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Sold a bit of VAS up here and bought some GSBE47...
What are we buying on Monday?
- Thread starter kid hustlr
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Bought a bit of VAS today, it's payday!
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Do you think the index will rise from here? there are some who think we are on the cusp of another leg down.
I'm seriously thinking of some VAS, but unsure when to pull the trigger, tending to wait for the next movement. But agree with your sentiment, good long term buying IMO.
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Ha ha no idea!
My assets are split equally between cash, gold, stocks, bonds and I try and buy whatever is underweight.
I was approx 1.91% underweight stocks, now I'm approx 1.26% underweight stocks.
I own some June puts on STW at a $42 strike just in case, cost me a pretty penny because I bought them at around ~5180 on the XJO in early April while ASX VIX was quite high. Who knows, what'll happen, I don't. But it'll clip the left tail of my return distribution if something bad happens.
No process = unsure.
Develop a process.
Bill M
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I did a small play on my wife's super account. When the index was under 5,000 I bought some more ASX shares units. Subsequently it ran to 5,500 points where I liquidated the whole lot into 80% cash and 20% bonds. So still showing a small loss from the all time highs but nowhere near as bad it was looking when the markets hit 4500 points.
So from here we are waiting for a re-entry point. Personally I think the market is going to go down dramatically. So our approach is to drip feed back in, in 3 stages on the way down. If we get one stage in all good and well. If we can get a second and third in even better. If it goes up from here (highly improbable IMHO) then bad luck we miss out on a few profits. The ultimate would be picking up stocks at the sub 4,000 mark for the long term. Not exactly buying on a Monday though but more so buying when the opportunity arises, cheers.
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why not a200 ?
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VAS tracks the ASX300. More constituents = less concentration at the top end.
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I usually like that but would not the current struggle affects smaller companies more than big ones?
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I like a bit of struggle, more vol = more rebal opportunities.
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is it worth the extra MER though?
out of curiosity i quickly grabbed the weightings off asx300list.com, by capitalisation it looks like nos 201-300 only account for 2.3% of the index.
definitely up to a certain point more constituents is good, but sooner or later the effects start diminishing.
i picked IVV over VTS for this reason, i felt that lower MER + the convenience of being Aust domiciled of IVV outweighed the 3000 odd constituents of VTS vs the 500 of IVV, the weighting of nos 501-3000 was similarly miniscule.
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For me I want those extra names in there, for you I dunno.
That's a completely different thing. VTS was created as a vehicle that was as passive as possible, to remove turnover for tax efficiency.
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VAS has to be one of the most poor performing ETFS on the ASX, and i cant see its prospects improving. Happy to be proven wrong, but its trash compared to other ETF's out there
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it's necessary to make the distinction between the ETF performing poorly and the underlying index performing poorly.
the point of the ETF is to accurately track the index that it's benchmarked to. if the index does poorly, but the ETF can demonstrate low MER, low tracking error and high liquidity, then the ETF has done its job. and in my view VAS ticks all 3 boxes (fees, tracking, liquidity).
but if you're saying that the ASX 300 - which VAS is benchmarked to - has performed poorly, then you'll get no argument from me. i've been quite pessimistic on the ASX (vs the indices of other developed nations) for many years now for macroeconomic reasons, chiefly our over reliance on primary sector industries, which is a big part of the reason why i decided to invest in international index ETFs, but not VAS or any other ASX based ones.
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why IVV over IHVV, the AUD is low compared to the US. if it rises wont you lose out ?
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that would depend on your view of the currency market. is the AUD significantly undervalued at the moment? i don't think so. your view might vary. i just think that as the years have ticked by, our economy is becoming more and more of a one trick pony (mining), and when that started slowing down combined with a general risk off sentiment, the AUD/USD movement over the last few years is what happens.
most likely global sentiment is going to be risk off for quite some time, given the current crisis. i don't see any clear catalysts on the immediate horizon that would drive a risk on currency like the AUD higher at this point. would a vaccine be such a catalyst? probably. but who knows when that's going to happen, and even when it does, how long will it take for global activity to ramp up again and sentiment to shift to risk on?
that being said, i do think it is somewhere between fairly valued and slightly undervalued at these levels, i did mention earlier in this thread that if it starts getting closer to 0.5000, i'd probably use IHVV for further dollar cost averaging purchases, and may even switch out some current IVV units for the equivalent value of IHVV units. but i'll cross that bridge when i get to it.
IrishDigger
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Hold a fair swag of FGX, on Monday will keep a watch on FGG but a bit nervous about going global.
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Any that has better performance and strength - comparing VGS, NDQ, and even others like ASIA, all feared much better during the drop, and have more significant percentage gains.
Im not against having a small portion of VAS or the like, but im wary of a broad OZ index going forward and would rather pick and choose my companies.
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what do you like about these? they seem like a good way to loose money to me
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Toilet paper I will be buying on Monday ....
USA record number of infections and its opening back up. Brilliant.
Possibly will also buy some bleach as Trump has advised taking it to cure the virus ... possibly some strong light as well ... 50,000 W globe and see if that works.
Its going to be a long road with such brilliant minds leading Australia and PM Morrison.
USA record number of infections and its opening back up. Brilliant.
Possibly will also buy some bleach as Trump has advised taking it to cure the virus ... possibly some strong light as well ... 50,000 W globe and see if that works.
Its going to be a long road with such brilliant minds leading Australia and PM Morrison.
