Well done Mr Trump. Not appeasing world panic at all, are you?
Shell - Ā£12
BP - Ā£2.97
Lloydsā (which i didnāt think could get any lower) is now smashing 39p.
Perhaps you want some IAG. Ā£3.60. bargain.
Wow ! - anyone still buying ?
Well done Mr Trump. Not appeasing world panic at all, are you?
Shell - Ā£12
BP - Ā£2.97
Lloydsā (which i didnāt think could get any lower) is now smashing 39p.
Perhaps you want some IAG. Ā£3.60. bargain.
Wow ! - anyone still buying ?
Shell, BP and Barclays all down 31%-40% for myself, thankfully they are the smaller holdings in my portfolio so only make up 4% of my total.
Should say I wonāt be adding more till we see shoots of recovery.
Interestingly enoughā¦ this is where the shit gets real.
Look at AAPL and TSLA - havenāt budged an inch.
Itās times like these we see which corporations have balls ! (are truly resilient).
I was still slightly up on my Apple holding which is my biggest individual position, was so close to selling yesterday and buying back in because Iāve no doubt itāll drop.
But that goes against everything Warren Buffet says so decided against it
I was getting stressed about it before, but I kinda just have to laugh at this point, I just watched a couple of hundred quid get wiped off my portfolio value in the matter of minutes.
Iām mostly invested in boring but steady dividend stocks. I wonāt claim they will reach the highs they just fell from, but Iām fairy confident they wonāt go under (at least for now) so am happy to average down and push on.
I done the exact same run through all my individual holdings yesterday and looked at their balance sheets, whatās product they offer etc
And out of 32 holdings I reckon 5 are āat riskā should this virus get worse and we enter a recession, the rest are pretty recession proof imo.
I expect a few people on freetrade are in the same boat as me, Iām not going to take anything out from the account for at least ten years maybe longer if at all. So I was bound to go through this type of drop/shock/correction, and will again. I will keep chipping in.
With VIX at 54, I think a madman would trade. Signals are that we havenāt hit bottom, potentially buy some way.
General rule of thumb is that if VIX is above 31, the market becomes un-investable unless youāre a full blown hedge fund / trader.
Obviously, if you take a long term, bargains can be had, potentially at the expense of some short-term pain.
Hey, try not to stress. everyoneās stocks are getting battered.
Even if youād put all your money into a āsafeā index tracker youād still be down.
The stress has passed, being -5% was stressing me out, being -15% is just hilarious.
Itās like loss porn now, the reason I read /r/wallstbets. Not quite as funny when itās happening to yourself, but Iāve numbed myself to it.
First stage: OMG - 5% loss, Cry!
Second stage: denial, this canāt be happening to me.
Third stage: disbelief - WTF?
Fourth stage: bemusement. LOL. How deep can this go? Bring it on!
Final stage, when youāre old and decrepit sit with grandkids around campfire and tell how granddad lived through Black Monday.
Yep Iāve reached the laughing stage now. Come on lets lose another 10%. Iām down like 25% or whatever. Who cares now.
I didnāt know that you can add VIX to your (Apple Stocks or other) watchlist like any other stock, but you can. Useful!
Found a green one. Itās like playing hide and seekā¦
ā¦i bet BAT is going up.
Nervous Panicking chain smokers out there !
FTSE 100 - 5,450
Itās now LOWER than 2008. Surely cannot get any lower.
Donāt worry it will stop when it gets to zero.
and therein lieth the truth: Itās not logic influencing peopleās decisions, itās emotion.