Recession Coping strategy

[sasguru]

Had a chat to a fund manager mate about when to bottom feed for high yield blue chip stocks and he reckons there is a long way to go yet, possibly a very long way.

Agree with that ...

[Jog On]

I will be investing in lottery tickets as per usual.

[Clippy]

Had a chat to a fund manager mate about when to bottom feed for high yield blue chip stocks and he reckons there is a long way to go yet, possibly a very long way.

At what point do you reckon is a good time to jump in?

When the FTSE hits 5000 or lower?

[rootsnall]

At what point do you reckon is a good time to jump in?

When the FTSE hits 5000 or lower?

How long is a piece of string !?

Dotcom crash time I set my buy back in figure at 4000 but then lost my bottle. The banks are the ones my mate was most worried about, so even if they are paying 7% divi ( and rising ) best avoid them. If your steady cash cow companies such as Shell, BP, Unilever etc get equally battered then I don't think they have the same chance of becoming a basket case and it's those I'd be looking to buy. If we have a proper recession then it's probably better buying nowt for a good while.

[DiscoStu]

My plan is to visit a country where organ sale isn't illegal and auction a kidney.

[rootsnall]

My plan is to visit a country where organ sale isn't illegal and auction a kidney.

India ! How much do you reckon it's worth ?

ps. a few years back the going rate was a transistor radio

[DiscoStu]

India ! How much do you reckon it's worth ?

ps. a few years back the going rate was a transistor radio

That's probably too much cheapness for me. Still, when you've got to do the needful...