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Post by rgs2001uk on Feb 27, 2020 21:30:48 GMT 7
Time for a Merkel haircut, thankfully, mine was a number 4 and not a buzzcut. Lost about 10%.
I aint crying any tears, on the look out for bargains.
For our newer members new to this game, it may be time to take stock, and re evaluate your holdings, can you live with this?
Nothing but a snapshot in time, the markets will bounce back as they always do.
Just because the markets are down X% doesnt mean your stocks will mirror them.
Just about to phone the stockbroker and pour some more money in.
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siampolee
Detective
Alive alive O
Posts: 14,074
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Post by siampolee on Feb 28, 2020 6:51:12 GMT 7
Market drops, time to buy, faint heart never wins big dividends.
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Post by rgs2001uk on Feb 28, 2020 20:42:29 GMT 7
Reviewed my holdings today, down less than 6%. Game on, 555
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Post by eldivino on Feb 29, 2020 10:47:25 GMT 7
I wish I had some more cash now to buy. The positive thing is that I sold a bit at the beginning of the week when prices were already falling. I normally don’t do market timing because I think it’s gamble, but in this instance I wanted to sell a bit anyway to move it into another fund and thought it’s a good time because I anticipated prices would fall even more. I’ll keep the cash for some days more to see how the market develops.
Other than that I try to avoid looking at charts. I’m in it for the long-term so I have to endure periods like this. But yes, it all looks a bit grim. My Thai LTFs are tanking and I have to hold them for another 3-4 years. My MSCI World are tanking. The EUR/THB f/x rate is tanking so I don’t even get that much euros for my Baht anymore. What’s more worrying though is how this will affect the economy. We are just at the beginning and will start to see the full impact of what’s happening in a few weeks. Guess the bonus this year will be a bit less and it’ll be more time on the beach.
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Post by rgs2001uk on Feb 29, 2020 20:30:26 GMT 7
I wish I had some more cash now to buy. The positive thing is that I sold a bit at the beginning of the week when prices were already falling. I normally don’t do market timing because I think it’s gamble, but in this instance I wanted to sell a bit anyway to move it into another fund and thought it’s a good time because I anticipated prices would fall even more. I’ll keep the cash for some days more to see how the market develops. Other than that I try to avoid looking at charts. I’m in it for the long-term so I have to endure periods like this. But yes, it all looks a bit grim. My Thai LTFs are tanking and I have to hold them for another 3-4 years. My MSCI World are tanking. The EUR/THB f/x rate is tanking so I don’t even get that much euros for my Baht anymore. What’s more worrying though is how this will affect the economy. We are just at the beginning and will start to see the full impact of what’s happening in a few weeks. Guess the bonus this year will be a bit less and it’ll be more time on the beach. Good man, You get for free, what I have to pay for in management fees, received this last night, ffs, I am paying someone to tell me what I alreardy knew, ha ha ha. Dear XXXXXX As the rapid spread of the coronavirus rocks global markets, we are keeping a steady hand on the tiller and keeping an eye on the longer-term investment horizon. As the coronavirus spreads the world is experiencing a testing time, and we will undoubtedly face some difficult challenges in the weeks and months ahead as stewards of our clients’ financial futures. We believe the key to navigating these troubled times will be to look beyond the short-term turbulence and emotional reaction in the markets, and gauge what economic and market impact the virus outbreak will have on the medium to longer-term. While the number of new cases around the world is of course a worrying development, there are a few things to be relieved about; a substantial decline in new cases in China (almost all of which have been limited to the epicentre of the outbreak in Hubei province); a decline in the proportion of cases being reported as “severe”; an increasing recovery rate and the targeted fiscal and monetary stimulus being deployed in China, and likely to follow elsewhere. This week we have experienced the worst market shake-out since the collapse of Lehman Brothers in 2008, triggered by a pickup in coronavirus cases outside of China. US equities are down 10% from their peak last week, and markets across the world are down between 6% and 12% this week. For the first time today there have been more new cases of the virus reported in the rest of the world than in China, and investors are worrying that as nations around the world impose quarantine measures this will impact economic activity. Already analysts are revising down global growth estimates and slashing earnings numbers in the US and Europe. In the very short term markets are likely to trend lower as uncertainty reigns supreme and the number of cases heads towards pandemic proportions. However, markets are to a degree now pricing in a mild global recession. The big question for investors is how long it will be before the virus peaks outside China and, although a vaccine is some way off, will the warmer weather in the northern hemisphere see the virus spread slow as spring approaches. Ultimately, the question is how much damage will be inflicted on company profits before this peak in new cases and subsequent recovery occurs. Since the Second World War, there have been four previous 10% falls in the S&P in a single week: the October 1987 crash, the April 2000 bursting of the TMT (technology, media and telecoms) bubble, the September 2001 terrorist attacks and the October 2008 Lehman's bust. In all cases the authorities reacted by implementing major monetary and fiscal stimulus packages. Expectations for a rate cut from the US Federal Reserve in the next month are already being priced in, with Treasury yields falling substantially, and fiscal stimulus packages are expected from the EU and UK. The Chinese government has already started its own stimulus operation and Hong Kong has engaged in ‘helicopter money’, supplying large amounts of cash to its citizens. We think it’s unlikely there will be a sharp ‘V-shaped’ recovery in the global economy or markets, but a more gradual ‘U-shaped’ one is a distinct possibility. As bond yields and cash rates move significantly down from already historically low levels, this has the effect of reducing even further the prospect of future returns from these assets. When markets eventually stabilise and postponed spending and economic activity is unleashed, this is likely to increase demand for the higher returns that equities offer over less risky assets. What we know so far suggests the right approach is to keep a steady hand on the tiller, and avoid selling amid short-term turbulence. British, American and supranational agency doctors and officials seem to be very complimentary of the way Chinese authorities are handling the outbreak. But the coronavirus episode will damage global growth over the next few quarters, and the continued deceleration of global activity together with the attendant risks of a more severe scenario suggest a bias toward defensive areas, with good quality earnings that are less vulnerable to the economic cycle, continues to make sense. Kind regards XXXXXX XXXXXX LLB (Hons) Chartered FCSI Investment Director Telephone: XXXXXXXX Rathbone Investment Management Limited At the end of the day, it doesnt really matter, if it all goes to shit, we are all in the same boat, the HiSo in first class will be drinking brandy and champagne, we peasants in cattle class will be drink bia chang and hong tong, the boat is going to sink anyway. Well done on popping your cherry, ha ha, wont be joinging you on the beach, it will be back to the farm and manual labour.
