Portfolio Position
- Thread starter stargazer
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as naive as it sounds i am just going to ride it out
being a student and pouring a major percentage of my earnings into the sharemarket i treat my investments somewhat as sunk costs...once it is done it is done so to speak (shoot me down if you will)
although i have lost $7 on zinifex and a few $$$ on bhp and westfield i see enough scope for improvement just to simply ride it out
i dont see i have enough experience of product knowledge in the market to suddenly begin buying and selling so i dont see a point in madly stressing
however i am starting to look at potential companies i can pick up on the cheap or companies that could or will benefit from the change in government
if anything...kdudd could come in handy to set me up for life
being a student and pouring a major percentage of my earnings into the sharemarket i treat my investments somewhat as sunk costs...once it is done it is done so to speak (shoot me down if you will)
although i have lost $7 on zinifex and a few $$$ on bhp and westfield i see enough scope for improvement just to simply ride it out
i dont see i have enough experience of product knowledge in the market to suddenly begin buying and selling so i dont see a point in madly stressing
however i am starting to look at potential companies i can pick up on the cheap or companies that could or will benefit from the change in government
if anything...kdudd could come in handy to set me up for life
My portfolio is dead flat/even at the moment but I only started investing a few months ago. Half of them have fallen back to buy in price (that were well up), a couple are significantly down, but luckily my main holding is still well up from buy in (CVN). Overall leaving me flat.
The plan is to ride it out but I'd be lying if I didn't admit to thinking about selling. But I'm investing for long term so it seems crazy to sell while the market is panicking.
I believe in all the companies fundamentals but its market sentiment that worries me atm. One thing that worries me is that our market is very focused on the US atm and the US doesn't look like having much good news. I don't even personally believe that a slowing US will have much effect on heaps of the Aus companies but I can't make the market think that. maybe when Aus companies start reporting and profits are as good as ever then our market will settle down??
The plan is to ride it out but I'd be lying if I didn't admit to thinking about selling. But I'm investing for long term so it seems crazy to sell while the market is panicking.
I believe in all the companies fundamentals but its market sentiment that worries me atm. One thing that worries me is that our market is very focused on the US atm and the US doesn't look like having much good news. I don't even personally believe that a slowing US will have much effect on heaps of the Aus companies but I can't make the market think that. maybe when Aus companies start reporting and profits are as good as ever then our market will settle down??
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I know it sounds like a cliche, but its only about a month away for most companies to give you the best reasons why to buy/sell........their profit reports......that's the information to balance your holdings off.........
As for the current correction which has actually been quite dramatic, your buy prices compared to current prices is the least relevant piece of information for balancing the portfolio compared to the avalanche of data appearing next month
As for the current correction which has actually been quite dramatic, your buy prices compared to current prices is the least relevant piece of information for balancing the portfolio compared to the avalanche of data appearing next month
numbercruncher
Beware of Dropbears
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Many Aussie companies are going to report stella results im sure, but the big question is can they repeat that or better going forward, obviously a big ? hangs over that.
Julia
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Conversely, they might produce results such as we've seen with BKN and MFS.Many Aussie companies are going to report stella results im sure, but the big question is can they repeat that or better going forward, obviously a big ? hangs over that.
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I think most peoples portfolios would be in the red at the moment!
To answer the questions, as the thread appears to have been hijacked!
Im being eaten alive at the moment, but have kept buying all the way down. Currently in the red -10.24%.
I am going to keep holding, hence why I am buying on the fall.
I only have 5 stocks in my portfolio. 2 are even, one is a little down, 2 are being HAMMERED and account for nearly all that loss!
But its only paper money afterall! Will probably dump the rest of my portfolio in this wk (not much cash left now) and wait for the next rally! Appears we are experiencing a crash cycle! So the next rally shouldnt be too far away.
To answer the questions, as the thread appears to have been hijacked!
Im being eaten alive at the moment, but have kept buying all the way down. Currently in the red -10.24%.
I am going to keep holding, hence why I am buying on the fall.
I only have 5 stocks in my portfolio. 2 are even, one is a little down, 2 are being HAMMERED and account for nearly all that loss!
