Steady onYeah it is a bit scary! Although the more I read about them the more money I want to put into them
I meant too late as in I'm quite old now (42) so not much chance of being able to retire early off them unfortunately!
Current Affairs Stocks and shares and stuff
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Billy Dean
Player Valuation: £70m
Haha, I just wish I found out about them 10 years ago and I couldve been ploughing money into them since thenSteady on
Yeah, I hear you on that.
Moggers
Player Valuation: £6m
Same, I've just started investing myself this year and thinking I should have started earlier!Yeah it is a bit scary! Although the more I read about them the more money I want to put into them
I meant too late as in I'm quite old now (42) so not much chance of being able to retire early off them unfortunately!
On the plus side I'm a year younger than you so might be able to retire a year earlier than you ?
I remember an interesting discussion a while back with yourself around S&P. I'm still short, and think it will go down more.
A couple of technical things first. It's still below the 200 day MA. The 200 week moving average is at around 2400. That was the area the 2008/9 bounced off. In 2001 it didnt bounce off this, but hung around this level. It's a useful technical level if you're into this stuff.
I also tend to use the 20% 12 month decline (only twice in the last 15 year this has happened). We are at 19% currently. So we are very close. Typically, once this happens, you tend to get 3-6 months of selling off, then it recovers.
Psychologically I think we have a way to on decline yet. Still a lot of buy the dip sentiment. We need that to disappear, and people to give up. I dont think we are close currently.
As for valuation, we are still.quite expensive. Typically markets will go to around 10-13 PE, or below a 0.8 p/s. We are probably 50% above those still (which also gets us close to the 2400 range).
A couple of areas of interest for me. Russell 2000 trading at around an 8. Small cap value looks good. So does FCF high companies. 10-15% FCF becoming more available. The UK also has some insane value. I've recently added Royal Mail, I'm waiting at a figure to add ABF (Primark).
Going to be some really good opportunities over the next 12 months.
You're never too late mate, and honestly it's probably the best way to invest. Ignore all sentiment, and every month invest consistently in things that dont look glamorous.
Commit to look at it again in 15 years.
Its never too late mate.
At first, try to focus on not losing capital. That's my main goal!
McBain
Player Valuation: £80m
I sometimes think about riding the Stock Market, investing in Shares, sitting in front of a screen for hours on end wearing a suit and watching numbers, making spreadsheets, pacing up and down wondering if my money is going to become more money or less money and walking around talking loudly about dividends on Bluetooth headset... and then I slap myself a few times and have a lie down.
Usually cures it.
Usually cures it.
Typically the guys that do that dont make a lot of money.
They survive off clients giving them lots of capital, and essentially wasting it.
McBain
Player Valuation: £80m
I got no idea about this world and apologies for the cheap jibe.
I play football in a corporate League during the week and they're all sound. Brits, mostly from a company called Schroders. Sound lads and we all enjoy kicking the Royal Bank of Australia team!
No need to apolgoise mate, it's all good natured fun!
DuuuncanHadaPigeon
Player Valuation: £10m
don't trade folks and certainly don't short! TA works until it doesn't, most people will lose money if you trade, it is bad for your health and your relationships.
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