| Why is coved-19 having so little impact on the markets? 23:58 - Apr 2 with 981 views | Occasional_Showers |
The stock market is down, but not by much, and precious metals are still trading at 10 year lows.
It seems very odd, or is the sh-t yet to hit the fan so to speak? |  |
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| Why is coved-19 having so little impact on the markets? on 00:25 - Apr 3 with 967 views | Occasional_Showers |
I’ve been reading that because of the lockdown physical sales of gold and silver in India and Asia have ground to a halt. On the other hand online silver coin sales in the US are up 400% on March 2019. I’m a collector, but do it as much as an interest as an investment so only go for quality silver (mostly pre 1800 stuff), been collecting for years so like to keep an eye on things and won’t buy when prices go up. I reckon that once the pandemic passes and the world recession bites gold/silver will shoot up as it did in 2010 following the credit crunch. Probably a good time to buy now, but if/when it starts taking off don’t bother. [Post edited 3 Apr 2020 0:27]
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| Why is coved-19 having so little impact on the markets? on 08:59 - Apr 3 with 836 views | City_boy |
The market and pound have dropped significantly.
My portfolio which I thought was well balanced, is spread across a number of asset classes, sectors and indices is down around 16% - which is low compared to FTSE and DOW falls of around 23% in last quarter.
Many popular shares that people bought for dividends have tanked - e.g. HSBC, Petrol, insurance - even some Utilities and cigarettes which ordinarily are quite safe have suffered.
On top of this, people in retirement who rely on invested income and dividends are now seeing a number of companies not paying dividends for 2020, which will impact them.
On the question - is there more to come ?
This will become clearer in coming weeks when the impact on companies becomes clearer, and the situation starts to stabilise, although most of this is factored in by the market.
The other question people are pondering is should they buy ? This is like when to catch a falling knife ! This comes down to appetite for risk and like any share buying - what you can afford to lose/or wait to recover if it goes wrong. |  | | |
| Why is coved-19 having so little impact on the markets? on 09:21 - Apr 3 with 820 views | Heisenberg |
| Why is coved-19 having so little impact on the markets? on 08:59 - Apr 3 by City_boy |
The market and pound have dropped significantly.
My portfolio which I thought was well balanced, is spread across a number of asset classes, sectors and indices is down around 16% - which is low compared to FTSE and DOW falls of around 23% in last quarter.
Many popular shares that people bought for dividends have tanked - e.g. HSBC, Petrol, insurance - even some Utilities and cigarettes which ordinarily are quite safe have suffered.
On top of this, people in retirement who rely on invested income and dividends are now seeing a number of companies not paying dividends for 2020, which will impact them.
On the question - is there more to come ?
This will become clearer in coming weeks when the impact on companies becomes clearer, and the situation starts to stabilise, although most of this is factored in by the market.
The other question people are pondering is should they buy ? This is like when to catch a falling knife ! This comes down to appetite for risk and like any share buying - what you can afford to lose/or wait to recover if it goes wrong. |
My heart bleeds. It must be terrible for stock market speculators and investors. |  |
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| Why is coved-19 having so little impact on the markets? on 09:47 - Apr 3 with 799 views | City_boy |
| Why is coved-19 having so little impact on the markets? on 09:21 - Apr 3 by Heisenberg |
My heart bleeds. It must be terrible for stock market speculators and investors. |
Guessing you don't have a pension then ? This will affect everyone.
It will especially hit people who are retired or approaching retirement, that will start drawing down on their pensions. Some of these people rely on their pension income and have no other means. If it erodes their pension, they will simply become a burden on the state.
Those in their mid 50's below have time for this to recover and take a long term view. [Post edited 3 Apr 2020 9:51]
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| Why is coved-19 having so little impact on the markets? on 09:49 - Apr 3 with 795 views | Bison |
| Why is coved-19 having so little impact on the markets? on 09:47 - Apr 3 by City_boy |
Guessing you don't have a pension then ? This will affect everyone.
