When do I jump

[tierney22]

Hi any advice. I am buying a house and need to sell all my stocks in the next three weeks.Do I jump this week or keep my nerve . What will the FTSE do this week , I know how long is a piece of string.
Any advice would be greatly appreciated. I really am a beginner in this field

 

[Splitlink]

Hi any advice. I am buying a house and need to sell all my stocks in the next three weeks.Do I jump this week or keep my nerve . What will the FTSE do this week , I know how long is a piece of string.
Any advice would be greatly appreciated. I really am a beginner in this field

I suppose that you know that this is a bad time to sell shares? You are asking for advice from us, who do not know from one week to another, what the indices are going to do.

If we tell you to hang on and they go down, we are wrong. If we tell you to sell and they go up, we are wrong. I think that the ball is in your corner. Good luck with your decision.

 

[tierney22]

I suppose that you know that this is a bad time to sell shares? You are asking for advice from us, who do not know from one week to another, what the indices are going to do.

If we tell you to hang on and they go down, we are wrong. If we tell you to sell and they go up, we are wrong. I think that the ball is in your corner. Good luck with your decision.

Thanks, I know it really is a bad time in fact it couldn't be worse. But I have found a gem of a house and the price is right. Just very bad timing.

 

[Splitlink]

Thanks, I know it really is a bad time in fact it couldn't be worse. But I have found a gem of a house and the price is right. Just very bad timing.

Sorry to be so unhelpful but I'm telling you the facts. No one knows when it is a good time to get the best price. Remember one thing. Try not to show eagerness to sell, the buyers smell that. So try to pick a day when the prices are firm. Even in these times, some days are better than others.

 

[NVP]

screw the Shares

dont buy the house......wait till next year and save 5%+

N

 

[Splitlink]

screw the Shares

dont buy the house......wait till next year and save 5%+

N

That is the best idea. Selling anything in a hurry, because one has to, is always bad policy. He may get a better price if he plays hard to get, although he may lose the chance.

Decisions, decisions! Life's a bitch, but it is the same for all of us!

 

[tierney22]

Thanks for all your advice boys (I assume you are all boys) I am a lady pensioner with a portfolio today of £176K in a week I am already another 8K down. People say you are in in for the long term but I dont really have a long term to wait. My savings are earning next to nothing.My small pension is getting even smaller The property market is at an all time low and the rental market is at an all time high.I feel I have to cut my losses and start earning an income from my money even after tax my return should be better. Thats why I am buying a house. When the rental market drops I sell. Am I being sensible ?

 

[Splitlink]

I hesitate to give more advice than I have, especially as I do not live in the UK.

 

[pboyles]

What will the FTSE do this week ,

Nobody knows, come Friday evening there will be plenty of people who will tell you why it went up or down but none of them knew in advance.

 

[scose-no-doubt]

go speak to a financial planner. This is the wrong place for this kind of advice

 

[enragedcow]

Hi any advice. I am buying a house and need to sell all my stocks in the next three weeks.Do I jump this week or keep my nerve . What will the FTSE do this week , I know how long is a piece of string.
Any advice would be greatly appreciated. I really am a beginner in this field

keep your money in stocks or cash

houses aren't investment assets in my mind

unless of course it will be your home or is for any other purpose than investment

 

[shewolf]

go speak to a financial planner. This is the wrong place for this kind of advice

You have got to be kidding! A financial planner is the WORST advice possible. He will sell her shares, then tell her to buy all new shares (because they will be "better" shares).
Six months later he will then tell her to sell the new shares.
The financial planner will then tell her to put all the money into a Managed account (spread over shares and property and cash).
Then six months later he will recommend that she liquidate everything and put it into a Property trust (because she wants to have a property so lets use a property Trust instead of a Direct property purchase).
By this time all the commissions will have reduced her capital by 50% and the market drops will have reduced the balance by another 30 %.
The financial planner will then tell her that she does not have enough money to buy a house so she needs to increase her risk to get a better return so he will then put all her money into a futures and forex based Fund.
She will have lost everything within 2 years.

I have NEVER met a wealthy Financial Planner. The are commission based sales-people for insurance and Investment companies.
Their priorities are:
The biggest commission/kick-back for themselves.
A nice spread amongst his investment companies so that he gets invited to all their functions and freebies
Way, way down the list, the LAST and LOWEST priority is the customer

 

[rathcoole_exile]

depending on how much you need to raise, why not write Covered Calls on your stocks ?

