interesting times27 Jun 2016 16:41
From financial crash of 2008 to political crisis of 2016 and domino effect turmoil that follows,I can see this turning into a full on global crash again,not even America will escape with its over valued pe ratios cheeks will wobble there eventually.Financial related companies possibly a 70% drop from peaks followed by a 4 to 600% rise from low point over next 6 years if history repeats itself.
For me in mid forties happy to play long game and hopefully pick up cheap shares with dividend.Im fortunate enough to have fresh money being injected into cheap shares from current money purchase pension at work where i put in 5% and company adds a further 10%.The company fund I chose(out of 6) was lgen global ethical, only 11.5% uk shares 44% in us shares.The crash this time might not be as harsh this time given pe ratios on average now for ftse100 is about 14 compared to maybe 18 in 2008?
Maybe a lurker could find a stat for this lol.Anyway keep calm and enjoy the circus ,theres going to be alot of panicky politicians out there especially with talk of an election in 6 months or so.
Hot you mention an inability of myself to hold,when I first invested in Aviva it was for relatively long periods,it was only with a +25% margin of profit that I allowed myself the luxury of frequent trading,but now for me with just the use of forward gears(my choice) Im happy to hold for what will need to be a few years.Worse case scenerio for lgen maybe down to low 80's back upto four pounds in six years.