World financial doom

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Broccers
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World financial doom

Post by Broccers »

Reckon it will actually happen? There's corrections and corrections. Maybe this is another one :D
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scotta
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Re: World financial doom

Post by scotta »

im presently more concerned on whats going to happen on the 29th March at 11pm. :?:
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Mito Man
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Re: World financial doom

Post by Mito Man »

UK financial doom ;)

Biggest concern on my mind is did I leave the dog water this morning, followed by what I will have for dinner.
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JLv3.0
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Re: World financial doom

Post by JLv3.0 »

Am already unemployed and have savings so frankly - and this will be a bombshell to you all - let the motherfucker burn 😂
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NotoriousREV
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Re: World financial doom

Post by NotoriousREV »

It's just the usual October correction, just worse than usual. Maybe. If I knew I'd be significantly richer than I am right now, which isn't very.
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scotta
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Re: World financial doom

Post by scotta »

JLv3.0 wrote: Tue Oct 23, 2018 4:15 pm Am already unemployed and have savings so frankly - and this will be a bombshell to you all - let the motherfucker burn 😂
Can you send me some money?
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JLv3.0
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Re: World financial doom

Post by JLv3.0 »

Sure no worries, send me your account details including login details and passwords and I'll get right on it :D
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Broccers
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Re: World financial doom

Post by Broccers »

I actually think its going to be quite bad :lol:

Bout time we all had some pain and experienced some hardships.
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scotta
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Re: World financial doom

Post by scotta »

JLv3.0 wrote: Tue Oct 23, 2018 4:21 pm Sure no worries, send me your account details including login details and passwords and I'll get right on it :D
sure

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NotoriousREV
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Re: World financial doom

Post by NotoriousREV »

Broccers wrote: Tue Oct 23, 2018 4:24 pm I actually think its going to be quite bad :lol:

Bout time we all had some pain and experienced some hardships.
Crashes are where millionaires are made.
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Mito Man
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Re: World financial doom

Post by Mito Man »

NotoriousREV wrote: Tue Oct 23, 2018 4:16 pm It's just the usual October correction, just worse than usual. Maybe. If I knew I'd be significantly richer than I am right now, which isn't very.
Yeah once you have over a billion in the savings account it’s all peanuts.
How about not having a sig at all?
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Broccers
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Re: World financial doom

Post by Broccers »

NotoriousREV wrote: Tue Oct 23, 2018 4:37 pm
Broccers wrote: Tue Oct 23, 2018 4:24 pm I actually think its going to be quite bad :lol:

Bout time we all had some pain and experienced some hardships.
Crashes are where millionaires are made.
Oh its you thats shorted my Vodafone shares is it? :lol: :lol: :lol:
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NotoriousREV
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Re: World financial doom

Post by NotoriousREV »

Broccers wrote: Tue Oct 23, 2018 4:38 pm
NotoriousREV wrote: Tue Oct 23, 2018 4:37 pm
Broccers wrote: Tue Oct 23, 2018 4:24 pm I actually think its going to be quite bad :lol:

Bout time we all had some pain and experienced some hardships.
Crashes are where millionaires are made.
Oh its you thats shorted my Vodafone shares is it? :lol: :lol: :lol:
No but I might be buying them while they're cheap ;)
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Broccers
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Re: World financial doom

Post by Broccers »

NotoriousREV wrote: Tue Oct 23, 2018 4:58 pm No but I might be buying them while they're cheap ;)
I've learned over time that leaving shares that reinvest dividends alone and not to PANIC.

I wonder when interest rates will sharply rise? That would be an eye opener.
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NotoriousREV
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Re: World financial doom

Post by NotoriousREV »

There's just so much uncertainty around at the moment. Don't sell anything. When prices go down, you buy!

If you buy 100 shares at £1 each and they drop to £0.50, you need the price to go back up by £0.51 to make a profit. If you buy another 100 shares at £0.50, you've paid an average of £0.75 per share and you only need a £0.26 price rise to make a profit.
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Jobbo
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Re: World financial doom

Post by Jobbo »

What if they keep going down? Keep buying?

Sounds a bit like the roulette strategy where you just play red or black and double your stake each time.
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Rich B
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Re: World financial doom

Post by Rich B »

Then it comes down to - only gamble what you can afford to lose!
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Nefarious
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Re: World financial doom

Post by Nefarious »

NotoriousREV wrote: Tue Oct 23, 2018 5:16 pm There's just so much uncertainty around at the moment. Don't sell anything. When prices go down, you buy!

If you buy 100 shares at £1 each and they drop to £0.50, you need the price to go back up by £0.51 to make a profit. If you buy another 100 shares at £0.50, you've paid an average of £0.75 per share and you only need a £0.26 price rise to make a profit.
Doubling down. Brave man's game... :shock:

Another strategy: Suck up the £50 loss you've just made on the £1 shares, and stick your other £50 into something that's not just lost 50% of it's value.
"If everything seems under control, you're just not going fast enough"
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Broccers
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Re: World financial doom

Post by Broccers »

It's all a long term gamble. Your pension pots are depending on this betting so everyone is involved.

Someone once told me only buy after 5 days of rises. Now may not be the time 👍🍀
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NotoriousREV
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Re: World financial doom

Post by NotoriousREV »

Nefarious wrote: Tue Oct 23, 2018 7:06 pm
NotoriousREV wrote: Tue Oct 23, 2018 5:16 pm There's just so much uncertainty around at the moment. Don't sell anything. When prices go down, you buy!

If you buy 100 shares at £1 each and they drop to £0.50, you need the price to go back up by £0.51 to make a profit. If you buy another 100 shares at £0.50, you've paid an average of £0.75 per share and you only need a £0.26 price rise to make a profit.
Doubling down. Brave man's game... :shock:

Another strategy: Suck up the £50 loss you've just made on the £1 shares, and stick your other £50 into something that's not just lost 50% of it's value.
I personally only bother with indices these days. I don’t think the S&P500 is going anywhere soon 😂

I’m also making the assumption you’re only holding shares you’ve done the appropriate research on and you’re responding to changes driven by the overall market and it’s not just your stock that’s just plunged. Finally, clearly the example above is clearly an exaggeration. But you all knew that because you’re not stupid, are you?
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