No, because if I have any of their shares it would be in a collective and therefore a very small percentage of my portfolio.
Only invest an amount that you are prepared to lose.
More of the knock on effect it will have on the rest of the chinese, and then the world economy if they default.
I think that's a legitimate concern myself but I am a cautious old git. But I'm not alone, the FT Unhedged team are saying this
Obviously, offering an independent prediction about Chinese policy is way above Unhedged’s pay grade. But seeing how disciplined the Chinese authorities will be in the face of the Evergrande test will be one of the most interesting dramas of the coming months.
Frankly Unhedged articles a bit above my paygrade too! But yesterday, they were worrying about the fact that five times in the last few weeks the equity markets have been trying to rally, and always fallen back. All of that tells me that I should give it a couple of months to see how things play out before buying anything more (although at the same time, I would not sell, because what you gonna do with the proceeds, when inflation far outstrips anything a bank cash savings account offers?)
No, because if I have any of their shares it would be in a collective and therefore a very small percentage of my portfolio.
Only invest an amount that you are prepared to lose.
More of the knock on effect it will have on the rest of the chinese, and then the world economy if they default.
I think that's a legitimate concern myself but I am a cautious old git. But I'm not alone, the FT Unhedged team are saying this
Obviously, offering an independent prediction about Chinese policy is way above Unhedged’s pay grade. But seeing how disciplined the Chinese authorities will be in the face of the Evergrande test will be one of the most interesting dramas of the coming months.
Frankly Unhedged articles a bit above my paygrade too! But yesterday, they were worrying about the fact that five times in the last few weeks the equity markets have been trying to rally, and always fallen back. All of that tells me that I should give it a couple of months to see how things play out before buying anything more (although at the same time, I would not sell, because what you gonna do with the proceeds, when inflation far outstrips anything a bank cash savings account offers?)
Exactly, inflation and a huge state backed company defaulting is a recipe for a perfect storm imo. Even the crypto nuts people I follow seem scared about it. It’s well established we haven’t learnt the correct lessons from 2008, and this coming downturn is going to be worse imo.
Speaking of crypto… there’s always defi protocols to store your cash 😜
Well markets are bucking the trend and recovering really well from last weeks falls.
As they have done several times in the last few weeks...that was the point the FT guys were making...
Maybe time for @Rob7Lee to remind us of the predictions for FTSE 100...we're on the home straight. I'm quite Ok with my prediction - although this time, Golfie I seem to recall there's a gnat's whisker between our predictions. In fact most of us are bunched tightly together, I think, yet there are so many global Events out there ready to upset the applecart...
Well markets are bucking the trend and recovering really well from last weeks falls.
As they have done several times in the last few weeks...that was the point the FT guys were making...
Maybe time for @Rob7Lee to remind us of the predictions for FTSE 100...we're on the home straight. I'm quite Ok with my prediction - although this time, Golfie I seem to recall there's a gnat's whisker between our predictions. In fact most of us are bunched tightly together, I think, yet there are so many global Events out there ready to upset the applecart...
I've long believed that the next crash is going to come from China; the warning sign was 2015. Massive misallocation of capital on a scale never seen. The fact that it will happen in a corrupt, totalitarian state will cause Chernobyl-like chaos in markets when they can no longer cover it up (Covid-19 style). But I think it's a way off.
China will be able manipulate information and domestic corporate and financial market activity for a long time. Only once we've largely disentangled key supply chains will they be vulnerable and that's going to take time, albeit we have at least finally woken up to it after Wuhan.
Stock markets climb walls of worry. Omicron will either replace delta with a milder form or we'll carry on with delta. Either way, governments will finally wake up to the fact that lock downs cause orders of magnitude more harm than good.
Who would have thought that the eternal optimist @bobmunro would be virtually the same distance away from the correct prediction as "half empty" @oohaahmortimer! My money would be on the latter ultimately being closer.
Who would have thought that the eternal optimist @bobmunro would be virtually the same distance away from the correct prediction as "half empty" @oohaahmortimer! My money would be on the latter ultimately being closer.
Who would have thought that the eternal optimist @bobmunro would be virtually the same distance away from the correct prediction as "half empty" @oohaahmortimer! My money would be on the latter ultimately being closer.
There's still time!!
Given all the uncertainty at present anything is possible.
Currently no less than ten Lifers would be 99%+ accurate if we closed it today. For once that group even includes our resident IFA. Clearly he has learnt from us to keep his natural exuberance in check
But there are still three weeks to go, and all kinds of big stuff going on. Right now I'd say those whose forecast sits to the south of current level have a better chance.
What day and time do we close, @Rob7Lee? 31st is a Friday, I see...
Nanosynth up over 75% today on AIM after setting up a Joint Venture deal in respect of their filtration technology. The share has performed abysmally this year but maybe finally they will find a market for their products.
The venture is with VOLZ and for antiviral filters.
Comments
I only have £40k worth there now....
Only invest an amount that you are prepared to lose.
Obviously, offering an independent prediction about Chinese policy is way above Unhedged’s pay grade. But seeing how disciplined the Chinese authorities will be in the face of the Evergrande test will be one of the most interesting dramas of the coming months.
Frankly Unhedged articles a bit above my paygrade too! But yesterday, they were worrying about the fact that five times in the last few weeks the equity markets have been trying to rally, and always fallen back. All of that tells me that I should give it a couple of months to see how things play out before buying anything more (although at the same time, I would not sell, because what you gonna do with the proceeds, when inflation far outstrips anything a bank cash savings account offers?)
Maybe time for @Rob7Lee to remind us of the predictions for FTSE 100...we're on the home straight. I'm quite Ok with my prediction - although this time, Golfie I seem to recall there's a gnat's whisker between our predictions. In fact most of us are bunched tightly together, I think, yet there are so many global Events out there ready to upset the applecart...
China will be able manipulate information and domestic corporate and financial market activity for a long time. Only once we've largely disentangled key supply chains will they be vulnerable and that's going to take time, albeit we have at least finally woken up to it after Wuhan.
Stock markets climb walls of worry. Omicron will either replace delta with a milder form or we'll carry on with delta. Either way, governments will finally wake up to the fact that lock downs cause orders of magnitude more harm than good.
Here's the FTSE100 with a few weeks to go;
But there are still three weeks to go, and all kinds of big stuff going on. Right now I'd say those whose forecast sits to the south of current level have a better chance.
What day and time do we close, @Rob7Lee? 31st is a Friday, I see...
The venture is with VOLZ and for antiviral filters.