Parley Posted June 6, 2013 Share Posted June 6, 2013 Seems to be going over the proverbial cliff. Quote Link to comment Share on other sites More sharing options...
Guest chris955 Posted June 6, 2013 Share Posted June 6, 2013 I have a 50% share in our house but it hasnt affected me Quote Link to comment Share on other sites More sharing options...
Bobj Posted June 6, 2013 Share Posted June 6, 2013 My shares are $4 better than when I bought.:yes: Cheers, Bobj. Quote Link to comment Share on other sites More sharing options...
Parley Posted June 6, 2013 Author Share Posted June 6, 2013 They may not be tomorrow. Quote Link to comment Share on other sites More sharing options...
Bobj Posted June 6, 2013 Share Posted June 6, 2013 Mine are not in the Bank Of Scotland...:wink: Cheers, Bobj. Quote Link to comment Share on other sites More sharing options...
Guest chris955 Posted June 6, 2013 Share Posted June 6, 2013 If you get involved in the sharemarket you have to be prepared to either make money or lose it, I would sooner spend the money down the pub. Quote Link to comment Share on other sites More sharing options...
Petals Posted June 6, 2013 Share Posted June 6, 2013 Good o we can buy some more then. If you hang on to them and buy good stock they always come back might take time but it happens. We look at the dividends not the price, Telstra is good the dividends are 6 or 7 percent. Quote Link to comment Share on other sites More sharing options...
Bobj Posted June 6, 2013 Share Posted June 6, 2013 My dividends go back to buying more shares...I now own at least 1 pen-on-a-chain...:laugh: Cheers, Bobj. Quote Link to comment Share on other sites More sharing options...
Guest chris955 Posted June 6, 2013 Share Posted June 6, 2013 Thats the problem though they dont always come back, imagine if you had bought into Billabong for example, a very well established reliable company now you couldnt give them away. Regardless of the company it is always a risk but if you can afford the possible loss go for it. Quote Link to comment Share on other sites More sharing options...
Parley Posted June 7, 2013 Author Share Posted June 7, 2013 ASX down again today. Thats 5 days in a row and 3.6% down this week. Quote Link to comment Share on other sites More sharing options...
VERYSTORMY Posted June 7, 2013 Share Posted June 7, 2013 There were a lot of people with shares in western mining. The equivalent 10 years ago of BHP. Probably seemed safe as houses at the time! Quote Link to comment Share on other sites More sharing options...
Parley Posted June 7, 2013 Author Share Posted June 7, 2013 Yes they were a good company. Got taken over by Rio I believe. Quote Link to comment Share on other sites More sharing options...
Parley Posted June 13, 2013 Author Share Posted June 13, 2013 Still not worried anyone ? Quote Link to comment Share on other sites More sharing options...
northshorepom Posted June 13, 2013 Share Posted June 13, 2013 Still not worried anyone ? No. All my investments are long term ones Quote Link to comment Share on other sites More sharing options...
Paul1Perth Posted June 13, 2013 Share Posted June 13, 2013 Still not worried anyone ? You sound worried parley. Have you got a lot of shares or something? Quote Link to comment Share on other sites More sharing options...
newjez Posted June 13, 2013 Share Posted June 13, 2013 No. All my investments are long term ones All my investments that can be in cash are all now in cash. Quote Link to comment Share on other sites More sharing options...
Parley Posted June 13, 2013 Author Share Posted June 13, 2013 Just my superannuation fund. Quote Link to comment Share on other sites More sharing options...
Paul1Perth Posted June 13, 2013 Share Posted June 13, 2013 Just my superannuation fund. Not much sense worrying then. Quote Link to comment Share on other sites More sharing options...
Parley Posted June 20, 2013 Author Share Posted June 20, 2013 Be afraid. Be very afraid. Quote Link to comment Share on other sites More sharing options...
northshorepom Posted June 20, 2013 Share Posted June 20, 2013 Be afraid.Be very afraid. I'm inclined to take a rather sanguine view of stockmarket ups and downs, especially in respect of super funds It's always going to rise and fall. Unless you bought in very heavily near a peak (unlikely in the case of super but the sort of thing that happens when people believe "new paradigm" type hubris, eg dotcom bubble) or are close to retirement or some other event that might require you to cash in a big chunk of the pot.......I can't get too exercised about it I do have the odd punt but I treat it as exactly that - a punt - and don't gamble more than I am prepared to lose, same as betting on a horse really Unless it's a total, for ever, crash - in which case we're all in the sh1t anyway - it will go back up again. At some point, and to some point Quote Link to comment Share on other sites More sharing options...
Parley Posted June 20, 2013 Author Share Posted June 20, 2013 I do believe (and practice) that superannuation should be managed. While its true in the long term markets trend up and crashes/corrections recover in time, if you can avoid the corrections you can make a huge difference to your funds performance. Im in a large fund which allows me to switch between Aus shares, International shares, Balanced, Growth, Cash etc. I do tend to stay in shares the majority of the time, but switch if I feel a major correction is likely. I switched from 100% shares to cash in February after the market had gone up 13 weeks in a row and I felt that it couldn't go on forever and a correction was likely. Now there is risk in doing this and you might not always be right but if you don't overdo it it can make a huge difference. I just need to judge when I think the correction is over and switch back to shares at the appropriate time. Quote Link to comment Share on other sites More sharing options...
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