It will especially hit people who are retired or approaching retirement, that will start drawing down on their pensions. Some of these people rely on their pension income and have no other means. If it erodes their pension, they will simply become a burden on the state.
Those in their mid 50's below have time for this to recover and take a long term view. [Post edited 3 Apr 2020 9:51]
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Public sector will be fine as the taxpayer pays for them , everyone else in deep doo doo. |  |
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| Why is coved-19 having so little impact on the markets? on 10:00 - Apr 3 with 778 views | City_boy |
| Why is coved-19 having so little impact on the markets? on 09:49 - Apr 3 by Bison |
Public sector will be fine as the taxpayer pays for them , everyone else in deep doo doo. |
Fair point, as most will be on Defined Benefit pensions (Final Salary), but these too are dependent on Equity and Bond markets.
Many of these schemes are already under funded, and part of our council tax goes towards these schemes. | | | |
| Why is coved-19 having so little impact on the markets? on 10:05 - Apr 3 with 774 views | Occasional_Showers |
| Why is coved-19 having so little impact on the markets? on 08:59 - Apr 3 by City_boy |
The market and pound have dropped significantly.
My portfolio which I thought was well balanced, is spread across a number of asset classes, sectors and indices is down around 16% - which is low compared to FTSE and DOW falls of around 23% in last quarter.
Many popular shares that people bought for dividends have tanked - e.g. HSBC, Petrol, insurance - even some Utilities and cigarettes which ordinarily are quite safe have suffered.
On top of this, people in retirement who rely on invested income and dividends are now seeing a number of companies not paying dividends for 2020, which will impact them.
On the question - is there more to come ?
This will become clearer in coming weeks when the impact on companies becomes clearer, and the situation starts to stabilise, although most of this is factored in by the market.
The other question people are pondering is should they buy ? This is like when to catch a falling knife ! This comes down to appetite for risk and like any share buying - what you can afford to lose/or wait to recover if it goes wrong. |
Without looking at exact numbers the FTSE has dropped from about 7000 to 5000. Basically sitting at a point when it was in recovery in 2010. Given the apocalyptic predictions of this crisis compared to the credit crunch it’s odd that it’s not fallen to 3500 at least. The 5000 seems relatively upbeat to me hence my assessment that there has been little impact so far.
I’ve got a bit locked into equities but won’t be needing it for 20 years so I’m just going to leave it be as things will recover. I reckon there are big falls to come though and i’ll regret not acting on my suspicions. [Post edited 3 Apr 2020 10:10]
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| Why is coved-19 having so little impact on the markets? on 10:41 - Apr 3 with 749 views | Mr_Happy |
| Why is coved-19 having so little impact on the markets? on 10:05 - Apr 3 by Occasional_Showers |
Without looking at exact numbers the FTSE has dropped from about 7000 to 5000. Basically sitting at a point when it was in recovery in 2010. Given the apocalyptic predictions of this crisis compared to the credit crunch it’s odd that it’s not fallen to 3500 at least. The 5000 seems relatively upbeat to me hence my assessment that there has been little impact so far.
I’ve got a bit locked into equities but won’t be needing it for 20 years so I’m just going to leave it be as things will recover. I reckon there are big falls to come though and i’ll regret not acting on my suspicions. [Post edited 3 Apr 2020 10:10]
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The FTSE is little more than a market place algorithm. It will find it's right level as and when,it always does. |  |
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| Why is coved-19 having so little impact on the markets? on 10:46 - Apr 3 with 745 views | City_boy |
| Why is coved-19 having so little impact on the markets? on 10:05 - Apr 3 by Occasional_Showers |
Without looking at exact numbers the FTSE has dropped from about 7000 to 5000. Basically sitting at a point when it was in recovery in 2010. Given the apocalyptic predictions of this crisis compared to the credit crunch it’s odd that it’s not fallen to 3500 at least. The 5000 seems relatively upbeat to me hence my assessment that there has been little impact so far.
