% loss in portfolio?

[Nicks]

I have given back over $500k over 4 weeks

I'm going back on holiday!

YT long time no see.

I've done similar, mostly on solid blue chips funnily enough so expecting a strong rebound as at these prices and dividend yield its not sustainable.

 

[Kimosabi]

The only thing I hold is ASX:GOLD and thats been going up...

 

[krisbarry]

I went to Sizzler last nite!!! What a tip! -39% will only get you the salad bar, wait til you're -34% if you want steak or chicken!

lol, Wow I forgot about Sizzler, as it doesn't exsist in Adelaide anymore, it went bust many years ago.

Last I heard someone in Queensland got busted for pouring rat posion over the salad bar. That might be something to think about while you are tossing your next Sizzler salad

 

[vicb]

I have had a goood run but a shocker in the last week or so.
Started selling up a fortnight ago but still was not out early enough to escape the fall.
Made the tough move and have now sold out of most positions.
Will be sitting on the sideline and watching for a move back in, I think it could get a lot uglier yet, we may see some recovery in the short term but it is looking like the bull is turning into a bear.
I can not see any reason to get back in yet.
It may come to a "cash is king" situtaion.

 

[krisbarry]

Well I am down $4,000 in my super. I missed the first part of the correction due to changing super funds (320 point fall) and entered the market @ 6107 - ASX 300. I am very happy with my loss, consdering it could have been about double this.

Personal shares down about $1,500

So my loss is contained to about $5,500.

Have not sold my shares, nor converted super to cash, so in reals terms I am not sitting on any losses, except on paper.

The correction we had to have is now officially OVER, so happy buying and looking for a new high by years end

 

[theasxgorilla]

Have not sold my shares, nor converted super to cash, so in reals terms I am not sitting on any losses, except on paper.

Does this also imply that in real terms you could never actually afford a house? Since all the gains you have/had were only on paper? :

 

[justjohn]

Down 12% over the last week or so not worried though as these things happen and its the risk you take ,bought some cheap ZFX PBL BNB today :

 

[misterS]

About 40% off the recent peak, but going back to the start, about 18mths ago, a smidge better than even.

Re the idea to sell to get loss and buy back - I read somewhere tax office frowns on this if done for the tax loss and can disallow it - cor, imagine that on top of everything else!

Of course, if you don't do it same day you risk bounce (ha! this week?) so better to see what other crunched shares you might prefer to ride back up (if the recovery ever comes) and sell one share and buy another on the same day for the truthful reason that you see it as a better investment decision - not to generate a tax loss.

This smash has probably made you reflect on which kind of share will recover first/best anyway and would be a genuine reason to sell loss-makers and buy different ones. i am thinking of doing a bit of that after reflecting on what qualities my portfolio currently has compared to what I now wish it had...

It may take a while before the singed fingers of the burnt reach for the buy button to drive up the price of some of my current more speculative non-revenue earners.

 

[Captain_Chaza]

Does this also imply that in real terms you could never actually afford a house? Since all the gains you have/had were only on paper? :

You are losing what ever % it was "OFF THE TOP"
At that stage it was "YOUR MONEY!"
As it is still your money NOW

Money does not devalue
It simply changes hands!

Salute and Gods' speed

 

[dhukka]

Well I am down $4,000 in my super. I missed the first part of the correction due to changing super funds (320 point fall) and entered the market @ 6107 - ASX 300. I am very happy with my loss, consdering it could have been about double this.

Personal shares down about $1,500

So my loss is contained to about $5,500.

Have not sold my shares, nor converted super to cash, so in reals terms I am not sitting on any losses, except on paper.

The correction we had to have is now officially OVER, so happy buying and looking for a new high by years end;)

I must of missed the official announcement. Anyway what a relief, thank god it's over..... hey was that a pig flying backward past my window?

