Great day to deploy capital :-)

[Bill M]

I just sent some $$$$$$$$ to my super account and will be deploying this week. Luckily I went to 100% cash in my other super account which is fully managed, that was more luck rather than tea leaf reading.

 

[robusta]

I just sent some $$$$$$$$ to my super account and will be deploying this week. Luckily I went to 100% cash in my other super account which is fully managed, that was more luck rather than tea leaf reading.

I admire your control Bill M, I know the market will often offer up good prices in the future but often have trouble keeping the spare cash on hand to take advantage.

 

[Nortorious]

Whilst I'm many years from a self funded retiree (only 28 y.o.), I would personally be holding off on deploying any fresh capital in the market from a technical standpoint.

You can see below that the XAO is below its 30 week weighted moving average (bearish indicator) and that the latest high was a lower high from the previous. My thinking is this is headed lower and if it falls through 5121 it could be going even lower in the short term...

Interesting times.... Whilst the stocks I'm in haven't started pointing down as yet, I have tightened the stop losses on them all to brace for the worst. Not expecting the worst but strange things happen in the financial markets.

 

[robusta]

I see your point from a technical perspective Notorious. From my perspective as a long term investor these are often exactly the type of pullbacks I like to buy into. The markets seem to often take three steps forward then two steps back seems logical to me to try to buy on the two steps back and wait...

 

[Julia]

Whilst I'm many years from a self funded retiree (only 28 y.o.), I would personally be holding off on deploying any fresh capital in the market from a technical standpoint.

We have one significantly down day and people are piling into stocks.
There is no indication that commodity prices are about to turn around or the dollar reverse its downtrend so little reason to expect the XAO to turn up at this stage.

Might be useful to look at the point at which people gleefully bought into MND some while ago. The XAO today is down about 2%. MND is down a further 7.47% further confirming a strong downtrend.

 

[Bill M]

I see your point from a technical perspective Notorious. From my perspective as a long term investor these are often exactly the type of pullbacks I like to buy into. The markets seem to often take three steps forward then two steps back seems logical to me to try to buy on the two steps back and wait...

The same here. My super fund is there for me until the day I die, so everything I put in there is for the rest of my life and I have no intention of pulling out lump sums. My plan has been the same for many years now and that is to put the $$ to work for me. So that leaves me to invest in cash, stocks, fixed interest, LIC's or EFT's. As the return on cash is so low I intend to drip feed more funds into solid companies or ETF's that pay good dividends and I do this only during pullbacks or corrections.

I have a great deal of patience and I have no need for the capital that I deploy into my super account. It is there to pay me a private pension for the rest of my life. Capital gains are a bonus but a reliable dividend stream is more important to me.

I am cautious and take my time, I don't know where "bottom" is but I do know where the support and resistance lines are and with ETF's coming into up to their end of quarter distributions I am watching very closely. Nothing makes me more happier that when I buy an ETF at a good price and pick up a distribution at the same time.

Sure, we have only just taken out the 5212 support line, the next line is 5120 and it could go lower but I am prepared to take a small risk and pick up a quick distribution and a life long income as well. This weeks deployment will be into a high yield ETF that is managed very well and will be paying approximately 7% in distributions.

 

[Logique]

I'm also looking for opportunities in broader markets at present, I don't see anything compelling on the Australian scene.

At present I'm leaning towards international property and international shares, in that order.

 

[burglar]

I'm also looking for opportunities in broader markets at present, I don't see anything compelling on the Australian scene.

At present I'm leaning towards international property and international shares, in that order.

I was just compelled to throw some capital at AXE: Archer Res.

 

[Julia]

Can you say what provoked this compulsion, burglar?

In a downtrend
Last year av shareholder return -22.8%
No dividend

Hard to see the attraction but you must have some good reason for buying it. I see there was a presentation on 1 December which I don't have the interest to read in its 15 pages. Some uber positive announcement there?

 

[burglar]

Can you say what provoked this compulsion, burglar?

In a downtrend
Last year av shareholder return -22.8%
No dividend

Hard to see the attraction but you must have some good reason for buying it. I see there was a presentation on 1 December which I don't have the interest to read in its 15 pages. Some uber positive announcement there?

Potential Capital Gain, Julia!






