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Savings and Investments thread

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  • So, I have only seen the headlines but this Sunak geezer seems to be getting grudging plaudits from unlikely sources. Do we, finally, have an adult in the room?
  • So, I have only seen the headlines but this Sunak geezer seems to be getting grudging plaudits from unlikely sources. Do we, finally, have an adult in the room?
    The devil of course of what he announced will be in the detail. This will become clearer over the next few days as will the timescale and methods of delivery. Looks like a real administrative challenge to get the support to those who need it quickly. 
  • wwaddick said:

    Some commentary on the markets.
    Not my words I hasten to add.

    Conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were:

    China’s economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover.

    Global GDP growth rate will be the lowest in 30 years at around 2%.

    S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall.

    There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.

    In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudi’s are caught in the middle and do not want to further cede market share to Russia or the US.

    Technically the market generally has been looking for a reason to reset after the longest bull market in history.

    There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like ‪9/11‬ than it does like 2008.

    So at a time when we have major cities in the world on lockdown (and with no real knowledge when that will end), thousands dying, businesses across wide sectors facing annihilation and the world facing the biggest crisis any of us have ever experienced, the finance industry still says, keep buying, it will be fine, things will soon be back to normal! 
    The death toll associated with influenza in England in 2017/2018 was 26,408.
    Covid 19 related deaths in the whole of the UK is presently 55.    (just saying I know all the info).
    And of those Covid deaths most had underlying health issues and some would probably have died from the effects of normal flu.
  • So, I have only seen the headlines but this Sunak geezer seems to be getting grudging plaudits from unlikely sources. Do we, finally, have an adult in the room?
    Been very impressed with what I have heard, speaks well, makes sense, like a breath of fresh air. Future PM in my opinion.
  • WSSWSS
    edited March 2020
    Gutting to see the few quid i’ve put away for the boy is down by almost 10% now. Got another 15 years to go but hate that red.

    Tempted to take it out in cash but part of me wants to stick with it because of the time until access.

    I’m in with:

    L&G All Stocks Index - Linked Gilt
    Baillie Gifford Managed
    Barings Europe Select

    Was doing alright before this craziness!
  • WSS said:
    Gutting to see the few quid i’ve put away for the boy is down by almost 10% now. Got another 15 years to go but hate that red.

    Tempted to take it out in cash but part of me wants to stick with it because of the time until access.

    I’m in with:

    L&G All Stocks Index - Linked Gilt
    Baillie Gifford Managed
    Barings Europe Select

    Was doing alright before this craziness!
    Just keep trickling it in, today you are buying units and getting 35% more or there abouts for your cash.
  • My pension plan has been decimated - a disaster for many.
  • Down 55% in a month.  Darn.  May as well leave it in there and hope for a recovery. 

    Frankly it is only money I was unlikely to want to access any time soon and there are people in a far crappier position than I so what will be will be.  Going to cheer myself up by signing up to our local group whom are assisting those self isolating or elderly, money does not buy you that sort of feeling of doing good.
  • Down 55% in a month.  Darn.  May as well leave it in there and hope for a recovery. 

    Frankly it is only money I was unlikely to want to access any time soon and there are people in a far crappier position than I so what will be will be.  Going to cheer myself up by signing up to our local group whom are assisting those self isolating or elderly, money does not buy you that sort of feeling of doing good.
    My pension fund being decimated will ruin my retirement and I suppose I have to accept that. We need to get through the next few months as best we can.
  • WSS said:
    Gutting to see the few quid i’ve put away for the boy is down by almost 10% now. Got another 15 years to go but hate that red.

    Tempted to take it out in cash but part of me wants to stick with it because of the time until access.

    I’m in with:

    L&G All Stocks Index - Linked Gilt
    Baillie Gifford Managed
    Barings Europe Select

    Was doing alright before this craziness!
    Bit of an odd mix of funds, but at least they are pretty decent ones.

    Any particular reason why you chose just those 3  ?
  • Sponsored links:


  • WSS said:
    Gutting to see the few quid i’ve put away for the boy is down by almost 10% now. Got another 15 years to go but hate that red.

    Tempted to take it out in cash but part of me wants to stick with it because of the time until access.

    I’m in with:

    L&G All Stocks Index - Linked Gilt
    Baillie Gifford Managed
    Barings Europe Select

    Was doing alright before this craziness!
    Bit of an odd mix of funds, but at least they are pretty decent ones.

    Any particular reason why you chose just those 3  ?
    No reason at all...

