With the continued downtrend in the stock market over the last while I'm starting to feel a little uncertain.
My portfolio is fairly diverse with primary investment in mining, infrastructure and energy; secondary in finance and building. I have a bulk of my investment in MAP, ZFX, BHP, PSH and the BB family - BBI, BBP, BBW. Throw in CSR, BLD, IAG and SUN for good measure, and AOE and NMS as well.
Yes I have spec players too, but I'm not overly worried about them, they're the fruit on top so to speak (and the total of them is less than my investment in BHP and ZFX, for example). And I'm trying to get rid of them anyway, having realised they don't suit my investment style.
I felt I researched these companies well, and each have their particular benefits. Fundamentally I don't think there is much wrong ... but the market seems to think differently?
I bought most around the August correction ('cept BHP, have had since earlier this year), and they were all travelling well. However at present most are down near their August levels, except BHP, NMS and AOE which are gonig great. Running at a small loss on a couple (~5 to 8%).
Am I looking just too short term? I've invested for the long term (5-10 years) on these ones, but I get uncertain when I see prices wobbling around so much. Should I just chill a bit and let things settle? I guess I worry a bit more as it is funded with borrowed money (or money I could be throwing at my home loan). I know I shouldn't be worried (and I shouldn't hover over commsec all day long, watching my proft/loss margin wobble all over the place)... but I just feel uncertain.
Any advice for a newbie about how to manage SP fluctuations and market forces that just seem so bizzare sometimes?