Are we at the start of a major recession ?

[manhill]

Take what you will from it, but yesterday my bank saw fit to send me an e-mail outlining various options for long term investment security. First time ever. Not one of the usual adverts that come up when you go to the home page either.

got to be a great time to invest, only thing is where?

 

[Danllan]

got to be a great time to invest, only thing is where?

Hand sanitiser and facemask manufacturers come to mind...

 

[Mek]

Not anymore.

Point of order . The UK Is still part of yoorp it’s just not in the yoorpeen union anymore.

 

[capfits]

got to be a great time to invest, only thing is where?

Insolvency practitioners. Hedge fund managers. Undertakers.

 

[Danllan]

Point of order . The UK Is still part of yoorp it’s just not in the yoorpeen union anymore.

I thought he meant in the political sense, hence not.

As an aside, bit's of the UK are also North American, Newfoundland to be precise.

 

[Lowland1]

I thought he meant in the political sense, hence not.

As an aside, bit's of the UK are also North American, Newfoundland to be precise.

Explain to me why Newfoundland isn't in Canada

 

[fudge]

Insolvency practitioners. Hedge fund managers. Undertakers.

I heard the government is tendering for a large quantity of “Boris bags” in case coffins run out.

 

[Danllan]

Explain to me why Newfoundland isn't in Canada

A bit of it is, the other bit is now part of Great Britain (Caledonian Orogeny ).

 

[ollie989898]

got to be a great time to invest, only thing is where?

Anywhere. I think stocks will go lower yet.

 

[averageguy54]

got to be a great time to invest, only thing is where?

They seemed to think that there was no need to panic yet, especially if your money was in long term investments. Also trying to reassure mid-term and short term investors to not get excited and start moving money around just yet. The e-mail has since come down today.
I've only one smallish RRSP that has been with the same mutual fund since I got it about 10 years ago. They've done me well so I don't complain. They get paid a %age based on year end profit so I'm sure they are on top of this situation.

 

[manhill]

Hand sanitiser and facemask manufacturers come to mind...

You won't be able to give them away after the virus wanes.

 

[Danllan]

You won't be able to give them away after the virus wanes.

Buy low, sell high.

 

[manhill]

Buy low, sell high.

Not an occupation suitab!e for procrastinators like me.

 

[Danllan]

Not an occupation suitab!e for procrastinators like me.

There's never time for procrastination...

 

[TelesnaAg]

got to be a great time to invest, only thing is where?

Blue chips that pay dividend ends across multiple sectors - i have a top 20.

Spec stocks you can buy any time and make money.

Buy when people are selling and sell when people are buying...and all the other rothy and buffet qoutes.

Ant....

 

[manhill]

If the FED is printing loads of bucks and we do similar, cash value will be inflated away. Is it time to invest some of the piggy bank in tangibles? New tractors/excavators to store away wrapped in clingfilm/machinery that can do work and generate income?

 

[czechmate]

If the FED is printing loads of bucks and we do similar, cash value will be inflated away. Is it time to invest some of the piggy bank in tangibles? New tractors/excavators to store away wrapped in clingfilm/machinery that can do work and generate income?

I must admit, i was reflecting this week that possibly it was a good thing to e sitting on no cash at all. All assetbeing property, kit and animals etc.

 

[Roger Perry]

I must admit, i was reflecting this week that possibly it was a good thing to e sitting on no cash at all. All assetbeing property, kit and animals etc.

I dis-agree, if you are a holder of cash you are able to take advantage of any opportunity that may arise.

 

[beefandsleep]

I dis-agree, if you are a holder of cash you are able to take advantage of any opportunity that may arise.

Finance costs are so low I’m not sure it matters. If you are holding large amounts of cash then it’s not working for you. I would certainly rather have a field full of cattle than money in the bank right now. Once I used to worry if I let my balance run below a certain amount. I felt I needed a cushion in case of unexpected bills or an opportunity came along. Now I try to keep it as close to zero as I can and run an overdraft facility. I think it’s a much more efficient use of my resources.

 

[robs1]

Finance costs are so low I’m not sure it matters. If you are holding large amounts of cash then it’s not working for you. I would certainly rather have a field full of cattle than money in the bank right now. Once I used to worry if I let my balance run below a certain amount. I felt I needed a cushion in case of unexpected bills or an opportunity came along. Now I try to keep it as close to zero as I can and run an overdraft facility. I think it’s a much more efficient use of my resources.

I'm glad at the moment I have a decent chunk of cash, my worry is if things really go belly up then the banks fold and the gov cant pay out on the bank guarantee, got one payment on a tractor due in dec, going to pay that off tomorrow.