    I think two of them were “recommended” on the HL platform. No rhyme or reason though!

  • edited March 2020
    Hi, all. I read this thread with interest (Get it?).

    I've invested in Green / Ecology funds (as an ISA) for some while. I have never had reason to withdraw my funds, but I got the jitters at the weekend and exited yesterday. Recent losses were reduced (a bit) from an 'Up' at yesterday's Noon pricing point. 
    Cash Is King, they say...but with interest rates being as they are, it's a Tres Petit Roi. I intend to keep watch and, at some stage, to reinvest. 

    I appreciate that some recommend 'Staying in during the dark', but this crisis is global and the light may not return for some time. My take on things would appear to be similar to that of @Fortune 82nd Minute and @hoof_it_up_to_benty

    Those who know me will know that I am no fan of Trump.
    I agree with much that this chap has to say.


  • Hard to put a positive spin on this right now but I'm going to try (for the record, 31% down, so I am feeling the pain). 

    If the government has its strategy right, we are building up a herd immunity.  Which means that this will peak and then we should be be able to handle it when it comes back in the autumn.  If that peak happens in the next couple of months, a lot of damage will have been done but there will also have been a massive fiscal and monetary splurge plus very low oil prices.  So, I really think we will be looking at a fairly rapid recovery, nothing like 2008.  But that could take a year to 18 months, not this summer.
  • edited March 2020
    Hi, all. I read this thread with interest (Get it?).

    I've invested in Green / Ecology funds (as an ISA) for some while. I have never had reason to withdraw my funds, but I got the jitters at the weekend and exited yesterday. Recent losses were reduced (a bit) from an 'Up' at yesterday's Noon pricing point. 
    Cash Is King, they say...but with interest rates being as they are, it's a Tres Petit Roi. I intend to keep watch and, at some stage, to reinvest. 

    I appreciate that some recommend 'Staying in during the dark', but this crisis is global and the light may not return for some time. My take on things would appear to be similar to that of @Fortune 82nd Minute and @hoof_it_up_to_benty

    Those who know me will know that I am no fan of Trump.
    I agree with much that this chap has to say.


    Sorry mate, but you've effectively sold at the bottom of the market (or close to it) and are now waiting for it to go up before reinvesting. You do know you are supposed to buy low & sell high, not sell low & buy high. 

    I realise no-one can say where the top or bottom of the market is.........but you have just crystallised your losses, which based on January's FTSE level of c7500 is about a 33% drop. 




  • Down 55% in a month.  Darn.  May as well leave it in there and hope for a recovery. 

    Frankly it is only money I was unlikely to want to access any time soon and there are people in a far crappier position than I so what will be will be.  Going to cheer myself up by signing up to our local group whom are assisting those self isolating or elderly, money does not buy you that sort of feeling of doing good.
    My pension fund being decimated will ruin my retirement and I suppose I have to accept that. We need to get through the next few months as best we can.
    Same here mate. Was planning to retire next year and had worked out how much my wife and I could take from our pensions and how long our pension monies would last. Now that is in serious doubt. I can see myself having to continue working full time for another two or three years whilst waiting for our pension funds to make a recovery.

    It’s a shame for us and it’s a shame for someone else who would have got a job out of it.

    Should the Government be recompensing us, at least in part? This is an unprecedented event and as such ‘none of my fault’? 
  • Thanks for the top tip. Simpletons, eh?

  • I'm starting to get Covid -related emails from P2P companies...the most worrying one is from Growth Street which fortunately I got out of a year ago, and P2P is now a very small part of my holdings. Be warned, if anyone still has money there.
  • Hi, all. I read this thread with interest (Get it?).

    I've invested in Green / Ecology funds (as an ISA) for some while. I have never had reason to withdraw my funds, but I got the jitters at the weekend and exited yesterday. Recent losses were reduced (a bit) from an 'Up' at yesterday's Noon pricing point. 
    Cash Is King, they say...but with interest rates being as they are, it's a Tres Petit Roi. I intend to keep watch and, at some stage, to reinvest. 

    I appreciate that some recommend 'Staying in during the dark', but this crisis is global and the light may not return for some time. My take on things would appear to be similar to that of @Fortune 82nd Minute and @hoof_it_up_to_benty

    Those who know me will know that I am no fan of Trump.
    I agree with much that this chap has to say.


    Sorry mate, but you've effectively sold at the bottom of the market (or close to it) and are now waiting for it to go up before reinvesting. You do know you are supposed to buy low & sell high, not sell low & buy high. 

