Savings and Investments thread

The two analysts that I follow that correctly called this from the Friday before last (including the ramp into Wednesday), reckon that there should be a bounce this week.  They were both (using very different sets of signals) calling for S&P down to at least 5265 but as low as 5180 initially, then a bounce.

The problem is that August and September aren't usually great months for liquidity but both think this could just be a correction. 7.5% draw down in an election year and a higher EoY is quite common.

A long way to go yet Prague.

Having cashed a lot of mine in, I’m sitting on a lot of cash in my SIPP, question is when do I reinvest…….

bobmunro said:

Rob7Lee said:

A long way to go yet Prague.

Having cashed a lot of mine in, I’m sitting on a lot of cash in my SIPP, question is when do I reinvest…….

I'm happy to say that for quite some time I have been very heavily exposed to cash - and getting between 5% and 6% on it. I'm more than happy with that at my age and risk appetite and can't see it changing much in the future.

I’m still a bit over 5 years from being able to draw down, so will likely jump back in, although probably will keep 10% of the pot  in cash.

Rob7Lee said:

A long way to go yet Prague.

Having cashed a lot of mine in, I’m sitting on a lot of cash in my SIPP, question is when do I reinvest…….

Depends where you want to invest really. I'd put a bit in now. Markets might have further to fall but Japan is down over 25% from it's all time high and & other markets down 5-7% over the past week. UK is already trading at a discount & is below 8000 for the 1st time in months. 

Huskaris said:

Jesus Christ, 3 days ago im moaning about Premium bonds and how shit they are, and now the last week has wiped out all my gains since I started my S&S ISA in Feb... 

You're lucky you've only wiped out your gains. Imagine if you invested it last week. You could be looking at a 10% loss by the end of this week.

Then again, depends on where its invested. The Bonds in my portfolio (c25%) have all made gains since Friday. 

Covered End said:

Rob7Lee said:

A long way to go yet Prague.

Having cashed a lot of mine in, I’m sitting on a lot of cash in my SIPP, question is when do I reinvest…….

Tell me when you think as I've done the same.

I'll wait until it settles and starts to show a slide up.

Covered End said:

Rob7Lee said:

Covered End said:

Rob7Lee said:

A long way to go yet Prague.

Having cashed a lot of mine in, I’m sitting on a lot of cash in my SIPP, question is when do I reinvest…….

Tell me when you think as I've done the same.

I'll wait until it settles and starts to show a slide up.

I've held firm and not cashed in before on many a slump and usually regretted it, as the markets fell further and further.

Also, I've cashed in before and then bought back in too early and missed out on bigger rises in the following months.

I'm usually quite successful at picking the bottom of the markets or near bottom.
I'm down @4% this week, but it could have been much worse.

I've put a little back in late today (about 15% of the cash). Q big drop tomorrow :-) - but some I'm buying back at near 10% less than I sold at a couple of weeks ago so long term happy days......

golfaddick said:

My Sipp had fallen 5.5% over the last month.....and most of that has come over the last 4 or 5 days. 

I blame my financial adviser Labour....😄

;-)

After this pullback there are some very attractive yields on bluechip shares about, but I'm going to let things settle for a while before making any decisions

My SIPP down less than 1% over the month. Perhaps @golfaddick needs to see an IFA 😂😂

Max draw down on Monday was 5%.  That was from an all time high that was only 13% away from the number I've set myself to retire without having to downsize.

I've now recovered about 1.5% of that but it has made me think about my risk appetite right now, given any cash I hold is earning 5%, as per @bobmunro.  It's been a good run, up 33% in two years.  First investment classic psychology  issue - the difficulty of objectively judging risks in a market panic and seeing realised gains as more important than opportunity cost.

The trouble is, with a few notable exceptions, most of my holdings either look like they have much more to grow or are in very strong trends (e.g. Fortinet, a cyber security company, went up 13% after hours last night, after great results).  With the dogs, I'm having trouble taking the losses, which is the second classic psychological investment issue.  For the stars, I'm worried about cutting the flowers and watering the weeds.  For interest, the dogs are BP & VW and the stars are Mitie, HILS and LSEG.

Agree with @IdleHans that the value stocks still look undervalued. I have quite a heavy percentage of those and - cyclically - they should do well.

So a bit of a dilemma but overall pointing to taking some off the table into any strength.  The current bounce could easily turn into a trend on a good number on next Wednesday's CPI result.  A bad number would be a disaster - people thinking the FED won't drop rates going into a recession.  And no-one is sure whether the Yen carry trade is fully unwound yet.

golfaddick said:

LargeAddick said:

My SIPP down less than 1% over the month. Perhaps @golfaddick needs to see an IFA 😂😂.Rob7Lee said:

TelMc32 said:

golfaddick said:

My Sipp had fallen 5.5% over the last month.....and most of that has come over the last 4 or 5 days. 

I blame Labour....😄

I’m down 0.68% over the month. Small improvement yesterday and I’m still happy with my year end FTSE prediction 😉

Thats very good, I assume you've little to nothing in the US or Japan.

I track mine daily & the fall was from 6th July to 6th August. Have around 4% in Japan & over 25% in US. 

I’d assumed those dates and did the same to compare properly.

I am down 8.5% on a fairly substantial portfolio 

moutuakilla said:

Raisin a reliable platform? 

If by reliable, you mean, is your money safe, then they say they are FSCS protected.  Always worth double checking that is true by following the FCA links and reference.

You are covered up to 85k but the licenses can get shared, so if you're likely to be anywhere near the 85k limit, it's worth checking that you aren't on that same license elsewhere as all organisations on the same license are treated as one bank.

This is a pretty helpful guide: https://www.moneysavingexpert.com/savings/safe-savings/#:~:text=But%20the%20FSCS%20doesn't,Cash%20in%20a%20PayPal%20account.

If you just mean, is it technically a good platform, I'm not familiar with them.  Think they are a German outfit but I don't usually work in retail and haven't worked with them.