RE: skinbiotix - reality30 Nov 2021 13:24
yes, agree. It's an uneasy market. Unfortunately im fully invested in my portfolio. Currently still well up as i invested the bulk (including some redundancy) during the Covid crash in 2020. But have lost recently some of those "paper" profits.
so now just adding in my monthly amount in to vale shares and growth investment trusts. i agree re: the market. I think this variant will blow over. But inflation rising, interest rate rises. i can see a correction / crash in winter 2022/2023. I was temoted to sell all and take some profits/hold cash. But I like my shares as a long term hold and they have done well. And timing the sell and then buy back is tricky....
For example, i bought barclays 0.90p... i could sell if it gets to £2.20 by next autumn.... as crash likely.... but will it go back down to 90p? Unlikely. And meanwhile earning dividends... its tricky.....
I am thinking of doing a list of shares that i would keep in event of crash (i.e. long term growth like indian stock market) and shares at first sign of crash I would sell quickly (like barclays, investec etc) and then buy back after crash....
What are other contingency plans fro crash? Be good to share wisdom
GLA.... (ps i bought skinbiotix at 15p... but even im thinking, was had sold at 75p and then buy back at 40p :( ). hindsight ! ;)