Hi, I'm curious as to what Ozbargain investors are doing. Are you buying now or waiting?
Do you think end of JobKeeper will even make a difference to share prices?
And what companies are you researching/watching to buy now or later?
Thank you :)
Buying shares: Are you buying now or waiting to see what happens when JobKeeper finishes in a couple of months?
Lredhedd2020 on 12/07/2020 - 13:45
Comments
never late at the crypto party, VeChain is king
M8 ive gone wild on every crypto wave, hang ten bruh
I sold up about 90% of my portfolio a few weeks ago, mainly because I was substantially up and was learning how much I really don't know about the markets. In other words, I was just lucky - I could have easily lost a lot of it too.
I'll hop back in when I'm more knowledgeable about protecting my downside.
Stop losses.
Normally fine, but volatility so high lately that even 10% stop losses get taken out regularly from bounces before the stop loss has been moved higher than the original purchase price.
Bought some in early March (so missed the bottom)
Bought more in late April (so still missed the bottom)Decided from now I'm gonna DCA into the market each week coz its so uncertain. If it does fall significantly again I'll deploy all my remaining money set aside for investing which wasn't already DCA in.
Long term aiming for 80% in ETFs/LICs and the rest in my vain attempt at stock picking but currently it is closer to the other way around and have been slowly unwinding some of my individual company positions.
Given worsening cases all round the world isn't really having much of a dent any more, I don't think we're going to revisit March lows from an all market perspective. Obviously mileage will vary on individual companies.
My larger winners lately: Z1P, ADT, NIC
My larger losers: WEB, HLO, BPT (did really well on one parcel of WEB but I bought a second at a poor price so overall am down on it)You are largely right +1.
But I wouldn't take your stock tips.
I wouldn't take mine either haha.
My ETFs are doing better than my stock picks which I think just shows why I should be majority ETFs.
Most fund managers perform worse than the index that is why Warren says to just by the S&P500
Asking for free stock tips. Hard to tell between the good ones vs the bad ones. Plus the info is out of date.
If I was really good at tipping I would first make a tonne. If not I'd be publishing stock tipping new letters. It is the same question you should be asking real estate investment courses.
The excitement of getting a massive return or a one hit wonder is indeed tempting but law of probabilities is your one hit wonder would probably be negated by losses on other purchases.
Unless your job is to watch the markets or make money in the markets I suggest you farm it out to the experts. Find a good ETF / listed investment company. Given the current COVID situation health care ETF isn't a bad long term bet, people definitely will get sick and will die. Inescapable fact.
Once the market tanked bought more, going to continue buying when possible.
Market bounces back 100% of the time
I guess that depends whether you've got any better opportunities with the money, as you could be tied up for years waiting for this with no to little dividends. Also individual stocks might not bounce back.
Also, dont invest in dumpy small businesses that will or have already gone under
APT going $100
was $8+ in March
APT - Missed the boat on that one! Have a feeling there will be a lot of losers when it crashes!
Outside my regular investments into a couple of different funds I purchased more shares during the dip in March/April.
I can't believe the Aus and US markets have recovered so much since then. Right now I'm not selling anything and will continue my automatic investments.
SWF has netted me some very nice gains, I regret not investing more when it was very cheap a couple of years ago (there's a tip for you noobs out there), would have added a decent chunk of cash to a house deposit.
Automatic investments means that you have setup some sort of account to do it or simply that you invest an amount each month through something like selfwealth or CommSec, etc?
CheersFunds like Raiz where I transfer money weekly into.
ah right ! cheers
Since 01 Mar I've bought NAB, Brickworks & CBA on market and also NAB, Westpac, Cochlear & Flightcentre in their capital raisings.
Were they sensible buys?
I think COH, CBA & BKW were.
NAB & WBC should be OK over 5 years.
Flight Centre - I don't know. I made a 500% return (which I liquidated) on the buys I made during the GFC so I'm still in front.Flight Centre would have been a gutsy move in both cases, what was your reasoning behind the purchases? That it had fallen much further than the company's value?
In 2008 I'd owned it a few years already and knew how volatile it was and doubled down every time it dropped significantly. My logic was that there was no viable alternative to air travel and the only barrier to travel was money. I'd just been retrenched from an airline and everyone I knew (in Australia) was travelling overseas. So I caught the falling knife from $25 (I had ~500 shares). Bought (something like) $10k at $19; $10k at $14; $10k at $11; $10k at $7.50 and $15k @ $5 (and was crapping pants at that point). The only logic was that I had no idea and felt it couldn't get worse.
Since then I've taken profit sold back down to 1000 units. The capital raising was only worth $6k to me so I've got $10k capital tied up and around $1500 in profit. This time around I think the outcome will be quite different. The alternatives to business travel are much more mature and leisure travel will be in the toilet for many years.
I'll be honest and say that a lot of my investing is "gut feel" rather than outright numbers and the outcome isn't always great but I've done well out of the share market overall. It's my personal equivalent of a night at the casino.
Not financial advice - but I’m waiting
I feel there will be some more pain - the gains since the initial drop seem to be purely driven by fresh market capital rather than underlying drivers or expectations of future good performance - to me, Something has to give
My gut: Market surely will go down later this year.
Maths: Buy a small amount every month for the rest of your life with no emotional input. Profit.
I'm waiting - I bought in the crash late march and did well - some have come back a bit since then - but pretty much each month since then there has been a pull back that has made the news - usually close to 5% and goes for about 3 days. We haven't had the July one yet - so I'm waiting for that. I don't think it will get back to those lows in late March but buying after these big monthly sell offs is a little safer.
You're latr to the party. Folks brought months ago.