Well, if they are unknown, we canāt know about them.
Supply chain risk is huuuuge in a country like the USA. Number of cases is still going up, and supply chains will be damaged until well after cases stop rising.
Seems the world didnāt end today.
Half of my new £5k US stock investments that I made today crept up enough to even recover the FX spread, and the others are nearly there. All the while, I got them at a sizeable discount against last week.
At the same time, the new £4K investments already showed gains today - global clean energy +1.21%, Ceres +0.94% and Greatland Gold +3.12%
All good. Weāre not out of the woods though - this week will be a mad roller coaster I suspect.
A snippet from an article at Barronās: āThe good news? Only a quarter of investors surveyed by DataTrek see the virus triggering a global recession. āThat should be enough to limit stocksā reaction to a pullback rather than a full-on rout,ā Colas writesā
Gilead may be an interesting bet: āShares of the biotech company Gilead Sciences ļæ¼ jumped to a 52-week high on Monday after a World Health Organization official said that global efforts to find a treatment for the novel coronavirus should be more focused on the companyās experimental antiviral drug remdesivirā
Wasnāt feeling brave enough yesterday, I think Iāll start buying again today
I was brave enough. With hindsight, perhaps should have waited a few more days! Win some, lose some - donāt we?
Iām doing nothing at the moment, neither buying or selling. If we get a major drop of 20% or more I will look for bargains.
I sold out of Uber & Barclays last week netting a 20% gain on both.
Bought Lloyds a little early and have lost a further 5% on them.Spent the rest on VWRL today at £70.34.
May have pulled the trigger a little early for perfect market timing but Iāll be holding it for 20 yearsā¦so hopefully I wonāt cry too much.
What would you rather happen to you?
- Get Coronavirus
- Portfolio drop by 50%
- Both - Iām a masochist
0 voters
I have confidence in my immune system
I felt the exact same yesterday. Put some cash in today though and bulking up a few of my top holdings.
Iāll be doing the same, itās impossible to predict the bottom here. Any news of a vaccine or a levelling off and the market could easily rebound, but on the flip side, news of it spreading etc could have the opposite effect.
Iām just going to keep averaging down on stocks that I plan to hold for at least the next decade, and bulk up my indexes also.
Very unlikely to be anything in this vein for a while. Remdesivir is being tested, but results arenāt expected unti April, and thereās no chance itāll be approved for human usage that fast, so it canāt be sold.
Hotter weather is probably going to do the job before a vaccine passed regulatory barriers.
I didnāt sell so far. Also didnāt buy gold because it drops suddenly when markets go up.
The day started for me with Greatland Gold rallying whilst more standard stocks like Ceres or the Global Clean Energy ETF plummeted, then it reversed - a sign of somewhat returning confidence that people are moving out of gold and back into normal stocks, or just a coincidence and/or based on limited data. Interesting nevertheless.
US premarkets are 0.3-0.5% green, if they can close green itās an early symbol that yesterdayās selling might have been a bit much.
Oh man, I love Ramp Capital.
Easily one of the most entertaining twitter accounts ever.
Interesting read: