Bought into ADV last week, 30% up till today’s disastrous RNS, now down 81%, fooking hell.
Completely fucked my SIPP
I sympathise. The thought of investing in AIM oil prospects sends shivers down my spine. Got burned more than once years ago and have left AIM well alone since. You can't trust anything there.
If it helps, I have tended to look at falls horizontally, eg the price hasn't gone down 40%, it's gone back three months. Probably just kidding myself though.
Having congratulated myself on avoiding those nasty/expensive IFAs and set up my own Aviva SIPP and then choosing a low risk bonds-dominated managed option- it just tanked.
Since 20 Nov when I set it all up, it's down 0.5%
I could have put it all under my mattress and cut out many middle men.
Thank God for premium Bonds (another 25 quid this month)
Interesting melt down in US stocks this evening. Appears to be Russia as yields are fairly steady.
Unless you're seeing something different to me I wouldn't call a 1% fall a "meltdown". Admittedly the Dow & the S&P500 were both in positive territory with about 2 hours to go, but nothing a profits warning or a statement from The Fed wouldnt spark.
Interesting melt down in US stocks this evening. Appears to be Russia as yields are fairly steady.
Unless you're seeing something different to me I wouldn't call a 1% fall a "meltdown". Admittedly the Dow & the S&P500 were both in positive territory with about 2 hours to go, but nothing a profits warning or a statement from The Fed wouldnt spark.
Maybe not a meltdown, to be fair, but the NASDAQ's now 11% down from the peak and below its 200d moving average.
Next week will give some indication if earnings are going to allay inflation fears. Netflix wasn't a good start and shares like Peleton, masquerading as tech shares, are getting hammered.
Interesting melt down in US stocks this evening. Appears to be Russia as yields are fairly steady.
Unless you're seeing something different to me I wouldn't call a 1% fall a "meltdown". Admittedly the Dow & the S&P500 were both in positive territory with about 2 hours to go, but nothing a profits warning or a statement from The Fed wouldnt spark.
Maybe not a meltdown, to be fair, but the NASDAQ's now 11% down from the peak and below its 200d moving average.
Next week will give some indication if earnings are going to allay inflation fears. Netflix wasn't a good start and shares like Peleton, masquerading as tech shares, are getting hammered.
Yup. It wasn't just last night that there have been large falls in the Dow and NASDAQ, this has been going on since the start of the year.
And its effect on some very popular funds has been dramatic. On 31/12 BG America stood at 18.65. It is now 14.68 and will be a lot lower tonight. BG Global Discovery was 22.76 on 31/12. Now it is 19.01. Last year's gains being wiped out in weeks.
Even everyone's favourite - Fundsmith Equity - has hit the buffers. 6.78 on 31/12, now 6.16.
You refer to Peleton. I will offer you a similar share I hold - Experian. Down 20% since the start of the year for absolutely no good reason I can see. (It has even published really good results during this time).
These are huge falls which just make me think that we kid ourselves we are investing. Really at times like this I can only say we are gambling.
If anyone's portfolio is higher now than at the start of the month, then I will happily use you as my financial adviser!
Interesting melt down in US stocks this evening. Appears to be Russia as yields are fairly steady.
Unless you're seeing something different to me I wouldn't call a 1% fall a "meltdown". Admittedly the Dow & the S&P500 were both in positive territory with about 2 hours to go, but nothing a profits warning or a statement from The Fed wouldnt spark.
Maybe not a meltdown, to be fair, but the NASDAQ's now 11% down from the peak and below its 200d moving average.
Next week will give some indication if earnings are going to allay inflation fears. Netflix wasn't a good start and shares like Peleton, masquerading as tech shares, are getting hammered.
Yup. It wasn't just last night that there have been large falls in the Dow and NASDAQ, this has been going on since the start of the year.
And its effect on some very popular funds has been dramatic. On 31/12 BG America stood at 18.65. It is now 14.68 and will be a lot lower tonight. BG Global Discovery was 22.76 on 31/12. Now it is 19.01. Last year's gains being wiped out in weeks.
Even everyone's favourite - Fundsmith Equity - has hit the buffers. 6.78 on 31/12, now 6.16.
You refer to Peleton. I will offer you a similar share I hold - Experian. Down 20% since the start of the year for absolutely no good reason I can see. (It has even published really good results during this time).
These are huge falls which just make me think that we kid ourselves we are investing. Really at times like this I can only say we are gambling.
If anyone's portfolio is higher now than at the start of the month, then I will happily use you as my financial adviser!
It does seem like a large element of gambling and guesswork.
@golfaddick, at what % would you implement a stop loss on a fund?
AFAIK that isn't even possible. Not on unit trusts anyway or whatever they call them now. It is one of the many ways in which funds are not traded in the best interest of ordinary punters. Even if it is better than when I started getting into this stuff, back in around '89, when there was a 5% bid-offer spread. For no good reason.
Comments
Completely fucked my SIPP
If it helps, I have tended to look at falls horizontally, eg the price hasn't gone down 40%, it's gone back three months. Probably just kidding myself though.
Since 20 Nov when I set it all up, it's down 0.5%
I could have put it all under my mattress and cut out many middle men.
Thank God for premium Bonds (another 25 quid this month)
Some BG are down hugely, the problem is that when you are down near 50%, it's more than dangerous territory.
Next week will give some indication if earnings are going to allay inflation fears. Netflix wasn't a good start and shares like Peleton, masquerading as tech shares, are getting hammered.
And its effect on some very popular funds has been dramatic. On 31/12 BG America stood at 18.65. It is now 14.68 and will be a lot lower tonight. BG Global Discovery was 22.76 on 31/12. Now it is 19.01. Last year's gains being wiped out in weeks.
Even everyone's favourite - Fundsmith Equity - has hit the buffers. 6.78 on 31/12, now 6.16.
You refer to Peleton. I will offer you a similar share I hold - Experian. Down 20% since the start of the year for absolutely no good reason I can see. (It has even published really good results during this time).
These are huge falls which just make me think that we kid ourselves we are investing. Really at times like this I can only say we are gambling.
If anyone's portfolio is higher now than at the start of the month, then I will happily use you as my financial adviser!
You can do it with investment trusts I think.
Someone who knows may correct me.