*Capital Gain on my Previous Trades:

Archer Exp AXE 23/02/2011 $282.10
Archer Exp AXE 06/02/2012 $709.16
Archer Exp AXE 06/11/2012 $426.79
Archer Exp AXE 18/09/2013 $476.99
Archer Exp AXE 20/11/2013 $1,014.02
Archer Exp AXE 22/11/2013 $654.05
Archer Exp AXE 10/09/2014 $691.26

 

[Julia]

I'm also looking for opportunities in broader markets at present, I don't see anything compelling on the Australian scene.

At present I'm leaning towards international property and international shares, in that order.

In what form, Logique? Direct or via a fund?

I'm presently looking at local commercial property. A large new medical precinct is about half built, large private hospital, nursing home, oncology centre, 20-suite medical offices.

All this first part of the development is sold and leased, returning net 8%. Genuine good potential for capital gain. No tax if bought in SMSF.

A further 30 suite building started which will be similar.
Growing population, bias to retirees, so huge need for quality private medical services.
The sort of tenants that are unlikely to present the sort of problems that often occur in residential tenancies.

 

[Logique]

Julia,
a combination of superannuation elections and managed funds.

But I must say your direct property net 8% with potential for capital growth, sounds solid. Against that the single asset risk/management risk, and the AUD at USD 0.84

Global property funds tend to be listed property securities, which worry me by risk profile, but a range of credible fund managers have been achieving consistent returns.

 

[Julia]

But I must say your direct property net 8% with potential for capital growth, sounds solid. Against that the single asset risk/management risk, and the AUD at USD 0.84
.

The other consideration for me is that the return is little different from high yield stocks which don't have any occupancy considerations, potential body corporate squabbles, and are immediately liquid.
I'll get my lawyer to look at it carefully before going any further.

 

[kid hustlr]

Any interest from the buy and hold investors should we open down 100 points on Monday?

My investment and savings journey is in effect a combination of:

This Thread

and

This Thread

With the market looking a fraction heavy of late I wonder if there are any bargain hunters around or are we expecting a little more pain and everyone is sitting on their hands for now?

I've created this nifty little dot chart to show my ETF purchases (complete buy and hold portfolio) since my journey began. I use this as part of a long term investment budget to ensure that I am consistently meeting benchmarks. In effect, various factors come into play including savings rate, market performance and my trading performance which will impact shorter term capital allocation decisions. So long as I meet my longer term benchmarks I'm on track!

It's been pretty quiet of late but it might be time to turn the dot machine back on!



NB:

I aim for a 50/50 split between Aussie and Overseas (largely USA) shares in my ETF portfolio.

 

[tinhat]

I bought a small parcel of Bluescope Steel (BSL) today. It is one of Lincoln Indicators stock picks and I've been waiting for an entry. I will add more to the position if further value opens up in the share price or I get a signal that upward momentum returns. No debt, underlying strength in the outlook for the industry, although if the macroeconomic environment takes a dip for the worst reward may be require patience.

Please share any other picks for the current pull-back. I don't get the time to review the market very much these days but will certainly be thinking about it this weekend. Like many here I think there may be opportunities opening up. It started with reporting season, shares in decent companies got dumped on any hint of disappointment. Obviously the US monetary situation is seeing money flow back to the US and out of emerging and emerging exposed (commodity based) bourses such as the ASX. Which leaves the little battlers such as me with an opportunity to pick up some value on a depreciated AUD. Other stocks I bought post reporting season are CL1, IRI, SDA and I extended my position on HZN. Lucky for me TPG spiked on take-over news and that allowed me to liquidate a fair whack into cash to deploy elsewhere.

 

[explod]

I purchased 4 kilos of pre 46 coins today, forgot about everything else but I'm getting old of course. My dealer was inundated, lol, others follow markets also.

Party mode could be bad though, too happy, too induced, sucked in, drunk or lost virginity (don't tell Dad) and/or the plot.

So do not follow me

 

[tinhat]

I purchased 4 kilos of pre 46 coins today, forgot about everything else but I'm getting old of course. My dealer was inundated, lol, others follow markets also.

Party mode could be bad though, too happy, too induced, sucked in, drunk or lost virginity (don't tell Dad) and/or the plot.

So do not follow me

Coke?

 

[tinhat]

What a great day to be buying shares! I bought BSL and NAB soon after the open.

 

[Knobby22]

Braver than me.

 

[tinhat]

Just bought some more NAB. No more money to deploy!