RE: Happy New Year2 Jan 2019 06:44
Hope everyone is well and good after whatever level of festivities/celebrations were participated in. The markets are saying "get it right up the lot of you investor types" on the first trading day of 2019. Oil down, other commodities mostly down, Asian indices well down leading to a downturn in the futures markets in Europe, USA and the Row!. The fear has struck and is ongoing. Every possible reason no matter how tentative is being used on an almost daily basis as an excuse to further punish the beleaguered markets hence investors. All i can do is hang in there with my remaining 5 funds in the hope of a turnaround (no point switching out now at levels not seen since early 2017). At least i elected to get out of some of the managed funds on a high and cut costs drastically by dispensing with my financial advisor and fund management costs, saving over £3000 per annum (what a joke) in the process. On balance i anticipate a steadying of the ship and calmer waters to navigate financially this year but only when Trump brings the news of a "fantastic deal for the people of America" in the current trade spat/war with China. In addition Brexit issue needs resolving to restore sanity to the European indices. Bring it on!. GLA. :o).