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The wider market news is only going to get worse when the furlough scheme ends.
So many will be wanting to protect cash during these uncertain times hence I believe the mass sell off is going to greatly affect all shares.
You have to be realistic.
https://www.bbc.co.uk/news/business-53733440
They all wanted to protect cash during the recent rally, eh? A lot of stocks in the market will continue to rise during the recession - I'd say we are already in one. The market will ride it out quickly, it always does, based on history. Keep some cash to top up your quality shares.
I doubt that many investors are on furlough. I don’t doubt that (unfortunately) a number on furlough will join the unemployed. I do doubt that any of this is unknown or unexpected therefore the perpetuating doom and gloom message is somewhat flawed. That said , the USA markets do seem inflated , particularly with a dimwit as president. Expect ups and downs as always and trade them if you have the confidence.
Refreshing to read some positive posts and links - much appreciated.
Confidence comes not from always being right but from not fearing to be wrong.
GLA
“If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.”
? Warren Buffett
My 10 yr H2 portfolio. I may add further companies idc.
https://www.mindmeister.com/1561762284
But over 2000% profit in just over 5 years is unusual. Most sensible people, even Buffet, would have taken the money and sat on it with where the world economy is heading.
Some more poor economical data to be released today which will wake people up to the situation on top of the poor employment figures released yesterday.
Today looks like it could be the start of the major decline.
The FTSE 100 rising yesterday was again puzzling to say the least.
I’ve followed this site for some time and Psmith I have to say that you relentless negative posts are tiresome. You say you sold and the market will fall - if that’s your belief fine, but for Hods sake man give it a break
Bunti I have him on filter - it is the best way.
@Bunti - Have you actually read the link that he provided ???
I won’t get sucked in to saying more - I just wanted to express how boring his relentless negativity has become. Everyone has a view but he says he sold and then continues posting negatively day after bloody day
Filter..... Mmmmmm.
Psmith puzzled why the market hasn't crashed yet. LOL The markets can stay stay irrational longer than you can stay solvent.
Psmith64 you say FTSE 100 rising yesterday was again puzzling to say the least. No mate, only to negative thinkers who want the market to behave in a way that substantiates their gloomy predictions. Have you ever given any thought to the fact that you may be, er, wrong? And, have you ever given any thought to the fact that people with far more funds at their disposal than any of us dabblers could even dream of, have research at their finger tips that make our pathetic attempts with google laughable ( no matter how many hours are claimed by some people). And have you ever given any thought to the fact that because of their vastly superior resources, they may just be able to see the future a tad more clearly than ancient amateurs, (before you accuse me of name calling, I'm referring to myself). Thus they invest in a way that may well puzzle you?
Spot on Way2. Too early to give thought to these matters , working out how to spell buffoon will take a while. Quite like bafoon though , could be a small iced tea cake or something?
Bunti , welcome to the club. Growing fast. Smithy , you are right about Bojo at least. Bafoon and buffoon. Belongs in a circus with big flappy feet together with Jezza the bearded unelectable. What were labour thinking?
Way2L8........ There is every possibility that I could be wrong in this strange and baffling situation.
We all have different amounts of cash at stake, different stages of our investing life, and different investment strategies.
I like hearing all the different views from other investors and I totally understand that some may see my posts as negative rather than cautious which is how I see them.
Maybe 6000 is the floor of where the FTSE 100 should be, I suppose from its beginning of the year highs of circa 7700 what we see today is a major drop and will have hurt many.
I will feel more comfortable to invest more after the final outcome of Brexit is known in January 2021 and we know a little more on how Covid-19 is panning out by then.
I personally feel there is a larger than normal element of risk out there for investors.
I am not adverse to risk hence my journey with Hydrogen the last five years ago.
You talk about experts but do they really know best. I take What Investment every month and have done so for the last 25 years or so and it never ceases to amaze me just how useless some of these so called professional fund managers are when you look at their performance figures in the back of this magazine.
The last decade my portfolio has out performed the majority of them and that was down to a lot of research into Hydrogen just over 5 years ago and having a good knowledge of my career industry of construction, a sector I have been heavily invested in since 2008 when it took a hammering from the last recession.
Many private investors do so a better job than some of the fund managers out there. I would imagine those on this board that took the chance in Hydrogen over five years have done better than most out there and you didn't need a massive investment back then to be sitting on or cashing in major profits now when the market as a whole has suffered greatly over the last four months.
My gut feeling just tells me that 6000 looks top heavy for the carnage to come in the wider market.
The trouble is psmith64 , 5 minutes ago you are coming out with statements like “ Certain crash coming in November” or whatever it was. It certainly included the word “Certain”. This is why people get upset. You can’t possibly know , who can? Now if certain individuals fall in to the trap of believing this ‘certain nonsense’ and invest accordingly , a) they shouldn’t be investing and b) you should think a bit more beforehand (maybe?) as ultimately you share the responsibility of any losses. Your backtracking now is probably more annoying than anything.
I think we can expect a bumpy ride across the markets for the next several months but I firmly believe that owning hydrogen stocks today will be like owning oil stocks in the early 20th century.
Spot on Colin. I fear the gentleman with OCD is suffering from anxiety poor chap. A strong laxative might help.
I agree Seaangler. I am also not finding fault with what Psmith64 says, more so with his style of saying it. He comes across as an arrogant 'know it all' even when he is contradicting himself as you point out. I suggested that there may be professionals with far better resources than we have, thinking of the mega wealth funds countries like Norway and Dubai have with investments that can move markets and he immediately slaps me down using examples from a magazine designed to encourage individuals that they can do better than retail fund managers. Cherry picking the ones that have done the worst. Further; he then hammers home his particular successes for the umpteenth time to prove what a successful invester he's been, to prove he's right and I'm wrong. Well he may well be, but does he have to be so obnoxious and patronising in the manner of his response. Does he really need to bang on repeating the same mantras because; We're just not listening! We are just not agreeing with him! Or could it be that we have just had enough of it?
I agree with you ColinH100 regarding the long term future of Hydrogen, I just feel the whole sector has got caught in a bit of hype the last 12 months and is a little overpriced now.
That is my gamble to have cashed in a few weeks back and sit it out until /if the prices drop.
I am happy to risk losing out on a bit of profit if my gamble doesn't pay off and at the same time I don't have to worry about the volatility we see at the moment.
The last four months we have seen ITM trade between circa 90p - 365p, with up to daily swings of 25% at times, I currently now have no idea what the price should be, there don't seem to be many major buyers in the market for ITM, there is no specific news regarding ITM over the last four months that has driven the price up.
Enjoying the lower risk strategy at the moment and am ready to re-invest across the market when the time is right for me.
Like SP , I’ve got PSmith64 on filter. It’s a wonderful world , quiet and tranquil.
All these people that have me on filter. It's not the first board I have contributed to this has happened on, some people just can't handle an alternative view to theirs and all they want to hear is what they want to hear.
I have been on the other side with an investment where I should have listened to some caution, hence I post like I do now at times especially when I am confident about what I write.
Nobody likes egg on their face do they? I don't expect to have any on mine in a few months time with what I have written here the last couple of months.
Like some here I too was deeply in love with this share when I first started posting here, then I woke up and came to my senses. When something is too good to be true, it normally is.
Anyway on the note about filters, it's time to go and filter a coffee and then back to work.
Have a good afternoon everyone that is still reading.
Wyt2L8 you can't rationalise a personality disorder - - just filter...