[JustChris]

Out of control and he's openly said he'd like to make MORE tax cuts.

Well it seems the kids (and grandkids) are paying so yes let's do this :

[Tengocity]

I'm actually thinking this might be the ideal time to buy in to the FT100.

The PE ratio is now below 10 so incredible value, and the companies that make a lot of sales overseas are going to get an earnings boost.

[Blacktemplar]

IMF making unprecedented comments about UK Fiscal Policy, rumours of shouting matches between LT & KK in No10, ignoring OBR data and don't publish leading to frenetic media speculation and looming interest rate hikes by the BoE, widespread derision & condemnation of the direction of travel by, well, anyone with more than an A Level in economics...

Another week, another Tory shitshow. The disaster capitalists must be rubbing their hands with glee. Again.

Wonder what the odds are on a leadership change in the near future? Place your bets gentlemen...

[JNW1]

Originally Posted by Tengocity

I'm actually thinking this might be the ideal time to buy in to the FT100.

The PE ratio is now below 10 so incredible value, and the companies that make a lot of sales overseas are going to get an earnings boost.

You're not alone in thinking that - there's an article in The Telegraph this morning entitled "Sterling sell-off is a generational opportunity for buying UK assets".

I do think last Friday's mini-budget wasn't terribly well thought through (to put it politely!) but I also think the reaction from some commentators has bordered on the hysterical - we haven't suddenly become akin to an emerging market economy and to suggest we have is just plain daft IMO. So while I think the government is making life more difficult than it needs to be at the moment I think medium and long-term we'll be fine (and hence yes, a number of UK shares probably represent good value at the moment).

[isleaiw1]

Originally Posted by JNW1

You're not alone in thinking that - there's an article in The Telegraph this morning entitled "Sterling sell-off is a generational opportunity for buying UK assets".

I do think last Friday's mini-budget wasn't terribly well thought through (to put it politely!) but I also think the reaction from some commentators has bordered on the hysterical - we haven't suddenly become akin to an emerging market economy and to suggest we have is just plain daft IMO. So while I think the government is making life more difficult than it needs to be at the moment I think medium and long-term we'll be fine (and hence yes, a number of UK shares probably represent good value at the moment).

Indeed and lob into your pension to get the 45% tax relief whilst you still can

[Blacktemplar]

https://www.bbc.co.uk/news/live/uk-p...ost_type=share

[MashinBenzin]

Originally Posted by Tengocity

I'm actually thinking this might be the ideal time to buy in to the FT100.

The PE ratio is now below 10 so incredible value, and the companies that make a lot of sales overseas are going to get an earnings boost.

Indeed. I think that's exactly the sort of calm head reaction to have. I made a similar investment move by buying into Chinese funds around March 2020 (can't recall the exact timing).

[MashinBenzin]

Originally Posted by JNW1

You're not alone in thinking that - there's an article in The Telegraph this morning entitled "Sterling sell-off is a generational opportunity for buying UK assets".

I do think last Friday's mini-budget wasn't terribly well thought through (to put it politely!) but I also think the reaction from some commentators has bordered on the hysterical - we haven't suddenly become akin to an emerging market economy and to suggest we have is just plain daft IMO. So while I think the government is making life more difficult than it needs to be at the moment I think medium and long-term we'll be fine (and hence yes, a number of UK shares probably represent good value at the moment).

+1

It's a taxation change, which can and will be changed again by this administration or another. This is simply media and financial markets doing what they need to do. The currency speculators will be having a blast (we'll hear about the Soros equivalents in due course, less about the losers unless they bankrupt their own institutions).

[JLR1969]

Originally Posted by MashinBenzin

Indeed. I think that's exactly the sort of calm head reaction to have. I made a similar investment move by buying into Chinese funds around March 2020 (can't recall the exact timing).

It OK for those with spare cash to throw into shares but most of the UK are on the edge of being skint.

[Tengocity]

Originally Posted by JLR1969

It OK for those with spare cash to throw into shares but most of the UK are on the edge of being skint.

You don't need to have the spare cash, but plenty of us have SIPPs where you can consider how the funds are allocated. I have a chunk sat in cash when markets looked overpriced a year ago. Now might be the time to reinvest some of that back in to equities. US market looks better value now, though still above long term averages, when considering the PE or CAPE ratios. Uk market is a steal currently.

[JLR1969]

Originally Posted by Tengocity

You don't need to have the spare cash, but plenty of us have SIPPs where you can consider how the funds are allocated. I have a chunk sat in cash when markets looked overpriced a year ago. Now might be the time to reinvest some of that back in to equities. US market looks better value now, though still above long term averages, when considering the PE or CAPE ratios. Uk market is a steal currently.