    I realise no-one can say where the top or bottom of the market is.........but you have just crystallised your losses, which based on January's FTSE level of c7500 is about a 33% drop. 




    Agreed, without knowing the fund details one can't say for sure, but on the face of it you've done precisely the wrong thing. Unless of course you need all the funds in the next year, in which case unfortunately, it would likely have been better to cash out a month ago.

    Generally speaking now is the time to buy, not sell.

    NB, As far as I'm aware Donald Trump did not cause Covid 19.
  • Down 55% in a month.  Darn.  May as well leave it in there and hope for a recovery. 

    Frankly it is only money I was unlikely to want to access any time soon and there are people in a far crappier position than I so what will be will be.  Going to cheer myself up by signing up to our local group whom are assisting those self isolating or elderly, money does not buy you that sort of feeling of doing good.
    My pension fund being decimated will ruin my retirement and I suppose I have to accept that. We need to get through the next few months as best we can.
    Same here mate. Was planning to retire next year and had worked out how much my wife and I could take from our pensions and how long our pension monies would last. Now that is in serious doubt. I can see myself having to continue working full time for another two or three years whilst waiting for our pension funds to make a recovery.

    It’s a shame for us and it’s a shame for someone else who would have got a job out of it.

    Should the Government be recompensing us, at least in part? This is an unprecedented event and as such ‘none of my fault’? 
    The government will not be compensating for stockmarket falls.
  • Down 55% in a month.  Darn.  May as well leave it in there and hope for a recovery. 

    Frankly it is only money I was unlikely to want to access any time soon and there are people in a far crappier position than I so what will be will be.  Going to cheer myself up by signing up to our local group whom are assisting those self isolating or elderly, money does not buy you that sort of feeling of doing good.
    My pension fund being decimated will ruin my retirement and I suppose I have to accept that. We need to get through the next few months as best we can.
    Same here mate. Was planning to retire next year and had worked out how much my wife and I could take from our pensions and how long our pension monies would last. Now that is in serious doubt. I can see myself having to continue working full time for another two or three years whilst waiting for our pension funds to make a recovery.

    It’s a shame for us and it’s a shame for someone else who would have got a job out of it.

    Should the Government be recompensing us, at least in part? This is an unprecedented event and as such ‘none of my fault’? 
    The government will not be compensating for stockmarket falls.
    Are they Not?
    With all this funding are they not helping to stop the markets crashing
  • Sponsored links:


  • Hi, all. I read this thread with interest (Get it?).

    I've invested in Green / Ecology funds (as an ISA) for some while. I have never had reason to withdraw my funds, but I got the jitters at the weekend and exited yesterday. Recent losses were reduced (a bit) from an 'Up' at yesterday's Noon pricing point. 
    Cash Is King, they say...but with interest rates being as they are, it's a Tres Petit Roi. I intend to keep watch and, at some stage, to reinvest. 

    I appreciate that some recommend 'Staying in during the dark', but this crisis is global and the light may not return for some time. My take on things would appear to be similar to that of @Fortune 82nd Minute and @hoof_it_up_to_benty

    Those who know me will know that I am no fan of Trump.
    I agree with much that this chap has to say.


    Sorry mate, but you've effectively sold at the bottom of the market (or close to it) and are now waiting for it to go up before reinvesting. You do know you are supposed to buy low & sell high, not sell low & buy high. 

    I realise no-one can say where the top or bottom of the market is.........but you have just crystallised your losses, which based on January's FTSE level of c7500 is about a 33% drop. 




    Agreed, without knowing the fund details one can't say for sure, but on the face of it you've done precisely the wrong thing. Unless of course you need all the funds in the next year, in which case unfortunately, it would likely have been better to cash out a month ago.

    Generally speaking now is the time to buy, not sell.

    NB, As far as I'm aware Donald Trump did not cause Covid 19.
    My wife used to work for a banks Unit Trust division some years back, it was so common that people would panic and sell when the market went down, wait until it went back up and reinvest. Bonkers.
  • @Anna_Kissed

    Lord, I hope you haven't sold because of my ramblings.

    To be clear, I shan't be selling - I'm lucky and can sit this out. The point I've been trying to make is I have a horrible feeling we will be sitting this out for a long time - I just don't understand how anyone can think this is going to blow over quickly.

  • On a separate note, I'm now of the opinion consideration should be given to shutting the markets for 3 months.

