Why no threads related to the US tech slump?
Discussion
Been dinged fairly well, sold almost completely out of amazon at $2005 (lucky) but I hold a lot of global tech funds and direct stocks like MSFT and GOOG so it's been a bit of a bruiser of a month !!
Im a long term holder though so looking away works well, I find.
Did buy more BP and RDSB though for dividend (long term hold again)
How are the leveraged traders doing..
Im a long term holder though so looking away works well, I find.
Did buy more BP and RDSB though for dividend (long term hold again)
How are the leveraged traders doing..
Yup....my pension funds took a pasting from early Oct....got a reasonable spread, so ‘only’ down about 5% now, but then if we look back 12-18 months, they went up LOTS.
Only question for me is whether this is just the tip of the iceberg: could be more *cough* corrections ahead, I fear......
If anyone has that crystal ball I failed to buy, feel free to chip in with words of wisdom!!
Only question for me is whether this is just the tip of the iceberg: could be more *cough* corrections ahead, I fear......
If anyone has that crystal ball I failed to buy, feel free to chip in with words of wisdom!!
Luckily I put my initial lump in my S&S LISA in late March and continued to drip feed monthly so I'm still up (albeit only 1% now, down from 14% in June/July) - It could be a lot worse and I'm getting into the habit of checking every day, and being disappointed every day 
Planning on riding it out until I want to buy a house - Risky you say, yes, quite, except I have no expectations to see profits, so long as I don't lose the 25% government bonus I'm not too phased, as I would've been in largely the same position if I'd of stuck the money in savings... I'm treating this as an experience to help me when I want to hold long term investments in the future.
Awaiting abuse...
Planning on riding it out until I want to buy a house - Risky you say, yes, quite, except I have no expectations to see profits, so long as I don't lose the 25% government bonus I'm not too phased, as I would've been in largely the same position if I'd of stuck the money in savings... I'm treating this as an experience to help me when I want to hold long term investments in the future.
Awaiting abuse...
95JO said:
Benbay001 said:
Well, I bought my first fund in September, a global tech fund.
So naturally October would be the month of big falls.
Ouch - Interested to hear the loss (%)So naturally October would be the month of big falls.
Its just the irony of watching for a year and when i finally make the plunge to start dripping money in, a terrible month follows.
Eta it was 6% two weeks ago
I put in a lump into my ISA (about 3/4 of my annual allowance) in September and with that I bought a selection of stocks, which about 60% being American tech companies of some sort. I am hurting at the moment (down roughly 15% on these), however I have no need for this money within a short/medium term horizon, so very much bought with a buy and hold strategy and in good companies that I believe have very good long term prospects.
Of the remaining 40%, this mostly went on more traditional value equities (US and UK), which have performed pretty flat over the period of turbulence.
Of the remaining 40%, this mostly went on more traditional value equities (US and UK), which have performed pretty flat over the period of turbulence.
For me I have started selling a few shares, and pretty much all the money then goes into funds.
My fund split is
1. Emerging markets
1. Ftse All Share
1. American fund
1. Asia inc japan
1. European fund
1. Whole world equity
1. Edentree bond fund
So whenever some shares sold I am putting equal amounts into easy (as close as I can). Slowly getting rid of all my shares - will possibly hold about 4 different ones and then wait for the downturn - and go shopping.
I have no doubt we will see more corrections, and we have had a good run (only really invested last 3 years) but I do expect a year of downturn (where I will continue to drip feed every month into the funds above.)
My fund split is
1. Emerging markets
1. Ftse All Share
1. American fund
1. Asia inc japan
1. European fund
1. Whole world equity
1. Edentree bond fund
So whenever some shares sold I am putting equal amounts into easy (as close as I can). Slowly getting rid of all my shares - will possibly hold about 4 different ones and then wait for the downturn - and go shopping.
I have no doubt we will see more corrections, and we have had a good run (only really invested last 3 years) but I do expect a year of downturn (where I will continue to drip feed every month into the funds above.)
Long-term holder of Apple. Reduced position at USD227, and awaiting an entry point to buy more so comfortable with AAPL.
In the interest of balance, I've bought EBAY, JD, and GOOG this year, which are all down. Narrowly missed the gigantic fall in FB earlier in the year, too.
Overall, defensive dividend aristocrats haven't suffered as much (some have increased in value), so value lost on the portfolio is around 5% in the last couple of months which is perfectly acceptable.
In the interest of balance, I've bought EBAY, JD, and GOOG this year, which are all down. Narrowly missed the gigantic fall in FB earlier in the year, too.
Overall, defensive dividend aristocrats haven't suffered as much (some have increased in value), so value lost on the portfolio is around 5% in the last couple of months which is perfectly acceptable.
As I’m looking at sorting some of my finances out, including starting an ISA and dumping money in to global funds, this tech rout is fascinating.
All the funds I’ve identified as potentials have a strong exposure to Apple, Facebook, Amazon etc. Now, I have done the reading and fully believe the “time in the market beats timing” theory, when you’re sitting with a lump sum to start the ball rolling, it doesn’t half make life interesting trying to convince yourself to pull the trigger!
All the funds I’ve identified as potentials have a strong exposure to Apple, Facebook, Amazon etc. Now, I have done the reading and fully believe the “time in the market beats timing” theory, when you’re sitting with a lump sum to start the ball rolling, it doesn’t half make life interesting trying to convince yourself to pull the trigger!
bmwmike said:
Is that down from what you put in, or down from what ya could have won?
I don't see unclaimed prizes as being down, still got my original stake (and some) and still better off than being in cash.
And besides, it'll all be right tomorrow (one day).
Not sure I entirely understand the first line, but I'll have a stab!I don't see unclaimed prizes as being down, still got my original stake (and some) and still better off than being in cash.
And besides, it'll all be right tomorrow (one day).
Start of Oct coincided with my personal quarterly check on things.....& since it started to tumble a day or two later, I tracked it several times through Oct, essentially up to the point my next paycheck will have added some more cash.
It dropped just over 7% overall, at what looked like the low point (26th Oct) (ie, the pot value - this is a DC pot of funds).
The North American piece (tech stocks etc) dropped over 9% at that point, & other equities 7 to 8.8% as well. The saviour really was the 20% I had shifted in August into 15 yr Corp Bond and a 15yr Gilt index - they dropped only around 1%.
I suspect, however, it is about the same amount down now: it is 6.6% down, BUT I have had money at the end of Oct added.....
Are we at the bottom? Who knows! As you say, it will be alright one day!
Having been to 2 funerals this week, I feel it worth keeping a keen eye on this stuff to ensure I manage to spend some of it before my time is up!
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