For those of us with global investments mainly denominated in USD the current exchange rate is a much needed boost. Shielded me from a lot of the drop ( so far ).
More expensive to buy. But if you have them already then .
Also FTSE companies with earnings in dollars and Euros will be looking at better revenue figures stated in pounds
I completely agree. For all of my life I’ve always had the ‘it could be worse’ mindset, and that no matter how difficult things may get for me, there will always be people in a much worse situation who would give everything to be in my shoes.
VUSA, VWRL, EQQQ all up yesterday.
IWDG ( hedged ) down 17% last 12 months, VWRL / VUSA ( unhedged ) down 4% / up 4% .
I suppose the hope (if hope is allowed in investing) is that the ‘budget’ was announced early enough in the day for the UK markets to give their full response by the end of the trading day, and that most of the damage is already done.
That said, for the first time, I’ve set stop losses on ALL my individual shares (which I’m sure someone is going to say is the sensible thing to do regardless of circumstances). Hopefully they won’t be triggered.
By the way, whatever happened to the predicted post pandemic boom?
The boom decided to do a reverse boom instead
Do you mean a moob? Of which, at my advance age, I now have two??
If you’re not called USD you’ve had a pretty terrible few months.
So what’s the thinking for Monday? Panic over - most damage already done (for now)?
Or fingers poised over the sell buttons at 7.59 a.m.?
I think there may be some more currency action on Monday morning and going forward certainly for the short term. I sold out of all my individual Uk shares and switched those funds fully into global ETFs. Bit sad really but I want to keep investing and sleep at night.
Fair comment. Things certainly look interesting going forward!
Good luck.
US pre market looking pretty flat… I think it’ll be a red start across the board.
I’m just holding and not buying anymore US stocks for the time being, but have buy orders on L&G & some dividend ETFs.
It may be worth checking out Short FTSE100 and Inverse S&P500 as these seems to be the only ‘inverse’ funds available on Freetrade currently. Bit bleak but may be worth a careful look.
Deleting the app for a few months may be an option
Yeah, I’m up 18% so far. But hedge it imo.
not a bad plan
I hear we could be heading for a great depression rather than the recession we’re in just now that would be fun , as for the recession the Bank of England thinks roughly 2 years of neg growth.
As for Monday mmmm further falling of the pound I foresee, rising fuel, rising energy etc etc
Anyways I’m away to the fair today with the wee ones to enjoy the recession
Let’s hope he’s somewhere near right.