r00lish67
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Post by r00lish67 on Mar 9, 2020 8:53:52 GMT
Have just made my first grab at catching the falling sword, a slice of VWRL purchased at £61.05. Nothing left to do but sit back, watch it collapse further, and then double-down on my losses. Next buying stop £55? edit: didn't take long - already down to £60, fun this, isn't it?
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Post by gravitykillz on Mar 9, 2020 8:57:45 GMT
Have just made my first grab at catching the falling sword, a slice of VWRL purchased at £61.05. Nothing left to do but sit back, watch it collapse further, and then double-down on my losses. Next buying stop £55? You purchased shares in the tracker that invests in major us companies eg apple,google etc. Wont the fees involved in buying take away any gains ? I'm with Hargreaves and I think they charge £16 to buy and sell.
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r00lish67
Member of DD Central
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Post by r00lish67 on Mar 9, 2020 9:01:43 GMT
Have just made my first grab at catching the falling sword, a slice of VWRL purchased at £61.05. Nothing left to do but sit back, watch it collapse further, and then double-down on my losses. Next buying stop £55? You purchased shares in the tracker that invests in major us companies eg apple,google etc. Wont the fees involved in buying take away any gains ? I'm with Hargreaves and I think they charge £16 to buy and sell. I'm with Halifax - £12.50 to trade I think, but I was buying 5 figures, so not really worth worrying about. Halifax is also only £12.50 a year to run, flat-rate, rather than a hefty percentage fee a la HL. Re: VWRL, it invests in everything proportionate to its value, that's kind of the point. Maybe Apple will collapse one day, but then I'll benefit from the 'inevitable' rise of Orange.
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easynow
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Popcorn anyone?
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Post by easynow on Mar 9, 2020 9:02:36 GMT
Have just made my first grab at catching the falling sword, a slice of VWRL purchased at £61.05. Nothing left to do but sit back, watch it collapse further, and then double-down on my losses. Next buying stop £55? You purchased shares in the tracker that invests in major us companies eg apple,google etc. Wont the fees involved in buying take away any gains ? I'm with Hargreaves and I think they charge £16 to buy and sell. £11.95 on the first 30 trades I believe.
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Post by gravitykillz on Mar 9, 2020 9:06:30 GMT
You purchased shares in the tracker that invests in major us companies eg apple,google etc. Wont the fees involved in buying take away any gains ? I'm with Hargreaves and I think they charge £16 to buy and sell. I'm with Halifax - £12.50 to trade I think, but I was buying 5 figures, so not really worth worrying about. Halifax is also only £12.50 a year to run, flat-rate, rather than a hefty percentage fee a la HL. Re: VWRL, it invests in everything proportionate to its value, that's kind of the point. Maybe Apple will collapse one day, but then I'll benefit from the 'inevitable' rise of Orange. Ok so you purchased 300-400 shares. It makes sense with that level of investment. Also good to diversify profits out of the p2p platforms at a decent price.
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 9, 2020 9:37:05 GMT
Even aviva is looking good!
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Post by dan1 on Mar 9, 2020 9:59:20 GMT
When do we reach wide scale liquidity issues in the equity markets?
I mention it because on glancing at VEVE I noted the buy price was £95 until the next update, it's "trending" at £45!
... awaits the wallstreet ETF doomongering
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r00lish67
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Post by r00lish67 on Mar 9, 2020 10:07:33 GMT
When do we reach wide scale liquidity issues in the equity markets? I mention it because on glancing at VEVE I noted the buy price was £95 until the next update, it's "trending" at £45! ... awaits the wallstreet ETF doomongering VEVE not one I'm familiar with, but looks like it's only traded at £55 ever, no? Surely the £95 is a blip or something. Ref: liquidity in general, I bow to those with more experience than I, but should that not be an issue for physical ETF's such as VWRL, and more of an issue for synthetic oddities?