Yes fair comment, if it was me I would be putting any spare cash into a mortgage and reducing the term but we are all different

[Blacktemplar]

Originally Posted by Tengocity

You don't need to have the spare cash, but plenty of us have SIPPs where you can consider how the funds are allocated. I have a chunk sat in cash when markets looked overpriced a year ago. Now might be the time to reinvest some of that back in to equities. US market looks better value now, though still above long term averages, when considering the PE or CAPE ratios. Uk market is a steal currently.

Interesting. Was talking to someone yesterday who's moved his portfolio to one more heavily weighted to US/UK Government Bonds. Presume he's hoping to ride out the equities storm-in-a-teacup and minimise short-term losses.

[MashinBenzin]

Originally Posted by JLR1969

It OK for those with spare cash to throw into shares but most of the UK are on the edge of being skint.

Those on the verge of being skint will be better helped by people buying UK shares than shouting doom from the street corner.

[MashinBenzin]

Originally Posted by Tengocity

You don't need to have the spare cash, but plenty of us have SIPPs where you can consider how the funds are allocated. I have a chunk sat in cash when markets looked overpriced a year ago. Now might be the time to reinvest some of that back in to equities. US market looks better value now, though still above long term averages, when considering the PE or CAPE ratios. Uk market is a steal currently.

Yes, i think it's time to sit down for a few hours tonight and reshuffle some funds in my pensions. I'm a couple of months overdue in doing so.

[JLR1969]

Originally Posted by MashinBenzin

Those on the verge of being skint will be better helped by people buying UK shares than shouting doom from the street corner.

Course they will, they will really notice the difference

[Scoobyd]

Timing the market? Weighting towards bonds? Shuffling funds around? Calling markets?

Shudder!!!

[JLR1969]

Originally Posted by Scoobyd

Timing the market? Weighting towards bonds? Shuffling funds around? Calling markets?

Shudder!!!

I think its called gambling for a working class man wanting to be middle class

[JLR1969]

Originally Posted by Scoobyd

Timing the market? Weighting towards bonds? Shuffling funds around? Calling markets?

Shudder!!!

Invested £100K with Vanguard in the Lifestyle 60/40 fund end of 2021 and saw it drop 11% by mid 2022.

My reaction was to cut my losses and sell up quickly, then took a long breath and remembered it was invested for 5+ years so to just chill and leave it alone.

Very easy to panic though.

[Scoobyd]

Originally Posted by JLR1969

Invested £100K with Vanguard in the Lifestyle 60/40 fund end of 2021 and saw it drop 11% by mid 2022.

My reaction was to cut my losses and sell up quickly, then took a long breath and remembered it was invested for 5+ years so to just chill and leave it alone.

Very easy to panic though.

Well done on leaving alone. Despite the timing being unfortunate you're investing for the long term so, hard as it can be with all the media noise etc, walking away and leaving alone is always the right thing. We're in an incredibly rare situation this year where bonds have fallen along with equities when usually their role in a portfolio is to hold it up in falling markets. Strange times. But don't react to short term noise. If your house value fell by 11% would you panic and sell it? Or think it'll go up again in the future so why worry. Same applies here. If anything, as others have said, put more spare money in. It's a money off sale in the markets! It's time to buy, not sell.

[Scoobyd]

Originally Posted by JLR1969

I think its called gambling for a working class man wanting to be middle class

It's gambling for any class of man I assure you!

[Tengocity]

I must admit to partially trying to time the market. I still drop feed each month via salary sacrifice, but within my main pension fund I did reallocate funds. Less about trying to time the market as such, more a reflection that the US market was in bubble territory last year. I sold off US and moved a chunk to cash.
Inadvertently I timed it to perfection as it started the sell off soon after, but now I've been grappling on when to get back in to equities. Valuations look better so was going start converting that cash back to equities, probably a drip feed over the next year.

[JLR1969]

Originally Posted by Scoobyd

Well done on leaving alone. Despite the timing being unfortunate you're investing for the long term so, hard as it can be with all the media noise etc, walking away and leaving alone is always the right thing. We're in an incredibly rare situation this year where bonds have fallen along with equities when usually their role in a portfolio is to hold it up in falling markets. Strange times. But don't react to short term noise. If your house value fell by 11% would you panic and sell it? Or think it'll go up again in the future so why worry. Same applies here. If anything, as others have said, put more spare money in. It's a money off sale in the markets! It's time to buy, not sell.

Appreciate the comments of reassurance, quick question?

Our house is on the market and once it sells I need to put the money somewhere safe circa £1.3M until we buy in Portugal. I normally use National Savings as its all protected rather than banks due to it only being £86K would this be right?