Australian (ASX) Stock Market Forum

Not Buying - Not Selling - Waiting

the divs. by and large have been OK for me ( so far ) would i have been better taking the capital gains ??

taking the cash and running for the sidelines isn't my usual game , so without other reasons to sell i never really considered that option this year
We all see from different perspectives.
I don't have a problem selling high and buying back low,
 
We all see from different perspectives.
I don't have a problem selling high and buying back low,
the selling high ( higher than i bought ) isn't so much the problem

it is the buying back in ( meaningfully ) lower than what i sold at , that catches me ... like say BSL

which is why i prefer selling PART of holdings ( unless they have taken an unattractive path , in which case i am unlikely to be buying back in ) i can always accumulate at opportune times
 
Personally I see it as an occurrence which has the "look and feel" of a recession and the last time we really had that in Australia was the 1990's. Most visible signs = business failures, mass unemployment and a general sense of doom and gloom.
It is all starting to get the self fullfilling prophecy look about it IMO.
Across the board payrises, followed by across the board price rises, followed by interest rate rises, then rinse, wash, repeat.


Back to the market, well if you were to take a list of the ASX300 or any other fixed list of stocks that wasn't picked specifically based on recent price action, and then went through them one by one and had a quick look at a chart, well there's an awful lot which have seen serious declines from the peak. It's not hard to find something that's massively down, 50%+, from a peak sometime generally 6 - 12 months ago.

This isn't a market where just randomly picking stocks, or even a basket of them, will work. :2twocents
Stocks that reinforce the Media's narrative and give regular blue sky announcements are what the desperate ill informed will be jumping into IMO. There will be a lot of desperate highly geared people who are willing to gamble, the media will give them the rainbow, my guess anything green, clean and high media coverage. Lol
Meanwhile stable dividend paying stocks are always a great pickup in times like this IMO.
 
It is all starting to get the self fullfilling prophecy look about it IMO.
Across the board payrises, followed by across the board price rises, followed by interest rate rises, then rinse, wash, repeat.



Stocks that reinforce the Media's narrative and give regular blue sky announcements are what the desperate ill informed will be jumping into IMO. There will be a lot of desperate highly geared people who are willing to gamble, the media will give them the rainbow, my guess anything green, clean and high media coverage. Lol
Meanwhile stable dividend paying stocks are always a great pickup in times like this IMO.
i have resisted leverage ( so far ) however should the market tumble ( more )

i will most likely run the tape measure over GEAR and MVW ( i hold neither currently )

so far for me the 'Green narrative ' has been a complete cess-pit with CCE and RFX not being the worst misadventures in this niche

however i have done very nicely on coal and oil , and have largely avoided media companies ( except a very nice ride on TME - TradeMe )

yes div. payers attract me

it is worth keeping track of which LICs implement 'dividend-leveling ' as well they can be severely under-valued in bull-markets
 
Hmm, the concept of dividend smoothing. Nice in theory but investors may not know that has occurred until after the event. Some in their half-year/full-year reports do give an indication about it (WHF for example) but it depends on the degree to which you delve into annual reports to find that - I came across that by pure chance.
 
some like WAX have gone as far as monthly updates on the reserve dividends they hold back , i am guessing one factor would be that franking credits for that div. reserve are not available and they had decided to only pay fully franked dividends

but yes careful research can reveal those tiny but useful details

cheers
 
I was going to respond in detail to post #127 regarding franking but decided it wasn't worth the bother. Suffice to say it displays either a lack of understanding or it's garbled thinking or both.
 
So getting back to the title of the thread................. are we there yet ??????? :thumbsdown:


bux
 
the XJO is hovering around 7000 and will probably test that level today , i would think the very patient would vote NO

the members can answer for themselves but apart from cherry-picking bargains i would think they will be uninterested until the XJO dips below 6000 ( and maybe even lower than that )
 
Too right....patience...
well i am looking at the smaller ( 'higher risk ' ) banks because i am hoping for 'growth .. now if they hit a pot-hole i think the government will be less likely to save them ( in a way to protect share-holders ) ( more likely to be force-merged into a major )

and with that potential risk involved i need more potential upside ( if i am just a foolish worry-wort )
 
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