The FTSE

  • Thread starter Thread starter worsleyweb
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My pension is down about 2.8% from the high of a couple of weeks ago, although it's global indexes rather than UK and about 90% stocks. I'm surprised how well the market is holding up, presumably oil company stocks are helping, but I expected a lot more blood in the water which may come if the Straits remain so dangerous, despite the blowhard saying the war was won several days ago.
 
I don't know whether this has been covered elsewhere or even if it is total nonsense, but it seems to me that this war is unlawful in terms of international law and was actioned contrary to the constitution of the USA since it wasn't sanctioned by Congress. So responsibility lies fairly and squarely on President Trump's shoulders.

Millions, if not billions, of people across the World are suffering because of this action. Obviously the people suffering most are those in the Middle East, particularly Iran and Lebanon and we can only pray and express sympathy for those people because our politicians will simply follow their own agendas.

However, the rest of us will suffer financially as a direct consequence of these actions. (apart from, as seen above, a few, already very wealthy, individuals who can buy low and sell high).

Now President Trump is sueing the BBC for an injudicial edit in a broadcast, so why can't there be a class action against President Trump to recover the financial losses and hardship that ordinary folk are suffering because of his actions?
 
west didsblue said:
I’ve been investing for over 30 years and been through the dot com crash, the GFC crash and a few smaller ones. Every single time it comes back and goes much higher. Don’t see why this should be any different so no point getting worked up about it.
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Same here, just stay the course, keep investing and gain when it inevitably recovers. As @hampshireblue said it’s only a loss if you sell in a falling market.
 
New to this thread in terms of posting but did follow and bought some shares in GGP. Was all looking good until recently and like many am keeping an eye.

Seeing the above posts does help to alleviate some of the concerns as this was my first venture into buying shares.

Was very tempted to buy more in GGP yesterday, but held off. Looks to be falling yet again.

Would you buy more? Of course it would be purely my decision, just curious as to peoples thoughts who definitely have more knowledge in this area than I ever will. Also following on the LSE and seeing a lot of buying still going on. Does make me feel better seeing so much blue.
 
Wretched Vengeance said:
New to this thread in terms of posting but did follow and bought some shares in GGP. Was all looking good until recently and like many am keeping an eye.

Seeing the above posts does help to alleviate some of the concerns as this was my first venture into buying shares.

Was very tempted to buy more in GGP yesterday, but held off. Looks to be falling yet again.

Would you buy more? Of course it would be purely my decision, just curious as to peoples thoughts who definitely have more knowledge in this area than I ever will. Also following on the LSE and seeing a lot of buying still going on. Does make me feel better seeing so much blue.
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ive got a small holding in GGP bought for about 11p before they changed the 20/1 rights issue.Im tempted to go in and buy more if the price dips below £5.00
 
Wretched Vengeance said:
New to this thread in terms of posting but did follow and bought some shares in GGP. Was all looking good until recently and like many am keeping an eye.

Seeing the above posts does help to alleviate some of the concerns as this was my first venture into buying shares.

Was very tempted to buy more in GGP yesterday, but held off. Looks to be falling yet again.

Would you buy more? Of course it would be purely my decision, just curious as to peoples thoughts who definitely have more knowledge in this area than I ever will. Also following on the LSE and seeing a lot of buying still going on. Does make me feel better seeing so much blue.
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My GGP average pre consolidation was about 6.5p which is equivalent to £1.30 now so I’m still well up. If I had spare cash I’d buy more but I don’t want to raise my average and I’m overweight in them already at 30% of my overall portfolio. Still confident that they’ll recover and reach new highs in the not too distant future.
 
west didsblue said:
My GGP average pre consolidation was about 6.5p which is equivalent to £1.30 now so I’m still well up. If I had spare cash I’d buy more but I don’t want to raise my average and I’m overweight in them already at 30% of my overall portfolio. Still confident that they’ll recover and reach new highs in the not too distant future.
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Cheers for the reply, mate. Wish I'd got in when I t was pennies :) - glad plenty did. I bought some more at £5.23 and then it immediately dropped again. Tried buying at £5.11 but I swear my app fucks me about at times.

Not going to keep chasing more shares it as it drops, but will keep hold of what I have. Hopefully I end up regretting not buying more, and we're all in a much better place soon.
 
Markets having another bad day. FTSE down below 10k. Was up at 10.9 4 weeks ago.

It's heading toward crash territory but with multiple bad days instead of one big drop.

Gold tanking hard as well. I sold off a lot of my gold exposure recently. Should have done more. And the money I took out of gold went into ETFs. They are down as well but not as bad.

US out of ours and futures are holding better but I fear a sell off coming that would mean more bad news...
 
Gareth Barry Conlon said:
Markets having another bad day. FTSE down below 10k. Was up at 10.9 4 weeks ago.

It's heading toward crash territory but with multiple bad days instead of one big drop.

Gold tanking hard as well. I sold off a lot of my gold exposure recently. Should have done more. And the money I took out of gold went into ETFs. They are down as well but not as bad.

US out of ours and futures are holding better but I fear a sell off coming that would mean more bad news...
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It's 10% down over 4 weeks. I expect at least another 10% if Trump does what he's threatening. I'm glad I've got 3 years of income in a cash fund in my SIPP.
 
Gareth Barry Conlon said:
FTSE back up again now close to 10k.

Gold has recovered some territory but remains 10% down over the last week.

Maybe best to stop looking...
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I think it is best to stop looking. It's so volatile at the moment and if you're not already in drawdown from your portfolio then better to not worry about something you have no control of. Selling down now realises the 10% drop, whereas holding firm means you've lost nothing.
 
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