Coronavirus - Shares/Pension/SIPPs etc

[psychocandy]

Down quite a bit.

Anyone tempted to do anything with things like shares/SIPPS?

Sit tight or pull out to prevent further losses until it all dies down?

[SimonMac]

If you can't search on a forum, I'd recommend not following your own advice for when you research in stocks

[Scruff]

The market has beaten your ability to react in the past tense. Sit tight and enjoy the ride

[jamesbrown]

Down quite a bit.

Anyone tempted to do anything with things like shares/SIPPS?

Sit tight or pull out to prevent further losses until it all dies down?

The maximum likelihood outcome is the inverse of whatever financial advice is offered by the parody account, scooterscot.

[northernladuk]

Withdraw it and buy as much tinned spam as you can. If it gets worse you can live of it, if it recovers you can use it build the poshest house in Wales.

[eek]

Withdraw it and buy as much tinned spam as you can. If it gets worse you can live of it, if it recovers you can use it build the poshest house in Wales.

[CheeseSlice]

Withdraw it and buy as much tinned spam as you can. If it gets worse you can live of it, if it recovers you can use it build the poshest house in Wales.

and it'll still be edible during the next pandemic

[Platypus]

Down quite a bit.

Anyone tempted to do anything with things like shares/SIPPS?

Sit tight or pull out to prevent further losses until it all dies down?

Unless you need to access funds in the next few years (1-5) stay put.
How long do stock markets take to recover? - Boring Money

[lukemg]

I have been buying global index (VWRL) ETF shares with all the cash reserves in my SIPP and ISA.
This is the dip I wanted to buy into.
It could go lower, I don't know, no-one does.
BUT I am prepared to bet big that it stands much higher in the next 10 years and that is the timescale I am buying for.
IF you are even thinking about selling, you should not be buying shares ever, you don't have the required risk tolerance to make it pay, find the best fixed interest return you can and stick to that.

[GhostofTarbera]

I have been buying global index (VWRL) ETF shares with all the cash reserves in my SIPP and ISA.
This is the dip I wanted to buy into.
It could go lower, I don't know, no-one does.
BUT I am prepared to bet big that it stands much higher in the next 10 years and that is the timescale I am buying for.
IF you are even thinking about selling, you should not be buying shares ever, you don't have the required risk tolerance to make it pay, find the best fixed interest return you can and stick to that.

Worse advice ever

I sold out when FTSE was at 7500 last week (everyone could see it was going to fall)

At Cheltenham yesterday I cashed out on a horse in-running and got 95% of my stake back as was not travelling well at the time - it came in last

Sell if you think market is going down - simples

Will buy back in at 4500 and might get back to 7500 in 4 years time


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