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No-one really knows when to start buying again; pays your money, takes your chance.
As above, pound cost averaging is sensible basis.
In an earlier post I referred to the Dow and S&P futures; I would use them as a guide.
I took my cash out of FTSE a couple of weeks ago after first drop which is normally a dummy move but I couldn't see the bottom (and performance had been poor anyway) but geez I wasn't expecting such a big drop. Can't say for certainty that it is the bottom as it depends on how many get sick when, and the impact thereof, which is not something you normally factor in to markets. Sadly I'm no Billy Ray Valentine I moved my cash into a tech fund which has lost a bit too, but not as much.
It's my fault. Four weeks ago I topped up my S&S ISA for the first time in 10 years.
I was going to open a couple of ISAs before the end of March, then couple more in April. Wouldn't be touching them for a decade. Good time to buy or still a bit risky?
You may not be cut out for share trading if you put this as an option. Buy LOW sell HIGH. Now that prices are low, it is a good time to buy provided you buy the right things. Avoid hospitality chains, airlines and so on cos they might go bust 🙂
It's a managed stocks and shares isa. Ie a tracker Jobbie with no actual buying or selling of shares. I guess there's some computer somewhere deciding where to stick all the money.
Where are the Bitcoin/Cryptocurrency maximalists these days?
Still here.
If you rode the last dip to around $3000 where everyone said it was finished you would be looking at a three fold increase today - even with the recent drop.
I have just dropped a couple of grand in bp shares £2.95 a share wasn't that long ago they wer twice that.
There must be some seriously battered investors out there....
I've just checked out the sea of red numbers that make up my SIPP, a £93K pot has turned into a £76K pot over the past couple of weeks!
I'm 15 - 20 years from drawing it, so not worried, rather seeing it as a good time to top up.
A pot three or four times that size and <5 years from retirement must be a very different story.
Ditto bedmaker, on all counts.
I dumped a portion of my ISA pot into a gold fund in oct/nov, which has eased the pain a bit, otherwise its been a raggedy broom end experience all round, and no idea where the bottom is, especially the FTSE based stuff. Would be nice to have some free cash to put into the indexes very soon.
Looks like some expertise on the thread so here's a question - with a SnS ISA, for long term investment, are gains ever crystallised other than when cashing in?
I'm wondering if it accumulates dividend payments or similar that are stuck back into the fund .. should I see money going in other than what I pay in? It's with Nutmeg if it makes any difference.
Looks like some expertise on the thread so here’s a question – with a SnS ISA, for long term investment, are gains ever crystallised other than when cashing in?
Yep, depending on what option you ticked they either auto reinvest dividends (buying more shares) or let the dividend grow as cash in the account.
Ta, I'll look for that tick box 😀 - I suspect the former.
Just sit tight you re brave looking at the valuation. I see they have risen today and I am still waiting to buy. Oh well, as said, you never pick the low point. I suspect more volatiloty is on the way.
Just sit tight you re brave looking at the valuation.
+1
I've seen various analyses of previous crashes and most of the recovery happens in a single event some time after the crash. So if you sell out on the way down, you'll probably miss the recovery jump on the way back up.
I though I was being clever buying IAG and Easyjet last week when they dipped... Both are now waaaay down on where I bought, so I'm considering doubling down on IAG in the hope that they've bottomed out now(?)...
The real worry at this point is one of these companies going bust rather than riding out the shitstorm that 2020 is going to be...
It's only relative pocket change, and I would never invest money I couldn't afford to lose, but it does makes you appreciate the sort of investments that your pension(s) ride on.
Finally got round to putting some money in a stocks and shares ISA off the back of this thread.
Cookeaa
You might want to check out the debt position of those airlines. That is what will dictate who goes bust. Who has the cash to see it out?
Also regarding averaging down (don't chase losses) When those companies actually announce the balance sheet damage rather than pure sentiment then there surely will be further drops.
I cannot see global travel returning to previous levels for quite some time.
who are people using? Been meaning to get into stocks and shares and now seems like the right opportunity.
I currently put £650 a month into savings accounts that are getting sod all so may as well do something a bit more exciting with it.
looks like a classic dead cat bounce today.
Klunk - that's what I'm banking on too. Did the same thing last week and I bought a bit on the way up, down another 7 or 8% on that now.
Both are now waaaay down on where I bought, so I’m considering doubling down on IAG in the hope that they’ve bottomed out now(?)…
IAG just announced internally to staff that they've basically stopped all projects, any contractors are out come Monday unless special case, and they'll be redundancies shortly so I suspect they'll be worse to come yet.
Bearing in mind (at least the BA part of) IAG is making something like a billion quid a year profit before this they should have a war chest but some big ones could go up the creek.
Bookings and loads are ridiculously low at moment, if US decides to ban UK flights as well as Europe then that could be hard time for BA. Iberia could be stuffed too if South America stop flights from EU.
Investing in anything travel related would be a brave move, some will fold, some will survive.
I gave up investing in individual stocks after being convinced that BoE wouldn't let Northern Rock fold - how wrong I was on that bet!
I just buy funds now and let someone else work out which companies to buy.
I'm at the stage now where my SIPPs / ISAs earn more than I do on a good year and loose a lot more than that in a bad year...
Alternately, they are using the virus as an excuse to do some restructuring they wanted to do anyway, without too much pressure from the unions
Anyone else notice Bitcoin lost 40% this week?
