Is there still time to go bargain hunting for investments?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 27 November 2020
⏱️ 50 minutes
🧾️ Download transcript
Summary
But as nations went into lockdown, economies nosedived and draconian measures surpassing most seen in living memory were introduced, it was hard for most investors to get up too much of an appetite, however many times they may have heard that line.
There seemed to be no way that markets would recover for some time and the most likely course was down.
Then the rebound came, but still it all looked to good to be true - as if it was just fools and their money being parted in a FOMO rally.
Except, it turned out to have legs. The world's dominant stock market, the US, has been on a tear since late March and many other countries have bounced back too.
So, has the opportunity to go bargain hunting passed? Could our own humble stock market be one of the last places left where you can do it? Are we missing a trick and ignoring the fact the world has changed and there is no point talking about cheap value investments, just get on the tech train?
On this week's podcast, Georgie Frost and Simon Lambert discuss investing bargains: what that means and whether there are any left?
Also, while the stock market has been on the rise, the economy has been taking another lockdown beating. Chancellor Rishi Sunak updated us this week on the state of the UK economy, so how bad was the news?
Also this week, NS&I and Marcus cut rates, so what can savers do now, and finally, is triple glazing worth splashing out on?
Transcript
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| 0:00.0 | Welcome to This Is Money Podcast. I'm Georgie Frost and alongside me today is editor Simon Lambert. |
| 0:05.6 | And this week, the true cost of the coronavirus pandemic was laid bare in the Chancellor's |
| 0:10.9 | spending review. The numbers, well, they weren't pretty, but that wasn't a big surprise. |
| 0:15.3 | But it is now the time to go investment bargain hunting. Also today, Marcus, the darling of savers, has turned into something |
| 0:23.1 | like the Christmas Grinch, cutting easy access rates again, just days after NS&I slashed accounts |
| 0:29.6 | to as little as 0.01%. We ask if you should lock in a cheap holiday to potentially dodge higher |
| 0:36.5 | prices next year, or would you be crazy |
| 0:39.1 | to even think about it now? And is triple glazing worth it? Because we cover it all in this |
| 0:45.4 | pod. Don't forget you stop to date with all the latest breaking money news. Just go to this ismoney.com. |
| 0:49.6 | Or download the app. But first. This week, we had the Chancellor's Spending Review, setting out where the government intends to spend its cash or not on public services and telling us, well, how the economy is doing. And it's not that great. In some, we spent a lot of money on coronavirus. We're planning to spend a fair whack more, but we do surprisingly |
| 1:11.0 | have pots of cash spare to throw at infrastructure projects as well. Either way, the pandemic |
| 1:16.3 | hasn't been good for the economy, ours or indeed many other parts of the world. But Simon |
| 1:21.0 | will elaborate on what was in the spending review and what it all means. But what does this mean |
| 1:27.2 | for investors first? Let's start |
| 1:28.9 | with something a little bit positive. In this environment, can you root out a bargain? Well, |
| 1:34.8 | apparently, yes, you can. But where do you start? So, Simon, welcome. We'll get to the |
| 1:40.1 | spending review shortly, but bargain hunting for investors. What do we even mean by that? |
| 1:46.4 | What we mean is looking for investments that don't look expensive, that look cheap. They don't |
| 1:52.6 | have to be screamingly cheap. You don't have to be doing what was described famously as by |
| 1:59.7 | the famous value investor Ben Graham was picking up pennies in front |
| 2:03.6 | of a steamroller. You're going for stuff that, you know, it looks like it's on death store. And if you, |
| 2:09.0 | if you buy enough of those, then some of them won't fail. And when they don't fail, their price will |
... |
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