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Another good trade after hours though so who knows!? I’m very tempted to sell half of mine but we do seem to be heading upwards at the moment so may just hold off for the time being.
Pandy2, dont know sorry.
Nice to see a tick up today but fear we could revisit 140 soon.
Tasty reading taskmaster. Any ideas on the two big trades at the end of the week?
pandy2, maybe someones been at photoshop but Dolphins frequently spend time in the gulf of Trieste,
https://www.morigenos.org/en/dolphins-in-slovenia-and-the-gulf-of-trieste/
Theres no reason why they wouldnt be drawn into the venetian lagoon fishing while theres few boats..
https://www.greatitalianchefs.com/features/fish-varieties-venice
Witch trials in Valais?
August 7th? Your birthday or something?
Hopefully we will see a difference in people's behaviour/attitude but only time will tell. Unfortunately a lot of humans are greedy and destructive. Especially those in charge! But if they can make money in shares like this the I'm sure we're onto a good thing. And for the record. I'm pretty sure the dolphins in Venice canals was fake;)
There is a good case to be made for green energy.
Venice canals are now clean with dolphins swimming in them.
Air pollution in London has improved in such a short time.
I reackon there will be a sharp downturn in markets August 7th.
Just noticed PIBs all came down on price last month , if you search income might be worth a punt
Thanks guys. Interesting. There’s no way I won’t stay in ITM , they’ve done me proud (finally) and the best is most certainly still to come. That said I have gradually divested of about 60% over the last 6 months or so and basically spread it around. As the Covid statistics improve so should the market and so should my worth. Time to play a bit safer then probably. We’re not going to bounce back from this in a hurry , not properly anyway. Keep safe and on your guard.
I'm gently going the other way, I'm focused on only a few assets, USA tech, global luxury, Terry Smith, green energy. I bought the dip-ish and will continue every 3 weeks or so.
In paper I'm recovering the loses of February. Will it double dip. For sure but when. Since I can't time anything I' m just going steady.
1% will still buy stuff, IT will do well out of this thing, regular consumer articles (Smith) will stay regular and green energy is vital.
Can I convince Mrs bobo..... not sure
Last year, way before Covid, I was adamant that there couldn't be a global recession because that would have meant UK and others having to give up on any thoughts of net-zero carbon by 2050. That's because there's just so much stuff needing to be produced to meet 2050 targets (1000's of wind turbines, solar, electric cars/buses/trucks/trains/ships [all fuel-cell of course], hydrogen storage, gas boiler replacements, fuel stations [or charge points if we must]) and you simply can't have both a recession and all that production at the same time - one counteracts the other.
At the same time, many 'experts' were saying that a recession was coming simply because the markets were so highly priced...I certainly never heard a concrete justification as to a proposed cause of a recession - except for the fear of one.
As it turns out those people's predictions were correct, but certainly not for the reasons they believed...I can guarantee that none of those 'experts' saw a global virus pandemic shutting down global industry.
My point is - after this virus has been beaten we have to decide what sort of economy/industry carries on and where we go from here. I'm hopeful (and confident) that targets like 2050 will continue and climate change busting industries will still be top of the list. Even if it has to be heavily subsidised or driven by governments (in the event that the economy has been killed and needs a jump start), the requirements are still the same (1000's of wind turbines, solar, electric cars/buses/trucks/trains/ships [all fuel-cell of course], hydrogen storage, gas boiler replacements, fuel stations [or charge points if we must]) the virus-induced recession will be short-lived because it was created by government policy in order to control the virus - disappointing, but necessary.
The conclusion of my point is - a forward looking market ought not crucify (sorry poor taste) the new energy stocks and funds, but may well revert to selling banks, oil, travel, leisure, high street retail, etc, if a second wave of selling occurs. So I'd be inclined to hold on to ITM et al. rather than gamble with timing but there's nothing wrong with taking a profit as long as you accept the possibility of not putting it back in the market at a better price later.
Sorry for the rambling...got too much time on my hands...but then, who hasn't.
Cheers Bellers. It’s tricky. Most stocks are still way below fair value on a long term basis , indeed I’ve been snapping them up ( albeit a bit too early in most cases ). In my mind they will continue to recover as the virus statistics improve. It’s when the financial implications start to hit home.... jobless , debts , tax increases , recession. The nature of this beast also? Will it bounce back once the rules are relaxed , will it reappear in December whatever happens once the temperature drops. God knows if the world has to go through this again??
I will give it some thought over the weekend. If the markets do continue upwards then it will be profit taking time but like you I will keep a chunk of ITM and maybe a few green dividend payers. Have a ‘good’ Easter and thoughts with those who can’t.
Seaangler, I’ve been toying with the idea of going safe the same as you. I think if I’m honest it’s the fomo that keeps me in. I can’t think of another reason. If I pulled everything now I would be up about 5% on the year overall but I’ve got 2 going through takeovers at the moment and knowing my luck they would 10bag as soon as I pulled. Working on those thoughts alone I have decided to sell the majority once the takeovers are complete, because of age and health, and just keep ITM because I believe it’s going to be an upward trajectory for years and my kids will prosper from it. The second oil if you like. All imo.
There are quite a few predictions knocking around re major stock market woes yet to come. Any thoughts? I’m considering getting out now that most of my ‘value’ has returned. Maybe everything , maybe selective areas. Any further thoughts? Seems slightly bad taste to talk monies at this time , apologies to anyone offended..... but then you probably wouldn’t be here. Don’t forget 8pm. Keep safe guys.