Bull markets don't die of old age, but do they die of coronavirus?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 28 February 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bull markets don't die of old age, we've been told countless times in recent years, but do they die of coronavirus?

That is the question that rattled investors are asking themselves after an astonishing week in which the FTSE 100 has fallen 12 per cent.

Stock markets around the world have sold off, as investors dump shares driven by a combination of the fear that a crash is finally arriving and the forecasts that coronavirus and attempts to stop it spreading will cause a global slowdown.

The UK stock market is down 15 per cent from its mid-January recent peak - what should investors do at times like these?

On this week's podcast, Simon Lambert, Lee Boyce and Georgie Frost discuss why coronavirus has hit markets so hard, why investors should not act rashly out of fear and panic, and consider the advice from investing experts.

Elsewhere, we reveal how we helped a couple get their £25,000 savings back after their phone number was ported away without consent.

Things get a little silly as we talk about how to deal with those difficult and bizarre interview questions that don't have a correct answer.

And finally, the 100 most iconic cars of all time have been named in a survey voted for by Boundless members – previously known as the Civil Service Motoring Association. We reveal what topped the charts.

Transcript

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0:00.0	This Is Money's podcast is brought to you in partnership with the financial services compensation scheme.
0:04.9	Check your financial products at FSCP protected at fscs.org.org.org.
0:09.3	Welcome to This Is Money. I'm Georgie. For us, Dan, alongside me and editor Simon Lambert,
0:15.5	today is Assistant Editor Lee Boyce. And how worried should we really be about coronavirus? I'm not talking about
0:22.9	our health, but I'm talking specifically about our investments. Global stock markets already
0:28.0	being impacted, so what can you do to protect your money? Also, we have a budget just round the
0:32.9	corner, so Simon asks, will the new Chancellor be brave enough to get rid of Britain's 60P tax rate?
0:39.2	Also, this is money, help a couple, get £25,000 worth of savings back after a nasty
0:45.3	sim swap scam. What is the most ridiculous thing you've been asked in an interview?
0:50.6	And what is the most iconic car of all time?
0:54.4	That is not, by the way, an interview question that I know of,
0:57.5	although actually I don't think it would be a bad one, a bit more fun.
1:00.0	Anyway, don't forget you see upstate with all the latest breaking money news,
1:03.1	just go to this ismoney.com.uk or download the app.
1:07.0	But first, coronavirus continues to spread around the world.
1:10.2	You could join the throngs if you so choose on the tube by donning masks,
1:15.8	luthering yourself in sanitiser gel, even self-isolating altogether.
1:21.4	There is a rather helpful, I don't know if that's the right word, video on the BBC. Should you so want to have some tips on what sell? Oh yes, Lee's head in hands right now. Anyone with a small child as well? Even more fun. However, you cannot stick a mask over your investments. Well, not really. Metaphorically speaking, I suppose. But as the global market the global stock markets tanked this week, businesses have been rushing to explain
1:48.0	why they are affected from Aston Martin, saying less posh car sales and supply chain issues
1:54.5	to Diageo, because of course we're not going to be going out and buying so much booze, apparently.
1:58.8	And the more obvious candidates that you would expect,
2:01.3	such as airlines and travel firms, which have already been hit.
	...

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