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Strange times right now, most shares seem to be down right now, but not tragically down, just as they look like they have stabilized and bottomed out, they take another drop down, recession is not a certainty, but is a strong possibility
so, for you long time investors that have been through it before, what's the best way of dealing with it, do you sell up/top up/ or do nothing
cheers all and have a good weekend
Great question Robleo , the days of holding shares and retaining capital are long gone, i pondered today how long or if we will see a bull market again , answer was NO, topping up / averaging down is no no, selling , do you need money ie reducing mortgage , doing nothing probably best option, read yesterday that 80% of all trades on Dow are done by automated bots now...ATB
Been through 4 of these Rob since 1990 and the answer is the same. Hold and buy more of great companies.
Reckon Mole hit the nail on the head with that...There's some bargains out there at the mo.....Be brave when others are fearful..... A quote from Warren Buffett
Thank you, Roofer/Mole and Soton, for your opinions, if you have chosen a Sipp drawdown like myself, rather than an endowment, then a long-lasting recession or market crash is always going to be the biggest concern, nobody likes to see their pension pot shrinking, got my first state pension payment this month, which is definitely not enough to live on, so will need to be supplemented when i finish work in the next month or two, agree just hold on to the shares you have, and maybe top up at a discount price if you get a good opportunity to benefit from it
cheers guys, and hope we see an improvement next week
Robleo, the big psychology is moving from a working lifetime of accumulation to a retirement lifetime of decumulation. As soon as inflation is under control it will look better. Impossible to drawdown and grow the pot when inflation is 10%+ over a period of time imo so maybe hold 3 or 6 months cash to drawdown on and stop looking at the pot. Can still have a flutter on spread betting/ day trading but not the whole pot imo
Well said Vodger....
Vodger, a perfect analysis and also very good advice on dealing with the current situation, fully agree and that's exactly what i am aiming to do
Thank you
Wise words from Vodger & from Rob as usual.
Although now retired but two years away from state pension I am receipt of an occupational pension & yearly dividends from my limited company which is still going. I was lucky enough to attend a “pre-retirement course” some years ago and the best advice given there was to try to allow for inflation, common sense really. Diversify your investments cos if you lose it all as a retiree you are stumped & try to invest with dividends received allowing for the dreaded ‘I’ word. Easier said than done in todays day & age though but I’m confident inflation will get better soon.
So far I’ve managed well with most of my dosh now in funds, I’ve sold out of individual stocks but am itching to have a play with VOD again, hence why I read the wise words here.
Apologies I should also have added that yes you need money on deposit that you can get to easily & with interest rates approaching 4% this is a decent hedge if inflation does come down. Oh & I forgot I do have some individual shares now in 5 housebuilders as I see some long term profit there, in fact I see some very good profits there in a few years in that sector. GLAll.
Thanks all. Dont forget, HMRC ultimately get a % as tax.
If you have £100k in your pot and draw it down in one go, you could pay 40% or 55% tax. So, if you are feeling glum about VOD SP performance, which do you prefer? Pay £50k to HMRC or sit on £50k paper losses until you actually need to drawdown...aimo
Thank you, Gary and others, for your wise words, hopefully this topic will be of some use to others as well
There are a lot of very experienced investors on these boards, and by asking questions you can get the benefit of their experience
Back to Vodafone, obviously we have all invested here with the hope of making a profit here, where do you all see this in say 6 months' time, don't know anyone who's been invested here longer than Dan, who is very positive, but also i think a realist, possibly most optimistic with a long-term view is Fleccy, and off the top of my head cheapsharesboy and many others, but would also be good to get constructive negative views, I'm sure there's plenty of them as well, Moleman for one is pretty good at giving us a reality check
cheers all
As a starter, sp will be much higher in 6 months imo.
Interest rate rises washed through
Asset/ business sales done _ Vantage, Egypt, Hungary, maybe uk jv or sale
Inflation indexed price increases executed
Macro trade in goods according to FedEx is weak in asia but service revenues locked in contracts and growing in europe etc
Dividends look safe in the short term with so many positive options
Perhaps i should also give my own opinion on Vodafone, which are pretty neutral, it's not been one of my best investments nor has it been my worst, but i do feel it can improve otherwise i would have sold up a long time ago, so still hopeful that i can get a profitable return for my money
Feel your pain Rob....well think we all do with hindsight would have put my money else where but hold on sure it will come good talk of a merger a while back and now the Vantage tower bid onwards and upwards as for my best investment has to be Aviva and GLO.....
Hi Soton, yes if only, unfortunately we can't win them all, all of the time as they say, but at least the dividend is covering the brokers holding fees and more, so take advantage of the dividends and wait it out seems to be the general advice, the world is in a bit of a mess at the moment, so possibly things will get worse before they can get better, let's hope we don't have to wait too long