I'm buying Andrex and cushelle.
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What shares are you buying now - if any?
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The magic money tree!
Great - now we can have a proper crash.
Coronavirus: Emergency cash to help businesses and operations delayed
All non-urgent operations in England will be postponed from 15 April to free up 30,000 beds to help tackle coronavirus, NHS England has said.
The emergency policy will be in place for at least three months.
It comes as a further 14 people in England have died with the virus, as well as one each from Scotland and Wales, taking the UK death toll to 71.
And Chancellor Rishi Sunak has unveiled government-backed loans worth £330bn to prop up the UK economy.
"Never in peacetime have we faced an economic fight like this one," he said at a Downing Street press conference, as he unveiled an "unprecedented package" of measures to ease the financial burdens caused by the virus.
The £330bn in loans - equivalent to 15% of GDP - are designed to help businesses pay for supplies, rent and salaries, the chancellor said.
Other measures to be put in place include extended business rates relief and a three-month mortgage holiday for people in financial difficulty as a result of the virus.
"We must act like any wartime government and do whatever it takes to support our economy," Prime Minister Boris Johnson said."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Businesses that people still need e.g telecoms ; BT,
Companies that will still do well, gold miners: Fresnillo, Hochschild
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Originally posted by Nut View PostI had my isa across various index funds and panic sold them all yesterday at about 30% down
So don't worry guys now i've done that the market will fire back on all cylinders you'll be fineI am what I drink, and I'm a bitter manComment
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Originally posted by scooterscot View Post
Tell me you understand that just because Glencoe trade in commodities, when you guy their shares you are not actually buying the commodities yourself?
Buying GLEN doesn't make you a commodities trader; you're just an equity trader.
Buying coffee, steel, bog roll, makes you a commodities trader.
You draw a nice graph fella, but I do worry that you're convincing others on here that you know what you're talking about, and getting them to follow your lead. It's a dangerous game when you're unsure yourself what you're doing.Last edited by Whorty; 18 March 2020, 08:20.I am what I drink, and I'm a bitter manComment
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I says get out of equities, get exposure to commodities... can’t you read??"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 Whorty View PostJust sit tight, buy more if you can, and wait for the market to rise again as it always does."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 Whorty View PostI do worry that you're convincing others on here that you know what you're talking about."Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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Originally posted by scooterscot View PostI says get out of equities, get exposure to commodities... can’t you read??Comment
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Originally posted by scooterscot View PostI says get out of equities, get exposure to commodities... can’t you read??
That is not getting out of equities. That is staying in equities, but just in one sector, thus putting all your eggs (are they a commodity?) in one basket.
Getting into commodities would be buying the actual commodity, not the equity of a commodity company.
You can keep squirming, but it's very clear.I am what I drink, and I'm a bitter manComment
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