well my stock portfolio took a hit of 0.5% i was horrified to see last night. I check daily and usually a decline or rise is simply a random fluctation and 0.5% a day is hardly unusual since I invest in high risk products for hopefully better return.

However I have been left disgusted after finding out that the reason for the recent hit to the ftse and europe is related to greece who have decided that weather you do or do not have to repay your debts is just a free choice. If only I could have taken that attitude successfully with John lewis Financial services.

I am wondering will this affect stock portfolio going forward or is this just a dip that wont really be significant in the long run.

I don't deeply care about Greece per say but when there stupid unreasonable behavior costs me 0.5% on my portfolio which is really my only real hope in life, my suggested way of handling there debt goes something like this.

https://www.youtube.com/watch?v=ZomwVcGt0LE

If you are horrified by 0.5% drop in your portfolio you shouldn't be in the market, period.

Paying your debts is a free choice. Not like you're in/ever will be in a John Lewis debtors prison is it?

I know he wasn't looking for advice but this is 100% correct

Cliff:
op invested in high risk products
op is crying to about a 0.5% decline in his portfolio


can't believe i just wasted my time reading this

C+ troll attempt. There are some brilliant BFI troll OPs, this is weak as.

ok well I have always been emotional and reactionary many people have told me I should not have got into poker or should not play it because i get wound up if I lose $20 even though I have four figure roll.

Well yes but over the years I have made more then 5 figures from the game which I know is not a boast really but it does mean my situation has improved from doing so. the same is true for high risk shares yes i will check them daily, and worry if they drop but i dont tamper with them or rush out i invest in share funds for the long term.

my main point in this thread is I am not a financial expert but am trying deposit regularly into my shares isa and i know some people have more knowledge then me here.

I was wondering weather Greece was a significant effect on things and if its advisable to hold off investing for a bit due to Greece situation or not worry about it.

I have what is quite a bit of money to me waiting to invest when I next get paid and would rather not be burning my money.

my colleague at work who is always looking at stocks reckons the market will lose 5-10% within the next month over this Greek debacle and then steadily grow. I don't know how valid this idea is or if it is accurate but wanted get others opinions as if this is the case i might be best holding off and then depositing the next investment when the market hits a low to catch the rebound etc.

no because I cleared my debt with John Lewis financial services.

The thing is ok I wouldn't have gone to the debtors prison but my credit rating could have been destroyed which might affect future mortgagees job opportunities etc. not to mention the prospect of debt collectors and bailiffs coming after me.

ignoring moral reasons there was a reason I honored the debt and paid it off rather then trying to weasel out of it.

and yes it was stupid to be in debt in the first place I made the mistake of falling in love with an obese gold digging whore and didn't have the money to support this so ran up a credit card.

This issue is in the past i was just making a point in passing.

It will hurt Greece's credit. Exactly the same. They have a choice to not pay, and that was well-known to everyone of any importance who has exposure.

You are more than welcome to invest based on whatever criteria you choose. In other words, your wee tiny loss is entirely your responsibility and you should have taken better care in your investment choices.

i invested in share funds, the ftse took a hit because of Greece so my funds took a hit.

obviously I am free to invest where I like I would be damned if anyone on here tried to tell me out right that I am/am not allowed to invest in certain stocks.

However I know that there are people that know more about the financial markets on here then I do, and was asking if in there opinion its best to stay clear of investments whilst this Greek thing goes on. I have not and do not intend to invest money in Greece I feel that is a bad idea.

My investments tend to lean towards india small business in the united kingdom and etc, however as far as I understand Europe and the UK economies and stocks are affected by this situation in Greece. I spoke to my broker i think it is the company that hold my money and purchase/sell shares and funds on my behalf per my instruction.

they mentioned they cannot give advice, but yes they had been hearing a lot of people mention that there hesitant to put money in the market at the moment. I guess that is a sign its only likely to fall over the next few days but who knows.

I am holding put of my next investment until further news comes out.

Greece's happenings are already priced into the market.

apparently everything is priced into the market I have heard about the efficient market hypothesis but obviously things that come out soon could cause fluctuations further.

My ideal situation is to buy 1 penny shares in an oil company who are desperately drilling in some random spot hoping to strike oil.

then I invest a small amount and boom they strike and the shares increase 300 fold. making me a millionaire from one trade. although I doubt I would have the balls to invest over 3 grand in some huge risk.

I have googled this out of curiosity but short of some company that previous directors were done for fraud is talking about diluting there shares and faces the prospect of if they hit oil the government there might nationalize them i have not found anything.

I could invest in this company but then I would probably have more ev setting my money on fire at least some of it might not burn.