    These huge, daily falls are doing no-one any good. They are wrecking company share prices - for example, Shell now well under £10 at £9.16 is unbelievable - and causing great concern. And all this at a time when no-one knows how the crisis is going to play out. 

    Let's see where we are in 3 months time and take it from there, whether good or bad.

      
  • On a separate note, I'm now of the opinion consideration should be given to shutting the markets for 3 months.

    These huge, daily falls are doing no-one any good. They are wrecking company share prices - for example, Shell now well under £10 at £9.16 is unbelievable - and causing great concern. And all this at a time when no-one knows how the crisis is going to play out. 

    Let's see where we are in 3 months time and take it from there, whether good or bad.

      
    The crisis will play out with a vaccine being developed and the world economies growing again from a much lower point.
    The markets will rebound although it is true no one knows when.
    But they will definitely rebound when we have a vaccine, which I expect to be within 12 months and hopefully within 6 months.

    I believe there are already vaccines but they are presently being tested and the trials will obviously need to be over a fair old period.
  • On a separate note, I'm now of the opinion consideration should be given to shutting the markets for 3 months.

    These huge, daily falls are doing no-one any good. They are wrecking company share prices - for example, Shell now well under £10 at £9.16 is unbelievable - and causing great concern. And all this at a time when no-one knows how the crisis is going to play out. 

    Let's see where we are in 3 months time and take it from there, whether good or bad.

      
    The crisis will play out with a vaccine being developed and the world economies growing again from a much lower point.
    The markets will rebound although it is true no one knows when.
    But they will definitely rebound when we have a vaccine, which I expect to be within 12 months and hopefully within 6 months.

    I believe there are already vaccines but they are presently being tested and the trials will obviously need to be over a fair old period.
    Lord I hope you're right about the vaccine. Time will tell I guess. 
  • I thought I heard yesterday that a vacine is at least 12 months away.....probably near to 18. I expect countries will be competing against each other to be the first one so might be within 12 months.....but I dont think it will be any time soon. 
  • So 60% down on the market and now being targeted by fraudsters on both my credit and debit cards - there are some wankers in this world.  Jees.
  • Good time to read up on the effects of 'The Great Depression' - if countries round the world fail to get a grip on the virus we will be heading there.




  • Ftse coming in 200 odd down 
    more on moron 
    catch that falling stone 
  • Rob7Lee said:
    Hi, all. I read this thread with interest (Get it?).

    I've invested in Green / Ecology funds (as an ISA) for some while. I have never had reason to withdraw my funds, but I got the jitters at the weekend and exited yesterday. Recent losses were reduced (a bit) from an 'Up' at yesterday's Noon pricing point. 
    Cash Is King, they say...but with interest rates being as they are, it's a Tres Petit Roi. I intend to keep watch and, at some stage, to reinvest. 

    I appreciate that some recommend 'Staying in during the dark', but this crisis is global and the light may not return for some time. My take on things would appear to be similar to that of @Fortune 82nd Minute and @hoof_it_up_to_benty

    Those who know me will know that I am no fan of Trump.
    I agree with much that this chap has to say.


    Sorry mate, but you've effectively sold at the bottom of the market (or close to it) and are now waiting for it to go up before reinvesting. You do know you are supposed to buy low & sell high, not sell low & buy high. 

    I realise no-one can say where the top or bottom of the market is.........but you have just crystallised your losses, which based on January's FTSE level of c7500 is about a 33% drop. 




    Agreed, without knowing the fund details one can't say for sure, but on the face of it you've done precisely the wrong thing. Unless of course you need all the funds in the next year, in which case unfortunately, it would likely have been better to cash out a month ago.

    Generally speaking now is the time to buy, not sell.

    NB, As far as I'm aware Donald Trump did not cause Covid 19.
    My wife used to work for a banks Unit Trust division some years back, it was so common that people would panic and sell when the market went down, wait until it went back up and reinvest. Bonkers.
    You say that but it’s better to be buying in a bull market that’s going up than trying to bottom pick in a bear market that isn’t .
    There’ll be plenty who would have sold from 7.5k to 6k on the ftse and are laughing now it’s sub 5k 
    how long before it gets back to 6k and is a bull market when they can get back in .
    Even selling at 5k and re entering at 6k when everything is calmer may be a better play than buying at 6k , 5.5k and 5k when potentially the purchasers gonna feel the pinch when it’s 4.5k or 4k .
    Deep , deep pockets required to play the long game and obviously there’s more than one way to skin a cat .
    (obviously using ftse prices as an example of how batshit crazy the markets can be ) 
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