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That has familiar ring to it.
As you say, if you are in for the long run, quality always bounces and dollar cost averaging is important.
That has familiar ring to it.i do know however that if i don't dollar cost average in on a semi-regular basis, something like this will happen: not quite at the bottom yet... just a little bit further down then i'll buy... this is just a dead cat bounce, should wait for another fall... this rally seems to have run out of legs, don't want to get head faked, just hold off a little bit more... oh wow it's right back up to where it was before, and i'm holding all this cash, how did that happen?
Luckily my stops cut me out of the market after a 5% drop from the top. It's now close to a 20% drop. Days like this don't come around too often, so who's buying today? I gotta admit to a rather large case of FOMO...
round it off .... call it 7Wow 6% - it's been 11 and a half years since we have seen falls like that, im genuinely surprised at the scale of the sell off.
I don't think we've seen the bottom yet.
Yes these are the times when people actually make a lot of money, but it isn't for the faint hearted, I wonder how many younger people are going to take the plunge and jump in?I remember the panic sell of the gfc. I think I had a free Huntleys subscription. They were giving buy orders all the way down. When it kept dropping they lost their sht and admitted they didn't know where it was going to go to. May have recommended selling because they couldn't see the bottom.
I thought that was a signal to buy and got lucky on the timing.
This time doesn't look that much different.
Stimulus (the great reversal) must be on its way. Otherwise everyone's super accounts will evaporate
I moved 7% of my super from bonds into equities on Friday 28th Feb. Will do another 5% tomorrow probably. I had 17% ish of my super in bonds.Yes these are the times when people actually make a lot of money, but it isn't for the faint hearted, I wonder how many younger people are going to take the plunge and jump in?
How many times have we heard, the baby boomers were lucky they had the GFC and the market growth afterwards, well now it is opportunity time for the next generation.
What is the old saying about faint heart never ...
https://www.smh.com.au/business/ban...s-smashed-in-market-rout-20200309-p5488o.html
i agree, but i don't know for sure where the bottom will be, and neither does anybody else.
i do know however that if i don't dollar cost average in on a semi-regular basis, something like this will happen: not quite at the bottom yet... just a little bit further down then i'll buy... this is just a dead cat bounce, should wait for another fall... this rally seems to have run out of legs, don't want to get head faked, just hold off a little bit more... oh wow it's right back up to where it was before, and i'm holding all this cash, how did that happen?
That said, vol on the XJO doesn't seem to have gone to the same levels as in the US, yet, still well under 30 at the highs.
View attachment 101146
Still pretty chill, all things considered.
I suspect AUDUSD/AUDJPY/AUDCNY is acting as a massive shock absorber for both our economy and our stock market.
So did you bid the open on VAS @kid hustlr?
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