 

[mime]

I reckon im down about 60-80%. MTN and CUL made up pretty much most of my portfolio and they have taken a pounding up the rear sideways!
I didnt have a huge portfolio, about $12k at the most as im only 19. This is a real pain in the **** as i work 25 hours a week for that money and im a full time uni student. I was hoping to use that money on a house deposit when im 23 or so. But I do see an upside, if people have less money and loans are not handed out so easily, then hopefully housing will become at least $12k cheaper and i end up even. Possible I can save that much again over the next 6 months and pick up some bargains.
This is definately a good learning experience and been a rush, but it is not priceless lol.

Hey keep fighting. if you think about it the $12k is only very small amount of money in comparsion to what you will earn once you finish uni. I'm in a simliar boat to you but I was lucky. I sold out of MBL and bought CTX before the major drop so I'm down around 13%.

 

[Boyou]

Down about 18% since the correction started.Only thing that is lifting my average is my Gold shares.

But what's worse is benwex has pinched my avatar!(had it since it was a pup!)

Bwaaaaaaaaah!

 

[tech/a]

8.7%-10.5% from portfolio/s peaks.
Now watching with great interest---sleeping well.
Looking for opportunity--not far off in my view.

This will however be prolonged and doubt if we see new highs for a long long time.

 

[bean]

Being 100% in cash does that mean I am 30% plus in front???

 

[REA]

Interesting times, I have lost about 27% of my capital fortunately I had held most of my shares for 6 months or so, so I have not lost my original capital which by the way was only 20k. I invest only small amounts so my capital was widely distributed. Its obvious that knowing when to sell is the go, I sat and watched the market flounder for weeks and did not pull the pin. Need to be a good decision maker.

As a baby boomer I have to feel for those people who borrowed to put money into their superannuation or who sold real estate to invest before the 30th June. What bad advice. Will the real estate go up? I have been an agent for 23 years and previously the R/E market has boomed after a crash although conditions this time slightly different. Keep in mind after the 1987crash the interest rates where a lot higher than now and it did not stop the Real Estate. High inflation in the past has been very benificial to those with good jobs.

 

[brilliantmichael]

I'm a full time uni student too, and I put all my life savings into one stock. When I bought in 'bout a month ago, it was trading at what was then an already ridiculously low price to NTA ratio, AND it was and still is expected to make a cash profit. So I bought in. And guess what - the margin lenders covering their positions drive it down a further 50%! I could have bought TWICE as much for the same money. There's "foresight" for you - it doesn't exist. All you can do is buy in when you have a CONSIDERABLE margin of safety. Whether the stock falls to 0.001 or not can't have any real impact on your decision of when to buy, since this is just as unfeasable as predicting a market bottom for any INDIVIDUAL issue.

So despite taking a paper loss of 50%, all I can do now is ride it out and wait for it to bounce back. In the meantime, all I can do is save up the dough from part-time work and see whether the low prices persist long enough for me to jump back in...

I'm hoping to get a higher-paying part-time job soon - Wish I had access to a personal loan - not likely at the moment considering I'm still a casual worker.

 

[Gar]

some painfull losses in this thread , im down around 20% and the worst part is I was short on the aussie 200 this morning and was stop out by 2 pips during a early morning spike

to those still in a long position or two (like me) I salute you and I drink to your health :alcohol:

*edit* but hey... this is all good experience and education so dont let it get to you too much my friends

 

[nioka]

- Wish I had access to a personal loan - not likely at the moment considering I'm still a casual worker.

NEVER think about a personal loan as a source of finance for this type of thing. In fact dodge personal loans all together. Have patience, you will get plenty of chances.

 

[numbercruncher]

NEVER think about a personal loan as a source of finance for this type of thing. In fact dodge personal loans all together. Have patience, you will get plenty of chances.

I second that as some of the best advice you'll get.


The greedy become the needy!

 

[nizar]

I have given back over $500k over 4 weeks

I'm going back on holiday!

LOL but thats only about 1% ! :

Looks like we will have to put that Enzo on hold for a while ey champ

Your gonna be one of the great ones YT.