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Post by Ace on Nov 10, 2022 19:21:02 GMT
With inflation at an eye-watering 10-ish percent, where could you possibly put your money that could come close to that? Is your hope that by investing at a lower rate in the short term that higher rates will become available or do you refer to an alternate plan? Thanks!! I'm keeping my 'spare' money in the highest paying instant access account (Al-Rayan at 2.81%) and lending selectively to the juciest P2P loans for a short while until fixed term rates go up and shares slide further. Then, when fixed term accounts are higher, I will feel more comfortable locking into them for longer periods. Plus, I will dive into the stockmarket when it falls even lower as most experts are predicting. Here's a fascinating article published today as regards the latter strategy. Interesting that the article states that "markets are down 20%". Presumably because their definition of "markets" is the s&p. My chosen global tracker (VWRL) is down just under 10%.
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mrk
Posts: 807
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Post by mrk on Nov 10, 2022 20:33:10 GMT
I'm keeping my 'spare' money in the highest paying instant access account (Al-Rayan at 2.81%) and lending selectively to the juciest P2P loans for a short while until fixed term rates go up and shares slide further. Then, when fixed term accounts are higher, I will feel more comfortable locking into them for longer periods. Plus, I will dive into the stockmarket when it falls even lower as most experts are predicting. Here's a fascinating article published today as regards the latter strategy. Interesting that the article states that "markets are down 20%". Presumably because their definition of "markets" is the s&p. My chosen global tracker (VWRL) is down just under 10%. As it happens the S&P500 is up 5.20% today - update: closed at +5.54%. Good luck with timing the market.
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Post by Harland Kearney on Nov 10, 2022 20:48:26 GMT
Interesting that the article states that "markets are down 20%". Presumably because their definition of "markets" is the s&p. My chosen global tracker (VWRL) is down just under 10%. As it happens the S&P500 is up 5.20% today. Good luck with timing the market. Yes wouldn't recommend market timing right now, but for anybody sitting on large amounts of cash I would only drip feed in over a big lump sum. That is curently what I'm doing, the rest is in 1-2 year fixed rates whilst I run down my cash and my income. There are tons of arguemnts for and against the lump sums. I wouldn't make fixed rate investments based on getting back into the market though, only to reduce ones expected cash drag if they are drip feeding in and came into signficant cash capital for one reason or the other. I am very skeptial this rally is beyond a relief rally. But the sigficance of US data today is about FEDs actions on future rates decisions the almighty pivot that everybody keeps yawning on about. I state the obvious because the FEDs action may very well have some sway on the BoE action & its something to keep in mind. I never sold any investments this entire market period, I think doing that would of been a folly & worse style of market timing because of relief rallies like today. But I'm drip feeding cautiously, as I always have.
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