Intelligent Money - your investment questions answered
Discussion
JulianPH said:
Hi Groat
Whilst I understand this was intended as banter, some of us do know people who were affected by people actually doing this.
To address your point though, whilst not nice to ride through, this is a blip in the grand scheme of things. We focus on long term investing, not short term trading.
Much of these falls are due to knee jerk reactions to headlines. To put Coronavirus into perspective, it is estimated that up to 600.000 people die from flu related respiratory conditions every year.
Another thing to remember is that whilst you will regularly see headlines shouting markets have fallen by x billion, you never see headlines saying markets have grown by y billion.
I often think the days when you got an annual statement in the post each year were better for long term investors than seeing daily price movements!
This.Whilst I understand this was intended as banter, some of us do know people who were affected by people actually doing this.
To address your point though, whilst not nice to ride through, this is a blip in the grand scheme of things. We focus on long term investing, not short term trading.
Much of these falls are due to knee jerk reactions to headlines. To put Coronavirus into perspective, it is estimated that up to 600.000 people die from flu related respiratory conditions every year.
Another thing to remember is that whilst you will regularly see headlines shouting markets have fallen by x billion, you never see headlines saying markets have grown by y billion.
I often think the days when you got an annual statement in the post each year were better for long term investors than seeing daily price movements!
Edited by JulianPH on Friday 28th February 09:43
I need to stop watching my funds all the time and learn how to log in once every 6 months haha.
It's addictive at first but I'm hoping to wean myself off value watching. Especially when events like the other day happen. Small in the long term but not good to see on a day to day basis.
Brads67 said:
JulianPH said:
Hi Groat
Whilst I understand this was intended as banter, some of us do know people who were affected by people actually doing this.
To address your point though, whilst not nice to ride through, this is a blip in the grand scheme of things. We focus on long term investing, not short term trading.
Much of these falls are due to knee jerk reactions to headlines. To put Coronavirus into perspective, it is estimated that up to 600.000 people die from flu related respiratory conditions every year.
Another thing to remember is that whilst you will regularly see headlines shouting markets have fallen by x billion, you never see headlines saying markets have grown by y billion.
I often think the days when you got an annual statement in the post each year were better for long term investors than seeing daily price movements!
This.Whilst I understand this was intended as banter, some of us do know people who were affected by people actually doing this.
To address your point though, whilst not nice to ride through, this is a blip in the grand scheme of things. We focus on long term investing, not short term trading.
Much of these falls are due to knee jerk reactions to headlines. To put Coronavirus into perspective, it is estimated that up to 600.000 people die from flu related respiratory conditions every year.
Another thing to remember is that whilst you will regularly see headlines shouting markets have fallen by x billion, you never see headlines saying markets have grown by y billion.
I often think the days when you got an annual statement in the post each year were better for long term investors than seeing daily price movements!
Edited by JulianPH on Friday 28th February 09:43
I need to stop watching my funds all the time and learn how to log in once every 6 months haha.
It's addictive at first but I'm hoping to wean myself off value watching. Especially when events like the other day happen. Small in the long term but not good to see on a day to day basis.
Not sure I was particularly impressed with the "good old days" that particular day
It's one of the the things that prompted me to switch to a SIPP as soon as it became a thing I was aware of
Jasey_ said:
I remember getting an annual pension statement and the value had pretty much halved from the previous years one !
Not sure I was particularly impressed with the "good old days" that particular day
It's one of the the things that prompted me to switch to a SIPP as soon as it became a thing I was aware of
yep I remember those days! - was also about the same time the Govt told me I could not take my money at 50 but 55 as I had planned. Thanks for that.Not sure I was particularly impressed with the "good old days" that particular day
It's one of the the things that prompted me to switch to a SIPP as soon as it became a thing I was aware of
Coincidentally...…..very soon after that I stopped paying much into a pension and put it into property which was under my control.
Brads67 said:
This.
I need to stop watching my funds all the time and learn how to log in once every 6 months haha.
It's addictive at first but I'm hoping to wean myself off value watching. Especially when events like the other day happen. Small in the long term but not good to see on a day to day basis.
That’s the huge benefit of minibonds. You get a whole 5 years of investment peace before being told all your money has gone and it was all a scam. I need to stop watching my funds all the time and learn how to log in once every 6 months haha.
It's addictive at first but I'm hoping to wean myself off value watching. Especially when events like the other day happen. Small in the long term but not good to see on a day to day basis.
As discussed before the trend of investment platforms evolving to be more like trading platforms has many benefits but the one real downside is that it can give investors the anguish of a trader.
superlightr said:
yep I remember those days! - was also about the same time the Govt told me I could not take my money at 50 but 55 as I had planned. Thanks for that.
Coincidentally...…..very soon after that I stopped paying much into a pension and put it into property which was under my control.
Yep same here, although it was 13 years of investment producing a pot worth almost exactly what it would have been worth had I simply put the contributions into a box under my bed that drove me out.Coincidentally...…..very soon after that I stopped paying much into a pension and put it into property which was under my control.
It wasn't centrally the control feature which attracted me (and in terms of property there's plenty of market forces at play which take aspects of that industry way beyond personal control), it was the simple certainty that I could create a far far far far bigger pot via my own business (mis) adventures than a pension was ever going to realistically produce.
