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Savings and Investments thread
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Unfortunately not, this is my first year of being disgustingly overpaid so dont have anything to transfer.golfaddick said:
Have you got any Cash ones you could transfer....?Huskaris said:I wish I had an ISA allowance leftover, I'd be maxing it out right now.
Great idea, thanks. Will do that.Rob7Lee said:Just open a general investment account and switch it in April.
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I'm thinking of cancelling my ISA from last week, under the 14 day cancellation and redoing either very shortly, or a bit later depending how the markets go.0
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Even if its within the 14 day cooling off period, if the value has fallen you will get its current value, not the amount you originally put in.Covered End said:I'm thinking of cancelling my ISA from last week, under the 14 day cancellation and redoing either very shortly, or a bit later depending how the markets go.0 -
Bums. (Thanks).golfaddick said:
Even if its within the 14 day cooling off period, if the value has fallen you will get its current value, not the amount you originally put in.Covered End said:I'm thinking of cancelling my ISA from last week, under the 14 day cancellation and redoing either very shortly, or a bit later depending how the markets go.0 -
Are you sure you're not being slightly economic with the truth?golfaddick said:
It's not years of gains that are being wiped out......the FTSE is today around where it was in Dec 2018 after if fell 12% in 3 months (remember that....probably not). Then last year those falls were more than made up. It will happen again. I dont know where or when this current downturn will correct itself but it will. In the short term 2 things will happen. 1) investors/traders will see a chance to make a profit (as a pp mentioned) and will start buying selected stocks. 2) We will soon be at the end of a quarter & like car dealers there will be some "squaring off" for their quarterly figures and so the market will rise.Fortune 82nd Minute said:FTSE down about another 270 points today as the youngsters in the City decide we are all doomed.
What really irks me is years worth of gains are wiped out in days.
Yes, I know the market will turn. But our fall today will probably drag the Dow lower tonight and so it goes on.
I have a funny feeling it will take years for the market to regain its previous high
FWIW. The FTSE100 had been moving between 7500-7700 since the New Year. Earlier today it was around 6500. My bet it that it will be above 7000 by the summer.......maybe sooner. And back to a range between 7200-7500 by the end of the year.
A quick look at the FTSE 100 stats on line shows that the last time the index was as low as it finished on Friday was 5 July 2016.1 -
True.Fortune 82nd Minute said:
Are you sure you're not being slightly economic with the truth?golfaddick said:
It's not years of gains that are being wiped out......the FTSE is today around where it was in Dec 2018 after if fell 12% in 3 months (remember that....probably not). Then last year those falls were more than made up. It will happen again. I dont know where or when this current downturn will correct itself but it will. In the short term 2 things will happen. 1) investors/traders will see a chance to make a profit (as a pp mentioned) and will start buying selected stocks. 2) We will soon be at the end of a quarter & like car dealers there will be some "squaring off" for their quarterly figures and so the market will rise.Fortune 82nd Minute said:FTSE down about another 270 points today as the youngsters in the City decide we are all doomed.
What really irks me is years worth of gains are wiped out in days.
Yes, I know the market will turn. But our fall today will probably drag the Dow lower tonight and so it goes on.
I have a funny feeling it will take years for the market to regain its previous high
FWIW. The FTSE100 had been moving between 7500-7700 since the New Year. Earlier today it was around 6500. My bet it that it will be above 7000 by the summer.......maybe sooner. And back to a range between 7200-7500 by the end of the year.
A quick look at the FTSE 100 stats on line shows that the last time the index was as low as it finished on Friday was 5 July 2016.0 -
It was 6685 on 24th Dec 2018 I believe so 'around' where it was when Golfie posted.0
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FTSE100 up 2.5% this morning......most other markets the same. Based on positive news from central banks.0
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and premium bonds tomorrow.....0
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aaaaand..lost most of the gain. Now up only 0.6%. Think markets have further to fall, central banks cannot protect supply chains.golfaddick said:FTSE100 up 2.5% this morning......most other markets the same. Based on positive news from central banks.0 - Sponsored links:
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Got the Apple stock at $280 this morning0
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Yes, I fear things will get worse before they get better.PragueAddick said:
aaaaand..lost most of the gain. Now up only 0.6%. Think markets have further to fall, central banks cannot protect supply chains.golfaddick said:FTSE100 up 2.5% this morning......most other markets the same. Based on positive news from central banks.0 -
Thanks for comments guys. But, as I said I took my Lloyds Final Salary pension as pension. The stocks/funds I hold are my historic personal investments and some of my 25% Tax free. However, I still hold about 45% of my overall funds in Cash. So I will have no need to sell out anytime soon.PragueAddick said:
That was my thought too, and quite high volatility stuff for a pension fund. Worth looking at that @RaplhMilne, although not a good time to sell anything, IMOgolfaddick said:
You must be very heavily weighted in equities. My pension fund has fallen around 5% this week, but I have around 30% in bonds/property.RaplhMilne said:Well taking a start point of about 3 weeks ago, my £170,000 stock/fund portfolio is now worth £154,000 so a 9.4% loss in days. I’m just glad I took my final salary pension as a pension. I couldn’t imagine sitting invested with drawdown and seeing near 10% wiped off my future in a few days.Will it come back, I expect some stocks will recover quickly. Others may take years. As a Former Lloyds employee, I am overweight in Lloyds which is helping drag me down.
Not sure when this "correction" will stop & things recover, but it will. As pp have said, the FTSE100 is not a good gauge of UK shares. Big companies like BP make up a large proportion of its value & I think about 6 or 7 shares make up 20% of the overall total.0 -
Central banks can pump up markets when only sentiment is driving them though. S&P up 4.6% today.golfaddick said:
Yes, I fear things will get worse before they get better.PragueAddick said:
aaaaand..lost most of the gain. Now up only 0.6%. Think markets have further to fall, central banks cannot protect supply chains.golfaddick said:FTSE100 up 2.5% this morning......most other markets the same. Based on positive news from central banks.
