Is it me but does the Funds market look a bit frothy

[98elise]

Dr Mike Oxgreen said:

98elise said:

If the situation with corona looks like it's going to impact the stock market then I want to be far less exposed while things settle.

Eh?

What on earth do you mean “if the situation with corona looks like it’s going to impact the stock market”?

Have you been living under a rock for the last three or four weeks?!

Corona has been probably the single biggest impact on global stock markets over the last month. We’ve already been through the worst of it and more-or-less come out the other side - had you not noticed?

Not gloating, but it looks like I called it exactly right. When I said I was pulling out my SIPP was at an all time peak and there really seemed to be little impact on the stock markets.

It's a very different story now.

[HarryW]

Thing is where is the bottom,.....

I have balanced mix of funds across the globe and was wondering if it’s too late to side step them into a cash fund...

[bitchstewie]

Of course not, you can always take the hit and sell.

The guess, and it feels like it is a guess, is simply whether next week things will be down or they may be up by 10%.

I don't think the markets needed much of an excuse for this.

[Phooey]

rockin said:

You have the absolute satisfaction of knowing that whatever happens, you weren't getting in at the top

Cheers. And that is the exact thinking of my actions. I'm not going to try and wait for the markets to settle, because not one of us knows when this will be, but as you highlight above - avoiding buying in at the top has a very good chance of one day becoming a gain. I'm not being daft and chucking tens of thousands of *new* money in one go at it, just dripping in daily (to use our ISA allowances). I put some more into VG last night, and will more than likely do the same this evening, and again next week...

[churchie2856]

My plan is simply to sit tight and hold. Right now everything is down, but at some point they witll be back up ... thats what I tell myself. Granted my interests and time frame has always ben the long term.

Doing nothing, in my experience, has been more successful that any proactive trading or attempts to time the markets.

[bmwmike]

Sitting tight here too. Funds are down, and the thing i hate about funds anyway is that they take days to sell so you never seem to know what price you'll get. Easier to drip new money into them and get more units/£.

My stocks on the other hand are ~11% down ouch, but will get worse. Thing is though, ordinarily i'd buy every one of those stocks back at these levels (i know its not "ordinary" times but these are not times, so much as a short period, so far) so why would i sell. Decision paralysis or sensibly avoiding emotion driven knee jerk reactions... cant decide

[Condi]

It all seems a bit overblown to me... more 'fear' than 'fact'. Certainly the experience of travelling through airports recently didn't feel abnormal, so unless airlines start cancelling huge numbers of flights I dont really see why so much has been knocked off EasyJet and the like.

Given the recent drop in prices I'm in no hurry to sell, and will likely take a punt on some airline stocks at some point.

[98elise]

Condi said:

It all seems a bit overblown to me... more 'fear' than 'fact'. Certainly the experience of travelling through airports recently didn't feel abnormal, so unless airlines start cancelling huge numbers of flights I dont really see why so much has been knocked off EasyJet and the like.

Given the recent drop in prices I'm in no hurry to sell, and will likely take a punt on some airline stocks at some point.

Certainly particular stocks take a battering when something like this happens.The same happened with 9/11, and IIRC she the volcano erupted.

[Sheepshanks]

98elise said:

Not gloating, but it looks like I called it exactly right. When I said I was pulling out my SIPP was at an all time peak and there really seemed to be little impact on the stock markets.

It's a very different story now.

I've written in several related threads that it's seemed bizarre to me that US indexes were hitting all-time records at the same time as the scope of the virus was still very unknown in China.

I haven't sold anything myself but for a long time I've had far too much in cash, although that's been more about my personal fear that I seem to be the kiss of death on stock prices!

[98elise]

Sheepshanks said:

98elise said:

Not gloating, but it looks like I called it exactly right. When I said I was pulling out my SIPP was at an all time peak and there really seemed to be little impact on the stock markets.

It's a very different story now.

I've written in several related threads that it's seemed bizarre to me that US indexes were hitting all-time records at the same time as the scope of the virus was still very unknown in China.

I haven't sold anything myself but for a long time I've had far too much in cash, although that's been more about my personal fear that I seem to be the kiss of death on stock prices!

I got out of individual stocks years ago because I seemed to be a jinx on any company I invested in!

[doogle83]

I'm still trying to buy in my Vanguard S&S ISA. Same amount ever month on payday... The buy from 28th just isn't going through though by the looks of it, bds!



Doesn't give me confidence in selling quickly if I ever wanted to!

[Phooey]

doogle83 said:

I'm still trying to buy in my Vanguard S&S ISA. Same amount ever month on payday... The buy from 28th just isn't going through though by the looks of it, bds!



Doesn't give me confidence in selling quickly if I ever wanted to!

Have you checked your Contract Note in Documents?

[doogle83]

"Speak of the devil" There is still no conract note in my Documents but I can now see a new green blip so looks like it's been fulfilled. Guess the contract note will come later...

Seem to have bagged some more at the same price I paid in November so happy enough with that.

[98elise]

I'm pretty much 100% cash now in my SIPP. Last sell order should complete today, but it looks like it's going to be a bloodbath.

When if when it properly hits the US it's going to be mental.

[anonymous-user]

Will you get the live price when the order completes today, or the price your ordered the sell at ?

[98elise]

Sambucket said:

Will you get the live price when the order completes today, or the price your ordered the sell at ?

I believe for funds it's when the sale completes. I've never really considered it before because my sell horizon was years in the future so a day difference was nothing.

I still have funds in in my ISA's though, but relatively small compared to my SIPP.

[bmwmike]

I've got unused tax relief going back 3 years. Thinking of moving the ISA funds (which are at a loss) into SIPP for 40% upswing et voila no paper loss.

Or put another way seems mad to absorb a loss when tax relief is going unused.

Only caveat is having to wait till 57.

Anyone else thinking along these lines?

[anonymous-user]

bmwmike said:

moving the ISA funds (which are at a loss) into SIPP for 40% upswing et voila no paper loss.

Doing that when the market is low simply means you get a reduced benefit from the "40% upswing" of income tax relief. I can't see the point of doing that.