But its only paper money afterall! Will probably dump the rest of my portfolio in this wk (not much cash left now) and wait for the next rally! Appears we are experiencing a crash cycle! So the next rally shouldnt be too far away.
So_Cynical
The Contrarian Averager
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I'm still up around 4%....down from the 13% high of just 5 days ago (Monday)
I'm holding my gold stocks..i made a decision awhile ago to hold
until gold saw 1000 USD....and im sticking to it.
However i fully realize i missed a great "out and back in" opportunity with LGL and TRY.
I'm holding my gold stocks..i made a decision awhile ago to hold
until gold saw 1000 USD....and im sticking to it.
However i fully realize i missed a great "out and back in" opportunity with LGL and TRY.
Hi all
Thanks for your contributions. It certainly takes some mental fortitude to hang in there especially on an avalanche of bad news from the US. Night after night.
Also the ASX going down 11 days in a row.
Plus the headline RE: DOW the worst start ever.
I borrowed and is the first time in the ASX and of course when you see headlines like this and the news it is very character building.
If it keeps going down you feel like a fool for not selling if it recovers you pat yourself on the back that you made the right decision.
My contingency plan if it keeps going down is to sell small parcels to cover the interest on the loan.
Cheers
SG
Thanks for your contributions. It certainly takes some mental fortitude to hang in there especially on an avalanche of bad news from the US. Night after night.
Also the ASX going down 11 days in a row.
Plus the headline RE: DOW the worst start ever.
I borrowed and is the first time in the ASX and of course when you see headlines like this and the news it is very character building.
If it keeps going down you feel like a fool for not selling if it recovers you pat yourself on the back that you made the right decision.
My contingency plan if it keeps going down is to sell small parcels to cover the interest on the loan.
Cheers
SG
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Pretty much my thinking Chewy.
Except im now NEG 1-2% for the first time since I bought, and was previously on a high of about 20% late last year. Oh the pain.
tech/a
No Ordinary Duck
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Nyden
G.E. Money Genie
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That's exactly right. Should you need to sell right now for any number of reasons, you've lost. Can't sit there & shrug off a loss because it isn't "real" money.
I'm sitting on some major losses myself now, I recently sold off a part of my portfolio for that reason; to prevent further loss, & protect capital.
I believe people like to label it as a paper-loss to help prevent the pain that accompanies an actual loss though, whatever helps I guess.
I'm down (both financially and emotionally).
That said, In the past week I've totally modified my trading style and put together a set of "adjusted" trading rules for the current climate we are in.
Fortunately I spit my capital in half just under two weeks ago. The first half I'm using as a more long term bargain hunting portfolio. The second half is being used for CFD trading and that half has been decimated. I'm really glad I split my capital. I'm trying really hard to get some positives out of the recent market uncertainty.
The silver lining for me is that since I've modified my trading style I've started to claim back some of the losses at this stage it will take my at least a month to get my capital back to the amount it was in November. If I can accomplish that by February I'll be really happy.
Edit: The other Silver lining is I've picked up shares like BHP, BNB, AWC, PDN & MQG at substantially reduced prices which I'll keep long term. Some purchased under 30% of their 07 highs.
That said, In the past week I've totally modified my trading style and put together a set of "adjusted" trading rules for the current climate we are in.
Fortunately I spit my capital in half just under two weeks ago. The first half I'm using as a more long term bargain hunting portfolio. The second half is being used for CFD trading and that half has been decimated. I'm really glad I split my capital. I'm trying really hard to get some positives out of the recent market uncertainty.
The silver lining for me is that since I've modified my trading style I've started to claim back some of the losses at this stage it will take my at least a month to get my capital back to the amount it was in November. If I can accomplish that by February I'll be really happy.
Edit: The other Silver lining is I've picked up shares like BHP, BNB, AWC, PDN & MQG at substantially reduced prices which I'll keep long term. Some purchased under 30% of their 07 highs.
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I've still quardrupled what I started with this year, but wouldve had 7x, I'm not willing to take a loss and I'm well hedged.
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I'm a bit over half in, sitting on some 10% losses (I guess about average), waiting for a bottom so I can buy back into my stocks at lower prices, reduce my initial buying costs and bail out at a smaller loss when the market has a rally eventually.
But not rushing in any time soon, waiting for the dust to settle, earnings season coming up soon and FOMC meeting late this month will set the tone.
