Re: A view to a Kill - That song is awesome!
Weepo i can't see why you would lie and it's quite amusing that some people are being hostile towards you. It's only natural to boast sometimes and I bet your sitting back laughing as you stir the pot so to speak. I do see some humility in your posts as well.
You're lucky to have had such a substantial sum to put in the market just at the right time. Most traders average down until they have no money left to buy stocks or they just do not want to buy due to their mounting losses.
But I just have one question. What made you invest at this time? Last year we had two clear bounces. One during March - May after the Bear Sterns collapse. Then in July - August after oil went down from its highs. Did you try putting money in before this or were you waiting for the panic to reach a crescendo? Bear (no pun intended) in mind many still say the S&P 500 is still slightly overvalued and it should fall some more.
Many of us have to be a wage slave due to mortages and paying of debt etc. It is only a natural progression in life. We can't all start with money and turn it into more money trading. In fact many people like going to work, interacting with people day in and day out. Without doing this then how will our society develop. Everyday I go to work I see a beautiful woman I think hey isn't it worth getting on a bus to see that everyday. Just some of my thinking. I work in the Sydney CBD and if I have to die due to pollution or cancer by staring at a computer screen all day atleast I should be compensated by seeing a few good looking chicks.
P.S Have not entered marital slavery yet...I will go off and build some pyramids now for my beloved Pharoah.
A view to a kill.. Duran Duran - meeting you with a view to a kill...
My friend, In my entire life I have never used the stock market as an investment tool..I have never even touched it up until October 2008.
Why.. Long story, I have spent the last 5 years being pretty transient. Suddenly August 2008 I find myself back in good old OZ with a 3 year contract for one of your Major resource players..I left here in 1992 due to my career and travelled all over in my field. Spent 4 years in Azerberjain, 3 years in Sudan, 5 years in Norway and and 5 years in the Uk..
I have always had success with property and other things.. Never really looked at the market being the tool of choice for my needs...Im certainly not a trader, not astute enough in the market to call myself an expert, it just did not do anything for me. At the time of 12% + returns on cash, and property jumping 30% in a year,the market was the last port of call for me to consider.
Right time right place, find myself back in this beautiful land, having sold out of a number property`s last year at the right time.... I still have property both here and the UK. They have taken a hit, however they will ride this out and be allowed to come back over time. Not selling any more...
I know enough of the world and enough about business, resources, and global mindsets to see an opportunity... I entered the Market here on a 3800 index, bought a little ,sat back and bought heavy at 3500, then bought all the way down to 3250 and back again to 3600.. Not had a buy for a month now, just taken a few profits. If it does retract, I will buy again...I have no fears of this market, perhaps I dont know enough about it or just perhaps I feel I have entered at the right time. What ever nothing scares me, I am a confident person anyway.
What I will say is though, I am not so stupid, or conceited to not to have a get out plan if I am wrong and that plan is always very much on my mind.
I will however give this every chance, Im not scared by blips, downward movements or negativity, I see that as further opportunity !
I will exit this market on a 4600 index unless something of such magnitude befalls us that the entire globe has not yet factored in..Chances of that are slim, but as history proves, there is that chance !
Plan is exit completely on a 4600ish index.. Then it will be property time again..I am in the right place at the right time, no more , no less. Im not an expert and Im not a chartist, just someone who believes now is the time for me to be investing in quality oversold blue chip and mid tier infrastucture, resource, energy and fertiliser stocks with a few spec up and coming resource stocks which I feel with my knowledge in that industry hold tremendous upside potential. I am the biggest Oil bull, I have spent all my life working with it and know just how much money it costs to discover, ascertain reservoir potential and then get it out of the ground. If anyone out there was thinking that 30 or 40 bucks a barrel was goin to lead to any real investment , then they are gravely mistaken. Of course the downward spike happened so quicky that the media view was that exploration and new projects were not being affected. Business as usual by the greedy oil majors, ramping up the pump rates.. Matter of fact was and is that budgets are set years in advance , long lead equipment is sourced and procured, services are tied in and there is no way to get out of them. What has happened is budgets from 2011 onwards have been decimated...There will be a massive reaction to that, which has just started to happen. The jump from $ 32 to $ 62 will seem minor compaired to the spike that will hit end of the year...
Anyway enough of that drivel, its late , the whisky glass is teamed and hopefully a decent sleep awaits. Hope so ,Im in the office at 7m tomorrow!
One thing that brings it all into perspective for me...
Believe me,the knowledge and privilege of coming home every day to my 3 year old son, wife and 3 daughters make me realise just how lucky I am, not the job, day rate or money, stocks and property`s I have in my portfolio
And thats it... nothing more to add...
I would like to probe you a little to end if I may, why do you think the S & P 500 still has more to fall. There is a huge change of sentiment rapidly gathering pace, and one thing the yanks are very good at is riding the wave...
My view is , its all a bit soon, but the wave is being ridden, and slowly figures are creeping out that will keep that momentum going. Then we find ourselves on a level playing field...Is the world going to again progress and prosper as is my view, or are we going to digress and sink back to global panic and terminal decay.. which is of course the views of most bears..
I love your sentiments about the girls on the bus... That is a good thing, you got to have that to make you tick...Im 42 and believe me as happily married as I am, I use the same coffees shop every morning at 06.30, not on the basis of the quality of coffee, but on the basis of the angel and her smile serving it
BTW
BHP Billiton...... Fantastic company....
cheers
Wheep0