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Post by Deleted on Mar 19, 2020 15:17:19 GMT
I'm focusing on finding out which assets are most resilient and how my emotions are influenced by "loss" of money (generally saddened but not too much).
On a positive note I'm playing with ADBE in the US which seems to have roughly found a floor, all this home working should keep it very busy.
Rest of my holdings are slowly turning to .
Short term, I'm more concerned that there is no flour in Yorkshire to let me bake bread.
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Post by Deleted on Mar 19, 2020 16:17:11 GMT
I'm focusing on finding out which assets are most resilient and how my emotions are influenced by "loss" of money (generally saddened but not too much).
On a positive note I'm playing with ADBE in the US which seems to have roughly found a floor, all this home working should keep it very busy.
Rest of my holdings are slowly turning to .
Short term, I'm more concerned that there is no flour in Yorkshire to let me bake bread.
As you say. Psychology is the typical killer of retail investors. Unfortunately it is not a skill easily taught, it takes time and prior experience (e.g. 2008). Just remember. Retail investors have the benefit of time. Professional investors frequently have mandates or other constraints which might force them to take actions sooner than they might otherwise. Personally my personal portfolios seem to have found a bottom, the bottom-line fluctuating "happily" around the 16–20% down mark depending on volatility. I'm perfectly happy with that, its a decent result given the extraordinary circumstances and its within my risk profile. Spurred on by the resilience of a number of my holdings, I've decided to give the rest the benefit of time and review again some time later in the year once the market is properly done with its short-term volatility. Meanwhile I continue to look for new opportunities. I have the investible cash ready to go, it's pretty much a discount sale worldwide and just a case of not be tempted to make rushed decisions ! Yep, I would second that. I am optimistic but cautiously obviously. History tells us that the human spirit always prevails and opportunities always appear. I am not saying I would dive in now but I am certainly ready and waiting with cash when the time is right. I see two distinct phases coming - the flattening of infections and the release of an effective vaccine (albeit the supply of which will not be adequate). Pension(s) down 12%, Index Funds down 15%, Bond Funds up 2%
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Post by gravitykillz on Mar 20, 2020 19:37:07 GMT
Are security backed loans now temporarily worthless as the government has stated no one can be evicted or charged additional fees for not paying? What effect will this have on security backed p2p loans and for how long ?
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Mike
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Post by Mike on Mar 20, 2020 21:11:56 GMT
The £40k coming into my pension in April will be buy buy buy. I've gone from mostly cash to mostly shares in the last few weeks.
I'm increasingly of the "hugely overdone" persuasion.
In a few weeks we should have antibody tests widely (and importantly cheaply & easily) available. Everyone who tests positive (IMV that will be most people) are straight back to work and business as usual.
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travolta
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Post by travolta on Mar 20, 2020 21:21:06 GMT
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r00lish67
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Post by r00lish67 on Mar 22, 2020 22:14:18 GMT
IGSquawk @igsquawk
(Sighs) Same old monday....
US Futures limit down:
#DOW 18210 -5.02% #SPX 2184 -4.69% #NASDAQ 6644 -4.99% #RUSSELL 971 -4.81% #FANG 2532 -4.58%
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Post by Deleted on Mar 23, 2020 9:29:43 GMT
Don't forget, capital gains limit is £12k so now is the time to benefit by cashing in any losses to reduce your tax bill for CGT above £12k. Yes it hurts emotionally but effectively it puts you back in cash as well. When you do reinvest the cash don't buy loo paper manufacturers, Shell or Barclays ;-)
Just another reminder, the US failed to pass Corona supprt leggislation over the weekend so we can assume they will get their heads together this week to help struggling billionaires and the German government will pass support legislation this week. So some changes coming to the background soon.
For tax purposes I'm righting off P2P at the rate they give me back interest and with Corona this seems even more arguable.
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Post by Deleted on Mar 27, 2020 10:39:25 GMT
Just a reminder that the financial year is about to end, the markets have still to see a joined-up EU leaders solution and the Americans are still in denial about the deaths that are coming. Hence the markets are still terrified and today is Friday (no one wants to hold assets over a weekend in the middle of a world-wide crisis), if you want to take losses now is a good time to do so.
I'm not going to insult anyone by explaining that taking losses outside of a tax wrapper might be a good thing to do.
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hazellend
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Post by hazellend on Mar 27, 2020 14:39:43 GMT
I'm not going to insult anyone by explaining that taking profits outside of a tax wrapper might be a good thing to do.
Take profits - avoid CGT Crystalise a loss and moving assets into an ISA and rebuying is also a good move.
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Post by bracknellboy on Mar 27, 2020 16:04:15 GMT
hazellend "take losses" surely ? Taking profits will most likely not have the desired effect on your CGT bill. take profits within the allowance and then reinvest in the following tax year. I assume that was the intended meaning.
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Post by Deleted on Mar 27, 2020 16:09:47 GMT
For sure
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sd2
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Post by sd2 on Mar 27, 2020 19:59:10 GMT
The £40k coming into my pension in April will be buy buy buy. I've gone from mostly cash to mostly shares in the last few weeks. I'm increasingly of the "hugely overdone" persuasion. In a few weeks we should have antibody tests widely (and importantly cheaply & easily) available. Everyone who tests positive (IMV that will be most people) are straight back to work and business as usual. Not sure about hugely overdone but I have put everything in I can afford. Mainly investment trusts with an income bias. Some at 8% dividend. Share prices have in a lot of cases fallen further than NAV. If some of the 8% return to there previous prices I will be up 80% to 100% in capital gain. These trusts generally have low capital growth. City of London was exception its premium increased. But ì still got it on a 6.5%+ dividend. Still trading on 5.6% dividend. I am up 9.5% on that share. Also most have a full years dividend reserves. The latter is not in NAV.
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r00lish67
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Post by r00lish67 on Apr 2, 2020 10:45:46 GMT
How's everyone feeling out there equities-wise?
I just so happened to buy a bit at the most recent market bottom (23-Mar) by pure chance, yet I've never felt so bearish in my life about the direction of the market. I would be stunned if we don't go back below (to pick one set of indices) DOW 18591.
So, I'm planning to start buying again (hopefully not before next Monday, new ISA year) if/when we hit about 5-10% below that. If by some miracle 23-Mar was the actual bottom, then I guess er..good? My logic being that I'm trying to take my guesswork out of the equation and will just respond to what the market actually does instead of what seems foretold.
I'm talking 'boring' world trackers here by the way. How are you active guys doing? Making any killings? Anyone dare to buy commodities right now, or airlines?
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corto
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Post by corto on Apr 2, 2020 11:02:11 GMT
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corto
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Post by corto on Apr 2, 2020 11:12:06 GMT
Re active: SLP and SPDM worked (not a killing, but will cover p2p losses to come)
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