MurraysWorld  >  Chit Chat  >  Corona virus
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Corona virus

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Whatever you call it, it seems to have got the stock markets well and truly into a panic.
Sold my bond allocation on Friday in preparation for buying stocks at panic induced prices. Little tongue man
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Sold my bond allocation on Friday in preparation for buying stocks at panic induced prices. Little tongue man
lol  Trust you to benefit from a crisis!

It's headlines like this though that seriously bug me, , particularly as Hancock never said anything of the sort.
Also can you imagine what it would be like trying to put a lockdown on our towns and cities particularly as the British aren't nearly as submissive as the Chinese are?  https://www.expressandstar.com/news/uk-news/2020/03/01/uk-cities-could-be-shut-down-amid-coronavirus-outbreak-matt-hancock/

It bugs me as well that the media are so hell-bent on trying to scare us witless when what most people want is plain truthful facts, although I realise that these don't sell newspapers.  Fortunately I've listened to doctors being interviewed on the radio plus some people who actually contracted the illness, so I'm not into wasting my energy on panicking about it, even though I am well aware that, if there is an epidemic, that given my age and health I'm (a) quite likely to get it, and (b) die from it, but take the view that if it's going to happen then it'll happen.  For the vast majority of people though it'll only be a relatively mild illness lasting for a few days, although if you believe the media it's the Plague revisited and that we're all doomed!   Also according to Australian health authorities who have been keeping a close watch on this virus, children are the least likely to be infected, although why this is the case nobody as yet knows. 
[ Last edit by Aileen March 01, 2020, 08:13 pm ] IP Logged
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Latest update - https://www.theguardian.com/world/2020/mar/01/twelve-more-people-test-positive-coronavirus-in-uk

"Coronavirus: UK fears of undetected cases grow as 13 more test positive
Second person in Britain tests positive without having recently travelled abroad as Scotland reports first case"

All of which makes a complete mockery of the slogan on the side of the bus shown in the picture. Rolling Eyes

I suppose though that the worst thing about this situation is that people are infectious before they develop symptoms, something which is quite worrying.

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It bugs me as well that the media are so hell-bent on trying to scare us witless

The sensationalism is coming from the exact places you would always expect though. So I don't think it's worth letting it bug you.

If I go to the frontpage of Daily Mail, I fully expert to see a silly headline for whatever crisis happens to be occurring.  I'm not seeing any disproportionate fear from places with a reasonable level of professionalism.
[ Last edit by Mark March 01, 2020, 09:25 pm ] IP Logged
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Sold my bond allocation on Friday in preparation for buying stocks at panic induced prices. Little tongue man

Kept my bonds, moved a bunch from various tracker funds into cash holdings mid February*. Win win, really. "Worst" case this blows over I pop it all back and get an immediate ~15% return.

* this was luck, really. And I don't plan to retire for another 8-10 years, so it was a relatively low risk thing to do.
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@Mark - Well The Independent isn't doing too badly with this headline, particularly as Matt Hancock never actually said what it claims!

"Coronavirus outbreak could force UK to shut down entire cities, health secretary admits"

You're right though in saying that I really shouldn't let rags like The Mail get to me because it is just a pointless waste of energy.

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Sold my bond allocation on Friday in preparation for buying stocks at panic induced prices. Little tongue man

Probably a good idea to sell them for that reason Smile  I haven't got any bonds, I do have some premium bonds though - should I sell them ??
I always thought premium bonds were a safe bet ? Smile 
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You're right though in saying that I really shouldn't let rags like The Mail get to me because it is just a pointless waste of energy.



I think you shouldn't read The Mail or The Express - these two in particular sensationalise everything they can, they're not worth any time we spend on them.  Neither of them are trustworthy or reliable.  They over dramatize all things just for MONEY and you really do know that Aileen, I'm sure you do know that really?
The virus is unpleasant and worrying of course but there's no point going into all out panic mode.  & even if any of us got It, it probably would be very mild - it would be inconvenient and not nice of course, but I'm not going to waste my days and weeks and months thinking about something which I hope none of us will ever get anyway.
[ Last edit by moonglow March 02, 2020, 05:59 am ] IP Logged
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And I don't plan to retire for another 8-10 years, so it was a relatively low risk thing to do.
Nice. Ok Complete retirement or financial independence? I'm projected for the latter roughly around that time (historical market averages and other variables permitting) but can't imagine not doing some sort of work that I enjoy.

I always thought premium bonds were a safe bet ? Smile 
Yes, so safe it's essentially a value eroding cash position.  But that's just the nature of cash these days.
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Nice. Ok Complete retirement or financial independence? I'm projected for the latter roughly around that time (historical market averages and other variables permitting) but can't imagine not doing some sort of work that I enjoy.

Ditto - the latter.
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but can't imagine not doing some sort of work that I enjoy.


You can keep on doing MW for a long time, except I think it doesn't pay?
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MW basically runs itself Smile
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^  Does it?  It must be very clever Smile
But don't you help it at all?
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Unless something technically goes wrong, I don't need to do anything apart from make sure the bills get paid.

In the past it was much more involved with Murray moving up in his career and all the activity from that.
[ Last edit by Mark March 02, 2020, 10:50 am ] IP Logged
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I think you shouldn't read The Mail or The Express - these two in particular sensationalise everything they can, they're not worth any time we spend on them.  Neither of them are trustworthy or reliable.  They over dramatize all things just for MONEY and you really do know that Aileen, I'm sure you do know that really?
Of course I know that!  Anyway for the avoidance of doubt I do not read any of these sensationalist newspapers although it's almost impossible to escape their lurid headlines when you see them either on the internet or on newspaper stalls.
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