I’ve got a bit locked into equities but won’t be needing it for 20 years so I’m just going to leave it be as things will recover. I reckon there are big falls to come though and i’ll regret not acting on my suspicions. [Post edited 3 Apr 2020 10:10]
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All fair and valid points.
There are a couple of reasons for this.
1. The Banks are now better prepared after the financial crisis and there is increased liquidity. However, the Banks are under growing pressure to help and it remains to be seen how many of these (not just UK) are impacted if this goes on too long and when the defaults start hitting.
2. The FTSE was quite cheap compared to its peers in Europe/US markets even before this all kicked off.
I think there are some good opportunities in the FTSE 100 over the long term.
Taking the long term view and compounding dividends (re-investing) should be fine over this period.
The message I was trying to convey earlier, is that the financial markets affects us all.
I would be interested to know if anyone who was in a Defined Benefit (Final salary pension) and decided to
leave before this kicked off or still considering leaving a final salary scheme ? | | | |
| Why is coved-19 having so little impact on the markets? on 10:56 - Apr 3 with 735 views | Bison |
| Why is coved-19 having so little impact on the markets? on 10:46 - Apr 3 by City_boy |
All fair and valid points.
There are a couple of reasons for this.
1. The Banks are now better prepared after the financial crisis and there is increased liquidity. However, the Banks are under growing pressure to help and it remains to be seen how many of these (not just UK) are impacted if this goes on too long and when the defaults start hitting.
2. The FTSE was quite cheap compared to its peers in Europe/US markets even before this all kicked off.
I think there are some good opportunities in the FTSE 100 over the long term.
Taking the long term view and compounding dividends (re-investing) should be fine over this period.
The message I was trying to convey earlier, is that the financial markets affects us all.
I would be interested to know if anyone who was in a Defined Benefit (Final salary pension) and decided to
leave before this kicked off or still considering leaving a final salary scheme ? |
I don't think people get the huge benefits of DB schemes like public workers get compared to the contribution schemes. I put a very large chunk into my pension each month from my wages just for it to be worth anything when I retire.
https://www.taxpayersalliance. | |
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| Why is coved-19 having so little impact on the markets? on 11:53 - Apr 3 with 706 views | Gennaro_Contaldo |
| Why is coved-19 having so little impact on the markets? on 09:47 - Apr 3 by City_boy |
Guessing you don't have a pension then ? This will affect everyone.
It will especially hit people who are retired or approaching retirement, that will start drawing down on their pensions. Some of these people rely on their pension income and have no other means. If it erodes their pension, they will simply become a burden on the state.
Those in their mid 50's below have time for this to recover and take a long term view. [Post edited 3 Apr 2020 9:51]
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This.
My pension has lost 10s of thousands in value, but I know I have time for it to recover being in my early 40s - hopefully. |  |
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| Why is coved-19 having so little impact on the markets? on 12:00 - Apr 3 with 700 views | SteveMoron |
I wish I'd bought some shares in Zoom! |  | | |
| Why is coved-19 having so little impact on the markets? on 13:16 - Apr 3 with 669 views | City_boy |
| Why is coved-19 having so little impact on the markets? on 12:00 - Apr 3 by SteveMoron |
I wish I'd bought some shares in Zoom! |
Yep - nice return if you bought these a year ago at around $60 - they are now around $120.
I think these will volatile and an interesting ride. You could have bought these on the up now sit on 30% drop.
They need to overcome some of the security challenges which they appear to be doing. Zoom will certainly give companies like Cisco a run as it is a free product, unlike Web-ex.
After it all settles down, this event will change how companies operate. It has proved that with a bit of planning and acceptance by companies/management, that home working can work, and will save companies a fortune in office space and comm's. | | | |
| Why is coved-19 having so little impact on the markets? on 15:50 - Apr 3 with 624 views | darthvader |
Kingsland market was a bit quiet , i hear the oranges were going cheap .
The bloke was shouting buy buy buy . |  |
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