Whoa! ISA plummets

[sideways sid]

In the last hour there was the opportunity to buy shares that you wanted to buy last week, for 10% less!

[Soov535]

I've just sold my entire holding of Funds in my SIPP.

I'm going to sit on cash for a while.

[anonymous-user]

The markets go up more than they go down. A 10 year time frame usually rides out most corrections. I always use the DJIA to illustrate this. 6 negative years since 1990 (excluding this year).

[Fittster]

La Liga said:

The markets go up more than they go down. A 10 year time frame usually rides out most corrections. I always use the DJIA to illustrate this. 6 negative years since 1990 (excluding this year).

Why don't you nikkei 225 as an illustration?

[ringram]

Soov535 said:

I've just sold my entire holding of Funds in my SIPP.

I'm going to sit on cash for a while.

Madness

The panic merchants in this thread are exactly the types of sellers I like

[immigrant]

Am massively conflicted.

Will need to withdraw my Nutmeg and other ISAs in the next month or two for a house deposit and watching hundreds drop off each day is hurting.

I'm thinking liquidating and letting it sit in my current account will be sensible right now as it likely won't recover in time.

[croyde]

I'm useless at all this. I sold my oil stocks just before the Gulf War. They then went up 500%

One of my ISAs is with Woodford. Will he be doing clever stuff or did his involvement stop after initially investing my money.

[Fittster]

immigrant said:

Am massively conflicted.

Will need to withdraw my Nutmeg and other ISAs in the next month or two for a house deposit and watching hundreds drop off each day is hurting.

I'm thinking liquidating and letting it sit in my current account will be sensible right now as it likely won't recover in time.

If there's a specific amount of cash you will need at a relatively fixed date in the near future I'd be tempted to take that amount out of the market.

[anonymous-user]

Fittster said:

La Liga said:

The markets go up more than they go down. A 10 year time frame usually rides out most corrections. I always use the DJIA to illustrate this. 6 negative years since 1990 (excluding this year).

Why don't you nikkei 225 as an illustration?

You are right, 30 companies in the US is certainly not representative of the wider world. I just use the DJIA as it goes back so far to make the point about going up more than down.

[Ozzie Osmond]

ringram said:

The panic merchants in this thread are exactly the types of sellers I like

+1

That's why shrewd investors always keep a bit of cash in hand to buy on opportunities.

[richyd]

In the 1930's it was Pork Belly futures, now it's Aircooled Pork futures - Thats where I'm invested, oh and GT Pork futures.

So far these 2 have produced a FAR better return than my equity investments in cash terms, even though I have far more cash at stake in equities.

I seriously am thinking that the whole "invest in equities for the long term" thing is old hat today. I lost a shed-load when I sold my ISA's in 2008 to cash out. My fund manager took 10 days to transact, which cost me £20k alone in the falling market!!! I have lost all my equity gains of the last 18 months in the last week!!

I'm hoping when the senior traders get back from their hols next week normal business will resume and we will see a bounce. China is still 50% up on the year after all, and UK growth forecast has just been increased too, so it ain't all bad...(he hopes)

[AlexHat]

I took my money out of the ISA S&S ring in early April...methinks in hindsight that was a good idea. (it wasn't at all due to buying a house, no siree!)

[Broccers]

If you look at Apple as an example of how the usa reacted was open 92 and now at 107.56 actually up !!

Selling is the worst thing to do - just don't look for 6 months and it will all be fine in the end.

[trickywoo]

Broccers said:

Selling is the worst thing to do - just don't look for 6 months and it will all be fine in the end.

Its not a loss until you sell.

I do managed funds now but when I used to pick companies I bought one at £7 a share. It went down to under £0.20 at one point and its now something like £3.50. I'm still not doing well with it but I'm a lot better off than I would have been selling it. Wish I'd gone in at £0.20.

[croyde]

I have a few similar to those.

[davepoth]

Finding the bottom is the trick. The S&P500 has trimmed its losses a bit this afternoon (only down 1.7% or so now) so if China decides find some sort of equilibrium in early trading tomorrow I think I might "call my broker" before I go to bed.

[Mr Trophy]

Stay in there folks.

[bad company]

boyse7en said:

I've been meaning to switch my cash ISA into S&S, but due to being a lazy arse and not really understanding how to do it I haven't got round to it yet.

Is now a good time to get it shifted?

[bad company]

boyse7en said:

I've been meaning to switch my cash ISA into S&S, but due to being a lazy arse and not really understanding how to do it I haven't got round to it yet.

Is now a good time to get it shifted?

I would say yes BUT drip feed £'s rather making one big investment. Nobody knows if we are at the bottom.

[GT03ROB]

bad company said:

I would say yes BUT drip feed £'s rather making one big investment. Nobody knows if we are at the bottom.

Correct....but I'd wager good money we are not....