So - honest question for somebody who isn't that clued up on things. Should I continue to drip-feed my ISA, pension and daughter's JISAs? I've been putting in £1k/month into pension and £100/month into the JISA and ISA. The ISA portfolio is crap anyway and I'll change it if it ever recovers and the JISAs and SIPP are all Vanguard LS80. I realise if I keep drip-feeding I'll be reducing my average price, I only started them 14 months ago. But I could just be losing more money. They are both long-term investments - between 10-15 years for the JISAs at least and at least 20 years for my SIPP.
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Originally posted by AtW View PostQuick recovery will only happen IF effective large scale anti-virals helped beat virusComment
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What's wrong with holding cash? That's what I'm doing with a portion of my portfolio. Until there's a clear indication of recovery / confidence returning to the economy my cash stays in reach. So what if my cash is not earning interest, it's a lot better than losing another 30+ on the stock market."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostWhat's wrong with holding cash? That's what I'm doing with a portion of my portfolio. Until there's a clear indication of recovery / confidence returning to the economy my cash stays in reach. So what if my cash is not earning interest, it's a lot better than losing another 30+ on the stock market.
I like Oil currently, unsustainable cheap price $22, has a price floor due to production costs and in 6-12 months could easily double. China already flattened the curve and will start using more Oil soon. Germany today first signs of flattening. Off topic: UK exception, rather doomed as not enough social distancing, look at twitter images from tube this morning, pathetic (not sure if I am allowed to post links here)
Thanks for the insightful posts, great threadComment
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I think oil will go <$10 a barrel - so be careful. Cost of production is the same argument I'm hearing for sliver mining, which is currently priced less than it costs to pull it out of the ground. The economy is the driver of wealth, the wealth creator. Take Silver for example, it doesn't get it price from folks holding it in fear of financial Armageddon, the price actions comes from industry. The largest industry users by far is the electronics industry, in particular the mobile phone industry. Do we think US citizens are going to use their cash handouts to buy the latest iPhone?
Same argument with oil, the appetite has absolutely vanished. However it might also be an excellent time to get in. Who'd have thought we'd be paying the same price for oil today as we were in 1987! I guess that means you guys are paying 37p per litre at the pumps?
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by TheCyclingProgrammer View PostSo - honest question for somebody who isn't that clued up on things. Should I continue to drip-feed my ISA, pension and daughter's JISAs? I've been putting in £1k/month into pension and £100/month into the JISA and ISA. The ISA portfolio is crap anyway and I'll change it if it ever recovers and the JISAs and SIPP are all Vanguard LS80. I realise if I keep drip-feeding I'll be reducing my average price, I only started them 14 months ago. But I could just be losing more money. They are both long-term investments - between 10-15 years for the JISAs at least and at least 20 years for my SIPP.Comment
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Originally posted by ChimpMaster View PostScoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Probably OTT but sobering nonetheless.
Who's Going to Bail Out the U.S. Treasury and Federal Reserve?
"But now Goldman Sachs projects GDP will contract by 24% in the second quarter. Federal Reserve Bank of St. Louis President James Bullard said make that 50% on Sunday, and expect to see unemployment skyrocket to as high as 30%."Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by ChimpMaster View Post
Go'an yerself - buy that dip, I double dare you."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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