mogish
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Post by mogish on Mar 22, 2023 7:36:55 GMT
After recent intervention and UBS buying Credit swiss, markets seem to have perked up a bit. My bonds are still down massively, considering to take the hit and bail out or should I leave them to recover? Dont need the money right now but it pains me to see such losses.
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agent69
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Post by agent69 on Mar 22, 2023 8:56:45 GMT
After recent intervention and UBS buying Credit swiss, markets seem to have perked up a bit. My bonds are still down massively, considering to take the hit and bail out or should I leave them to recover? Dont need the money right now but it pains me to see such losses.As I understand it the problem started when SVB tried to raise about $2bn to shore up it's balance sheet. If everyone around the world who invested in stocks and shares had chipped in a couple of quid it would have been more than enough. Instead we have all seen our portfolio values head south (by a lot more than a couple of quid). Strange how life works.
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benaj
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Post by benaj on Mar 22, 2023 9:26:53 GMT
After recent intervention and UBS buying Credit swiss, markets seem to have perked up a bit. My bonds are still down massively, considering to take the hit and bail out or should I leave them to recover? Dont need the money right now but it pains me to see such losses. No idea exactly how many funds have got involved in those cocos with Credit Suisse. Pimco, Invesco… It’s unusual AT1 bonds are “wiped” out before bank’s “failure”, I wonder what legal action can do to rescue lenders money. citywire.com/wealth-manager/news/credit-suisse-coco-holders-look-to-sue-investors-severely-shaken-says-twentyfour/a2412245
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Post by Deleted on Mar 22, 2023 11:09:35 GMT
After recent intervention and UBS buying Credit swiss, markets seem to have perked up a bit. My bonds are still down massively, considering to take the hit and bail out or should I leave them to recover? Dont need the money right now but it pains me to see such losses. I don't hold many bonds and I generally just buy to hold. At a time when banks fall, and lets face it they do every 8-10 years or so when politicians have taken the brakes off to let their animal spirits soar, and their feeble muscles ensure they dive like a turkey... I try and judge the bottom and buy more bonds. It needs a good bank crash to open the buying opportunity. But that is just what I do and is not advice.
Share buying is another matter as they also get knocked by a bank crash and I tend to enter the market a bit more slowly. Because, unlike bonds, they need management to sort out their emotions first and right now there is a major reduction in capex spend across the world, due to a bit too much fear and the threat we all have enough toasters. Economist article this week on this.
One piece of advice, never buy bank shares, that is for free and is worth every penny you paid for it. ;-)
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mogish
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Post by mogish on Mar 22, 2023 15:26:50 GMT
Some of my bonds are in corporate some in a mix of government bonds .either way I dont have the bottle to buy more regardless how cheap they get. Thanks for the bank shares tip:)
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