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Savings and Investments thread
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Even the pharma companies that are involved in Covid trials were hit yesterday, it was a red bloodbath, conversely mining stocks doing well. So many factors and unknowns are spooking global markets, it’s definitely hold your nerve time and perhaps buy a few more at rock bottom prices. Keep safe & strong all.1
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Any stocks/funds people can recommend right now? Just opened up an Interactive Brokers account
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I think hedge funds are having a field day with panicked investors who will sell rather too easily.Daarrzzetbum said:Even the pharma companies that are involved in Covid trials were hit yesterday, it was a red bloodbath, conversely mining stocks doing well. So many factors and unknowns are spooking global markets, it’s definitely hold your nerve time and perhaps buy a few more at rock bottom prices. Keep safe & strong all.1 -
Excuse my slightly cynical chuckle!golfaddick said:
Yes, this week has seen most markets fall by 6% -7%. Not sure where it will end, but if you hold your nerve then things will look better soon.mendonca said:Stock markets looking like a potential blood bath to me. Going to profit take a bit more than I did last week (luckily enough) as the US lack of stimulus package, alongside election aswell as European lockdown measures will ruin the gains from past few months.
If I was to look back at this thread there would be a number of posts from you back in about March time saying markets would be back to their January levels by September!
You know your onions - no doubt about that - but nobody can have any real idea where this market is going in these unprecedented times.2 -
There is of course a predictor running on here which ends 31Jan. A lot of entrants this time, with quite a few bunched around 6400 on the FTSE100 , including me. I would still be confident of making that ground up, even though it means almost 20% on current levels. I am just not convinced that FTSE100 index is the best general benchmark any more, at any time.0
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The lack of technology stocks in the FTSE holds it back - a lot of the companies in it have limited potential for growth.PragueAddick said:There is of course a predictor running on here which ends 31Jan. A lot of entrants this time, with quite a few bunched around 6400 on the FTSE100 , including me. I would still be confident of making that ground up, even though it means almost 20% on current levels. I am just not convinced that FTSE100 index is the best general benchmark any more, at any time.1 -
A friend makes horror movies and has just had his first big hit with a one based on a Zoom seance.
I've told him to look at my portfolio for inspiration for his next film.4 -
I've based my portfolio around Golfie's advice as I'm quite sure it's well founded, but I have noticed a strangely more positive outlook on economic performance than on Charlton 😅Fortune 82nd Minute said:
Excuse my slightly cynical chuckle!golfaddick said:
Yes, this week has seen most markets fall by 6% -7%. Not sure where it will end, but if you hold your nerve then things will look better soon.mendonca said:Stock markets looking like a potential blood bath to me. Going to profit take a bit more than I did last week (luckily enough) as the US lack of stimulus package, alongside election aswell as European lockdown measures will ruin the gains from past few months.
If I was to look back at this thread there would be a number of posts from you back in about March time saying markets would be back to their January levels by September!
You know your onions - no doubt about that - but nobody can have any real idea where this market is going in these unprecedented times.2 -
Has anyone by chance come across Degiro, an online trading platform based and regulated in the Netherlands? I keep scouring for an online platform that I can invest in with euros as the currency, and this is one that came up, with low trading fees. The interface is better than Keytrade, the Luxembourg one which I set up for my wife, and although it does not seem to have any of my favourite funds it does at least have Vanguard funds, which will do just fine at this time>
In case the name rings a bell with anyone, positive or otherwise, I'll welcome any headsup.0 -
Have been pretty shocked by the market swings on AIM - seems incredibly easy to manipulate prices. Seems a massive degree of risk although considerable profits can be made.
Not good for your nerves.0 - Sponsored links:
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Had a look at Degiro a while back. Definitely attractive when looking at their fees, but discovered that the security of funds is only $20k, wheres its up at $250k with someone like IB. This was last year so might have changed but worth confirming. Never ended up using them as they want EU residents only.PragueAddick said:Has anyone by chance come across Degiro, an online trading platform based and regulated in the Netherlands? I keep scouring for an online platform that I can invest in with euros as the currency, and this is one that came up, with low trading fees. The interface is better than Keytrade, the Luxembourg one which I set up for my wife, and although it does not seem to have any of my favourite funds it does at least have Vanguard funds, which will do just fine at this time>
In case the name rings a bell with anyone, positive or otherwise, I'll welcome any headsup.
This might be worth a read too https://thepoorswiss.com/degiro-vs-interactive-brokers-european-portfolio/?fbclid=IwAR3pAMs7YK48M1ff-gB1_JjtchNOkzFQPO4Utc-A5ynUxRKVka8ROeHKhY8#Conclusion_European_Investor
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Close of business 31st December.PragueAddick said:There is of course a predictor running on here which ends 31Jan. A lot of entrants this time, with quite a few bunched around 6400 on the FTSE100 , including me. I would still be confident of making that ground up, even though it means almost 20% on current levels. I am just not convinced that FTSE100 index is the best general benchmark any more, at any time.0 -
Apologies, typo.Covered End said:
Close of business 31st December.PragueAddick said:There is of course a predictor running on here which ends 31Jan. A lot of entrants this time, with quite a few bunched around 6400 on the FTSE100 , including me. I would still be confident of making that ground up, even though it means almost 20% on current levels. I am just not convinced that FTSE100 index is the best general benchmark any more, at any time.0 -
Markets are but calmer today. I think my FTSE closing figure of 6666 is now a tad optimistic & think that it will be more in the range of 6000-6200.
