Stock buying opportunity?

Robbie · Post by **Robbie** » Fri Jun 24, 2016 11:54 am

So I see the Brits have left the building. I'm wondering if this is a good stock buying opportunity? I mean seriously, if Germany left could see there would be a problem...... but will the EU miss GB? What's the British economy based on, Bassett's licorice allsorts, Royalty souvenirs, Cadbury Flake bars and the five people left making Harris Tweed?

(really, sorry if I've offended any other ex- pats)
All joking aside, if the stock market dumps, it's down around 500 today.... a good time to buy? Or a good time to wave goodby to the stock market forever?

ross · Post by **ross** » Fri Jun 24, 2016 12:11 pm

I'm not a invester but I'd think it would be a time to cosy up to Britain to export to without getting caught up in EU regs . Democracy working ?
Luck to them .

Dominion Link · Post by **Dominion Link** » Fri Jun 24, 2016 12:20 pm

With 28, soon to be 27, members in the EU, the UK is the second largest contributor to the EU bureaucracy. There will be some turmoil in Britain, but I suspect that the rest of the EU will miss them (their money) as much or more than Britain will miss being part of the EU.

baronrenfrew · Post by **baronrenfrew** » Fri Jun 24, 2016 1:47 pm

Buying opportunity? Yes, if you can sleep at night (and not more than 20% of your portfolio) and you can wait ten years.
Multiple risks here besides the stock you buy: notably currency and now political risk. Or buy an Index fund (if you can get one) built on FTSE 100.
Big names are LLOYDS (insurance) banking (HSBC, Barclays) Diageo PLC (alcohol brands: Smirnoff, Guiness,), BAT (british american tobacco), BAE systems (military), GlaxoSmithKline (pharma), Marks &Spencer (clothing, department store), mining: RioTinto, BP (british petroleum), Unilever (consumer brands: Dove soap, Knorr foods, Hellmans (mayo) Lipton).
The turmoil ain't over yet. When the stocks are down so much you want to puke, that's when you buy.

Caveat Emptor: buyer beware

Disclaimer: i am not a stockbroker and therefore I am not qualified to give advice on stocks. I am licensed for mutual funds and insurance.

Post by **Killerbunny** » Fri Jun 24, 2016 2:22 pm

Well I think most of us here are not risk averse since our investment seems to be in something you can't make money on, gets weird diseases, refuses to breed when you want it to, dies at inopportune moments and costs a lot to maintain!

Robbie · Post by **Robbie** » Fri Jun 24, 2016 2:23 pm

baronrenfrew wrote:QR_BBPOST Buying opportunity? Yes, if you can sleep at night (and not more than 20% of your portfolio) and you can wait ten years.
Multiple risks here besides the stock you buy: notably currency and now political risk. Or buy an Index fund (if you can get one) built on FTSE 100.
Big names are LLOYDS (insurance) banking (HSBC, Barclays) Diageo PLC (alcohol brands: Smirnoff, Guiness,), BAT (british american tobacco), BAE systems (military), GlaxoSmithKline (pharma), Marks &Spencer (clothing, department store), mining: RioTinto, BP (british petroleum), Unilever (consumer brands: Dove soap, Knorr foods, Hellmans (mayo) Lipton).
The turmoil ain't over yet. When the stocks are down so much you want to puke, that's when you buy.

Disclaimer: i am not a stockbroker and therefore I am not qualified to give advice on stocks. I am licensed for mutual funds and insurance.

Hmmmmm so far only a little indigestion, not puking yet......... maybe tomorrow?
I just hope those portfolio managers that are paid oh so well to manage those portfolios know what they are doing, eh?
i wonder what Warren Buffet is doing right now....... probably

Let's just hope it's Guinness! mmmmm Guinness......

Robbie · Post by **Robbie** » Fri Jun 24, 2016 2:23 pm

Killerbunny wrote:QR_BBPOST Well I think most of us here are not risk averse since our investment seems to be in something you can't make money on, gets weird diseases, refuses to breed when you want it to, dies at inopportune moments and costs a lot to maintain!

Haa haaa KB Too true! Everything looks good after you "invest" in chickens!!!!! LOLOLOL

Maximus · Post by **Maximus** » Fri Jun 24, 2016 6:25 pm

Killerbunny wrote:QR_BBPOST Well I think most of us here are not risk averse since our investment seems to be in something you can't make money on, gets weird diseases, refuses to breed when you want it to, dies at inopportune moments and costs a lot to maintain!

Now you're speaking English!! Hahahah
Well said. Well said.