Interesting to see so many people buying individual stocks compared to funds.
That said, I used my free trades on revolut to buy a few tasty american stock thats taken an absolute hammering
Further to fall yet I suspect, I'm upping my monthly investment and buying more on the way down, a slight variation on pound cost averaging. Anyone who thinks they can predict share price movements is wrong, anyone who manages to time it right is lucky.
I used to buy individual company shares, some have done very well, but I can't be bothered with watching comoany news, so now I only buy investment trusts and a couple of funds.
Strong bounce on US markets following trump's declaration of national emergency.
Will be interesting to see if this is reflected in Asian & European markets on Monday.
Well I made a 40k investment in Nov. Was quite pleased with it hitting 45k by jan, now it’s at 34k. First time I’d tried to be a bit more proactive 🙁
Both IAG and EasyJet strong in my opinion. If they collapse I suspect that we’ll be using hand sanitiser and toilet rolls as currency instead of pounds.
Whether they’ve reached rock-bottom is a totally different question.
My Mrs wants to sell all her s&s investments while they are still in profit, I'm thinking of buying more while the markets are down lol.
I feel there could be further to drop though.
You're on crack if you think easyJet and IAG are strong. BA are the most profitable airline in the world and they are already talking about laying off staff
Neither of them or any other airline (bar the UAE backed ones) will survive without govt bailouts
Source, my brother in law who runs a fund worth 5 billion
To be fair I read flaperons post and realised he's self invested and quite possibly also on crack.
There's are huge amounts of significantly more stable and hugely higher chances of not expiring single shares to be investing in if that floats your boat.
But travel and tourism.....absolute suicide right now. The worst is still to come for them I fear
Airlines are pretty much the same as restaurants/hotels. They all survive on a week to week cash flow
Long term BP are a steal for a safe rise. But personally, beyond that I wouldn't touch anything for a month or so
I favour shell over bp, I am sure I read shell can live with oil at c 50 USD. Today with all the algorithmic trading shell are 10 quid so yielding 14% they haven't cut the divvy since the war and at that price you could live with a cut.
Doesn't stelios still own 30% of easy jet, or his family, no idea how much cash they have to fund the mothballed planes.
I still haven't bought btw...
Yep, depending on what option you ticked they either auto reinvest dividends (buying more shares) or let the dividend grow as cash in the account.
Mine doesn't reinvest. I periodically check in (twice a year ish) and put the dividend pile back into a likely looking fund. Which might or might not be something I already have.
To be fair I read flaperons post and realised he’s self invested and quite possibly also on crack.
Wow, nice to see the ad hominin attacks going strong. What did I do to deserve that?
I'm self-invested only to the extent that I work in the airline industry, and that I'd feel more secure if I worked for IAG than, say, for Norwegian.
Please re-read your post and take a moment to consider whether it genuinely required the offensiveness you gave it. Everyone is under pressure at the moment but that doesn't give you the excuse to behave like that.
I'm surprised so many tech companies are getting hit hard with stock price drops, inc. the company I work for (which is annoying as they're the only shares I own outside of pensions).
As for buying airline shares now I think that would be a massive gamble, we're only just at the start of this crisis and it's going to get a lot worse for airlines before it gets better. Some are bound to go under even if the government does try and prop the industry up. Even if IAG & Easyjet survive I don't think the reduced competition factor is going to lead to a massive share price rise any time soon, they're still both losing a lot of money in the short-medium term.
Both IAG and EasyJet strong in my opinion. If they collapse I suspect that we’ll be using hand sanitiser and toilet rolls as currency instead of pounds.
Whether they’ve reached rock-bottom is a totally different question.
Agreed. Interesting that IAG aren't shouting for a government payout for airlines, I think they reckon they can tough it out whilst a lot of their competitors go belly up (which they will). The main problem for airlines is now is the perfect time to be booking that summer holiday. If nobody does that then it's going to be a long cold hard winter following that - maybe the time to pick up shares then if they are still around.
Ftse up a bit today. Ocado up 10% - they are turning away new customers!
I see easy jet are down to 5gbp, they were 15 gbp just 1 month ago. No idea how much cash they have and if steelios wants to buy back his old company.
Also following the oil majors, shell were last 9 quid in 1997, what the media dont mention is that in that period they have paid out c 20 gbp in dividends so the shares for the long term holders owe you nothing.
I'd be buying Boeing, Airbus and BAE systems.
Boeing and Airbus have NO competition in their home markets. America wont let Boeing fail and Europe won't let Airbus fail. Both companies currently have a backlog of some 5000-9000 aircraft, now whilst some of these may not be required as carriers go out of business, do we seriously believe that in 5 years people won't be travelling as much? Also Airbus and Boeing have strong Defence and Space aspects to their business which are largely unaffected by the Pandemic. Currently Boeing's share price is 20% of what it was 14 months ago and Airbus' stock price is 40% of what it was 2 months ago. BAE who have very limited exposure to the pandemic other than production delays are down almost 25%...why? because everyone else in aerospace is...
Boeing have the small matter of the 737 MAX to deal with along with the current slowdown (abrupt stop?) of air travel. Not sure things are looking that rosy for them.
sure, but 40% of Boeing is defence and their aircraft orders would be delivered over 10 years of production. VW survived the dieselgate scandal even after €31bn of fines and losses. Boeing are in much better shape than VW were.
So Daffy have you invested in the companies you suggested?
Yup.