- Joined
- 1 October 2008
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- 395
Do you have a margin loan against your holdings, If not why stress. If your companies are sound and you have diversification forget about short term market movements.
I know right now it is hard, but it will pass.
Everything is now overvalued however, even now.
I guess that would make boeing a buy, metals? Rare earths, medical stuff, oil, boots explosives............................(surely not blue scope steel) better get busy tomorrow huh!?Everything!... except Kalashnikovs:
I guess that would make boeing a buy, metals? Rare earths, medical stuff, oil, boots explosives............................(surely not blue scope steel) better get busy tomorrow huh!?
MPO is one I'm nibbling on as we descend into the abyse.Just quietly ... i think this correction could be a good time to load up on oil.
Happy investing and relax, drink nice coffee, go for a walk in the bush, ride a bike around the lake
MPO is one I'm nibbling on as we descend into the abyse.
It's a beautiful chart don't you think?
Ever met a rich chartist that isn't selling charting?
MPO is one I'm nibbling on as we descend into the abyse.
It's a beautiful chart don't you think?
Ever met a rich chartist that isn't selling charting?
Respect for the Charts, the Fundamentals and the fear.
Sold my last stock held today and will not be trying to catch falling knives.
Time for a drink, feel much better.
Hi all,
To all the people that all this is happening to them for the first time:
- don’t panic, stop and think, then stop and think again
- review your strategy for any flaws, if one of your holdings has revealed its weak fundamentals; swap it for one with stronger ones (minimum for the same amount in total dollars)
- remember: “buy on rumour, sell on news” and “be brave when everybody is fearful”. If anything, this is a time for buying. Most of the companies have just started to report earnings so the bulk of the selling is currently done on rumour and fear.
- Australia public debt to GDP is only 25%, for the USA, it is 100%, this is contagion, it will pass… guaranteed.
- if still scared, stop, go and read “The Intelligent Investor”, if still scared, then sorry… the stock market is not for you, wait for the rebound and sell everything and never come back.
Happy investing
Lazarus has returned ... lol
a) Enjoyed your posts previously
b) I have improved my trading substantially in your absence
c) Are you back for long
Welcome back.
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