Crash!

[UncleEbenezer]

It's looking like a proper market crash.

Anyone watching for the juicy discounts on favourite ITs?

[Pipsmum]

Yes. City of London possibly. Currently 8.11% lower than I paid before.

[Minesadouble]

I just added to my holding of Murray International.

It’s traded at a premium to NAV for a while and this looked like a good opportunity (to me at least) to buy into a 4% yield.

There might well be better opportunities over the next few days, but I pulled the trigger now.

MAD

[forrado]

Buying more Law Debenture (LWDB) on behalf of a family member before next ex-divi date due 16th March. The trust paid out a final 11p per share 12-month ago that should be a bit more this time 'round. LWDB share price falls look to have come at an opportune time.

[scrumpyjack]

1974 was a real crash, far far worse than 2008. The FTSE fell from 530 to 170.

2008 was a minor blip compared to that, market didn't even halve!

[UncleEbenezer]

1974 was a real crash, far far worse than 2008. The FTSE fell from 530 to 170.

2008 was a minor blip compared to that, market didn't even halve!

Dunno about 1974. But in 2008, stock markets weren't actually *that* high. Some companies were, but mostly it was housing and associated debt that had bubbled. The trouble in the real economy was more that investment had been sucked out of the productive economy and into property speculation.

[kempiejon]

Hold your fire, it'll be cheaper next week.

[Alaric]

1974 was a real crash, far far worse than 2008. The FTSE fell from 530 to 170.

That was the 30 Share Index as the modern index was only started in the 1980s.

It may have been a market where there was little trading. There's an urban myth, which may have some degree of truth, that when investment managers returned to their desks in January 1975, that they mutually decided enough was enough and organised some buying. As a consequence the index had doubled by March 1975.

Under current day standards of market value reporting, many financial institutions would have been insolvent when reporting their year end at 31st December 1974.

[Bouleversee]

Hold your fire, it'll be cheaper next week.

What makes you think that Kempiejohn?

[kempiejon]

Bouleversee, I'm just guessing - but I have noticed that when I think stocks/indices look cheap and think about buying they can go down further.

[XFool]

Bouleversee, I'm just guessing - but I have noticed that when I think stocks/indices look cheap and think about buying they can go down further.

Funny. I only seem to notice that after I have bought them...

[johnstevens77]

Yawnarama.

Were you around in 2008? Now THAT was a proper crash.

What about 1987 then? I remember standing in front of the ticker tape machine and wondering what I was going to tell the wife. Long time before I discovered LTBH.

john

[Itsallaguess]

Purely speculation and crystal ball reading but this recent article caught my attention in referencing 1987 -

Stock and bond markets are doing a strange thing that is reminiscent of the 1987 crash

https://www.cnbc.com/2018/02/09/one-strange-thing-about-this-market-correction-that-is-similar-to-1987.html

The article says "This rare occurrence of bond yields rising even as stock markets decline was a feature in 1987 and 1994", but I think we need to remind ourselves what 1987 and 1994 looked like when compared to the issues the market has been through since, specifically regarding 2000 and 2007 -

http://3.bp.blogspot.com/-Ca5fwPuDij4/U ... 1103-1.png

Cheers,

Itsallaguess

[Noiseboy]

Took advantage of AJ Bell Regular dealing cheap day on the 10th to add to my holdings in Finsbury Income and Growth and Murray International

I feel they are both quality trusts to hold for the long term as a core of my portfolio