stock market crash

[scooterscot]

Be a Buffet - holding onto cash right now seems like the most wise thing one could do at the minute.

[AtW]

Did Buffet sell 100% of shares?

Think not

[Whorty]

Be a Buffet - holding onto cash right now seems like the most wise thing one could do at the minute.

Yeeeeesssss, because holding cash would have got me a 20% return since April

[TheGreenBastard]

Be a Buffet

He's the quintessential fundamentalist trader. Aren't you a 100% technicals guy?

Would you advise being a Buffett when it comes to airline stocks, selling at the bottom?

[scooterscot]

Yeeeeesssss, because holding cash would have got me a 20% return since April

Have you taken profits?

[jamesbrown]

He's the quintessential fundamentalist trader. Aren't you a 100% technicals guy?

Would you advise being a Buffett when it comes to airline stocks, selling at the bottom?

Scootie would advise anything that puts him in the extreme minority of considered opinion. It gives him the sense of being elite. Everyone else can see that he’s an elite cretin.

[Zigenare]

Have you taken profits?

Yes thanks. On a weekly basis. You?

[Andy2]

Be a Buffet - holding onto cash right now seems like the most wise thing one could do at the minute.

stuff your fiat currency , the best thing to do is buy gold and silver.
gold is rising for the last 5000 years

[TheGreenBastard]

stuff your fiat currency , the best thing to do is buy gold and silver.
gold is rising for the last 5000 years

Gold price is going to $600 pretty soon.

Gold is an excellent hedge against inflation. It sucks against currency debasement, however. I don't know why it does not react more positively against money printing. Since 2012 when money printing went out of control Gold has only lost value.

I'm happy to wait until we're around the mean price of $600 before going in large with all my Bitcoin gains.

He's now betting against BTC.

[Whorty]

Have you taken profits?

No, for 2 reasons.

1) I don't think it's going to drop much. Possible correction, but not crash. I bought in at about 5400 so a long way to go before I need to sell to crystalise profit.

2) I'm in for the long haul. And by this I means years if not decades. These are my ISAs so I'll sit on these for 10+ years. In the long haul the FTSE will go back to 7000+ ... I can be patient as this is not money I expect to need until I'm in my 70's