer does this, he used to but he has been selling down long held large shareholdings in wells Fargo bank and wall mart. In the last 10 years there has been considerably more changes in his portfolio, he used to be a big investor in newspapers and Gillette. Indeed he used to use Gillette as an example of a buy and forget investment, he had to change that when the hipster generation came along. Many people also thought that with the banks, you could buy them and forget them
 
galway_blow_in said:
A 5% dividend stock doesn't reduce by 5% every quarter at ex dividend day
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I was taking a simple example where you wanted 5k from a 100k portfolio (your scenario, not mine). So if it's a quarterly dividend, it'd need to be a 20% yield to meet your cash requirements. Whatever - if it declares a 5k dividend, it will drop 5k after going ex-div.
 
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