The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
Rags share price dropped a fair bit today apparently.
Might be a good time to buy in the dip :)
 
manchester blue said:
Absolutely nothing to do with him. I know it’s the FTSE topic but it’s widely regarded as investment topic worldwide and practically every market has bombed today.

Stick to the politics forum for your issues with the PM and I’ll save my thoughts on where it would be with the Corbyn/Abbott dream team ;)
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I don’t have much exposure to UK equities and have seen yet another sharp fall today. I’ve become very passive about it all given how bad things have been but do wonder what is behind today’s dip
 
journolud said:
I don’t have much exposure to UK equities and have seen yet another sharp fall today. I’ve become very passive about it all given how bad things have been but do wonder what is behind today’s dip
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S&P down 4% today. Staggering. Year low.
 
I have had a great run on shares last 3 years through total luck and a few good gut feels. think it has run out. Bought Boo Hoo shares at scale 3 days ago! Down 20 percent since.
 
Tumbling today after Base Rate rise to 1.25%. Could end up 2% before the end of the year, and I wonder how long until it starts knocking about 6% again? The housing market set to decline, and a lot of people fucked in about 4 years time, especially the Help to Buy equity loan mob.
 
Corky said:
Tumbling today after Base Rate rise to 1.25%. Could end up 2% before the end of the year, and I wonder how long until it starts knocking about 6% again? The housing market set to decline, and a lot of people fucked in about 4 years time, especially the Help to Buy equity loan mob.
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Girl in work was looking at houses yesterday. She has been talking to the agents and they are confident they can sell her house within a few days. So housing market still crazy.

Interest rates are heading steadily up so at some point it will have to bite.
 
Gaudion M said:
Girl in work was looking at houses yesterday. She has been talking to the agents and they are confident they can sell her house within a few days. So housing market still crazy.

Interest rates are heading steadily up so at some point it will have to bite.
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Yeah, demand is still unbelievable and prices still rising it seems. If it is 1.75% in 12 weeks then a different story.
 
Corky said:
Tumbling today after Base Rate rise to 1.25%. Could end up 2% before the end of the year, and I wonder how long until it starts knocking about 6% again? The housing market set to decline, and a lot of people fucked in about 4 years time, especially the Help to Buy equity loan mob.
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We fixed at 2.15 with Nationwide for ten years during COVID.

I don't think we will regret that decision unless we need to pay off mortgage in its entirety.

And if we can do that, we can afford to take the redemption penalty I dare say.
 
My bank shares have been hammered today. Genuinely thought they were really in for a good run this morning as they were up over 4% in the US yesterday evening.
 
Gaudion M said:
I guess in the overall scheme of things 1% extra interest is not a big deal for mortgage borrowers.
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It could be £200 a month on top of rising bill elsewhere, the majority can absorb that buy there are borderline households whose equity loan fees will kick it at the same time they need to re-mortgage after 5 years.
tolmie's hairdoo said:
We fixed at 2.15 with Nationwide for ten years during COVID.

I don't think we will regret that decision unless we need to pay off mortgage in its entirety.

And if we can do that, we can afford to take the redemption penalty I dare say.
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Looking prudent now in my opinion. Toyed with getting a new 5 year under 1% but had to pay 3% to do it plus fees so it would have cost me more over the remaining 3 years, now I wish I had done it as it is double.
 
Got some money in Scottish Widows supposed to last me till pensions kick in in May 25 dropping like a stone at the moment.
 
tolmie's hairdoo said:
Why the fuck you went near Boo-Hoo is beyond me?

They are drowning, as is fast fashion in general as people become more eco aware.
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Down again ten percent plus today! It’s become a long term recovery share now. I went from 90p a share to 218p on RBS on fifteen times what I went in on boo hoo so a bit of pain this last week but in the scheme of things nothing! Yes I must have been a bit mad but thought I was buying a dip. Holding now on that one for a few years and will see. Only a loss if you need to sell. Time will tell. Been buying a lot of items - gold, silver and antiques during this period of inflation as a hedge. Sold some properties but my borrowings are about to get a lot more expensive as a few fixed rates coming to an end! Life’s a juggle.
 
Corky said:
Tumbling today after Base Rate rise to 1.25%. Could end up 2% before the end of the year, and I wonder how long until it starts knocking about 6% again? The housing market set to decline, and a lot of people fucked in about 4 years time, especially the Help to Buy equity loan mob.
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When there's a recession, the interest rates are actually likely to reduce.
 
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