But not rushing in any time soon, waiting for the dust to settle, earnings season coming up soon and FOMC meeting late this month will set the tone.
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NO, its not my money until I actually SELL! I have not realised the loss yet.
Not to mention, I made an unbeleivable 50% last year (that was realised gain), selling stocks at their absolute highs just months ago. Hence why my portfolio is now in such a large defecit. I have bought all the way down this correction/crash and will continue to do so. When others start selling, I buy. When the greed drives the prices far above what I beleive they are worth, I sell.
The short sightedness of many of you traders and in particular, the large institutional investors and super funds, trying to make an above market return for their customers year in and year out, is what allows me to make money. Super funds cant tell their clients, we are down 10% but dont worry, next year we will make 30% because we are holding under valued stocks and waiting for them to rise! I CAN do this!
I know there arent many value investors here, so I expect many dont agree with these philosophies, but they have worked me wonders so far and I will continue to implement them.
Not to mention, I made an unbeleivable 50% last year (that was realised gain), selling stocks at their absolute highs just months ago. Hence why my portfolio is now in such a large defecit. I have bought all the way down this correction/crash and will continue to do so. When others start selling, I buy. When the greed drives the prices far above what I beleive they are worth, I sell.
The short sightedness of many of you traders and in particular, the large institutional investors and super funds, trying to make an above market return for their customers year in and year out, is what allows me to make money. Super funds cant tell their clients, we are down 10% but dont worry, next year we will make 30% because we are holding under valued stocks and waiting for them to rise! I CAN do this!
I know there arent many value investors here, so I expect many dont agree with these philosophies, but they have worked me wonders so far and I will continue to implement them.
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Opportunity cost you mean?
tech/a
No Ordinary Duck
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Realised or not your portfolio is valued at whatever it is today.
Walk into a bank and see what they value your portfolio as relative to your nett wealth.
As an investment you wouldn't be looking like good value.
As a business director you'd be fired by share holders.
You don't happen to be the CEO for Citibank?
Just like Citibank one day you may actually have to realise those losses,Naively thinking all losses turn to profit has blown up many a budding BUFFETT.
Well...
my portfolio was looking quite nice there for a while, over 40% a couple of months ago, been too scared to check it since Thursday, I imagine I might be in single figures, but still positive.
I think my investment strategy has provided some level of protection (yes I can hear hoots of laughter as you all roll around on the floor...), I have never played with CFD's or options, just run-of-the-mill ordinary shares.
I attempted to identify resource and energy companies that were already in production, or had a significant chance of near-term production, produced a marketable commodity that they could sell, had a reasonable cash flow and assets significantly greater than a 2:1 ratio against liabilities.
Fairly basic strategy, but I think in these times of volatility everyone just needs to think of these basic guidelines... You should be asking yourself how your company makes it money and if there is a good prospect of earnings continuing or increasing into the future? If you don't understand what the corporate structure of a company is, then stay the hell away from it (eg. Centro). The last thing you want is undeclared losses coming out from the woodwork that were conveniently "hidden" within an overly-complex corporate structure.
And yes, even the big bad banks forget these things too, just make sure you don't lose sight of reality.
jman
my portfolio was looking quite nice there for a while, over 40% a couple of months ago, been too scared to check it since Thursday, I imagine I might be in single figures, but still positive.
I think my investment strategy has provided some level of protection (yes I can hear hoots of laughter as you all roll around on the floor...
), I have never played with CFD's or options, just run-of-the-mill ordinary shares. I attempted to identify resource and energy companies that were already in production, or had a significant chance of near-term production, produced a marketable commodity that they could sell, had a reasonable cash flow and assets significantly greater than a 2:1 ratio against liabilities.
Fairly basic strategy, but I think in these times of volatility everyone just needs to think of these basic guidelines... You should be asking yourself how your company makes it money and if there is a good prospect of earnings continuing or increasing into the future? If you don't understand what the corporate structure of a company is, then stay the hell away from it (eg. Centro). The last thing you want is undeclared losses coming out from the woodwork that were conveniently "hidden" within an overly-complex corporate structure.
And yes, even the big bad banks forget these things too, just make sure you don't lose sight of reality.
jman
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