However, a vaccine IS on the way & although it will probably be widely available in the Spring rather than before xmas, it should he a turning point & once it is amongst the general public & the economy has restarted then the markets can start to recover to close to where they were at the start of this year.
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It's funny how Golfie is optimistic about the economy and has faith in the markets whatever the situation, whereas in football matters he is so pessimistic.
I see things getting far far worse in the immediate future with no daylight in sight
regarding investments and I don't even want to look at them.
A vaccine is not on the way. You need to stop believing the TV. A few months ago you were believing in promises for this December! My bet is that a vaccine won't be available until the middle of 2022, and even then we we still be in the shit for ages. Look at other diseases: vaccines do not mean eradication.2 -
Indeed they don't & the initial take up wont be as high as it should be. But there are many vaccines going through clinical trials at the moment with a few on the last stages of testing. Once they have passed & have been licensed then it will be down to herd immunity to mitigate the spread of the virus. We are not out of the woods by a long shot but I think we can see the sunny uplands over the horizon......🙂jimmymelrose said:It's funny how Golfie is optimistic about the economy and has faith in the markets whatever the situation, whereas in football matters he is so pessimistic.
I see things getting far far worse in the immediate future with no daylight in sight
regarding investments and I don't even want to look at them.
A vaccine is not on the way. You need to stop believing the TV. A few months ago you were believing in promises for this December! My bet is that a vaccine won't be available until the middle of 2022, and even then we we still be in the shit for ages. Look at other diseases: vaccines do not mean eradication.
Now if you can just get Macron to drop his demands for fish quotas we might get somewhere to agreeing a trade deal.1 -
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This isn’t the Covid thread chaps ...0
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You might have missed the memo back in March that sent world stockmarkets plummeting & which has not seen the UK one recover. I think it was headed "Covid-19 shuts down world economies"....LargeAddick said:This isn’t the Covid thread chaps ...3 -
TelMc32 5960PragueAddick said:Right then here we go. I've gone for 6450, this time we have 24 punters and one IFA, all trying to beat the chimpanzees. The average, (consensus?) comes out at 6379, median almost the same at 6397. Here's the list, optimists first. I've got them in a spread so if anyone sees a mistake, do please shout.bobmunro
7395
Mronelung
7200
gunnessaddick
6969
LargeAddick
6899
Huskaris
6825
meldrew66
6789
Daarrrzzettbum
6750
Covered End
6700
golfaddick
6666
CharltonKerry
6649
PragueAddick
6450
Rob7Lee
6420
RalphMilne
6397
Exiledin Manchester
6320
happy valley
6299
blackpool72
6255
StrikerFirmani
6250
WishIdStayedInThe Pub
6232
wwaddick
6013
HardyAddick
5950
CAFCsayer
5948
Salad
5897
oohaahmortimer
5750
Gary Poole
5450
5000
Fortune 82nd Minute 5980
Closed 5582 Last night1 - Sponsored links:
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Mostly optimists weren't we!
At this level i'm buying UK again.0 -
I’ve always been a naive optimist, 6750 is a long way away, currently 5560 Oct 30th 0857 hr’s 😳😳0
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Can I cash out?
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So I shouldn't panic sell my 10 Zynex shares just yet?
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I have around £5000 in cash sitting in my HL SIPP that I want to invest in a fund. Any suggestions for funds that might be worth a punt in the current market??0
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Quite a few recommended on here previously! Bailie Gifford Global discovery, Fidelity global healthcare, Allianz Continental European, Baillue Gifford American...was thinking maybe UK fund(s) to hope to get reasonably priced and hope for post recovery growth!Rob7Lee said:
Before Golfie arrives, it'll partly depend how much and what other funds you are invested in?cafc-west said:I have around £5000 in cash sitting in my HL SIPP that I want to invest in a fund. Any suggestions for funds that might be worth a punt in the current market??0 -
All depends what % the £5k is in relation to the rest of your portfolio & what else you are invested in - eg, are you overweight/ underweight in any particular asset class or geographical economy.
All things being equal then UK equities imo are still worth a punt. Most other stockmarkets have come back from the March fallout but the UK is still down by around 25%. A few fund houses disagree & think that Asia & Emerging markets is the place to go.2 -
Thanks @g@golfaddick - it’s less than 5% of overall SIPP and I have other pensions and investments so willing to be a bit riskier - my other investments in global or US funds - and as UK generally low still thought might be worth a punt...golfaddick said:All depends what % the £5k is in relation to the rest of your portfolio & what else you are invested in - eg, are you overweight/ underweight in any particular asset class or geographical economy.
All things being equal then UK equities imo are still worth a punt. Most other stockmarkets have come back from the March fallout but the UK is still down by around 25%. A few fund houses disagree & think that Asia & Emerging markets is the place to go.0 -
Don't forget, premium bond day tomorrow.1
