Rusthall Seagull
New member
sound advice
very sound advice for all the people that took a long term view in HBOS.....
sound advice
sound advice
That's great advice. Quick, lock in your loss.
The ONLY reason to sell now is if you need the money. And if you do, you shouldn't be invested in shares. If you knew you were going to need it now then you should have cashed in 18 months ago.
If you didn't know you would need it now then it should have been in a bank if you don't have any emergency cash fund, NOT in shares.
Share investment always has been and always will be - for the masses at least - for the long term. At least 5 years, and preferably longer. And switch to cash 18 months before you need the money.
If you have shares, hang on in there. They WILL go up again, promise!
At what point do you think the market will bottom out? Some time this year? Thinking of investing but not sure when to do so.
Reading a Morgan Stanley report at the moment, their current target for the FTSE-100 in 12 months time is 3500. Current level, 3533.
I agree with what you say, but a well run share portfolio can still make money in this environment.
True. The headline fund we run here was up 8% last year against the backdrop of a market in freefall. If you can do it, good luck to you. I can't, and nor can most professionals so I would recommend that the man on the street stays well away.