FTSE100 tracker
Discussion
I am new to this thread and have just been reading through it. Really interesting to follow your journey. I was incredibly lucky In liquidating all my positions during the third week of Feb. Fwiw I dont think this market is going to calm down and start rebuilding for a while. Beware the dead cat bounce.
Case in point, it's on its way back up today - but for how long? And what will it do tomorrow? There's no way of knowing whether we've hit bottom and are climbing, or whether this is a small blip before another downward plunge.
Meanwhile, my buy order hasn't yet gone through, which is a little annoying, presumably therefore it will be based on end of business today's figure (which currently will be higher than yesterday).
As to the account itself, its bleeding red ink. Total rate of return -21.25%, £2,316.30 down on total investment.
This is when you need to remember the long term approach. (And cross your fingers).
And why these sorts of accounts don't work as savings accounts. If I needed that money now it would have been a very painful exercise!
Meanwhile, my buy order hasn't yet gone through, which is a little annoying, presumably therefore it will be based on end of business today's figure (which currently will be higher than yesterday).
As to the account itself, its bleeding red ink. Total rate of return -21.25%, £2,316.30 down on total investment.
This is when you need to remember the long term approach. (And cross your fingers).
And why these sorts of accounts don't work as savings accounts. If I needed that money now it would have been a very painful exercise!
Ari said:
Update: Rate of return -22.8% and I'm £2,496 down on the £19K paid in.
That's of close of business yesterday, it's down again today currently.
Stay on target, Red Leader!That's of close of business yesterday, it's down again today currently.
Feel your pain - £2,342 down on 41K invested over the past 2 years, but some funds down as much as 26%.
Only a few weeks until the new ISA year starts... i'll aim to cautiously buy some more while its cheap...
daddy cool said:
Only a few weeks until the new ISA year starts... i'll aim to cautiously buy some more while its cheap...
Let's address this point re: "cheap". The market can still be more expensive than it was before the crisis if you only factor one half of the equation [Price] without calculating Earnings. P/E is a measure of valuation based upon current price and earnings (either reported or forward). If E is falling faster than P, than even declines that we are seeing may not necessarily be cheaper on a valuation basis.That said, it could be argued that Jan 18 onward was extremely frothy due to growth actually being synthetic, driven by stimulus (QE and tax cuts) and share-buybacks. Markets have fallen below Jan 18 levels, so the froth has been removed and markets are now pricing in the impact upon earnings - there will be plenty of profit warnings ahead, as there will be opportunities.
soofsayer said:
rockin said:
If I'd gone to a zero base I'd be piling back in today, say 25-30%.
So you would have lost quite a bit of that since Tuesday, and its only Thursday.Unless capitalism goes out of fashion there's no reason to believe this downturn will last forever. Otherwise I wouldn't still be sitting on a fair slug of equities hoping to ride this thing out.
In my opinion there's a good chance the "fear" is worse than the "reality". However, dividends are likely to be thin on the ground for a while.
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