Unless anything untoward happens overnight/Asia opening, the FTSE should follow suit. There's usually one opportunity to get out during a crash ....
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That's one way of looking at it. On the other hand...:-)WishIdStayedinthePub said:
Central banks can pump up markets when only sentiment is driving them though. S&P up 4.6% today.golfaddick said:
Yes, I fear things will get worse before they get better.PragueAddick said:
aaaaand..lost most of the gain. Now up only 0.6%. Think markets have further to fall, central banks cannot protect supply chains.golfaddick said:FTSE100 up 2.5% this morning......most other markets the same. Based on positive news from central banks.
Unless anything untoward happens overnight/Asia opening, the FTSE should follow suit. There's usually one opportunity to get out during a crash ....
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Yep, pretty ugly!0
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Markets go up and down. Down is a chance to invest, up is a chance to cash in the profit. It's all good
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True, but far easier to gamble on getting right when your playing with other people’s money. An mistakes costs clients their savings not you. Surely for someone to win and make money, there has to be a a matching loser, who suffers.Rob7Lee said:Markets go up and down. Down is a chance to invest, up is a chance to cash in the profit. It's all goodAs a pure amateur I see the rises of today, as dead cat bounce. I think this will turn and plummet again. But, I’m not bold enough to sell out and accept the hit. Even though it feels the tight thing to do.2 -
You've only lost money if you cash now. At the moment its just numbers.2
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3 x £25 on Premium Bonds this morning...who knows, I may even find my number actually is in Valley Gold this week too!! 😉0
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A big fat zero this month from my PBs.0
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£25 for me and 3 x £25 for the missus. Better than a kick in the teeth and nearly makes up for my near 20k pension losses .....2
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Beers on you at half time Saturday then....😃LargeAddick said:£25 for me and 3 x £25 for the missus. Better than a kick in the teeth and nearly makes up for my near 20k pension losses .....0 -
2 x £25 for me. Hey ho
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Well update I am now down another £5000 to £149,000. This is heads up as to how quickly you can lose large sums in your investment.RaplhMilne said:Well taking a start point of about 3 weeks ago, my £170,000 stock/fund portfolio is now worth £154,000 so a 9.4% loss in days. I’m just glad I took my final salary pension as a pension. I couldn’t imagine sitting invested with drawdown and seeing near 10% wiped off my future in a few days.Will it come back, I expect some stocks will recover quickly. Others may take years. As a Former Lloyds employee, I am overweight in Lloyds which is helping drag me down.0 -
But look at it this way. Before the sell off most markets got to near record levels, taking your investments up that way too. And we were just discussing at that time that all the hot money has nowhere else to go, with such low interest rates. It might take a year or so, but they will come back.RaplhMilne said:
Well update I am now down another £5000 to £149,000. This is heads up as to how quickly you can lose large sums in your investment.RaplhMilne said:Well taking a start point of about 3 weeks ago, my £170,000 stock/fund portfolio is now worth £154,000 so a 9.4% loss in days. I’m just glad I took my final salary pension as a pension. I couldn’t imagine sitting invested with drawdown and seeing near 10% wiped off my future in a few days.Will it come back, I expect some stocks will recover quickly. Others may take years. As a Former Lloyds employee, I am overweight in Lloyds which is helping drag me down.
On top of that I was glad to read that you are actually 45% in cash overall. That puts you in a strong position compared with many. You could consider feeding a small amount of cash in, bit by bit, as i am doing. I choose a benchmark and then feed more in if the benchmark drops by another 3%, and repeat. Other people feed in a same amount each month, which has a similar benefit in less volatile times.
Then finally it does not sound like you need to cash your holdings any time soon, so I am sure in a year's time you'll feel a lot more sanguine.
Once the markets do recover though, I would think about reducing your overweight in Lloyds, since none of us mug punters should be overweight in any one equity.
You'll be OK...0 -
Market opens 2% up today.0
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Nowt for me, £25 for Mrs ...... I demand a re-draw!!0
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I do think this might be a sell the rallies market, not buy the dip, though.PragueAddick said:
But look at it this way. Before the sell off most markets got to near record levels, taking your investments up that way too. And we were just discussing at that time that all the hot money has nowhere else to go, with such low interest rates. It might take a year or so, but they will come back.RaplhMilne said:
Well update I am now down another £5000 to £149,000. This is heads up as to how quickly you can lose large sums in your investment.RaplhMilne said:Well taking a start point of about 3 weeks ago, my £170,000 stock/fund portfolio is now worth £154,000 so a 9.4% loss in days. I’m just glad I took my final salary pension as a pension. I couldn’t imagine sitting invested with drawdown and seeing near 10% wiped off my future in a few days.Will it come back, I expect some stocks will recover quickly. Others may take years. As a Former Lloyds employee, I am overweight in Lloyds which is helping drag me down.
On top of that I was glad to read that you are actually 45% in cash overall. That puts you in a strong position compared with many. You could consider feeding a small amount of cash in, bit by bit, as i am doing. I choose a benchmark and then feed more in if the benchmark drops by another 3%, and repeat. Other people feed in a same amount each month, which has a similar benefit in less volatile times.
Then finally it does not sound like you need to cash your holdings any time soon, so I am sure in a year's time you'll feel a lot more sanguine.
Once the markets do recover though, I would think about reducing your overweight in Lloyds, since none of us mug punters should be overweight in any one equity.
You'll be OK...0 -
3x £25 for me. The million pound winner £15.000. With a £25 winner 2018😂😂0
