TABES18 Sep 2014 10:13
I said earlier, no lower than 749.....its just a number as I think 750 is the floor to think about. If it goes below 740 then the pit opens. However....as always it comes back. Any time you look at financial investments, particularly endowments, you are always told the minimum time you should be involved in such, is 5 years....there is sound history for that statement from financial advisers. 2008 saw the crash bite in.....2013 saw the recovery and 2014 saw the FTSE peak at just under 6900. We are overdue to take a hit on the 5 year cycle, its just a question of how far the components of the FTSE retrace...the components, not just the miners. USA seems to be working otherwise...the DOW currently about 65 points below the year high. Methinks its time to think about cashing up where circumstances allow. I have one to get shot of, then its sit back time and see where this is taking us.