When stocks rebound, WHERE best to invest?
Quote:
Originally Posted by
noTAGlove
Anyway, I am working my way out of the market for six months and will start on Monday by selling £20k of FTSE ETF, and then will sell a lot more over the coming weeks.
The Fed put has ended and it is clear that tackling inflation is more important that the stock market, at least for the time being. Putin could also get more unpredictable as he is further cornered. China is fooked.
Once the cost of living crisis truly kicks in and winter fuel bills need paying, life is going to get tough for a lot of people. Spending is on fripperies is going to dry up. Money will focus on essential spending.
Not comfortable being in cash with inflation this high. But I’d rather lose an insidious 10% over a year than 3% per day over many days.
I can recount many bad moves and losses over the last year, and this is very unusual for me, but it is looking like I may have a made a half decent move this time. Took £25k out of the SM in late May and have it sitting in cash. I did look at shorting the FTSE but I bottled out.
Watch me eat my words as the SM will rally 10% if I have taken money out of it!
I know things can change quickly, but I plan to sit on it for a few months or until/if the SHTF properly.
I know I have broken the golden rule of investing, and it is time in the market rather than timing the market, but I fancied a bit of fun, and wanted to stay true to my conviction.
When stocks rebound, WHERE best to invest?
US 10 year just breached 3.5% with 30 year just behind. 50 bps increase in the last 5 days alone.
This mean mortgage rates in the US will be around 6 to 6.5%. That was my interest on my first house in London in 1999, except house price were 5 times cheaper back then.
Stock market down on the news. House prices in the US will go backwards. Set up for a very interesting period if it continues this way.
No significant financial acumen, but I have learned not to worry about what goes on in the stock market. It is the debt market that matters.
When stocks rebound, WHERE best to invest?
Quote:
Originally Posted by
Passenger
Very little they can do, as they've only got the one lever.
There is a huge amount they can do as that lever represents enormous fire power.
It is what they choose to do.