The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'm not sure this bond sell-off is going to stop in the short term, and it's going to potentially derail the progress made here this week, couple that with bad results and we could see one of the best buying opportunities of 2021! If things improve across the pond and the results are good, then we will see £1.20 - £1.30 within hours I think. Instant re-rate. Squeaky bum time! Whatever happens this week it's important not to panic as even a fall will recover in the preceding weeks. Hold or buy, DO NOT sell!
There isn't a single way for you to predict the price of a share. There are millions of variables and even long term patterns cannot be trusted as the countries/banks change their financial policies all the time. You are relying on your ability to diversify and hold long while paying minimum tax and the least amount of fees possible.
Exactly cash sat around is worthless but for a long term winning strategy you must diversify your portfolio accross different sectors to lessen your long term risk and to give yourself confidence when the drops occur. Another good strategy is to buy accross several weeks or months to average out the volatility in your initial investment. And try to minimise the fees to pay for trading and trade in a tax efficient manner for the maximum compounding effect.
The best time to buy is during a correction or a bear market and then hold for years and you will make a killing. I have to admit until I educated myself based on the fact that many people said I was gambling by day trading I know now and accept that my methods are not profitable long term. Fear will lose you money and u will generate more fear checking the price every day!
As brash as arsenal gets at time he is right. You can day trade but long term investment is much more profitable than day trading in the long run thanks to compounding returns . We have been gifted the opportunity of bargain shares. Its nice to de risk by buying and selling on the bounce but at some point the money has to go in and stay in. This share in my opinion is gold long term. I fully intend to reinvest and gamble on the bounce but at some point I will sit for 10+ years and forget about it.
Read unshakable and I promise you, that you will get more value from that, than anything you read in these articles! There are other books, but this one is a great starting point, slightly biased towards Americans and the 401k plans, but overall it gives you a real insight into investing long term, the effects of fees and the effects of compounding your gains over longer terms. Some great facts about corrections and bull and bear markets too.
There is no doubt that the recovery will be swift and that after this pandemic, there will be a time of immense prosperity. The only problem I can see is that people are starting to price this into the market a bit too far ahead of time and taking more risk than perhaps they should, but any corrections will be followed by a recovery on average within 54 days, so it's not all bad news!
My advice to younger investors is to read the book unshakable by tony robbins, and you will have a winning strategy for investing that will change the way you look at the stock market and allow you to get over the fears many investors have which cost them money in the longer term. Incredible book in my opinion. Well worth buying! Some great facts and advice from many of the most successful long term traders!
If they can get over the results day without a fall then they will surpass £1.30 in no time, I would think it will happen on the day if the results are positive....instant re-rate..... It's the last real hurdle for this sp.