Whoa! ISA plummets

[swimd]

bad company said:

FTSE up 225 now. WTF is going on?

I can't make sense of this anymore (not that I ever could). It's all a bit unsettling IMO. Tesla is up 8% since market opening for no apparent reason at all, everything is green.

[walm]

swimd said:

bad company said:

FTSE up 225 now. WTF is going on?

I can't make sense of this anymore (not that I ever could). It's all a bit unsettling IMO. Tesla is up 8% since market opening for no apparent reason at all, everything is green.

Well everything was red on Monday so it's only fair.

Welcome to every August.

[davepoth]

walm said:

Well everything was red on Monday so it's only fair.

Welcome to every August.

The market always overcorrects when there's a big event like we saw in China, so there are a couple of seesaws either way before it finds a level. I'd guess it'll be another wild ride tomorrow.

[Soov535]

davepoth said:

walm said:

Well everything was red on Monday so it's only fair.

Welcome to every August.

The market always overcorrects when there's a big event like we saw in China, so there are a couple of seesaws either way before it finds a level. I'd guess it'll be another wild ride tomorrow.

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

[bad company]

Ginge R said:

bad company said:

I read an article on the Hargreaves Landown web site (can't find it this morning) recommending restricting income to the 'natural yield' of 3.5 - 4.5%. So as I said I went for 3.6%, glad I kept to a modes percentage now.

For some people, especially those retiring early, it's nice to target 3.3/3.3%. You're certainly being sensible. Make sure too, your funds remain suitable.

Worth mentioning too, being the richest man in the graveyard isn't much to write home about.

found the article - it was from 'This Is Money' - Here is the link, as you can see they are suggesting 3.5 - 4.5% drawdown.

http://www.thisismoney.co.uk/money/pensions/articl...

Not sure what your recommendation is, you said 3.3 - 3.3% which I suspect is a typo?

[blindswelledrat]

Soov535 said:

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

WHat does this mean and how giant?
GOod luck, I am rooting for you

[Soov535]

blindswelledrat said:

Soov535 said:

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

WHat does this mean and how giant?
GOod luck, I am rooting for you

So am I!

[Mermaid]

Follow the oil trade

[BoRED S2upid]

Soov535 said:

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

Balls the size of melons right there it's been down then up then up a bit more then down then up...

How's your nerves ?

[Soov535]

BoRED S2upid said:

Soov535 said:

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

Balls the size of melons right there it's been down then up then up a bit more then down then up...

How's your nerves ?

Not great.....


Not had to make a margin call yet

[gibbon]

Soov535 said:

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

How big is giant?

[BoRED S2upid]

Soov535 said:

BoRED S2upid said:

Soov535 said:

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

Balls the size of melons right there it's been down then up then up a bit more then down then up...

How's your nerves ?

Not great.....


Not had to make a margin call yet

Well fingers crossed you make back some of your previous losses and can relax tonight with a glass or two.

[Soov535]

gibbon said:

Soov535 said:

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

How big is giant?

£100 a point!

Sorry £10 - fat finger!

Edited by Soov535 on Friday 28th August 16:00

[walm]

Soov535 said:

£100 a point!

What sort of stop loss have you put on that?

[gibbon]

Soov535 said:

£100 a point!

I call custard.

[Soov535]

gibbon said:

Soov535 said:

£100 a point!

I call custard.

£10 - can you imagine the deposit requirement

[blindswelledrat]

Talk me through what that means?

If the FTSE is 6100 (arbitrary) and rises to 6200 have you won £2000? And lost if it goes down by the same?

[gibbon]

blindswelledrat said:

Talk me through what that means?

If the FTSE is 6100 (arbitrary) and rises to 6200 have you won £2000? And lost if it goes down by the same?

No, if it moves 100 point at £10 a point it would be £1000 up or down, at £100, £10k up or down respectively.

[blindswelledrat]

gibbon said:

No, if it moves 100 point at £10 a point it would be £1000 up or down,.

Yes, stupid me. How I multiplied 100 x £10 in my head to be £2000 none of us will ever know and shall remain a mystery that none of us need speak of again.

[Soov535]

blindswelledrat said:

gibbon said:

No, if it moves 100 point at £10 a point it would be £1000 up or down,.

Yes, stupid me. How I multiplied 100 x £10 in my head to be £2000 none of us will ever know and shall remain a mystery that none of us need speak of again.

Friday dude