Kredit Krunch - how much have you lost this month?

[mrdonuts]

i just said that

[Methuselah]

For those of you who find the "how much do I earn / how much is my house worth"-type threads just a little too smug....

I have been keeping an eye on my various pensions schemes and they have lost around £8,000 since the beginning of the month. Of course, this is not real money and a pension is a marathon, not a sprint (just the the Premier League or whatever it's called these days).

Who's got the balls to admit they've lost (at least on paper) more serious amounts of dosh?

Lost about 1k, due mainly to not having enough invested in the first place!

Investing in general is a marathon. I'm sitting tight, since I think the alternative is to sell after it goes down, and buy again after it goes up. Don't like that one.

[milanbenes]

Methuselah,

speaking for myself, having done what you just said during the dot com crash, experiences has taught me, if I were currently holding shares I would be liquidating with no fear, getting my money into cash and waiting to see what happens.

Be careful with your strategy.

Do your own research etc.

Milan.

[Pinto]

37p

I have a hole in my trouser pocket, which I keep forgetting about!

[ChimpMaster]

Methuselah,

speaking for myself, having done what you just said during the dot com crash, experiences has taught me, if I were currently holding shares I would be liquidating with no fear, getting my money into cash and waiting to see what happens.
Milan.

This is exactly what many investors are going through now, causing in effect a snowball effect on the markets.

I'm sitting tight. A lot of my money is in Asia and I've lost about 20% of it the past 4 weeks or so. You've got to look at it long term.

I'm ready to pounce in with more purchases once things settle down a bit.

[milanbenes]

'You've got to look at it long term.',


sorry to sound like an old man...

but I said the same in 2001 !!!

and lost a fecking fortune, luckily I had time to earn it back

2001 is still in many people's memories hence liquidating at the moment

agreed you have to look long term, but it is safer to lose 10% by liquidating now and re-purchasing later, than to hold now and maybe lose a lot more like we all did in 2001

like I said if I had any shares I would be in cash at the moment watching and waiting on the sidelines ready to get back in

could also be a useful exercise, give you the chance to look around at what's on offer and stop you fooling in love with the shares you hold

be careful

Milan.

[bobhope]

Pension 90% in cash since end last year.

Shorts are doing pretty nicely though - holiday is almost paid for.

[jenever]

I'm with Milan - lost so much in 2000 I still don't hold many shares.

Put some in gold so that next time I would have some protection, and if I look at the price now ...


oh b@gger.

[King Cnvt]

I'm waiting to see if there is a knock on effect on Oil and other commodities.

That's where my money will go when the commodity markets fall. People will always need food, oil and construction materials, especially India, China etc. booming off the scale.

[milanbenes]

King,

on the back of what you just said, did you see Nestle's results yesterday ?

Milan.