Attention: Please take a moment to consider our terms and conditions before posting.
Savings and Investments thread
Comments
-
So am I .........72280
-
Seems like the market wasn't that enamoured over the win last night - FTSE down almost 2% and back around the 7000 level once again.
Good job I've held off with my end of year prediction..3 -
👀kentaddick said:Looks like coinbase has bottomed out..0 -
@Rob7Lee
7350 for me please.
I am sure that it will go quite a lot higher than that during the 6 months, but I also think there will be a bump. Probably because the Johnson sorry, Delta variant refuses to co-operate, and inflation spooks markets. But as for the timing, that's a mug's game to guess. Overall I just feel that anything above the 14% annual increase for the whole year implied by that guess, won't reflect the likely overall state of the world. But that said, most of us are bunched in a very tight band again.1 -
Bump! well, a dip, anyway. Think I will go for a dip in the market today...0
-
Thanks for the heads up. I'm currently still stuck in the hospital waiting for my son to be discharged. Haven't really looked at the markets since last Wednesday & shocked to see it now around 6800 - a few of those who predicted it ending 2021 above 7500 might be rueing their figures now.PragueAddick said:Bump! well, a dip, anyway. Think I will go for a dip in the market today...
Looks like the markets have been spooked by the rises in Covid cases & Europe impacted by the flood damage & devastation. Insurers will be paying out millions.2 -
I follow two sets of analysts - some food for thought.
One focuses exclusively on US markets and has an excellent track record. They're pointing out that price is still holding up but 5 of their 9 indicators are now on sells (mainly options signals which are generally leading and reliable and breadth, which are neither unless you also have other indicators). Advice is wait for price to fall below January support levels before worrying.
The other outfit is right maybe 60% of the time, has been calling this dip for some time and holding to the idea that it's an opportunity to buy. Their view is that we're way too early in the tapering cycle to worry about inflation and that volatility from taper fears are opportunities to buy. They think that tapering is driving the market more than Covid fears in an increasingly post-vaccine world.
Personally, it's cost me way too much money trying to second guess markets in the last 3 years, so holding on to quality and will ride out any storms.2 -
Good luck with your son, Golfie, hope all under control.3
-
I'd be interested to understand what that means as a figure. I assume that they would be focusing on the S&P 500 rather than DOW 100? Right now S&P 500 is at 4268. Jan support level looks like it was 3714. If it got back there that would be a 13% drop. Quite hefty for us mug punters..WishIdStayedinthePub said:I follow two sets of analysts - some food for thought.
One focuses exclusively on US markets and has an excellent track record. They're pointing out that price is still holding up but 5 of their 9 indicators are now on sells (mainly options signals which are generally leading and reliable and breadth, which are neither unless you also have other indicators). Advice is wait for price to fall below January support levels before worrying.
The other outfit is right maybe 60% of the time, has been calling this dip for some time and holding to the idea that it's an opportunity to buy. Their view is that we're way too early in the tapering cycle to worry about inflation and that volatility from taper fears are opportunities to buy. They think that tapering is driving the market more than Covid fears in an increasingly post-vaccine world.
Personally, it's cost me way too much money trying to second guess markets in the last 3 years, so holding on to quality and will ride out any storms.
What does the other outfit mean by "tapering" if you would also be so kind..?0 -
Thank you & yes, it all now seems to be under control. Now just have to get used to counting carbs & converting it to units of insulin. Poor lad - has this for the rest of his life. Doctors say there is no rhyme nor reason for why the body just suddenly stops producing insulin for itself.WishIdStayedinthePub said:Good luck with your son, Golfie, hope all under control.0 - Sponsored links:
-
Yes, generally for US assume S&P. The guys I trust most are saying 4289 is the first support - looks like it's going to close below there today. Next is 4160 (June lows) and then 4060. If they hold, can still be in 'correction' territory. The other analysts are calling for a correction to 4125 and that this would be a buy.PragueAddick said:
I'd be interested to understand what that means as a figure. I assume that they would be focusing on the S&P 500 rather than DOW 100? Right now S&P 500 is at 4268. Jan support level looks like it was 3714. If it got back there that would be a 13% drop. Quite hefty for us mug punters..WishIdStayedinthePub said:I follow two sets of analysts - some food for thought.
One focuses exclusively on US markets and has an excellent track record. They're pointing out that price is still holding up but 5 of their 9 indicators are now on sells (mainly options signals which are generally leading and reliable and breadth, which are neither unless you also have other indicators). Advice is wait for price to fall below January support levels before worrying.
The other outfit is right maybe 60% of the time, has been calling this dip for some time and holding to the idea that it's an opportunity to buy. Their view is that we're way too early in the tapering cycle to worry about inflation and that volatility from taper fears are opportunities to buy. They think that tapering is driving the market more than Covid fears in an increasingly post-vaccine world.
Personally, it's cost me way too much money trying to second guess markets in the last 3 years, so holding on to quality and will ride out any storms.
What does the other outfit mean by "tapering" if you would also be so kind..?
The thing that bothers me about all that is that the FTSE has been so weak lately - will the US markets be catching up (US small caps are down similar to the FTSE) or drag us down even further?1 -
P.S. tapering is winding down the quantitative easing (aka money printing, bond purchases, choose your poison). That will be a first step before rate rises. Canada and New Zealand have already started, BoE considering it, FED and ECB talking about it.