IMO You should buy a retirement target date fund from Vanguard and that is it.

their*

*whether

took another hit ****ing hate greece.

You can just picture them lying on the beach overlooking the crystal clear waters of the Mediterranean, eating antipasto, drinking wine, and exchanging oral, at 2:00 in the afternoon on a Wednesday, laughing their asses off at all the hard working Germans that pay their debts and taxes.

jesus op are you serious? if you are 100% equities in your investment portfolio expect several drops of 50% or more over your investment lifetime (if it is for the long term).

You shouldn't be in the markets.

Yep. Reminds of something a friend told me while building a school in Tanzania. The locals would sit around during the midday heat, making fun of the stupid white people working in the middle of the day rather than resting like normal people.

This is why the euro zone was always a horrible idea and always doomed to fail. It goes against the most basic and accepted of economic theory. And we're seeing the results. The Greek can be as lazy or incompetent or socialist as they desire if their currency can float vs other currencies.

The euro will collapse eventually through simple economics.

right ok my exact investments are as follows.

First State Asia Pacific Leaders (Class B)

Old Mutual UK Alpha (Class U1)

Standard Life Inv Global Smaller Companies (S)

Lindsell Train Global Equity (Class D)

Marlborough UK Micro-Cap Growth (Class P)

i wont give exact money invested or ratios between the funds.

There not individual shares they are funds where fund managers pick multiple investments diversified for large pools of investors.

this is as I understand it not 100% equities.

as far as I understand equities is just straight shares right?

i might expect to see a single share drop 50% etc if i invested straight in equities, but this cant be common amongst a well spread diversified fund. Unless we have a unprecedented market crash. Which I think will happen at some point Its not something I really factor in because If I have not acquired my own assets under ground bunker collection of guns and food rations I am screwed anyway no matter where I am.

this is assuming it happens in my life time which it may or may not. but even if i did acquire enough assets to do that, I would have to live there isolated from society, and I dont mind the social isolation since the only thing i get from social interaction is depression and the motivation to self harm, I like having conveniences near me like shops and restaurants and museums etc. its not really a life to live effectively locked up, and unless i did when the **** hits the fan others would be there before me.

IN fact even if i did live there 24/7 I remain skeptical about my ability to single handily hold the fort. Against myriads of biker gangs.

I dont expect a well diversified portfolio to have slumps of 50% except in the most extreme circumstances. I mean even googling worst stock declines in history shows 30% crashes to be extreme and I know there have been crashes where people lose everything, but I am just saying if we are going to regularly see slumps of 50% on well diversified portfolios then I think we will have some pretty chaotic times ahead an environment where my odds of survival realistically are less then winning the lottery. Finance position in these circumstances may not be my greatest worry.

OMFG 0.5% jesus i hope you are ok. Its pretty rare that anyone ever in life has to go through anything that devastating.

if you ever need a shoulder to cry on, im here for you.

well its over 1% now because I took another hit. yes I could do with a shoulder to cry on.

1% will happen very often even without any Greece news. Golden tip for you which helped for me when I first invested money in stocks as a longer term Portfolio: don't check it daily or even weekly. If you're not day trading, what's the use of checking it daily anyways? It's only torturing yourself.

Just remember that it is all your fault. Take some responsibility.

I know your been silly but actually your right.

If people cant admit there faults they cant improve if I want to make money investing which I do and I know I can, I need to research better.

I know for some reason you seem to dislike me and want to prod me but the fact is I had been in debt for some time and I am finally out of debt and running at a significant surplus financially, I dont earn a lot but my costs are very low to.

so I was over excited and eager to invest and I had researched the funds I was going to invest in a bit, what I failed to do was research the wider economy and I completely missed this and did not take into account Greece. Greece is either going to put things into a long recession again or just be a small blip on the radar but it was not sensible to invest in highly volatile funds at a time when something that affects market confidence and could jitter it is going on eg the Greek negotiating and end of month potential default situation.

I have what is another large investment to me waiting to make but this time I am been more responsible and waiting to see what happens with Greece before I deposit and invest.

I have had some advice regarding buying shares low and selling at a profit etc after a week or few weeks I do not know if this is really good advice, the guy who told me this boasts of impressive returns but then anyone can boast and I have not seen proof or even verified if could be luck.

so in regards to day trading I am not sure if this is what you would call day trading, my plan was to make a fictional portfolio and see how I do since I wont have enough funds to be doing this sought of thing anytime soon anyway.

basically I research shares pretend or make up a fictional buy with a fictional bankroll record it in excel and by time I had capital to make moves like this I would have some vague idea to weather his theory really works.