GFC or GFO?

[Solly]

Is this really a Global Financial Crisis or a Global Financial Opportunity for the smarter and the daring ?

What are your thoughts ?

Are you one of the smarter and daring ?

If you are, what actions are you doing ?

 

[Gordon Gekko]

GFO!!

I'm smart enough to know I will never no everything.

But lucky enough to have sold out of 9 managed funds in Aug 07. Schooled up for a year and then started averaging in since. If anything maybe started back in a little early. Now I'm set for the next ride up even if it takes many months.
Continue to buy everytwo weeks into index funds.

"It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another."

Best
G

 

[prawn_86]

I have no idea if im right or wrong, but at the moment i am slowly buying shares whenever i have free cash.

Im still heavily weighted towards shares, but I am young so have a long term outlook. Currently buying stocks for 10+ yr holds aiming for yeild.

 

[nunthewiser]

New Kids On The Block cancel Aussie tour
Reformed '90s boy band New Kids On The Block have cancelled their upcoming Australian tour, blaming the global financial crisis

thank gawd for the GFC i say!

 

[moXJO]

thank gawd for the GFC i say!

Australia dodges another bullet, we really are the lucky country.

 

[Sir Osisofliver]

Solly it is of course the

GF Oh Baby!

This is once in a generational thing.

Currently I'm about 85% invested in my long term buy and hold portfolio which make up about 80% of my share market investment funds. (The remainder is waiting for our market to have a corrective pattern or used for trading purposes.

Currently I'm having fun writing puts across the portfolio in the last couple of days (because I think the negativity we have seen will a) lead us down to around the 3400 points or b) form a triple top at 4105 before going down to the 3400 level), and I want to make some dough in the interum. When we hit 3400 ish this will be the last gasp to invest at these levels again and positively gear portfolio's before we hit 5100 points. My expectation is that we will then see some consolidative movements over the next two to three years in consolidative patterns as either double or triple tops, with some ongoing potential for corrective patterns towards 4500, before we reach the old highs in our market between four to seven years away.


But opportunity or disaster is totally a matter of perception. I took a phone call from my brother-in-law the other day complaining that he has a large tax bill for '07-'08 caused by CGT in PES, SHG and QGC and he had no losses in other areas of his portfolio to offset. Sheesh So here's a guy complaining that he made a lot of money in one of the worst performing markets in 20 years and he couldn't see the problem with that. (I told him to fix his problem with a large donation to charity and think about what he was complaining about).

Someone's disaster is someone else's fortune.

Cheers

Sir O

 

[Boggo]

Solly it is of course the

GF Oh Baby!

This is once in a generational thing.

Cheers

Sir O

Agree entirely, last 3 months have been spectacular

Boggo

 

[Kez180]

Solly it is of course the

Currently I'm having fun writing puts across the portfolio in the last couple of days

Sir O

Why would you be selling puts if you think the market is going to drop??

I might have missed something

 

[Sir Osisofliver]

No Kez you didn't miss anything, I am of course buying puts not selling them, sometimes my brain doesn't keep up with my typing. Put it down to premature senile dementia.


Cheers

Sir O