Some things I've learnt in recent weeks..

[Struzball]

In a bear market..

... leverage without set stop losses is bad.

... not sticking to your initial plan and being swept into the 'bargains' is bad.

... trying to catch a falling knife hurts.

... being prepared to take a loss is good in the long run(fall).

... not taking profits when prices were unreasonably high is regretful.

Bull markets do come to an end, trust half the world when they say it's a bear market.

And I thought the bull market would have never ended, silly me. It's funny, people had made comments just like the ones I just posted yet I didn't quite understand until I had personal experience. It was a good lesson, I think I got my money's worth

 

[xyzedarteerf]

In a bear market..
It's funny, people had made comments just like the ones I just posted yet I didn't quite understand until I had personal experience. It was a good lesson, I think I got my money's worth

I agree its one thing reading all the books and advice, its quite a different experience when real money and real consequences are in play.

 

[pepperoni]

Making money out of bubbles requires either

- pure luck; or

- a recognition of the fact that the bubble is occuring, an understanding of the reason for the bubble, and a strategy based on that ... and still some luck in terms of timing.

Investing on fundamentals (ala buffet) in non bubble markets is the only way to make money year in year out longer term.

 

[Trembling Hand]

Investing on fundamentals (ala buffet) in non bubble markets is the only way to make money year in year out longer term.

Sorry pepperoni but how can you justify such a statement when the market is made up of many long term players that are using very varied approaches. In fact if value investing is all you do you are not going to be even in the market a lot of the time. Therefore not making any money.

 

[Aviator33]

It's funny, people had made comments just like the ones I just posted yet I didn't quite understand until I had personal experience. It was a good lesson, I think I got my money's worth

Oh so very, very true Struzball. Doesn't matter how many hundreds of books I read, videos I watch, forums I peruse; it still doesn't sink in till it actually happens to me. Still, I live by "it's only a mistake if you do it twice!"

Cheers
AV

 

[snabbu]

Some things I have learnt.

The major brokers are currently getting their long picks 70 percent wrong.

By keeping investments in cash for the last 3 months I have earned 2.25 percent interest and avoided around 20 percent of capital losses on a balanced portfolio. In hindsight shorting would have been brilliant.

Broker recommendations seem to take no account of likely trends in the real world. For example I saw a recommendation yesterday on broker call FN areana recommending a buy of JV Hi Fi and a sell of Goodman Fielder. It seems to have completely escaped their notice that interest rates are being jacked up to stop consumers buying plasma TV's likewise it doesn't matter how bad things get people have still got to eat.


Cheers

Gary

 

[phoenix_gr]

...brokerage adds up quick
...its not easy to predict a turning point
...multiple small losses add up real quick
...a 20% portfolio loss makes me feel like leaving ASX with tail between my legs.

 

[ceasar73]

Some things I have learnt.

The major brokers are currently getting their long picks 70 percent wrong.

By keeping investments in cash for the last 3 months I have earned 2.25 percent interest and avoided around 20 percent of capital losses on a balanced portfolio. In hindsight shorting would have been brilliant.

Broker recommendations seem to take no account of likely trends in the real world. For example I saw a recommendation yesterday on broker call FN areana recommending a buy of JV Hi Fi and a sell of Goodman Fielder. It seems to have completely escaped their notice that interest rates are being jacked up to stop consumers buying plasma TV's likewise it doesn't matter how bad things get people have still got to eat.


Cheers

Gary

reckon its gonna take another 10 interest rate rises before these idiots stop
spending their dough on CDs,cameras,phones,plasmas...

ceasar