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Tradefair & Financials
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off a £60k punt. couple of decent funds gone bonkers.......stick or twist??? or part sell off?
Advice please....
Advice please....
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Replies: 15
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Howdi,
Investment advice is one of the hardest things to give – especially without knowing your personal situation, i.e. investment objective, time horizon, risk tolerance, etc. Everybody really is different in this respect. What you’re really asking is if the markets are going to continue rising or not but obviously although everyone has an opinion nobody knows. It may depend on what you want to do with the money – if you want to continue investing it then I would say to stick with this investment and run with the momentum. On the flip-side if you are planning on spending the money elsewhere then a 15% return on your money in six weeks is nice and you may want to take part or all profit. An option may be to run a trailing stop-loss on this. There is plenty of info on the net regarding trailing stop losses but essentially it allows you to set a maximum loss whilst keeping your position open in the hope of further gains. However, it sounds like your investments are in a unit trust/oeic in which case a trailing stop-loss probably isn’t suitable as you are vulnerable to not being able to exit quickly enough if there is a sharp decline. |
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lovely post cheers Gin.
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There is an argument for setting a stop loss, but in reality it can cost you plenty.
Market makers love to plunge a share's price before a significant rise. The drop is designed to triggers stop losses like yours and take you out. I decide myself when I want to sell and not be manipulated by the sharks. Even stockbrokers are in on the act, they'll always advise you to set a stop loss. The more you buy and sell the more they make in commissions. |
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Take complete control and responsibility for your investments. I don't like the look of "couple of funds gone bonkers", as it appears you are gambling at one remove.
If you trade on a 14 day horizon, I cannot advise you. When I buy, I keep for a year, minimum. |
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^^^ Ive been it for years dont worry yourself.
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sometimes a 14 day trade for quick profit is just what the doctored ordered.
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poor philosophy to keep an investment for a year imo , as you investments need flexibility as the world is a fast changing place!
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I'd say sell. With the election result & continued Greece uncertainty, I have sold quite an amount of equities recently and am sitting on the biggest percentage of cash I have ever done. I don't intend to do this for long. I'll either take a view on the election in the days leading up to it, or decide what to do shortly afterwards. If things stay as they are, I'll get fully involved again. IF Labour/SNP get in, I'll consider emigrating!
I was hoping for some serious uncertainty and the opportunity to raise my percentage in retail bonds. |
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The old adage 'sell in May and go away' may be truer than ever this year. The FTSE seems very toppy and it will only take one instance for confidence to evaporate, a Labour-SNP victory would suffice so I think a lot of people re sitting on cash or trading over short periods.
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I did sell some financial shares a few weeks ago in case Labour won but they have recovered by 10% today to what I sold them for. The removal of Vince Cable will be a big relief to many companies and the banks that were threatening to leave the country might reconsider.
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what the play from here on in?
sell ftse shares within 6 months and shift to the eurozone?? |
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France will be in financial crisis again before long. Wait for some profit taking on Monday morning and then buy FTSE.
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last thing id advise is getting involved in the ftse bar one or two who were given slapped wrists for not acting correctly.
its very clear as there is no where else to put your ££££ they appear to be the best of a bad lot of options....unless your willing to invest abroad. |
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The value of the pound is going up too fast for my liking so far this week as this will reduce profits for many companies.
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thats great news for me...
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