Started going significantly further into cash 2 weeks ago Brian. Expect to continue to do so short term.
Retirees - model share portfolios
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Started going significantly further into cash 2 weeks ago Brian. Expect to continue to do so short term.
Julia
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What is your own view, Brian?
Had planned to sell down (by about half) holdings in ORG, STO WES & WPL and all of IAG and TAH - but dithered and now think I'll take the risk that the market has overreacted and long-term fundamentals are still OK. Still want to sell into a rally if there is one in the near future and will be looking particularly at anything whose price is vulnerable to Govt regulatory change.
Julia
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I understand what you mean about the dithering: I had a fairly fraught 24 hours before deciding to sell everything except CEY and MND mid last week.
Subsequently sold those as well.
My basic plan is to always protect profits and preserve capital.
Many other approaches which are also valid, and my timing may turn out to be quite wrong.
I think the hardest lesson I have learned is that sometimes it is best to sell at a loss - before it becomes a bigger loss.
So I offset profits against losses and hope to come out in front.
Brian, I sent you a detailed PM about my approach. I suspect we need to all develop a basic strategy - especially as we gently age [I'm almost 65].
Julia taught me a great amount and we each need to find our own path. I think mine and Julia's share some similarities.
These are exceptionally volaltile times -and I suspect nothing is about to change soon.
If you can grow your capital then that is great. Next best is to preserve it through cash.
Holding losing stocks will, in my view, only preserve stress .
I have many friends who have left their money with percentage based financial advisors since the crash began. That's not my scene anymore.
I have a strategy in mind when I no longer want to give the time to swing trading. And I may need to adopt that soon as there is far more to life than money.
Maybe you need need to be definitive in your approach? [I hope it is OK for me to say that].
Best wishes
R
So I offset profits against losses and hope to come out in front.
Brian, I sent you a detailed PM about my approach. I suspect we need to all develop a basic strategy - especially as we gently age [I'm almost 65].
Julia taught me a great amount and we each need to find our own path. I think mine and Julia's share some similarities.
These are exceptionally volaltile times -and I suspect nothing is about to change soon.
If you can grow your capital then that is great. Next best is to preserve it through cash.
Holding losing stocks will, in my view, only preserve stress .
I have many friends who have left their money with percentage based financial advisors since the crash began. That's not my scene anymore.
I have a strategy in mind when I no longer want to give the time to swing trading. And I may need to adopt that soon as there is far more to life than money.
Maybe you need need to be definitive in your approach? [I hope it is OK for me to say that].
Best wishes
R
Julia & Rick
It is clear to me that I need to understand or deal with the "sell" part of operating in the equities market. I have recently read Weinstein's book and found it giving excellent insight but as yet haven't developed a "strategic plan".
Today's bounce has destressed me a little bit but I still plan to lighten up on some of my holdings.
Thanks for your replies. Cheers
It is clear to me that I need to understand or deal with the "sell" part of operating in the equities market. I have recently read Weinstein's book and found it giving excellent insight but as yet haven't developed a "strategic plan".
Today's bounce has destressed me a little bit but I still plan to lighten up on some of my holdings.
Thanks for your replies. Cheers
Thanks Brian. Read Tech/a's post today on the XAO thread. I'm not saying he is right but I agree with him. Could be wrong of course -- there is no certainty in this business.
At the time of sending this it appears the DOW will rise tonight.... for how long I have no idea.
Regards
R
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The bit about a short squeeze then back down to 4100 ?
So_Cynical
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The charts over in that thread also show 8 to 10 weeks between the tops.
If you concentrate on the bottoms and the negativity you miss the tops...and it becomes all about the bottoms and hanging on to what you have, and not taking advantage of the market machinations.
The market is just as likely to see 5100 before it sees 4100...but if all your attention is on the 4100 you have no hope in hell of getting anything out of the 5100.
If you concentrate on the bottoms and the negativity you miss the tops...and it becomes all about the bottoms and hanging on to what you have, and not taking advantage of the market machinations.
The market is just as likely to see 5100 before it sees 4100...but if all your attention is on the 4100 you have no hope in hell of getting anything out of the 5100.
Yes.
Whether the next move is towards 4100 or 5100 [crystal ball misplaced] I figure, and this suits our position but not everyone's natuarally, that being predominantly in cash leads to a better sleep pattern.
SC - I gather you did read my reference to there being "no cartainty"?
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Gotcha Rick,
I guess it's always important to assess the downside and hold a position that's best suits the individual.
I guess it's always important to assess the downside and hold a position that's best suits the individual.
