AFF Member Stock Discussion

Conditional approval on the line of credit. Should have the cash in a few weeks time ... lets see what the world looks like then.
 
Made the call about 3 weeks ago that it's time to get out of cash and into shares. Paperwork almost done and cutting over soon, timing seems to have worked out.

Currently 95/5 and salty about the 5% exposed to shares. Can't imagine how I'd feel if the opposite, even though decades till retirement.
 
exceladdict said:
Made the call about 3 weeks ago that it's time to get out of cash and into shares. Paperwork almost done and cutting over soon, timing seems to have worked out.

Currently 95/5 and salty about the 5% exposed to shares. Can't imagine how I'd feel if the opposite, even though decades till retirement.
Click to expand...

If you're salty about 5% being exposed to shares in a crash then maybe the stock market isn't for you to begin with.. ;)
 
Will get a bump when US Government announces stimulus, then down again as testing ramps up. NY just announced 5000 tests per day.
 
I would not be buying anything at the moment. The market will probably end up around 4,000 or a bit lower.

Waiting for MQG to hopefully drop to around $60 before buying back in. CBA somewhere around $35. At the same time I think Coles is getting closer to being a buy.
 
The problem with the market at 4000 is that business will be in so much trouble that a domino effect may plunge us into financial collapse.
In the same way that hospitals and toilet paper manufacturers are geared for a fairly fixed level of activity , business finance is also predicated upon value of fixed assets and the cost and serviceability of debt.
I suggest that there will be some very dire corporate news in the near future.
I am nibbling at the banks (guaranteed survival) , but would urge caution for any recent bright shiny baubles...
One problem with buying banks is estimating the quantum of any real estate value collapse overlain with loan defaults from the virus pandemic.
The market has not fallen for the fun of it…..
 
Mogul said:
I would not be buying anything at the moment. The market will probably end up around 4,000 or a bit lower.

Waiting for MQG to hopefully drop to around $60 before buying back in. CBA somewhere around $35. At the same time I think Coles is getting closer to being a buy.
Click to expand...

If the numbers are to be believed, it looks like China and South Korea have peaked. With Italy's actions, their numbers will stabilise in the next week or so. There's only been bad news this week. At some point, there will be some good news to stabilise the situation.

At $60, that's MQG falling 60% from the highs. I dont know if that's realistic unless there's a bunch of bankruptcies in the US oil producers.

I'm not waiting to time the bottom. Been investing slowly in the last week or two and will continue to do so if it continues going down.
 
Bought some GEAR at $12-flat this morning. Closed just under $16.

Sadly just made up for a few other purchases on days prior.

Big rebound for all the airlines and travel agents late in the day as well
 
Blast, set up an account as per above but have to wait a few days, so missed the cba shares.
Pity dad didn't buy more csl back in the day, sigh.
 

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