chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Sept 18, 2021 10:41:52 GMT 7
I hope it's a fat finger moment but my gut says it's not, I've been nervous about this fund for a while.
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rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Sept 18, 2021 11:32:05 GMT 7
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chiangmai
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Post by chiangmai on Sept 18, 2021 11:56:13 GMT 7
Nah, not unless the US wants USD to stop being the worlds premier reserve currency....US defaults on all loans, no interest payable on T'Bills, whee, that would be exciting. The US wouldn't even be able to finance a wiener roast in the back garden.
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AyG
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Post by AyG on Sept 18, 2021 13:18:09 GMT 7
I hope it's a fat finger moment but my gut says it's not, I've been nervous about this fund for a while. Not even that. Have a look at www.londonstockexchange.com/stock/MNP/martin-currie-global-portfolio-trust-plc/company-page which (if you scroll down) has details of the last 5 trades. (Do it quickly, because it'll change when the market opens.) It's only the last trade (at 398) that's significantly different from the previous 4, which are around 413. This is not the first time I've seen a large market movement with uncrossing trades, which take place just after the market closes. They may represent distressed sellers, or possibly something more nefarious. I don't really know. Anyway, I'm 99% confident that MNP will bounce back after the market opens today.
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GavinK
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Post by GavinK on Sept 19, 2021 20:13:11 GMT 7
How can the trades after the market has closed affect the closing price ? Or another way, when is the days closing price determined ?
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AyG
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Post by AyG on Sept 19, 2021 20:40:14 GMT 7
^^^ There's a process which happens immediately after the market closes where outstanding orders are matched. I guess that these trades are used when determining the closing price when they occur.
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chiangmai
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Post by chiangmai on Sept 20, 2021 16:59:44 GMT 7
It bounced back all right but it was a small bounce, the MA14 day is distinctly down.
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chiangmai
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Post by chiangmai on Sept 20, 2021 17:35:21 GMT 7
Looking at the close of the VIX on Friday it had started to soar at markets close, it is looking increasingly like this will not be a good week for markets.
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AyG
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Post by AyG on Sept 20, 2021 19:19:30 GMT 7
^^^ Friday was a quadruple witching day in Americaland. That probably explains the VIX volatility.
Looking at MNP, it's currently up 1.5%. Contrast that with the FTSE which is down 1.8%. The net difference is 3.3%. Compare that with its fall on Friday of 3.86%, everything seems to be about right.
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Post by rgs2001uk on Sept 20, 2021 20:08:37 GMT 7
I hope it's a fat finger moment but my gut says it's not, I've been nervous about this fund for a while. I am a great believer in, no point in worrying yourself to sleep every night, if you aint happy with it, sell it. I hold it, and have no intention of selling, but thats a moot point.
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Post by rgs2001uk on Sept 20, 2021 20:09:51 GMT 7
Looking at the close of the VIX on Friday it had started to soar at markets close, it is looking increasingly like this will not be a good week for markets. , welcome to the club. Large glasses of Mount Gay rum usually help me through moments like this.
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chiangmai
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Post by chiangmai on Sept 20, 2021 21:20:17 GMT 7
Looking at the close of the VIX on Friday it had started to soar at markets close, it is looking increasingly like this will not be a good week for markets. , welcome to the club. Large glasses of Mount Gay rum usually help me through moments like this. I'm OK, I've only got about 20% invested right now and most of that is with Capital Gearing IT, the wealth preservation fund.
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Post by rgs2001uk on Sept 20, 2021 22:24:32 GMT 7
, welcome to the club. Large glasses of Mount Gay rum usually help me through moments like this. I'm OK, I've only got about 20% invested right now and most of that is with Capital Gearing IT, the wealth preservation fund. Am I reading this correctly, you only have 20% invested, is that 20% in the markets and the rest in cash? Or is that 20% invested in Martin Currie? Signed dumb spanner monkey.
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chiangmai
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Post by chiangmai on Sept 21, 2021 1:19:11 GMT 7
I'm OK, I've only got about 20% invested right now and most of that is with Capital Gearing IT, the wealth preservation fund. Am I reading this correctly, you only have 20% invested, is that 20% in the markets and the rest in cash? Or is that 20% invested in Martin Currie? Signed dumb spanner monkey. 20% invested, 80% cash.
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chiangmai
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Post by chiangmai on Sept 21, 2021 6:00:15 GMT 7
For rgs's sake let me pre-empt his question, why.
I've been trying to transition my entire portfolio to less risky assets, I want to end up holding something along the lines of Capital Gearing and Personal Asset Trust accounting for 80/90% with the remainder held in a couple of well chosen global reach funds, MNP being one candidate, Baillie Giffors International another (a long held staple) and/or Mid Wynd. I haven't made that transition fully because I'm waiting for a decent dip in which to buy.
I think markets are currently in transition from seeing several large increase days each month to one that is much much harder to make money in. We're long overdue for a 5% or 10% fall except for this time I think it could be much larger. Inflation, tapering, covid recovery and now the effects of global climate change are all factors. Yes yes yes I know, you can't time the market, at least not perfectly. But I see nothing wrong at my age to take money off the table and wait for a year to see what happens, if that costs me 4% to inflation, so be it because the potential downside is much mich bigger whilst the potential upside is not that big.
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