Reply to: Newbie got into SIPP's at the wrong time

[eek]

Why I but all my money in rentable property, generates income and rises, and is as safe as ... houses.

I know someone who did that buying between 2006 and 2008 in Northern Ireland (its where they live so not totally, utterly stupid).

The losses if realised are truly, scarily eye watering.

[russell]

Why I but all my money in rentable property, generates income and rises, and is as safe as ... houses.

[fullyautomatix]

No as I have invested in a spread of managed funds and a copper mine which has good potential but I am now down nearly 20% and falling. All I can do is sell up and switch to something less volatile but doubt such at thing exists at present.

If its a SIPP you are only going to dip into it when you are in your sixties. What are you worrying about ?

If you invested in the market to make a short term gain you have made your move at the wrong time. If you had a short term vision then sell up and cut your losses, put your money in a high interest account.

[kermitt]

No as I have invested in a spread of managed funds and a copper mine which has good potential but I am now down nearly 20% and falling. All I can do is sell up and switch to something less volatile but doubt such at thing exists at present.

[NorthWestPerm2Contr]

OP:

You ever heard of a stop loss? I bought some Shell/BP shares just before the crash and they got sold automatically when they got to the point I specified.

[DimPrawn]

Not all insurances will pay out on civil unrest

Businesses and homes who are victims of the UK riots will be covered by insurance | The Sun |News|Sun City

HTH

[Halo Jones]

Insurance?

Not all insurances will pay out on civil unrest

[AtW]

No but it can be burnt down by looters.

Not if it is in Wandsworth.

HTH

BIDI

[eek]

And could also be taxed more as a second home when the Gov realise they need more money. BTL seems far from a safe bet at present.

But you could argue the same about a pension. They could just as easily decide that any pension withdrawal over £10,000 an annum should be taxed at 50%.

To be honest you need a mixed portfolio. Cash, ISAs a pension and possibly a BTL or two. Whatever you do however, you need to make a decision act upon it and stick to it. Shares are a long term investment so leave it for the moment and wait for the market to improve.

[DimPrawn]

No but it can be burnt down by looters.

Insurance.

How do you insure your stocks from losing 90% of their value?

[administrator]

No but it can be burnt down by looters.

And could also be taxed more as a second home when the Gov realise they need more money. BTL seems far from a safe bet at present.

[SueEllen]

Another reason why BTL is a better investment than a pension. No one can short your BTL and a BTL can't go bust.

No but it can be burnt down by looters.

[DimPrawn]

Ride the storm.

Stock market investments are for the long term.

WSS.

In 20 or 30 years you'll be back with a small profit.

What people don't realise now is that the era of stock market investment is over, this is now an era of the trader, who buys and sells and holds for seconds not years. Hedge funds buying and shorting billions of $$$ of stocks every day.

Another reason why BTL is a better investment than a pension. No one can short your BTL and a BTL can't go bust.

[MarillionFan]

Itll come back up.

At some point....

[SueEllen]

Ride the storm.

Stock market investments are for the long term.