The FTSE

Discussion in 'Off Topic' started by worsleyweb, 6 Mar 2020.

  1. journolud

    journolud

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    I've stopped checking mine, works very well to relieve anxiety ike when I stopped watching the dippers half way through the season. I have a bit, but not too much, that I could use to have a punt on something while prices are low but have decided to keep that where it is as a cash reserve in case I can't work or to pay for a nice holiday once this is all over.
     
  2. Wafty Cranker

    Wafty Cranker

    Joined:
    31 Mar 2006
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    If it was RD Shell, that's not a bad punt in my opinion. Massive dividend yield, a strong balance sheet, and I noticed one of the non-exec Directors topped up his holding by 10,000 shares on Monday. Only small change for him I know but I'm taking it a positive sign.
     
  3. west didsblue

    west didsblue

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    Yes it was RDS.
     
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  4. tolmie's hairdoo

    tolmie's hairdoo

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    It will be completely 'broken' within a month.

    Just like Thomas Cook, they have terrible cash flow and the government aren't bailing out any business that was already on its arse.

    Same goes for Intu.

    I have knowledge of JD Sports. Don't touch em, can't get the shoes from China and highly leveraged buying other sports shops in the States.
     
  5. Blue Llama

    Blue Llama

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    Unfortunately for a pandemic vaccine it will be free use to manufacture and not licensed under a patent. So not much by way of big profits.
     
  6. Only in for 2 or the price of a good holiday that we sadly cannot now enjoy so either way it was spent money. Hard to draw analogies as I think T.C had more issues with debt they incurred during the acquisition of My Travel. A bridge too far for them most surely. Assets to liabilities of tui and easy jet don't look anywhere near appealing mate but that's typical of the sector. Have a look at their last 5 year chart happily bobbing along the £10 mark with highs of £17. We like holidaying and believe the sector will eventualy recover but regardless of the pace sub £3.00 is a great entry point. As always Dyor.
     
    Last edited: 19 Mar 2020
  7. Wafty Cranker

    Wafty Cranker

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    Really strong day today for the FTSE 100. Up 452 points to 5,446.
     
  8. Crouchinho

    Crouchinho

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    I've got my dosh in mutual funds. Would anyone recommend waiting a bit longer to slam more money in or buy right now?
     
  9. manchester blue

    manchester blue

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    @flyer thanks for posting. I’m in the process of transferring out. In some ways couldn’t be a worse time but then I think had I requested a figure now it would be much lower, and there are clearly gains to be made soon. I’m going to put it in cash first then sit down with my FA to see whats best. Hope the recovery comes soon.
     
  10. SWP's back

    SWP's back

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    Hiya bud, I’ve mentioned before that I’m snowed under with work and many are DB transfers. It’s not actually a bad time to transfer out as transfer values on DB’s are the highest they’re ever likely to go due to the way they are calculated (based on 15 gilt dividend which is through the floor).

    If you’re worried about entering a volatile market then make use of pound cost averaging and hold the majority in cash and then drip your funds into the market over the next 6-18 months to reduce risk.

    As an example, I’ve just transferred one scheme for £1.4m and he started with all but £200k staying in cash and he’s dripping that cash in at £50k every two weeks for the next year or so. That way if the markets are volatile he’s buying more units as it drops. His timescale is 5-10 years before he draws down on income.
     
    Last edited: 28 Mar 2020
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