1. What happens now? – I would not do anything with my funds based on this. If you save in mutual funds, you have to expect big fluctuations, and sometimes there is uncertainty in the market. That’s what chief analyst at Nordea Markets, Erik Bruce, says. On Monday and Tuesday, there were major fluctuations in the stock markets worldwide after the Japanese Nikkei index was in free fall. On Tuesday, it seems that the situation has improved somewhat. A stock market fall of 3 per cent, which was the case in Oslo on Monday morning, means that values worth over NOK 12 billion disappeared overnight. Monday’s decline is due to the fact that the currency in Japan, the yen, has become stronger against the US dollar. In addition, weak job figures from the US increase fears of a recession. Chief analyst at Nordea Markets, Erik Bruce. Photo: Alf Simensen / news – Japan knows a lot about it, the rest of the global market will too, but not to the same extent as in Japan. He says that the markets often react strongly when there is unrest on the stock exchange, and that we need good figures from the US to avoid the situation escalating. 2. Should I sell? – It is generally a good idea to have ice in your stomach, says Hege Winther Lindseth. She is behind the Instagram account “Aksjereisen”, where she shares tips and advice for anyone who wants to invest in funds and shares. In addition, she is a trained authorized financial adviser, and works in the investment app Stack x me. Lindseth himself has lost almost 2.5 per cent of his own investments in the last week. Still, she has no plans to sell. Hege Winther Lindseth has lost 2.46 per cent after the stock market fall that started last week. Photo: Hege Winther Lindseth She explains that whether you should sell or buy now depends on which strategy you have chosen. – Don’t sell yourself out now, is my first and foremost advice. But if you have a short-term investment strategy, it might be a good idea to sell out. Lindseth is then targeting savers with short-term investments in shares, who want the money out as early as next year. She says that this applies especially to those who do not have sufficient finances to lose what they have invested. 3. Should I invest? – If you have a long-term savings strategy, I would say that now is a buying opportunity, says Lindseth. If there is one thing she has learned since she found out that the savings do not grow on their own in an account, it is precisely to invest. Photo: Sindre Winther Johnsen – As long as you have money to spare that can stand in the market for five years plus, you should buy, says Lindseth. She herself wants to wait a few more days before she buys and invests in new shares and funds – the hope is that the stock market will fall a little, so that she can shop even cheaper. – The share market fluctuates up and down, so have that strategy at the bottom and follow it. 4. What happens next? Both Lindseth and Bruce highlight covid as an example of what can happen when there is unrest in the market. The pandemic caused the index that measures fear in the stock market to skyrocket, which in turn resulted in many selling out. – What we learned when covid hit us is that many lose if you are paralyzed by fear and sell out, says Bruce. Over the years, we have experienced crashes, financial crises, economic downturns and occasionally deep falls on Norwegian and international indices. History has repeatedly shown that periods of decline are temporary, and that the stock market gives good returns in the longer term. On Monday morning, the main index on the Oslo Stock Exchange was in free fall for the first time after opening. It continued to decline before eventually seeming to stabilize. The development was the same on the other Nordic exchanges and on the most important exchanges in Europe. Published 05/08/2024, at 08.55 Updated 06.08.2024, at 09.03
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Stock markets in Asia in free fall – the Norwegian krone weakens – news Norway – Overview of news from different parts of the country
