06-03-2020, 07:25 PM
I assume there are people that are a lot worse off than myself after the last 2 weeks of turmoil on the markets but I must confess, it is rather depressing seeing 2 years of investment profits (Across all investments) wiped out by a damn virus!!
I have attempted to offset some of the losses by holding back some cash and investing where I think the lows are, but judging those right now is proving more difficult than predicting Crypto currency movements!!
Anyway, intend now to just hold out and just ignore the markets for the next month or 2. I only have unit trusts rather than individual shares, and I have seen these drops before (Just not in such a short time period!)
As I said though, ignoring it is rather easier said than done when your XIRR goes from 11% to -4% in 14 days!!
I have attempted to offset some of the losses by holding back some cash and investing where I think the lows are, but judging those right now is proving more difficult than predicting Crypto currency movements!!
Anyway, intend now to just hold out and just ignore the markets for the next month or 2. I only have unit trusts rather than individual shares, and I have seen these drops before (Just not in such a short time period!)
As I said though, ignoring it is rather easier said than done when your XIRR goes from 11% to -4% in 14 days!!
I'm an engineer by trade, so don't normally have money. If you lose any money because you listened to something I have said, more fool you!!