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james100
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Post by james100 on Mar 9, 2020 10:21:31 GMT
I was looking over FTSE100 data since turn of century at the weekend. Based on daily closes, last Friday was a couple % below day 1 (4/1/2000), and would need to drop a further 45% from current price to meet the minimum on 12/3/2003. It got pretty close to that again exactly 11 years ago. Be careful out there falling knife-catchers.
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 9, 2020 12:02:13 GMT
This thread is looking very dated. Surely the investment question of the day is: Time to dump P2P and buy toilet rolls? I really think the time to buy toilet rolls is BEFORE you consider any dumping
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 9, 2020 12:22:59 GMT
... awaits the wallstreet ETF doomongering Afraid I've made my point clear on that topic already and am not going to be wasting keyboard time going over old ground. The FTSE100 index is down what, 20%-ish YTD ? Meanwhile my personal portfolios are down less than 10%. I remain fully invested and continue to make new acquisitions where appropriate. Give me a well managed portfolio over some dumb tracker any day of the week. Yes on balance I would have to agree. Just bitten the bullet and worked out my loss to date and it's 10.5%. I did sell some about two weeks ago to give me some ammunition, but I'm not going back in just yet; things are a little too spicy for me at present.
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r00lish67
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Post by r00lish67 on Mar 9, 2020 12:32:43 GMT
Ref: liquidity in general, I bow to those with more experience than I, but should that not be an issue for physical ETF's such as VWRL, and more of an issue for synthetic oddities? ETFs are mostly held by retail. As we know, retail is prone to panic selling. Put two and two together. If there's a liquidity problem with a physical-backed ETF tracker, wouldn't that just imply a liquidity problem with the shares it's constituted of? AIUI, if/when people decide to panic-sell VWRL, what happens is that the value of Apple, Microsoft, Google (and hundreds more) would all reduce in price proportionately. It would only be if we reached a liquidity problem with those constituent shares that there'd be an issue. Tell me if I'm wrong though. edit: and as a by-product, people like you will be buying up the 'good ones' and reinflating VWRL in doing so to some extent. edit2: No idea why you have to be so snipey about tracker funds. Sure, it's possible to do better, but why would pension trustees be using them if they weren't a reasonable risk-adjusted investment. They clearly work for many people who don't have the time/inclination/belief/mindset to actively invest.
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hazellend
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Post by hazellend on Mar 9, 2020 12:34:44 GMT
ETFs are mostly held by retail. As we know, retail is prone to panic selling. Put two and two together. If there's a liquidity problem with a physical-backed ETF tracker, wouldn't that just imply a liquidity problem with the shares it's constituted of? AIUI, if/when people decide to panic-sell VWRL, what happens is that the value of Apple, Microsoft, Google (and hundreds more) would all reduce in price proportionately. It would only be if we reached a liquidity problem with those constituent shares that there'd be an issue. Tell me if I'm wrong though. VWRL will hold up fine in a panic selling environment IMO.
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Post by wiseclerk on Mar 9, 2020 13:40:05 GMT
Surely the investment question of the day is: Time to dump P2P and buy toilet rolls?
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Post by Deleted on Mar 9, 2020 14:38:51 GMT
ETFs are mostly held by retail. As we know, retail is prone to panic selling. Put two and two together. If there's a liquidity problem with a physical-backed ETF tracker, wouldn't that just imply a liquidity problem with the shares it's constituted of? AIUI, if/when people decide to panic-sell VWRL, what happens is that the value of Apple, Microsoft, Google (and hundreds more) would all reduce in price proportionately. It would only be if we reached a liquidity problem with those constituent shares that there'd be an issue. Tell me if I'm wrong though. edit: and as a by-product, people like you will be buying up the 'good ones' and reinflating VWRL in doing so to some extent. edit2: No idea why you have to be so snipey about tracker funds. Sure, it's possible to do better, but why would pension trustees be using them if they weren't a reasonable risk-adjusted investment. They clearly work for many people who don't have the time/inclination/belief/mindset to actively invest. If you didn't sell you didn't make a profit or a loss, just screen money.
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