OV9

Reckon it will actually happen? There's corrections and corrections. Maybe this is another one

im presently more concerned on whats going to happen on the 29th March at 11pm.

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.

Am already unemployed and have savings so frankly - and this will be a bombshell to you all - let the motherfucker burn

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.

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?

Sure no worries, send me your account details including login details and passwords and I'll get right on it

I actually think its going to be quite bad

Bout time we all had some pain and experienced some hardships.

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

sure

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

Bout time we all had some pain and experienced some hardships.

Crashes are where millionaires are made.

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.

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

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?

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

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?

No but I might be buying them while they're cheap

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.

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.

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.

Then it comes down to - only gamble what you can afford to lose!

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...

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.

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

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...

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?