Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Anybody ready for another Brexit ?
Old 06-30-2016, 05:44 PM   #1
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,877
Anybody ready for another Brexit ?

I'm up since the Brexit market gyration, WTF just happened ?
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
frayne is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-30-2016, 06:17 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 2,525
Quote:
Originally Posted by frayne View Post
I'm up since the Brexit market gyration, WTF just happened ?
Weird, isn't it? I just did my month end update and it's the highest it's ever been... Brexit shmebrexit.
ejman is offline   Reply With Quote
Old 06-30-2016, 06:56 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2016
Posts: 8,968
Can I get a Brexit and eggs with a side of hashbrowns?
RobbieB is offline   Reply With Quote
Old 06-30-2016, 07:32 PM   #4
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,324
You guys think it's over?
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.

Major Tom is offline   Reply With Quote
Old 06-30-2016, 07:35 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2016
Posts: 8,968
Maybe if the whole EU dissolves we'll get twice as rich?
RobbieB is offline   Reply With Quote
Old 06-30-2016, 07:51 PM   #6
Full time employment: Posting here.
mamadogmamacat's Avatar
 
Join Date: Dec 2012
Posts: 751
Quote:
Originally Posted by Major Tom View Post
You guys think it's over?

+1

There will be more market gyrations, no doubt, as the relationships among EU nations (present and "former", assuming Brexit goes forward) get sorted out. So far, the US seems to be considered a relative haven, even considering our own issues, which have faded from the headlines a bit for now. That can change, but so far our downturns due to turmoil in Europe are short-lived and followed by an upswing due to that "haven" perception I am optimistic this reaction scenario will continue, until Europe realizes they will survive this, and find ways to relate to each other as they have before, The EU is only 25 yrs old after all.........civilization in Europe is a tad older than that
mamadogmamacat is offline   Reply With Quote
Old 06-30-2016, 07:57 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2012
Location: Seattle
Posts: 6,006
Yes please!

A timely buy during the Brexit one day sale has netted me over $3000.

They should do this every year!
Fermion is offline   Reply With Quote
Old 06-30-2016, 08:01 PM   #8
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
If I would have known they were going to Brexit, I would have retired sooner.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline   Reply With Quote
Old 06-30-2016, 10:29 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
+1 .... I'm slightly higher 0.1%. Some of that is a gain on some international I bought last Friday... up about 3.5%. Still a long ways to go but no big deal so far.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply With Quote
Old 07-01-2016, 05:42 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 8,362
Is this what the experts meant by a "complete and total financial disaster"?

Can we do it again next week?
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 07-01-2016, 10:15 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Aug 2010
Posts: 1,089
I hesitated pulling trigger on some of the profitable short hedge. I blinked my eyes, and missed that opportunity.

Waiting for the next chance.
fh2000 is offline   Reply With Quote
Old 07-01-2016, 11:03 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Nemo2's Avatar
 
Join Date: May 2011
Posts: 8,368
I don't suppose for a moment that Carney's musings about a possible stimulus might be a small factor?
__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is offline   Reply With Quote
Old 07-01-2016, 11:33 AM   #13
Thinks s/he gets paid by the post
 
Join Date: Feb 2012
Posts: 1,495
I'm certainly no UK expert but use the BBC for international news, mainly because that's where DD and her family lived for ~10 years until moving back here last year. For the absolute political hurricane currently going on there I find it amazing that the FTSE is way above pre vote. Maybe somebody over there thinks they can change their mind? Right. Meanwhile it looks like the EU can't wait to stick it to them; no free trading without free movement. And the latter was a main driver. I just find the whole story sad; sad for UK and EU. It's like that horrible train wreck you can't look away from. I can see no way that things are going to end up just fine for everyone over there; the consequences can't be good for us either.
H2ODude is offline   Reply With Quote
Old 07-01-2016, 12:00 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 3,054
Frexit, think of the gains!
jim584672 is offline   Reply With Quote
Old 07-01-2016, 12:01 PM   #15
Thinks s/he gets paid by the post
ownyourfuture's Avatar
 
Join Date: Jun 2013
Posts: 1,554
Is There Anything More Schizophrenic Than The Stock Market ?
Last week Armageddon
This week Nothing but blue skies

As others have mentioned, my portfolio is higher than before Brexit, & by a substantial amount.

Some of my 'defensive' positions like AWK & O are acting kind of like internet stocks in 1999 & early 2000.

Happy of course, but also wondering if there's a bubble forming ?
ownyourfuture is offline   Reply With Quote
Old 07-01-2016, 12:33 PM   #16
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,324
There are so many possible scenarios, that I think it is near-impossible for the markets to factor the outcome into current pricings. Therefore, they are acting as if it is business as usual.

The majority of politicians in Westminster, as well as most major business interests, are not in favor of Brexit. For this reason, I think it's quite likely that a solution will be found that has minimal impact on business. It's also possible that they may find a way to subvert "the will of the people" and not exit the EU at all. Whatever happens, it will not happen anytime soon so, in the meantime, we party on
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.

Major Tom is offline   Reply With Quote
Old 07-01-2016, 01:42 PM   #17
Thinks s/he gets paid by the post
Tadpole's Avatar
 
Join Date: Jul 2004
Posts: 1,428
I'm worn out from just about all the doom, gloom, exhilaration, etc. I now know what it means when a kid says "whatever".


Whatever.
Tadpole is offline   Reply With Quote
Old 07-01-2016, 03:04 PM   #18
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
I am hoping for next week so I can short it again, 8% over 2 days is nice money!
NYEXPAT is offline   Reply With Quote
Old 07-01-2016, 03:55 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,007
Quote:
Originally Posted by Tadpole View Post
I'm worn out from just about all the doom, gloom, exhilaration, etc. I now know what it means when a kid says "whatever".


Whatever.
That's why I switched to whatever.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 07-01-2016, 06:41 PM   #20
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 2,842
The markets are acting as if the policy is for the Central Banks to coordinate and buy up all the outstanding bonds which is going to reignite inflation and in such a scenario precious metals and stocks and bonds all will be good investments, at least for a while. 30 year treasury hit an all time low today, silver is up 20% on the week and stocks, especially dividend yielding stocks are soaring. There is more going on right now than has been going on in the markets for 2 years, so this will be interesting to watch in the coming weeks
Running_Man is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Brexit! Taxman59 FIRE Related Public Policy 142 11-07-2016 01:00 PM
Schwab's Brexit thoughts dixonge Active Investing, Market Strategies & Alternative Assets 28 07-30-2016 08:59 AM
Brexit Paper Loss retire2020 FIRE and Money 98 06-28-2016 09:05 AM
Brexit Ed_The_Gypsy Active Investing, Market Strategies & Alternative Assets 0 06-24-2016 11:50 PM

» Quick Links

 
All times are GMT -6. The time now is 03:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.