Market is crap

[korrupt_1]

stockwhizben, i feel for you... i am in a similar position as you - so you're not alone, but I have no where near as much funds as you have committed. - yikes!!!

i just cant understand why the fundamentals in AU (and Asia) is strong, yet it still dumbly follows the US fallouts... arrgh.... !!

i'm sure i'm not the first to mutter "bloody greedy american banks"

how low do you guys think this could go? Market is down by 11pc since November. Crikey... isn't that enough?!!!

 

[Wilson!]

Just on the whole LVR thing.
I think in this market it's important, as said to play with money you can afford to lose

3 months ago, I plucked $1000 out of my portfolio, basically profit from one trade, just to see what I could do with it on st trading

3 months later, it is now worth just over $11k

Now I wish I could do that with all my funds.
But I guess the point I am trying to make is, this is a volatile market so it can work in our favour if we watch the market movers, try to see the trends emerging, and just throw caution to the wind, with a trading plan in place, and see what happens.

I may apply for a margin loan soon, but wont use it until I see the market bottom out.

Cheers,
Wilson!

 

[tronic72]

Is this guy for real or what? LOL

Hey, Tattslotto is crap because I didn't win last week, or the week before, or last month, or last year... but you don't see me investing ALL money, let alone money that's not even mine, into that risky venture.

Oh, the market is a risk? Geez, and I thought it only went up? LOL

Absolute gold.

I gotta agree. If EVERYONE made money all the time on the stock market no body would sell! The market HAS to decline for it to work.

Just like Tattslotto you have to be in it to have a chance of succeeding. The Market is down but it only recently reached record highs.

If you aren't able to loose all your money then don't trade. Sounds to me like you've been gambling rather than trading or evening investing.

 

[Rainmaker2000]

stockwhizben, it's good you shared your situation cause a lot of Aussies now have margin like mortgages, myself included, my greatest challenge is stopping myself buying too much stock...I've used margin very well so far but it's like a drug for me.......I'm currently about 28% lvr which is where I have pretty much always been......

I think the current market volatility and apparent correction is totally justified and I'm not that bullish on the Aussie index or the Aussie economy as a whole in the next 5 years....not that we are in such a bad spot, we are just going off such a high base..17 years of economic growth, just unprecedented..there are however some outstanding investment now available I think, but for me, they are not in the SP 100 or anything..

Best luck to ya, with the Aussie reporting season next month, market should refocus on strong company earnings

 

[M34N]

I would just like this cleared up; what exactly makes the market "crap"?

• Because you're not winning?
  You're picking the wrong stocks. Look at gold and oil related stocks lately, ie. NCM, LGL, NEM, WPL, STO, OSH, AED.

• Because it's going down lately?
  Over the past 5 years, the market is up 100%. That's on average. Some quality, blue-chip stocks are well above that.

• Are you using CFD's?
  You can short stocks and sell them to make money when the market goes down.

• Are you getting too greedy?
  Sell into the highs if you don't feel confident and re-group. Perhaps this is the best thing you can do now.

Rethink your strategy. If you're investing only into banks and other supposed "safe stocks", you'll be down on average some 10% from your highs if you bought a few months ago (ie. MGQ, NAB, ANZ, BNB). Look at where the growth is in the market at the moment; resources, oil, gold and even some 'safe' health stocks (ie. COH, RMD), and diversify your portfolio into the growth areas without margin lending at risky times!

Again, DYOR as this is just my advice

Best of luck to you, Ben.

 

[wayneL]

I would just like this cleared up; what exactly makes the market "crap"?

• Because you're not winning?
  You're picking the wrong stocks. Look at gold and oil related stocks lately, ie. NCM, LGL, NEM, WPL, STO, OSH, AED.

• Because it's going down lately?
  Over the past 5 years, the market is up 100%. That's on average. Some quality, blue-chip stocks are well above that.

• Are you using CFD's?
  You can short stocks and sell them to make money when the market goes down.

• Are you getting too greedy?
  Sell into the highs if you don't feel confident and re-group. Perhaps this is the best thing you can do now.

Rethink your strategy. If you're investing only into banks and other supposed "safe stocks", you'll be down on average some 10% from your highs if you bought a few months ago (ie. MGQ, NAB, ANZ, BNB). Look at where the growth is in the market at the moment; resources, oil, gold and even some 'safe' health stocks (ie. COH, RMD), and diversify your portfolio into the growth areas without margin lending at risky times!

Again, DYOR as this is just my advice

Best of luck to you, Ben.

Good points. eg Index traders are having a lot of fun lately. It's a great market for day traders. As are gold an oil bugs.

 

[The Red Baron]

Market is crap. I had 600k in with a 450k margin loan. Now ive only got 98k equity. Im finding it goes down then up but not as up as it was and so the highs arent the same highs as previous and slowly the cash gets chipped away.
This was meant to be my house deposit. I only hope houses in melb stop going up and go down a bit as well.

If you really want to protect your captial take a look at Bankwest Telnet saver 7.2%. Should be making around $600 a month interest.

Sure you could get better returns elsewhere but least you wont go backwards.

 

[stockwhizben]

thanks for the advice folks. much appreciated.
i will be re-thinking how i do things. M34N the comment about regrouping certainly rings true. i may need to do that for a while to refresh and take a step back. it is quite tiring having so much on the line (up at 6 to check what the dow did, reading reading reading, weekend fin review, up at night to watch lateline business - quite exhausting). if i had say 100k in the market it could drop a few percent and i wouldnt blink but with this margin it does get pretty stressful.
maybe i should have done what it seems a heap of consumers are doing and get a loan for a BMW/VW golf and monster plasma tv to watch the NBA finals. all on credit cards.
anyway i know ill be rewarded for saving in the long run and with some good stocks. just volatile atm
cheers , Ben

 

[Uncle Festivus]

If you really want to protect your captial take a look at Bankwest Telnet saver 7.2%. Should be making around $600 a month interest.

