... Purdey & Portaloo...
I rather rashly dumped most of my shares around 3 weeks ago to avoid the January triple whammy of Brexit, Covid and SAD. ( Shame really, as they rocketed just after when the vaccine was announced 🥵)
Anyway. Assuming the " negotiations" continue to go to shit over the weekend, which shares do we expect to plummet back to buyable levels and which ones do we expect to continue up?
Wotcha buying
Good question. Although if the £ goes to shit as well, we might not see big drops.
No idea either way really, but I am all ears. I did buy some more gold (via the iShares physical metals ETF) the other week.
I just got the quarterly summary from my investment managers. 3.6% in UK equities. That's a vote of confidence, that is.
So if the pound plummets, I do very well. Proper disaster capitalist. But sod the money, I would really rather have a government that wasn't a bunch of talentless ****wits determined to screw up my country.
I think the clever money will be on bog roll and dried pasta, the actual products not the shares.
I just got the quarterly summary from my investment managers. 3.6% in UK equities. That’s a vote of confidence, that is.So if the pound plummets, I do very well. Proper disaster capitalist. But sod the money, I would really rather have a government that wasn’t a bunch of talentless **** determined to screw up my country.
Actually if the pound plummets you'd potentially be better off with a big exposure to UK equities - with a weak pound they look cheaper to international investors, so you get an inflow of money and increased prices. That's what happened post-EU referendum (the 'Brexit bounce').
I actually doubt that's what will happen this time because the fundamentals are so much worse for the UK, but it is a bit more complicated than just UK govt sends the country to shit; FTSE goes down.
The top ten companies in the ftse 100 are all massive multinationals that are unlikely to be adversely impacted by brexit (Unilever, Glaxo smithkline, BAT, Rio Tinto, shell, BP, HSBC) so I don't think that fund will move too much. Granted investing in the US or European funds might be a better bet but I think it's likely too late for that. I would avoid the rest of the FTSE though.
Various targets between 5 and 10 % down today, but I'm holding off.
Anyone seen any tempting bargains?
(Tongue firmly in cheek)
I've just instructed Vanguard on the value of the Garmin V4 I'm now not getting and what remains of a bit of commission. Hopefully this means they are buying low, whoop.
Through total luck (and a shit or bust strategy), my tech heavy pension has had an amazing year, so far it's earned three times my gross salary. Obviously, a high risk investment strategy, but so far it has paid off.
My tip would be buy SMT, a low(er) risk access to some over performing stocks eg Tesla.
VWRP, that's it.
3468 companies, global including developing markets, market weighted and dividends reinvested.
0.22% fees.
I'm international, but in the UK I'd just for Vanguard Lifestrategy 100.
Life's too short and passive funds beat the active fund market and investment managers.
We have sold all our ski chalets and invested everything in home defence items.
It's going to be a difficult task with the castle as it's a listed building,but we feel the killer drones should take care of most problems,just have to make sure that the facial recognition is working properly.
I am looking at Funds and ITs covering renewables.
The shares I would buy are in DK CDN Euros and $ and cant work out exchange rates vs price movement so will settle for Funds and ITs as they include these shares.
It is my over Christmas project to sort out what to buy and when.
Once that's done I will set some price alerts.
Counting on market going down rather than a Santa Rally this year.
I am not qualified to give financial advice.