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Coronavirus

Been keeping a check on my pension retirement fund over the last 3 or 4 weeks, it had been holding up quite well but lost 5 grand over the last few days, now its only money and other people have far worse things to worry about but it does make me nervous, wondering if I'll be working till I drop. Don't know how far it will drop, I took my gamble and it looks like I might get burned. Makes you wonder if its worth pulling it all out paying the tax and sticking under my mattress

Taking it out now is the worst thing you can do. You'd basically be accepting a £5k loss. Investors know these sorts of things happen and also know that given time the funds will go back up. Unless you are retiring in the next year or two then it'll eventually go back up.
 
Taking it out now is the worst thing you can do. You'd basically be accepting a £5k loss. Investors know these sorts of things happen and also know that given time the funds will go back up. Unless you are retiring in the next year or two then it'll eventually go back up.

I wish I could share your optimism for the global economy
 
I wish I could share your optimism for the global economy

Bear is probably right though given all the historical precedents. Of course we're in uncharted territory but unless you absolutely need those funds in the next 2/3/4 years then now is unlikely to be a good time to sell.
 
Bear is probably right though given all the historical precedents. Of course we're in uncharted territory but unless you absolutely need those funds in the next 2/3/4 years then now is unlikely to be a good time to sell.

Conversely it's a bloody good time to buy. But you need the money to do it.
 
Buying shares in a recession because you are predicting where the bottom of the market will be is as risky as trying to catch a falling knife.
 
WTF is that, it's trotting along then all of a sudden

"Old resentments and falling-outs will seem irrelevant. You will call people you had sworn never to talk to ever again, so as to ask them: “How are you doing?” Many women will be beaten in their homes."

It’s the guardian - we’re all doomed, especially the ladies who will have it even worse...
 
Everywhere where lockdowns have gone into place, domestic abuse cases have been spiking. (That sentence is structured to give some hefty whiplash though, isn't it?)

Similarly, people I know who work in education and child services are terrified about all the at-risk kids who are now stuck at "home" when that's a dangerous place for them to be, whether because their parents are suspected of abuse or because the only square meal they were getting each day was lunch at school. And then there are the queer or trans teenagers and young adults who are now stuck at home with families who hate their "lifestyle".
 
I see there are a few reports in Italy that some area are seeing people becoming very uneasy with the lockdown and they think riots/looting are not far away.

How long do you think the people of the UK will cope with the lockdown, especially as it looks like it will be stepped up in the coming days. Boris has worked on the basis of saying I don't want to do this but...and a few days later doing it and we have a letter coming telling us he doesn't want to add extra levels to the lockdown but...
 
Daily Mail: How can we blame the EU for this?

GOT IT

EURaowZX0AAECtk
 
I see there are a few reports in Italy that some area are seeing people becoming very uneasy with the lockdown and they think riots/looting are not far away.

How long do you think the people of the UK will cope with the lockdown, especially as it looks like it will be stepped up in the coming days. Boris has worked on the basis of saying I don't want to do this but...and a few days later doing it and we have a letter coming telling us he doesn't want to add extra levels to the lockdown but...

Early next week the UK knobs will be smashing up shops then...
 
What else do we do though? Ignore scientific advice, flick it off and say Boris and Donald know best?

I struggle to get my head round the argument that a few 10s of thousand/Hundreds of Thousand/Million lives are worth sacrificing to ensure what? The current financial systems remain in tact? Politicians retain their meal ticket? What is it we would be getting that is so worth these people dying? Not unbalacing a very unbalanced apple cart? If we have any chance at all of saving these lives, surely we should try?

Questions bounced around earlier like ' so would you be happy to pay more tax then, and everyone wants it, till its them that has to pay for it, so answer me this.

Say 31,700 people , the capacity of Molineux needs to die to save the world's financial systems. Would you volunteer? Would you offer your wife up? Your girlfriend, your boyfriend? Would you kiss goodbye to your children, parents or Grandparents? Would you be happy to see them sacrificed?

If not, why should you expect, or condemn others to do so?

I don't have all the answers, no one does, but some people get paid a lot of money to come up with the best options, and it's their advice that we take the steps we are doing.

I don't envy them, and even less the people that are having to impliment this and I certainly wouldn't want to be them. I really, really don't
 
Buying shares in a recession because you are predicting where the bottom of the market will be is as risky as trying to catch a falling knife.

You don't need to work out where the bottom is unless you're doing it to turn them around quick. You just need to know they're going to improve which in the long run you would expect them to.
 
Just done our essential shop and the amount of people oblivious to social distancing is worrying. Even the supermarket staff come and stand next to you when the self service till packs up.
 
You don't need to work out where the bottom is unless you're doing it to turn them around quick. You just need to know they're going to improve which in the long run you would expect them to.

Assuming that business you have bought shares in doesn't go bust and then you lose your shirt.
 
Just done our essential shop and the amount of people oblivious to social distancing is worrying. Even the supermarket staff come and stand next to you when the self service till packs up.
I've stopped using the self service till. Not sure whether they are more dangerous than a real person might be?
Who knows.
Once a week shop for the last fortnight and that's it for us anyway.
 
speaking to a german friend last night, and her daughter lives and works as a songwriter in LA. she says a lot of people are more worried about people wandering around with guns than the virus.
the new sport there seems to be if you want it and someone else has got it, food , water, whatever....just go take it. i read somewhere that gun sales are currently climbing through the roof. Thank fuck i live in Europe.
 
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