Brexit and stocks shares ISA

[Z064life]

Hi

I see the threads RE Brexit but I thought I'd ask this seperately...


I have a stocks and shares ISA with the Alliance Trust (I can't remember exactly where the investments are now). Following the vote to leave, what's the best strategy? I'm kickign myself I didn't transfer the funds but intend to go home and see the damage!


Thanks

[Simpo Two]

Z064life said:

I have a stocks and shares ISA with the Alliance Trust (I can't remember exactly where the investments are now). Following the vote to leave, what's the best strategy? I'm kickign myself I didn't transfer the funds but intend to go home and see the damage! Thanks

Sit tight and wait for it to recover, I'd say. Cheer yourself up by saying it's only a loss when you sell it.

[Z064life]

Simpo Two said:

Sit tight and wait for it to recover, I'd say. Cheer yourself up by saying it's only a loss when you sell it.

Are you in the same boat?

I guess this is similar to the China situation last year maybe? (Where I raised the same concern).

[R8Steve]

There might not be any damage or very little, the market as a whole has recovered strongly this afternoon.

One of my shares was down about 15/16% this morning and is now actually UP 1% as an example.

It was a great buying opportunity this morning, you almost couldn't go wrong first thing this morning!

[Z064life]

R8Steve said:

There might not be any damage or very little, the market as a whole has recovered strongly this afternoon.

One of my shares was down about 15/16% this morning and is now actually UP 1% as an example.

It was a great buying opportunity this morning, you almost couldn't go wrong first thing this morning!

Up 1% to the state pre this morning or just up 1% after the dip?

What's the best way to generally track this stock market performance overall? Any good sites/charts?!


Thanks!

[R8Steve]

Z064life said:

Up 1% to the state pre this morning or just up 1% after the dip?

What's the best way to generally track this stock market performance overall? Any good sites/charts?!


Thanks!

Up 1% on yesterdays close. So it was -16% this morning and now it's +1%, a lot of the stocks i have and keep an eye on are similar. The biggest casualties are the banking/property sector which was to be expected.

If it's just basic info you're wanting to track i just use IG index app on my phone. That gives live prices, watchlists, basic charts, alerts, etc.

Was that the kind of information you were looking for?

[Z064life]

R8Steve said:

Up 1% on yesterdays close. So it was -16% this morning and now it's +1%, a lot of the stocks i have and keep an eye on are similar. The biggest casualties are the banking/property sector which was to be expected.

If it's just basic info you're wanting to track i just use IG index app on my phone. That gives live prices, watchlists, basic charts, alerts, etc.

Was that the kind of information you were looking for?

That was thanks! I will go home and see what the current situation is!

[Simpo Two]

Z064life said:

Simpo Two said:

Sit tight and wait for it to recover, I'd say. Cheer yourself up by saying it's only a loss when you sell it.

Are you in the same boat?

I've been in this boat several times. I used to get cross with the professionals I'd trusted to manage things for me (on the basis they knew more than me); now I don't bother any more because, actually really, they don't. When markets fall the herd panics. The contrarian goes 'yippee', invests, and voila, prices gradually return to normal. That's an over-simplification but you get the idea.

Yesterday I thought I'd got it slightly right, this morning I thought I'd got it very wrong, and in fact it didn't make much difference.

[jeff m2]

The UK market fell less than most others, the French got creamed.
As did my Dollar denominated European Fund, down 10.9%

Overall I'm still up YTD, but only just.

[Willy Nilly]

My girlfriend works for a finance company in London, they did a LOT of business yesterday