Now in retirement I have just enjoyed an excellent February income from property alone, immediately after a very strong set of accounts for 18/19. And whilst I am trying very hard to like equity investment it keeps seeming like the old adage about the best way to make a small fortune; start with a large one.
Hopefully the recent stock price plummet is short lived, but of course it isn't the plummet that's the problem. Everyone knows the things can go up and down like the Grand Old Duke of York. The real problem is the uncertainty as to the length of time the value recovery will take.
Groat said:
Hopefully the recent stock price plummet is short lived, but of course it isn't the plummet that's the problem. The real problem is the uncertainty as to the length of time the value recovery will take.
And there's plenty of scope for it to knock into the BTL scene with tenants saying they can't pay their rent because they haven't been able to go to work. One of the big problems with this virus is going to be the scale of "excuse" it gives people for not doing stuff they don't feel like doing...
rockin said:
And there's plenty of scope for it to knock into the BTL scene with tenants saying they can't pay their rent because they haven't been able to go to work.
One of the big problems with this virus is going to be the scale of "excuse" it gives people for not doing stuff they don't feel like doing...
One of the big problems with this virus is going to be the scale of "excuse" it gives people for not doing stuff they don't feel like doing...
People get too sick to work all the time. Doesn't mean they abandon their tenancies. They don't.What COULD impact on btl is mass death. But then, so could a major earthquake, or a massive asteroid hit, or The Second Coming in anger, or high level serious civil disorder amongst homeless and hungry busted equity investors.
The point remains that nothing will get away unscathed if this virus gets a real grip - whether that grip is in peoples bodies or in their minds.
If you remember, the last financial crisis in 2008 was triggered by people who "wouldn't default" deciding they weren't going to carry on paying their mortgages after all.
If you remember, the last financial crisis in 2008 was triggered by people who "wouldn't default" deciding they weren't going to carry on paying their mortgages after all.
Groat said:
rockin said:
And there's plenty of scope for it to knock into the BTL scene with tenants saying they can't pay their rent because they haven't been able to go to work.
One of the big problems with this virus is going to be the scale of "excuse" it gives people for not doing stuff they don't feel like doing...
One of the big problems with this virus is going to be the scale of "excuse" it gives people for not doing stuff they don't feel like doing...
People get too sick to work all the time. Doesn't mean they abandon their tenancies. They don't.What COULD impact on btl is mass death. But then, so could a major earthquake, or a massive asteroid hit, or The Second Coming in anger, or high level serious civil disorder amongst homeless and hungry busted equity investors.
rockin said:
The point remains that nothing will get away unscathed if this virus gets a real grip - whether that grip is in peoples bodies or in their minds.
If you remember, the last financial crisis in 2008 was triggered by people who "wouldn't default" deciding they weren't going to carry on paying their mortgages after all.
Of course there will be the unscathed. There will even be beneficiaries. If you remember, the last financial crisis in 2008 was triggered by people who "wouldn't default" deciding they weren't going to carry on paying their mortgages after all.
And I obviously remember the last financial crisis though not especially for mortgage defaulters all of whom if owner-occupiers would simply have added to the demand for tenancies. The reality of matters is that btl did come through the financial crisis unscathed and (barring mass death) there is no reason why it should be impacted on by a flu epidemic. No reason at all.
rockin said:
Groat said:
Of course there will be the unscathed. There will even be beneficiaries.
So put your money where your mouth is, which sectors of the global do you believe will benefit from the virus?Globally? Hmm. Let me give this 2 seconds thought. Hmmmm.
Well I'd think all the death industry people in Wuhan (coffin makers, funeral directors, etc) will have seen a huge spike in business recently. So if it's going to go global megadeath, give Jockman a ring. He'll be gearing up if it's going to be proper grim.
Can't even imagine the number of specialist suppliers of everything from drugs to hospital construction materials who won't be profiting from Coronavirus as well. Worldwide sales of these facemasks must be through the roof, for instance.
But using a bit of imagination, I'd think suppliers of religious icons esp. in Catholic continents (S. America) will probably be under a bit of supply pressure too.
And so on and so forth........cleaning services......add your own.
Groat said:
And so on and so forth.........
You forgot to mention Lottery winners and Premium Bond holders. 
Meanwhile, back on planet earth, you might wish to draw attention to FTSE or S&P companies that have seen a rising share price over the past 7 days. Today's FTSE 100 movements are on this link, https://www.hl.co.uk/shares/stock-market-summary/f...
Lottery winners? Premium bond holders?? What are you on about?
You said: The point remains that nothing will get away unscathed if this virus gets a real grip
But you won't accept that's just nonsense, will you?
Why not google "which stocks benefit from coronavirus"?
https://www.google.com/search?q=which+stocks+benef...
Well?
https://markets.businessinsider.com/news/stocks/co...
You said: The point remains that nothing will get away unscathed if this virus gets a real grip
But you won't accept that's just nonsense, will you?
Why not google "which stocks benefit from coronavirus"?
https://www.google.com/search?q=which+stocks+benef...
Well?
https://markets.businessinsider.com/news/stocks/co...
Edited by Groat on Friday 28th February 23:48
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