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8% drop in the in China market and continuing Greece uncertainty.
What actions to a stocks ISA would you take?
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I'm moving to the eurozone and planning a Greek holiday.
Hmmmm.
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If you are thinking of selling I fear you are about 3 months too late. Besides, IIRC selling/moving stocks and shares ISAs takes a week or so and that is a very long time in Stock Market time.
IIRC selling/moving stocks and shares ISAs takes a week or so and that is a very long time in Stock Market time.
Nope, happens same day.
8% drop in the in China market and continuing Greece uncertainty.
China is a fairly isolated case, they've had a massive bubble based on margin trading which is just having a natural correction. Although for some reason the Chinese government is having a panic attack over it and desperately trying to frig the market.
Greece is a basket case but everyone has known that for years, so the long term affect on European equities will be pretty marginal.
If you are thinking of selling I fear you are about 3 months too late
Hmm... that was what I was thinking..... been told the theory is that the current price should have all these issues built in. However it hasn't stopped my isa going all over the place the last week.
Wasn't really that worried about Greece as you mentioned 'basket case for years'
China on the other hand worries me. For the Chinese Government to step in and it to still drop by 8%. And its not the kind of step in that the UK gov does here but directly telling big business to buy more stuff.
Buy
China at the moment are like your dad learning how to work the video recorder without reading the instructions. Trying to tell a market what to do doesn't really work, all the things they think will make it better makes it look worse.
In the end whats your shares ISA for? Do you need the cash to work in the next 3 years or is it longer term?
China on the other hand worries me. For the Chinese Government to step in and it to still drop by 8%
The Shanghai Composite Stock Index has gone from roughly 2000 to 5000 in a matter of 6 months when GDP is under 10%, so a complete bubble, which has to burst at some point.
An 8% fall is nothing!
I'm wondering about the effect on property, if any. Got a flat here I am wondering whether to re-mortgage and re-rent or sell and just bank the cash until we find a new place (was planning on waiting another 6 months)
What's your actual exposure to Chinese and Greek stocks? Unless you have a specialist ISA that you've picked, then IME most share ISA's simply track an index like the FTSE 100.
At present if you put money into China 12 months ago on broad spread you'd still be up, although how long that will last is anyone's guess. Not convinced the actions in China are helping TBH, probably making a drop worse.
Not convinced the actions in China are helping TBH, probably making a drop worse.
You only delay the inevitable so long, so they're just making the final correction worse. Chinese stocks are insanely overvalued at the moment.
If you bought Chinese stocks 12 months ago, sell now and walk away with a huge profit!
No I don't have any direct exposure to China or Greece but I do have some in a Asia fund and a Europe fund.
When the credit crunch hit didn't George W Bush say something like 'It turns out that things are inter-related'
My Chinese inlaws were looking to float on of their companies and I was hoping to get a cut - looks like that's not going to happen anytime soon!
When the credit crunch hit didn't George W Bush say something like 'It turns out that things are inter-related'
They are, but for a mega crash like 2008 you need everything to be overvalued rather than one 3rd world basket case and a pubescent asian tiger having a case of acne.
Ha
They are, but for a mega crash like 2008 you need everything to be overvalued rather than one 3rd world basket case and a pubescent asian tiger having a case of acne.
Aye but the US has been over valued for a while now...
[i]However it hasn't stopped my isa going all over the place the last week.[/i]
A stocks & shares ISA needs to be part of a long term investment plan, you don't get out after things go pear shaped. Leave the money in there, let it recover.
I think some volatility in the markets is to be expected for a while.
The questions are how well can you weather it & how long are you prepared to endure the ups & downs before stability returns. What other means of investment are you looking at.
Personally I think its far, far, far too earlier x a lot to be investing in canned food & water as one idiot suggested!
When ordinary folk are asking the questions, it's too late.
http://archive.fortune.com/magazines/fortune/fortune_archive/1996/04/15/211503/index.htm
Well, you should have listened to this guy ...
http://yanisvaroufakis.eu/2012/11/27/china-after-the-global-minotaur/
Will my few shares in Bolton Wanderers be affected?
Think I'll ring George and get his take on it
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