Whoa! ISA plummets
Discussion
hang in there.croyde said:
A year and a half of reasonable gains on 3 different ISAs wiped out over the weekend.
One of them that had returned 14% is down to a mere 3% return. The other two bought in April are in the minuses.
Obviously the world wide stock crashes. Gulp!
Don't panic long way to go yet before the bottom is hit.....One of them that had returned 14% is down to a mere 3% return. The other two bought in April are in the minuses.
Obviously the world wide stock crashes. Gulp!
GT03ROB said:
croyde said:
A year and a half of reasonable gains on 3 different ISAs wiped out over the weekend.
One of them that had returned 14% is down to a mere 3% return. The other two bought in April are in the minuses.
Obviously the world wide stock crashes. Gulp!
Don't panic long way to go yet before the bottom is hit.....One of them that had returned 14% is down to a mere 3% return. The other two bought in April are in the minuses.
Obviously the world wide stock crashes. Gulp!
Never try to catch a falling banker carrying a knife.If it makes you feel any better, at approximately June 1st this year I decided it was high time I put all my savings into shares as the interest rates were so crap it wasn't worth it. Just for the hell of it I put my tax money into shares too.
By my reckoning June 1st was about the peak. My first significant dabble in the stock market and I feel like a gang of Chinese men have pulled thousands of pounds of sellotaped-together 2 pence pieces out of my arse.
By my reckoning June 1st was about the peak. My first significant dabble in the stock market and I feel like a gang of Chinese men have pulled thousands of pounds of sellotaped-together 2 pence pieces out of my arse.
blindswelledrat said:
Just for the hell of it I put my tax money into shares too.
NOOOOOOO!!!Ouch, ouch, ouch.
So sorry to hear that.
If it is any consolation, I am paid according to how well I perform and how well the stock market performs.
A week ago I was looking at a healthy - OK, but not amazing bonus in January.
Right now, I will be lucky to have a job.
blindswelledrat said:
If it makes you feel any better, at approximately June 1st this year I decided it was high time I put all my savings into shares as the interest rates were so crap it wasn't worth it. Just for the hell of it I put my tax money into shares too.
By my reckoning June 1st was about the peak. My first significant dabble in the stock market and I feel like a gang of Chinese men have pulled thousands of pounds of sellotaped-together 2 pence pieces out of my arse.
By my reckoning June 1st was about the peak. My first significant dabble in the stock market and I feel like a gang of Chinese men have pulled thousands of pounds of sellotaped-together 2 pence pieces out of my arse.
Ow.
ringram said:
Who cares, stock markets are volitile. Invest for 5+ years or dont invest at all.
If you want some certainty of return go for dividend payers, divi payments are much less affected by the stocks actual price.
.
THis is exactly my tactic when I sunk everything I owned into it and it turned out to be complete bIf you want some certainty of return go for dividend payers, divi payments are much less affected by the stocks actual price.
.
ks.My larges was BP, biggest dividend payer, currently down nearly 25% from my June purchase.
Similar catastrophes include Esure, Ladbrokes, Telford Homes.
The best tactic by far when investing is to ask me what I have bought and buy anything else.
ringram said:
Who cares, stock markets are volitile. Invest for 5+ years or dont invest at all.
If you want some certainty of return go for dividend payers, divi payments are much less affected by the stocks actual price.
Im down mega ££, but was buying more today. BP and NG.
Tell that to Ladbrokes and Morrisons holders!If you want some certainty of return go for dividend payers, divi payments are much less affected by the stocks actual price.
Im down mega ££, but was buying more today. BP and NG.
I am sure that 9p dividend (oh wait, now it's 3p) is really making up for the 60% drop in Ladborkes [sic] since the 2013 peak.
Hence your chart includes the actual STOCK PRICE performance not just divs.
Had a PEP years ago that did well for 4 years then by the 5th year it was worth 2/3 of the original amount invested and stayed that way for many years.
Needed the cash in the end.
As for ISA allowances if I had forseen this and had cashed the lot in would I be able to reinvest the ISA allowance and the profit all tax free.
Just hope my fund managers are clever.
Needed the cash in the end.
As for ISA allowances if I had forseen this and had cashed the lot in would I be able to reinvest the ISA allowance and the profit all tax free.
Just hope my fund managers are clever.
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