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Post by gravitykillz on Feb 29, 2020 17:32:05 GMT
Lots of equities are starting to look very attractive. I am considering buying some. Some p2p platforms may not survive corona or brexit but I am confident companies like BP or BNC (Santander) or British Land will. It's just an opinion any thoughts ?
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Post by Deleted on Feb 29, 2020 18:45:16 GMT
I've made a good living as an equity trader in the past 10 years. I doubt very much that BP or indeed Shell has or will appear on my buy list. Too many doubts about fossil fuels to take them seriously.
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michaelc
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Post by michaelc on Feb 29, 2020 18:47:16 GMT
Re BP, Will the rubbish environmentally sensitive predictions spouted by some move people away from oil faster than is thought now ?
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Post by Deleted on Feb 29, 2020 18:47:38 GMT
Santander is a bank which is in the midst of disruption so no. British land has been on my radar but, if memory serves is a landlord to retail so unlikely to do well.
Not sure these three can easily identified as part of a strategy. If you want defensive I suggest Colgate.
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hazellend
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Post by hazellend on Feb 29, 2020 19:33:01 GMT
Lots of equities are starting to look very attractive. I am considering buying some. Some p2p platforms may not survive corona or brexit but I am confident companies like BP or BNC (Santander) or British Land will. It's just an opinion any thoughts ? Don’t buy individual companies, buy all of them (all world tracker). Yes, some may beat the market, but the vast majority don’t. I put 20k into my index tracker holding on Friday, so simple, stress free. If the index continues to drop I can just keep buying with new money all the way down
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Post by Deleted on Feb 29, 2020 20:38:27 GMT
Frightening but at least a strategy
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Post by martin44 on Feb 29, 2020 20:52:08 GMT
Buy when theirs blood on the streets .... its always been so.
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Post by Ace on Feb 29, 2020 21:26:20 GMT
Lots of equities are starting to look very attractive. I am considering buying some. Some p2p platforms may not survive corona or brexit but I am confident companies like BP or BNC (Santander) or British Land will. It's just an opinion any thoughts ? Don’t buy individual companies, buy all of them (all world tracker). Yes, some may beat the market, but the vast majority don’t. I put 20k into my index tracker holding on Friday, so simple, stress free. If the index continues to drop I can just keep buying with new money all the way down I'm with you all the way on world index trackers, but, paradoxically, I'm doing the opposite to you right now. I've withdrawn a large sum from my VLS100 account in the expectation that I will be able to buy it back much cheaper very soon. I would normally avoid trying to time the market like this at all costs, but it seems to me that it's a no brainer at the moment. Obviously, I'm going to look a complete prat if the markets rise again before I buy back in! So, definitely not advice.
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corto
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Post by corto on Feb 29, 2020 21:35:57 GMT
Yup. No-brainer for me, too.
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hazellend
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Post by hazellend on Feb 29, 2020 22:31:20 GMT
Don’t buy individual companies, buy all of them (all world tracker). Yes, some may beat the market, but the vast majority don’t. I put 20k into my index tracker holding on Friday, so simple, stress free. If the index continues to drop I can just keep buying with new money all the way down I'm with you all the way on world index trackers, but, paradoxically, I'm doing the opposite to you right now. I've withdrawn a large sum from my VLS100 account in the expectation that I will be able to buy it back much cheaper very soon. I would normally avoid trying to time the market like this at all costs, but it seems to me that it's a no brainer at the moment. Obviously, I'm going to look a complete prat if the markets rise again before I buy back in! So, definitely not advice. I suspect your decision will pay off. Basically I try and fight my instincts when it comes to stock market investing. My overall thought process is: the market is going to be multitudes higher in 30 years time (unless we’re all dead, or the world has gone ex growth and companies are just paying out high dividends) so just shut my brain off and keep buying. I appreciate market timers announcing their buys and sells
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corto
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Post by corto on Feb 29, 2020 23:14:39 GMT
Most experts expect a further drop on Monday. Given that, it is more rational to wait a day rather than buy cheap looking goodies right away. One could do it in several pieces, too, if one fears to miss a sudden rise. Takes some stress out.
This holds even for long-term investors. A lower entry price would pay back on the long term (if the bet of ever increasing markets on the long run is correct, which is likely, but not certain either (as hazellend acknowledges, too)).
If one sees the chances of a drop on Monday (or/and over the weeks thereafter) as high enough, it would also be rational to sell (some) and try to buy back at a lower price later. There is a good chance for this to work on Monday especially if one holds moderately or highly volatile shares (such as global equity index trackers; the property and bond stuff I hold has hardly jerked so far).
The fraction I sold end of the previous week has gained between 2.5 and 15% by avoiding losses; that cancels part of the actual losses on the unsold rest. It also feels safer to have funds in cash now. However, the funds will go back into the market at some point.
For re-entry it is not necessary to time the exact low-point of the trough. That, nobody can do indeed.
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corto
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Post by corto on Feb 29, 2020 23:22:05 GMT
My overall thought process is: the market is going to be multitudes higher in 30 years time I appreciate market timers announcing their buys and sells You are aware that you have an asymmetric advantage? If short-term trades fail you can trump us right away, whereas we have to wait another 30 years ..
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hazellend
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Post by hazellend on Feb 29, 2020 23:51:11 GMT
My overall thought process is: the market is going to be multitudes higher in 30 years time I appreciate market timers announcing their buys and sells You are aware that you have an asymmetric advantage? If short-term trades fail you can trump us right away, whereas we have to wait another 30 years .. It’s not a competition. I do advise people to invest for the long term rather than speculate though.
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reinvestor
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Post by reinvestor on Mar 1, 2020 8:21:59 GMT
I’m fully cash in my Sipp right now. Love buying in a dip (Brexit result day was a good one - when I could actually login due to all the people selling!!) I’m sitting back and doing nothing right now. This situation is a complete unknown and the dip has no bottom. It is potentially the Mariana Trench.
I work in asset finance. I have 84 Volvos on order for customers that should be delivered in March. Volvo are owned by Geely, a Chinese firm. I have been told by Volvo UK to tell my customers to expect a 6 week extended lead time. That is the official line. My point of contact at Volvo tells me 20 weeks. BMW won’t give out lead times or estimates for any cars not yet built.
Just in time delivery of parts and reliance on China all of a sudden doesn’t look like a great business strategy.
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jonno
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Post by jonno on Mar 1, 2020 8:32:59 GMT
You are aware that you have an asymmetric advantage? If short-term trades fail you can trump us right away, whereas we have to wait another 30 years .. It’s not a competition. I do advise people to invest for the long term rather than speculate though. Whilst in many ways I admire your strategy and I'm sure it suits your circumstances, don't forget that many of us can no longer afford to adopt a 30 year strategy. I retired early on a decent pension and have gradually switched my strategy towards income rather than growth and while I've achieved decent capital appreciation over the last 5 or so years I have also generated enough income to maintain the same lifestyle as when I worked ( I was Chief Executive of a public body with a turnover of £1 billion). I sold around 25% of my holdings last week, taking profits where they were (still?) available, but am intending to go back in at some point, but with a slant towards income opportunities rather than pure growth. I wish you well.
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