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Post by realisedurgency on Mar 3, 2020 19:57:38 GMT 7
A lot of on-paper wealth went poof in the space of a week and a bit. Thankfully I didn't add before the drop. Just added some SMT today.
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Post by rgs2001uk on Mar 3, 2020 21:31:16 GMT 7
A lot of on-paper wealth went poof in the space of a week and a bit. Thankfully I didn't add before the drop. Just added some SMT today. Good man, faint heart never made a profit, in ten years time we will sit back and laugh at this, been there done that. As you mention, its just numbers on a piece of paper, ha ha ha., just means if I croak it tomorrow, theres less for the mrs.
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oldie
Crazy Mango Extraordinaire
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Post by oldie on Mar 4, 2020 7:17:31 GMT 7
Not good news if you're in your fifties and planning to retire in 12 months. I could keep getting out of bed at 2am for the next 15 years, but frankly I'd rather not.
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Post by rgs2001uk on Mar 4, 2020 21:01:00 GMT 7
Not good news if you're in your fifties and planning to retire in 12 months. I could keep getting out of bed at 2am for the next 15 years, but frankly I'd rather not. Be thankful you have the choice, many dont, ha ha. Hard times for an honest man, I bought a pair of teachers choice black Bata slip on shoes on special for 200 baht today, CV being updated, off to see Raji on lower Suk tomorrow to get knocked up a dodgy fitting and poorly stitched flute tomorrow. Today, I stocked up on Brooks baked beans, wai wai noodles, pasta and prego sauce, when the shit hits the fan, those holding gold can melt it down and eat it, it will be worthless, my man somchai is delivering 20 chickens tomorrow morning, the mrs is busy digging a pond for the tilapia fish, its real backs to the wall stuff over here. 5555555
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Mar 5, 2020 18:24:38 GMT 7
its real backs to the wall stuff over here
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Post by rgs2001uk on Mar 6, 2020 21:10:13 GMT 7
its real backs to the wall stuff over here Thanks for that, had a great afternoons viewing, my favourite scene.
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Post by rgs2001uk on Mar 6, 2020 21:22:43 GMT 7
Anyway, back to more pressing matters, its not always about what you make on the upside, its about how much you lose on the downside, after running some performance charts, I invested another 5k pommie pesos or 200k baht into lot, BLACKROCK SMLR COS TRUST PLC, as always, this is not an endorsement, just advisory, caveat emptor.
As my Sino/Thai friends tell me, ดูยาว, doo yaew, take the long term outlook.
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oldie
Crazy Mango Extraordinaire
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Post by oldie on Mar 7, 2020 16:02:42 GMT 7
Just checked the balances between drinks. Seem to have come through unscathed.
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Post by rgs2001uk on Mar 7, 2020 20:39:44 GMT 7
Just checked the balances between drinks. Seem to have come through unscathed. Good man, my mrs also keeps a well stocked fridge. Was reading elsewhere today, some ozzy was bitching about how his super had lost 40k ozzy dollars, I thought to myself, you effin lucky bastid, then I read on, it only had 400k ozzy in it, after reading that I felt better, thought to myself, poor bastid. No pun intended.
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oldie
Crazy Mango Extraordinaire
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Post by oldie on Mar 8, 2020 4:10:40 GMT 7
Just checked the balances between drinks. Seem to have come through unscathed. Good man, my mrs also keeps a well stocked fridge. Was reading elsewhere today, some ozzy was bitching about how his super had lost 40k ozzy dollars, I thought to myself, you effin lucky bastid, then I read on, it only had 400k ozzy in it, after reading that I felt better, thought to myself, poor bastid. No pun intended. It'll bounce back just as quick.
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