This will
a) raise some premiums for a deposit on the house
b) if the Options are exercised/called upon, at least your stocks will be sold at a higher price than they are today....

 

[dealer911]

Thanks for all your advice boys (I assume you are all boys) I am a lady pensioner with a portfolio today of £176K in a week I am already another 8K down. People say you are in in for the long term but I dont really have a long term to wait. My savings are earning next to nothing.My small pension is getting even smaller The property market is at an all time low and the rental market is at an all time high.I feel I have to cut my losses and start earning an income from my money even after tax my return should be better. Thats why I am buying a house. When the rental market drops I sell. Am I being sensible ?

I think its a good call - cut your losses on the market and put your money into a real asset!

 

[new_trader]

You have got to be kidding! A financial planner is the WORST advice possible. He will sell her shares, then tell her to buy all new shares (because they will be "better" shares).
Six months later he will then tell her to sell the new shares.
The financial planner will then tell her to put all the money into a Managed account (spread over shares and property and cash).
Then six months later he will recommend that she liquidate everything and put it into a Property trust (because she wants to have a property so lets use a property Trust instead of a Direct property purchase).
By this time all the commissions will have reduced her capital by 50% and the market drops will have reduced the balance by another 30 %.
The financial planner will then tell her that she does not have enough money to buy a house so she needs to increase her risk to get a better return so he will then put all her money into a futures and forex based Fund.
She will have lost everything within 2 years.

I have NEVER met a wealthy Financial Planner. The are commission based sales-people for insurance and Investment companies.
Their priorities are:
The biggest commission/kick-back for themselves.
A nice spread amongst his investment companies so that he gets invited to all their functions and freebies
Way, way down the list, the LAST and LOWEST priority is the customer

Now compare this to the sage advice she has received in this thread.

 

[scose-no-doubt]

You have got to be kidding! A financial planner is the WORST advice possible. He will sell her shares, then tell her to buy all new shares (because they will be "better" shares).
Six months later he will then tell her to sell the new shares.
The financial planner will then tell her to put all the money into a Managed account (spread over shares and property and cash).
Then six months later he will recommend that she liquidate everything and put it into a Property trust (because she wants to have a property so lets use a property Trust instead of a Direct property purchase).
By this time all the commissions will have reduced her capital by 50% and the market drops will have reduced the balance by another 30 %.
The financial planner will then tell her that she does not have enough money to buy a house so she needs to increase her risk to get a better return so he will then put all her money into a futures and forex based Fund.
She will have lost everything within 2 years.

I have NEVER met a wealthy Financial Planner. The are commission based sales-people for insurance and Investment companies.
Their priorities are:
The biggest commission/kick-back for themselves.
A nice spread amongst his investment companies so that he gets invited to all their functions and freebies
Way, way down the list, the LAST and LOWEST priority is the customer

hmmm that's funny cos I know a few who drive aston martins and I'm not even in London where the money is FAR better.

Have you considered that maybe you have only dealt with/heard about poor financial planners in the past?

To the OP I strongly suggest you give a planner or wealth manager a call and arrange a meeting with a professional. I sincerely doubt that the vast majority of posters on these boards are in a position to give any first hand advice on this sort of matter.

 

[new_trader]

Personally, I’d rather see the customers of a financial planner driving Aston Martins. I couldn’t care less if the financial planner isn't wealthy, it’s probably a sign that they are working in the best interest of his or her customers.

As far as Property Vs Stocks, I prefer stocks. I sold my property to invest in stocks and other assets, the very opposite of what the OP is contemplating. Why stocks?

1) The ability to Diversify into different asset classes
2) Don’t have to worry about bad tenants
3) No insurance or maintenance costs
4) Regular income as opposed to property where there could be periods a property could remain vacant while trying to find a good tenant.

I suppose it’s a matter of weighing up the pro’s and con’s yourself or with the help of expert advice, wherever you get it.

 

[Sidekicker]

4) Regular income as opposed to property where there could be periods a property could remain vacant while trying to find a good tenant.

Like one of those FTSE companies that cut their dividends

 

[new_trader]

Like one of those FTSE companies that cut their dividends

How many companies in the FTSE 100 didn't cut their dividends? That's why I mentioned diversification.

 

[tierney22]

Thats It I HAVE jumped early yesterday.
A nice safe little BTL. The property next door has only been unoccupied for a month in the last 10 years. 5 mins walk to mainline station 20 mins Waterloo. I can sit back in my slippers and enjoy the regular income and not worry if the market is up or down.
Anyone looking for a cottage to rent !!!!