Sure you could get better returns elsewhere but least you wont go backwards.

I'd stay away from Bankwest - isn't that 'high' interest rate telling us something? The calm before the storm?

 

[ajoz]

Just on the whole LVR thing.
3 months ago, I plucked $1000 out of my portfolio, basically profit from one trade, just to see what I could do with it on st trading

3 months later, it is now worth just over $11k

Do you realize the nature of this return? Lets change the starting figure to $10,000 and repeat your performance over 12 months and you would have had a return of $440,000 or a 4400% return. That's almost half of what Larry Williams did in the traders challenge where he is reported to have turned $10,000 into $1Million.

Well done.

 

[JTLP]

The real reason the market is crap is this:
The Dow gets smashed, we jump on for the slaying.
The Dow has a rise, we just languish in the shadows.

ASX = Worst

 

[dhukka]

The real reason the market is crap is this:
The Dow gets smashed, we jump on for the slaying.
The Dow has a rise, we just languish in the shadows.

ASX = Worst

Boo Hoo, the market isn't doing what I want it too. Why do people expect our market to move in perfect synch with the US market? In addition to your inability to deal with reality we only one need data point to prove that what you say is false and driven more by emotion than facts.

Tuesday US market indices:

Dow down -1.9%
S&P500 down -1.8%
Nasdaq down -2.4%

How much was the XAO down on Wednesday? -0.7%

 

[dhukka]

Year to date:

XAO down -4.1%
DOW down -4.0%
S&P500 down -4.0%
NASDAQ down -6.7%

Our market has performed no worse than the major US averages since the beginning of the year. So how does ASX = worst? Answer: It doesnt

 

[prana]

Do you realize the nature of this return? Lets change the starting figure to $10,000 and repeat your performance over 12 months and you would have had a return of $440,000 or a 4400% return. That's almost half of what Larry Williams did in the traders challenge where he is reported to have turned $10,000 into $1Million.

Well done.

it's actually better than that. Since in 3 months he made 1000% gains, and so compoundingly, in 12 months, it would actually be 14,640x his original gains.

Because, capital is $1000
3 months, worth is $11,000
6 months, assuming same gains, $121,000
9 months, assuming same gains, $1,331,000
1 year, assuming same gains, $14,641,000

lol well done is an understatement.

 

[JTLP]

Year to date:

XAO down -4.1%
DOW down -4.0%
S&P500 down -4.0%
NASDAQ down -6.7%

Our market has performed no worse than the major US averages since the beginning of the year. So how does ASX = worst? Answer: It doesnt

2nd worst? Does that make you happier?

Really just wanted to vent frustrations

Take it easy

 

[>Apocalypto<]

2nd worst? Does that make you happier?

Really just wanted to vent frustrations

Take it easy

Before you make rubbish posts maybe you should think to add joking to end of it, if that's the case!

Hate to say it guy's but markets move in cycles and waves they always have and always will, so get used to it. it's up to you to work out what point the market is at in the current time, then you have to ask yourself is this the right time for me and my trading plan/direction to enter. Blame no one and nothing but yourself.

I can see here is wah wah wah, blame blame blame, the market is not being good to me, it can't be my fault, jeeeezzzzzzz!

This thread = the worst!

 

[chops_a_must]

Before you make rubbish posts maybe you should think to add joking to end of it, if that's the case!

Hate to say it guy's but markets move in cycles and waves they always have and always will, so get used to it. it's up to you to work out what point the market is at in the current time, then you have to ask yourself is this the right time for me and my trading plan/direction to enter. Blame no one and nothing but yourself.

I can see here is wah wah wah, blame blame blame, the market is not being good to me, it can't be my fault, jeeeezzzzzzz!

This thread = the worst!

This market has is fantastic, it has everything: big ranges, big gap fills, volatility, fast paced, pivot respect.

It would be great if the SPI decided more often to join in the range though, rather than relying on the gap for movement.

SPI = Worst!

ROFL!

 

[>Apocalypto<]

This market has is fantastic, it has everything: big ranges, big gap fills, volatility, fast paced, pivot respect.

It would be great if the SPI decided more often to join in the range though, rather than relying on the gap for movement.

SPI = Worst!

ROFL!

ha ha ha, now that's more like it!

great to hear you're having fun Chops! I am 98% in FX so I am not to concerned about the local bourse.

Normaly I would not make a comment but the heat got the best of me!

No Aircon = worst! :evilburn:

 

[M34N]

The real reason the market is crap is this:
The Dow gets smashed, we jump on for the slaying.
The Dow has a rise, we just languish in the shadows.

ASX = Worst

Mostly the fact that people here aren't willing to jump on board every time the US goes up because they know the US will most likely tank the next day. When we get some stability back, that is when you re-invest. If you want to lose money fast, now is a good time to invest :

No Aircon = worst! :evilburn:

Trade_It knows what he's talking about, listen to him

 

[mime]

I feel for you stockwhizben and if it means anything I think the market will get back up because the US economy is not is as bad shape as people seem to think. It will probably at least take a year though.

I saw you guys mentioning gold before but it's funny to oil is also bucking the trend of the declining market.