Merchants Share Discussion Threads

[tim 3] 11/11/2020 00:10

Much as I am grateful to see the rebound I think its way to early to say this is the start of a more long term trend away from tech back into value stocks infact personally I doubt it.

[gateside] 10/11/2020 22:03

MRCH pay their dividend on Thursday :-)

[escapetohome] 10/11/2020 21:19

Even though some were extolling the outperformance of tech and the relative superiority to value.

TIMING.

[escapetohome] 10/11/2020 21:18

Yup making the switch out a few weeks ago at a ‘low’ When value shares were completely out of favour, to switch into high flying tech, didnt make any sense at all.

[zac0_4] 10/11/2020 19:00

Finally got my head above water here. Capital up 4.1% with an additional 2.2% gain from dividends. So, total return to date of 6.3%. As always, I'm leaving well alone with all my investments despite the shift out of momentum stocks indicated in the article below. My Axa Framlington Global Tech fund is down 6.5% on the day!

[ctrader3] 10/11/2020 18:13

Joshua Mahony, senior market analyst at IG, said: "The shift out of momentum stocks has continued apace today, with yesterday's vaccine breakthrough from Pfizer seeing liquidity shifting into value. Despite lagging behind the pack for much of this recovery, the FTSE 100 looks set to outperform its US counterparts as the lack of tech stocks and wealth of value stocks finally provides a benefit. With less than a week gone since the country entered a nationwide lockdown, the value composition of UK stocks will likely lead to outperformance over the coming months."

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or not.

[mister md] 10/11/2020 15:10

Me too, and it's still over 30% under where it started the year, with dividends as added bonus

[gateside] 09/11/2020 17:52

In profit with my MRCH holding for the first time ever!More to come tomorrow hopefully

[chc15] 09/11/2020 15:08

Indeed , buying the whole mkt and holding for decades is the only strategy. Good day today.

[bennodean] 09/11/2020 12:48

zac0_47 Nov '20 - 22:23 - 1027 of 1029
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Well, after 20+ years of investing I've finally come to the conclusion that I cannot read markets! Last weekend the UK government announce a fresh month long lockdown. I fully expected a downward trend on FTSE - it produced +5.9% return over the week. Then midweek the US election doesn't produce the outcome that was anticipated (a Biden win) and, again, I fully expected a negative impact. The DOW finished the week +6.1%! It sort of reinforces my strategy of simply buying and holding over the long term and not trying to time the market.

===========================

Markets will never revert to true value ever again. They let the air out of the balloon occassionally but at the first whiff of panic, central banks just flood the market with cash.

[tim 3] 08/11/2020 00:07

Was talking about this on another thread earlier in the week.

Over the last two decades or so the market has changed beyond belief. Before something like the uncertainty of a prolonged challenge to the US election result,the removal of a president who is very pro market replaced with one where there is much less confidence about his approach and a pandemic that nobody knows how long it will last and what the outcome will be would have almost certainly sent the markets tumbling.But here we are with the US close to record highs!!

A couple of the reasons for this could be summarised by firstly the staggering amount of stimulus being pumped into the market now means they finally found a way to control it and move it where they want regardless of the economy and secondly the fact that with interest rates so low and unlikely to rise any time soon the money just has nowhere else to go.

Either way traditional valuation methods just don't seem to work anymore!

[zac0_4] 07/11/2020 22:23

Well, after 20+ years of investing I've finally come to the conclusion that I cannot read markets! Last weekend the UK government announce a fresh month long lockdown. I fully expected a downward trend on FTSE - it produced +5.9% return over the week. Then midweek the US election doesn't produce the outcome that was anticipated (a Biden win) and, again, I fully expected a negative impact. The DOW finished the week +6.1%! It sort of reinforces my strategy of simply buying and holding over the long term and not trying to time the market.