Tapering has an immediate affect on asset prices by taking away liquidity but is also a sign of getting back to 'normal'. Hence the short term volatility, medium term buy the (large) dip theory.1 -
Can't complain at the timing, I have about £30k in my SIPP going back in tomorrow after taking some profit last month.0
-
The FTSE 100 was higher in year 2000 than it is now. That's why I don't invest more than say 10% of my portfolio there directly.1
-
mendonca said:The FTSE 100 was higher in year 2000 than it is now. That's why I don't invest more than say 10% of my portfolio there directly.
It depends when you pick your reference point. Overall trend is positive.
FTSE 250 is the best.
https://www.swanlowpark.co.uk/ftseannual
4 -
Golfie: I just downloaded an update on my preserved NatWest pension value and see that the lump sum and annual pension benefits have reduced slightly for the umpteenth consecutive year. I know that you are close to this fund and was wondering if you felt that seemed correct. I had the impression that the Fund was a reputable one and, on that basis, I would reasonably expect it to grow rather than contract. Any views? Should I be querying this with Willie Towers Watson? Thanks, Steve0
-
Presumably this can only reflect the element that you may have in AVCs and what fund(s) they are invested in as the rest would be linked to your salary (as was)? But perhaps not.meldrew66 said:Golfie: I just downloaded an update on my preserved NatWest pension value and see that the lump sum and annual pension benefits have reduced slightly for the umpteenth consecutive year. I know that you are close to this fund and was wondering if you felt that seemed correct. I had the impression that the Fund was a reputable one and, on that basis, I would reasonably expect it to grow rather than contract. Any views? Should I be querying this with Willie Towers Watson? Thanks, Steve0 -
First things first.meldrew66 said:Golfie: I just downloaded an update on my preserved NatWest pension value and see that the lump sum and annual pension benefits have reduced slightly for the umpteenth consecutive year. I know that you are close to this fund and was wondering if you felt that seemed correct. I had the impression that the Fund was a reputable one and, on that basis, I would reasonably expect it to grow rather than contract. Any views? Should I be querying this with Willie Towers Watson? Thanks, Steve
What type of pension is it ? A finaly salary one will not reduce year on year... ever. In fact it should increase annually due to RPI/CPI or whatever indexation measure the scheme has chosen.
Therefore, as a pp has suggested, is your pension a DC scheme or has an element of a "fund" within it, ie AVC's ?
If it is fund based do you have details of the fund(s) you are invested in. A DC scheme is only as good as the funds it invests in.
Finally, if you are simply looking at a figure that they are estimating at retirement, then it could quite simply be that the estimated returns they use have reduced (they use different %'s for different asset classes- so if all equity then they might use 4%, all bonds or cash then it could even be a negative return). Also the annuity rate might have reduced, so that the same fund would give you a lesser annual pension.
Unfortunately too many variables to give a clearer or concise answer.0 -
Thanks Golfie. I’ve sent you a pm suggesting a meet to discuss further if you are interested.0
-
wow, that will be one seriously depressing meeting ...meldrew66 said:Thanks Golfie. I’ve sent you a pm suggesting a meet to discuss further if you are interested.7 - Sponsored links:
-
Not sure if I have missed the deadline but if not 7355 please.0
-
Your in, still just over a week to goStrikerFirmani said:Not sure if I have missed the deadline but if not 7355 please.1 -
Rob7Lee said:
Your in, still just over a week to goStrikerFirmani said:Not sure if I have missed the deadline but if not 7355 please.
That being the case 7220 please1 -
Heres the comp so far, I;ve included the names her were in last time but are yet to submit a number;
Name Level No.1 in South London 6985 Thread Killer 7159 Addick Addick 7220 cafc7-6htfc 7228 Pedro45 7297 Morboe 7312 Daarrrzzettbum 7333 PragueAddick 7350 StrikerFirmani 7355 Bangkokaddick 7390 blackpool72 7400 RalphMilne 7415 Exiledin Manchester 7450 gunnessaddick 7458 Housty 7466 Hoof_it_up_to_benty 7495 CAFCWest 7501 Rob7Lee 7505 Covered End 7512 WishIdStayedInThe Pub 7544 Gary Poole 7574 CharltonKerry 7594 holyjo 7612 IdleHans 7634 LargeAddick 7647 valleynick66 7654 MrOneLung 7654 KentAddick 7676 fat man on a moped 7681 HardyAddick 7692 Lonelynorthernaddick 7700 bobmunro 7784 @TelMc32 Fortune 82nd Minute golfaddick meldrew66 Huskaris Salad thecat oohaahmortimer Er_Be_Ab_Pl_Wo_Wo_Ch CAFCsayer happy valley wwaddick 0 -
Bob Munro has cornered a full on Bull Market. Anything above he's got.
I wouldn't be upset if he wins, don't suppose any of us would be, unless one of you has shorted the ftse.0 -
Wouldn't be surprised if someone comes in at the death with 7785!StrikerFirmani said:Bob Munro has cornered a full on Bull Market. Anything above he's got.
I wouldn't be upset if he wins, don't suppose any of us would be, unless one of you has shorted the ftse.2 -
7340 please1
-
7375 for me.1
-
I've got no chance at 7505 with someone at 7501 and someone else at 7512, it's a slim margin!bobmunro said:
Wouldn't be surprised if someone comes in at the death with 7785!StrikerFirmani said:Bob Munro has cornered a full on Bull Market. Anything above he's got.
I wouldn't be upset if he wins, don't suppose any of us would be, unless one of you has shorted the ftse.0 -
7175 for me please1
