The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
I have a small amount in a wealthsimple account. Luckily I set it up to be fairly secure as I'm pretty risk averse and not looking to make huge amounts of money on it - keeping up with inflation is fine.
Lost about £60 in the past week but sure that will bounce back in the next few months
 
My old man said he lost around 11k during the foot and mouth bollocks, he said he didn't panic and it was up after a year. He's not too worried.

I've lost a hefty amount here in Canada and my Fundsmith account probably looks grim reading
 
I read today, that the FTSE is around 1,000 points lower than it was on the 31st of December, 1999. Although it was heavily overpriced then, you would never have guessed it's current level 20 years ago. :')
 
dickie davies said:
I have two main policies plus my contracted out DWP

One is 25% stock market and 75% property
The other is 75% stock market, half of this being UK, 25% Pacific and the other 25% US
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Unless it has Lifestyling on it they won’t be reducing risk. The latter one will have taken a bit of a hit for sure.

When you come to take benefits from pensions you don’t need to take it all in one go. You can take up to 25% tax free. However, when markets are like this, you may want to only take enough to last you a year and leave the balance. There are lots of ways of taking benefits and you may be best taking some advice. Property funds are a bit of favour too
 
Richard said:
Looking to invest in the FTSE, can anyone send me the way of decent investment funds?
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My best performing funds have taken a wider interest than just the FTSE. Not sure I should recommend particular ones (the value of your investment etc) but I was happy with the outcome of the research I did, up until this week anyway.

I invest through Hargreaves Lansdown and they have their own top 50 recommended funds. Some of those have performed well for me but then I didn’t follow their advice to buy into Neil Woodward’s funds
 
Richard said:
Looking to invest in the FTSE, can anyone send me the way of decent investment funds?
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Are you talking about short term speculation, or long term investment?

It's your money. Absolutely do not do anything unless you are prepared to do your own research.
 
Richard said:
Looking to invest in the FTSE, can anyone send me the way of decent investment funds?
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You need to go via a Wealth/Investment Manager or an online platform. You can not buy into funds directly. Chose a platform and then chose a fund. There are normally transaction fees so you should be looking to be in fairly long term or the fees will wipe out any gains.
 
Richard said:
Looking to invest in the FTSE, can anyone send me the way of decent investment funds?
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Hi mate. I assume you're after an investment for the medium to long term. If so, the best one I found was the FTSE 100 Index Unit Trust with Vanguard. The fees are only 0.06%, a few years ago that was the cheapest around. I assume it's still one of the cheapest, if not the cheapest. If you're looking to invest long term don't underestimate the difference fees will make.

Here's the link.

https://www.vanguardinvestor.co.uk/...e-100-index-unit-trust-gbp-accumlation-shares

I think it might also be a minimum investment of £500.
 
Gaudion M said:
You need to go via a Wealth/Investment Manager or an online platform. You can not buy into funds directly. Chose a platform and then chose a fund. There are normally transaction fees so you should be looking to be in fairly long term or the fees will wipe out any gains.
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Send it to me and I will invest it for you (NB: the value of what you send me will be much less than you get back).
 
The Dow is moving intra day by as much as 2000 points within a couple of hours.

Mad volatility not based on fundamentals just fear and the spread of fear.

Companies will suffer others will prosper during and after the virus is a thing of the past until the next one arrives but to drop 20 per cent with some companies losing 40 per cent of their value in 7 days or less lacks commonsense.
 
mancity1 said:
The Dow is moving intra day by as much as 2000 points within a couple of hours.

Mad volatility not based on fundamentals just fear and the spread of fear.

Companies will suffer others will prosper during and after the virus is a thing of the past until the next one arrives but to drop 20 per cent with some companies losing 40 per cent of their value in 7 days or less lacks commonsense.
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BP share price is almost as low as after the Deepwater disaster when they were looking at Billions in compensation.

Short sellers don’t help either. The authorities should put a stop to this. It’s very damaging for markets and companies.
 
mancity1 said:
The Dow is moving intra day by as much as 2000 points within a couple of hours.

Mad volatility not based on fundamentals just fear and the spread of fear.

Companies will suffer others will prosper during and after the virus is a thing of the past until the next one arrives but to drop 20 per cent with some companies losing 40 per cent of their value in 7 days or less lacks commonsense.
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Sounds like you have found a BUYING opportunity...
 
mancity1 said:
The Dow is moving intra day by as much as 2000 points within a couple of hours.

Mad volatility not based on fundamentals just fear and the spread of fear.

Companies will suffer others will prosper during and after the virus is a thing of the past until the next one arrives but to drop 20 per cent with some companies losing 40 per cent of their value in 7 days or less lacks commonsense.
Click to expand...
We were always going to get a bounce today, after the carnage yesterday, but it’s where we go TOMORROW, with the VIX (Volatility Index) up around 50 that I’d like to know?!

19% downdraft with a couple of percent bump off the lows today, but is it done? Oil found a bid, as did some oil companies...coupled with the FAANG stocks that have been driving indices for the last year or two!

Looks like there is a HUUUUUUGE FED RATE CUT coming, PLUS some economic relief package coming from WH/Congress. Do people see that as a good OR bad thing SHORT TERM? LONG TERM?
 
mancity1 said:
The Dow is moving intra day by as much as 2000 points within a couple of hours.

Mad volatility not based on fundamentals just fear and the spread of fear.

Companies will suffer others will prosper during and after the virus is a thing of the past until the next one arrives but to drop 20 per cent with some companies losing 40 per cent of their value in 7 days or less lacks commonsense.
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The financial markets are erratic these days - with all the algorithms etc. any major movement in the market creates incredible volumes of trades that in turn move the market hugely - hence we have got what can only be described as an overly excited roller coaster
 
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