This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Looking at Buying

Jump to new

Garpal Gumnut

Ross Island Hotel
Joined
2 January 2006
Posts
13,680
Reactions
10,259
I have decided to loosen the purse strings on my cash and will be buying on the ASX next week. Not necessarily Monday, but definitely not Friday.

There is so much negativity about. People selling quality shares at less than 2/3 of the price they paid just a few weeks ago.

"The where is the Price of Gold Heading" thread resembles the FMG thread it is so off topic. All is gloom.

MEmbers are talking about nuclear warheads hitting my Gold bar, and battalions and whatnot picking up the flakes. Arguing over gigahertz or whatever Knuckler Arms are measured in, Radiation and Preppers, Metal cases and Nut cases, it is all there.

Madness abounds, and Fear is all about.

Time to buy.

gg
 
I agree with you @Garpal Gumnut that it is almost time to start buying. I put about 8 or 9 percent of cash into the market last week, and plan to spend a little more this coming week, especially if we see another drop.

The time to buy is when everyone else is afraid and panicking!

I've seen the Fear & Greed index a lot lower than this, but no one really knows where the market is going. A little bit at a time suits me.


KH
 

I have a list ready to pounce on. Starting with some ETFs over the next month or so. I’m in no rush, there still could be a waterfall, but there‘s potentially a very good long term opportunity coming up.
 
Last edited:
correct.
Garpal Gumnut said:
Time to buy.
Click to expand...

Esteemed Mr Garnut, this may help although I believe you are the retiring type and have a shortened view of the long-term, but...

Here is what I tell people in an environment like this: Focus on your JOB. Go to work, make money, save a bit, dollar cost average for the next 10 years, and things will work out in the long run.
Also, pay down your mortgage. This reduces your risk and gives you more exposure to an asset class that should theoretically do well in an inflationary environment.
You can take risks, as long as you understand they may not pay off for a period of years.

Maybe a few of the more excitable younger set could take it on board.
 
Personally I can’t see any reason to think the market will stop falling
Interest rates increasing
Inflation
Energy crisis

Doom and gloom
When I see something that’s going to stop that I’ll buy until then I’ll watch the knife catchers in action

To reverse something you need a catalyst
Everyone panicking isn’t a catalyst
 
I take your points tech.

However we live in Australia.

Full employment, Plenty energy, Mr. and Mrs. Shopping Trolley need a lesson in spending on needs and not wants, Governments worldwide are capitulators rather than leaders in raising interest rates via quantitative easing, and will do so if the election heat is sufficient.

My reading of media in the USA and UK over the w/e shows a massive buying spree from foreign entities coming our way over the next few weeks. Many of the stocks which make up the ASX... Materials, Financial, Energy and Consumer staples will not be affected by rising interest rates. The Growth stocks...Some healthcare, Consumer discretionary and IT will be hammered.

gg
 
Full employment but try and hire staff!
Plenty of energy but we need to turn it off to secure supply
Mr and Mrs Shopping trolly can’t afford an Icebug lettuce
Govts world wide have dropped the ball while taking care of COVID—- of most everything that people need domestically .
Growth?
Nah can’t afford it now!

Good luck GG
I’ll watch with interest
I’ll let you know if and when I see a catalyst.
 
no no , i am only called the HERALD of doom , the real problems turn up later

please be careful , i am thinking bouncing felines at the moment

i am going with Captain_Chaz on this one i think this is close to the eye of the storm

good luck
 
Telamelo said:
I still think there's another -5% "big red day" to come on our market's... that's when I'll go shopping lol
Click to expand...
not me , i am thinking a little bargain-hunting , some more tax-loss selling but broadly two trading days of uncertainty , until everyone takes some hints from the US circus

however those agile traders might have enough movement to play with

watch the commodity prices for some hints on what the market sentiment is ( not just gold and oil )
 
Garpal Gumnut said:
Much fear and common sense abounds.

Tell me this.

If the XAO drops 40% and the XJO 45% on Tuesday, will anyone join me at 3.57 pm in putting my orders in for some market darlings?

gg
Click to expand...
if that happens i will be dropping prices like crazy , i am sitting near 20% below the current market ( on selected stocks )

my canary is QBE ( very sensitive to nervousness )
 
waterbottle said:
I'm still waiting for oil to drop substantially. It's what is driving inflation globally. Until then, we're going to continue tightening.
Click to expand...
i agree but won't be holding my breath waiting for it to happen

a wild-card would be stressed oil producers , like Nigeria , Iraq and Libya , substantially increasing production ( not the piddles being suggested by producers already near maximum recommended production ) , Iran , Venezuela , and Syria are liable to send any increases to the East
 
You must log in or register to reply here.

Similar threads

Top of this cycle for ASX 200, cash is king?
3 4 5
Replies
80
Views
16K
kahuna1
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...