have your finances recovered from the Covid dip?
Discussion
Our portfolio of 'investments and pensions' lost a shed load of money, very quickly, when the covid crash hit everybody.
Looking at the figures now, we are about 2.5% shy of our figures from mid Jan 2020, when things were trundling along quite nicely.
We, (personally),dont seem to be far away from being recovered and back to where we were, figures wise.
How are others doing ? Are you seeing a recovery or is it not that simple ? (obviously everyones situation differs, but as a generalisation)
Of course Brexit deal / no deal, will be the next thing to get through.......
Looking at the figures now, we are about 2.5% shy of our figures from mid Jan 2020, when things were trundling along quite nicely.
We, (personally),dont seem to be far away from being recovered and back to where we were, figures wise.
How are others doing ? Are you seeing a recovery or is it not that simple ? (obviously everyones situation differs, but as a generalisation)
Of course Brexit deal / no deal, will be the next thing to get through.......
Recovered and improved from the lows, by about 4 % but had almost half my pension in sli global smaller companies, which got hammered (I almost bottled it) but has recovered by about 40% to reach a an all time high point for me, going to switch into something less volatile once the nasdaq stops rising. Or another 3% growth whichever comes first.
Eta that data is for my pensions only
ISA up 124% from the lows, mostly due to good stock selection :-) high risk high return working so far.
Eta that data is for my pensions only
ISA up 124% from the lows, mostly due to good stock selection :-) high risk high return working so far.
Edited by dingg on Saturday 22 August 21:19
March 16th pension down 26%,share fund down 35%
Currently pension +34% but have a large amount in low profit at the moment,stock just sold big 150+% shares to buy in,share fund +40%
Covid and mining shares done well for me
Worked through most of lockdown,used to go out meals gigs,opera 3/4 times week so not spent anything like we used to
Currently pension +34% but have a large amount in low profit at the moment,stock just sold big 150+% shares to buy in,share fund +40%
Covid and mining shares done well for me
Worked through most of lockdown,used to go out meals gigs,opera 3/4 times week so not spent anything like we used to
mikeiow said:
Yes.....but the real question is whether we are done at that first Covid dip.....or is there more to come?
Who knows!
I have almost recovered with stock market investments, but the gain in bitcoin has covered off the remaining gap nicely.Who knows!
I’m going with the opinion markets mostly US are just going to go up and up, especially the S&P 500, although that should really be renamed S&P 5 given the current state. Fed has shown it will do anything to prop it up. Might have a dip or two if Coronavirus bites hard again, but the bounce back will probably be quick if the the gains made in the last 5 months are anything to go by.
The economy on the other hand, well that’s a different story
Probably completely wrong though
TCX said:
Simpo Two said:
TCX said:
Covid and mining shares done well for me...
Covid shares?You should launch a fund
bomb said:
Tesla would have been a good place to be, for some recovery income. Their share price has gone up and up.
It's been remarkable, eh.I noted & even remarked to SWMBO when it dropped to around 400 at the trough....but obviously I didn't actually *do* anything to take advantage of it - hey, it could have dropped to 200, right?
Now....I see it is over 2,000. Doh!!
Inflated bubble?
Who knows....the globe is a very strange place, where P/E ratios, NBV and profits appear to be sometimes irrelevant to the world of investment!!
For reasons I don't understand the real economy and taxpayers are now being used to keep the stock market up. Didn't Trump demand $2 trillion be made in loans to arrest the decline? (it did, for an hour).
I don't know what the word is for a trading environment where taxpayers stump up to ensure it doesn't go down; but it shouldn't be called a "market" .
If the socialisation of losses falls out of favour, and a market is re-introduced, then it could, of course, go down. But with socialised losses; a one-way bet is a sure thing.
I don't know what the word is for a trading environment where taxpayers stump up to ensure it doesn't go down; but it shouldn't be called a "market" .
If the socialisation of losses falls out of favour, and a market is re-introduced, then it could, of course, go down. But with socialised losses; a one-way bet is a sure thing.
Simpo Two said:
TCX said:
Simpo Two said:
TCX said:
Covid and mining shares done well for me...
Covid shares?You should launch a fund
Edited by TCX on Monday 24th August 10:56
bomb said:
Our portfolio of 'investments and pensions' lost a shed load of money, very quickly, when the covid crash hit everybody.
Looking at the figures now, we are about 2.5% shy of our figures from mid Jan 2020, when things were trundling along quite nicely.
We, (personally),dont seem to be far away from being recovered and back to where we were, figures wise.
How are others doing ? Are you seeing a recovery or is it not that simple ? (obviously everyones situation differs, but as a generalisation)
Of course Brexit deal / no deal, will be the next thing to get through.......
Small beer account but I cashed out all my tech fund when this was beginning to take hold then reinvested at what looked like rock bottom. Currently 37% up on then.Looking at the figures now, we are about 2.5% shy of our figures from mid Jan 2020, when things were trundling along quite nicely.
We, (personally),dont seem to be far away from being recovered and back to where we were, figures wise.
How are others doing ? Are you seeing a recovery or is it not that simple ? (obviously everyones situation differs, but as a generalisation)
Of course Brexit deal / no deal, will be the next thing to get through.......
I'm about 10% up on the peak immediately before the Covid dip. At no point was I more than 15% down. The main reason was that I have been gradually moving to precious metals and gold miners for 3 years now, and was holding quite a bit of cash.
The dip was a good opportunity to replace mediocre investments with high quality ones, but I did sell too much in anticipation of a much bigger crash, which cost me quite a lot.
The dip was a good opportunity to replace mediocre investments with high quality ones, but I did sell too much in anticipation of a much bigger crash, which cost me quite a lot.
kevinon said:
For reasons I don't understand the real economy and taxpayers are now being used to keep the stock market up. Didn't Trump demand $2 trillion be made in loans to arrest the decline? (it did, for an hour).
I don't know what the word is for a trading environment where taxpayers stump up to ensure it doesn't go down; but it shouldn't be called a "market" .
If the socialisation of losses falls out of favour, and a market is re-introduced, then it could, of course, go down. But with socialised losses; a one-way bet is a sure thing.
I'm not sure if you are in the right thread....but yes there was a 2.3 trillion made available by the Fed for company payrolls.I don't know what the word is for a trading environment where taxpayers stump up to ensure it doesn't go down; but it shouldn't be called a "market" .
If the socialisation of losses falls out of favour, and a market is re-introduced, then it could, of course, go down. But with socialised losses; a one-way bet is a sure thing.
FYI Investment houses typically support and donate to the Democrats.
This money was essential for many reasons, to prevent further job losses, to protect peoples pensions etc etc.......and of course to prevent a recession
YTD up just over 8%, and about 2% over the pre Covid high of Feb 24.
2 GKC said:
Can’t have much exposure to the UK market then?
As I sit here I don’t know to be honest It’s not a huge pension (6 figures, but not huge), my main pension is commercial property (and that’s not looking quite do good at the moment!)
The mist recent statement shows a 19% recovery over the Covid statement which really surprised me.
Edited to confirm actual recovery % of 19.
It’s down a tiny bit on pre-Covid levels but not by much or enough to worry about.
Edited by HoHoHo on Sunday 30th August 07:40
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