How much have you made since the low in March?

[Pallen]

Hi guys,

Just curious to see how we have all faired since the markets bottom and what we expect in the coming months?

Personally, Im starting to get the feeling things are being driven by a whole heap of nothing. I've enjoyed the past 5 months but like many still feel the scars of the the last 18 months.

Im not one to be greedy, and slowly but surely Im eeking my way out of the market, sticking it back into term deposits and property.

I've had a healthy return of around 60% over the last 5 months and Im happy with that. Obviously it's a bull market, but why?

Stockpiles are still stocked, forward sales are low and inflation is set to return. It's term deposits, property and gold for me for while.

Good luck all holders.

 

[tasmanian]

Re: How much have you made since the Markets low in March

Fear and greed runs the sharemarket.

 

[Pallen]

Re: How much have you made since the Markets low in March

Fear and greed runs the sharemarket.

Indeed it does, but the highs of the mining boom were driven by that, a boom.

What's behind a 50% rise since the dip?

Just dont know if it can keep this break neck speed up, maybe it will level off, who knows?

For me, I'll take most of my profits, play a few speccies and watch for a while. Maybe I'll lose out a little, just curious how the rest of you are feeling?

 

[tasmanian]

Re: How much have you made since the Markets low in March

The rise lately is maybe the fear ran too far maybe everything wasnt as bad as it seemed.

Better earnings than expected in the USA is pushing it along lately.It will probaly got alot higher yet.We are still way down from old highs even though we have had a big rally the last few months.

But noone knows for sure.Everyones been thinking a top for the last couple of weeks no reason it cant go up another 20%+ in the next month or 2.Watch how the greed comes back into the market.There will be a decent sell off sooner or later .If your long atm dont be too greedy but I cant see any reason to be selling just yet.

The market doesnt really need a reason its one weird creature.I found theres no real use trying to work out why or whats happening.If theres an uptrend get on.If theres a dwowtrend short it.

 

[tech/a]

Re: How much have you made since the Markets low in March

I've had a healthy return of around 60% over the last 5 months and Im happy with that.

On a $20k account thats a great effort.
If your nett worths a few million then its bugger all.
On your total nett worth thats amazing.

How much have you made since the Markets low in March

Relative to ????

 

[dutchie]

Re: How much have you made since the Markets low in March

On a $20k account thats a great effort.
If your nett worths a few million then its bugger all.
On your total nett worth thats amazing.



Relative to ????

60% of a few million = bugger all ????? (i'll have half)

 

[N1Spec]

Re: How much have you made since the Markets low in March

60% of a few million = bugger all ????? (i'll have half)

i think tech meant if you got a few million and your trading capital is only $20k then 60% of $20k is bugger all.

 

[Timmy]

Re: How much have you made since the Markets low in March

i think tech meant if you got a few million and your trading capital is only $20k then 60% of $20k is bugger all.

That's how I understood it too.

 

[Beej]

Re: How much have you made since the Markets low in March

What's behind a 50% rise since the dip?

Actually the XAO is about 40% off it's low, but anyway......

What we are seeing IMO is a resetting of the level of risk on future earnings for most listed companies - at the low, there was a lot of fear and a very real risk (or least a very real perception) that things could turn very sour with multiple companies going bankrupt, banks failing, severe global depression etc - at least that's what was being priced in. The market is now coming back to a level in line with current earnings, and is assessing that the downside risk to those earnings being at least maintained have been significantly reduced.

As for how much has been made? Well I do not actively trade at the moment but do have a long term ASX based SMA. That share portfolio is up about 55% since the low (and that's on significantly more than $20k ). The portfolio value is also a lot higher than it was last year at the same index level on the way down, partly due to the continued solid dividend stream that got re-invested along the way, plus discounted rights issues etc lowering the cost base on many holdings significantly. The money in this investment went in over a 2 year period ending a couple of years back, and over-all it is now back in the black, after having taken a "paper" bath on the way down .

It has been a bumpy ride; my main satisfaction right now comes from fighting my fear/instincts to sell out near the lows to try save the cash I had left in there! Plus getting some new money in at low prices through portfolio pruning and divi re-investment, plus participation in discounted rights issues etc.

Having said all that, IMO things could well deteriorate again - who knows? But, what this rally does prove to me is that my conviction that things will always come good again still holds true, and I only lose if I sell (apart from portfolio pruning/management). In the meantime I'll keep letting those dividends flow in and get re-invested, but still keep spare cash on the sidelines for now or direct it into other area's until the economic outlook is more certain.

Cheers,

Beej

 

[dutchie]

Re: How much have you made since the Markets low in March

i think tech meant if you got a few million and your trading capital is only $20k then 60% of $20k is bugger all.

My apologies to tech/a if thats it.

 

[tech/a]

That was it.

Dont you love Stats.
50% fall and now a 50% rise.
Relative to??
Really the rise is 10% relative to the fall.
Not that inspiring really!

Yet people are missing amazing opportunity where stocks have fallen
50% or more but are rising 100s of % in short periods of time relative
to their price.
Just take MGX as an example
$3.50 last June down to 16c in november -95%
from 16c to $1.18 now + 737%
There are many many more.

Opportunity abounds!

 

[Pallen]

Guys, sorry about my OP, I have failed to mention I only starting investing in the stockmarket in late January when I thought the market was overselling some quality companies.

Relative to what? Well ROI I guess. I plonked in about 50k, so Im happy with how I've done so far.

I still cant believe Flight centre got as low as $3.50.

As above, I bought into quality stocks who were oversold based on fear and fear alone, checked the fundamentals and went from there.

 

[nunthewiser]

a gigAzillion bucks

 

[grace]

a gigAzillion bucks

Yes, but we all know Nuns are not allowed to keep it!

 

[Mad Mel]

From another beginner's perspective... since I only started investing in January / February, I've done ok, especially considering some stupid missed opportunities. Timing is everything, and if I started investing in a bear market or a more even market, I have no doubt that I'd be in a minus situation. The last six months have been a forgiving time to learn the ropes.

In my opinion, a trader or investor doesn't have to be particularly good to show a decent return if they started Q1 2009 (such as myself). The people who weathered the last half of '08 and are doing well today are the ones who should be proud of their accomplishment. They're probably also the traders who will eventually pillage the nouveau investors who started up in the last six months, and now think that yanking money from the market is easy.

Oh yeah, and I haven't made a dime yet. Money is still in the market, and therefore completely at risk.

 

[nunthewiser]

Oh yeah, and I haven't made a dime yet. Money is still in the market, and therefore completely at risk.

hey ........... well done on that quote

the usual quotes are " its not a loss until you sell " etc etc ......

 

[nunthewiser]

Yes, but we all know Nuns are not allowed to keep it!

: yes lately i have given a little back on a daily basis :

 

[skyQuake]

The local busker must be busking in luxury now!

 

[ROE]

I haven't made any money cos I haven't sold any
I just accumulate like mad since late last year and still do

but my dividend going to be a real cracker this year and many years from now

 

[gav]

a gigAzillion bucks

Using the Vatican's trading account?