Those using their own money aren't nearly so worried about corrections or even outright crashes and have virtually zero chance of going completely broke. Even the big players and their fund blow ups recently all comes back to excessive leverage.
Those using their own money aren't forced to sell at the extra low prices to meet margin calls either and they are still holding when things turn around. (as they certainly will.)
Hmm things don't look as bad as they seemed. I know I was supposed to take a break from the market, but alas, I sucumbed to the temptation and looked... I'm up 15% from the 50% low on Wednesday-Thursday. I guess all the auto-sells and calls have mostly run their course (for now perhaps). It was a fairly flat day on Thursday. So still down by about 35% from when I bought in (which itself was already pretty low). If I'd had some cash to spare I'd have bought in some more yesterday, but I only had one-week's wages to put in! : Oh well.
There's a light at the end of the tunnel, or a silver lining or whatever - for those of us in value at least. As far as I am concerned, I am the owner of that fat pile of cash on my company's balance sheet, and I ain't sell'in until I get for it what it's worth!
Hi, I think you posts are great...sounds funny what I am about to say because markets sre about to rise???
But why don't you sell when markets are ready to fall or are falling.
Tax yes but if you believe the fundamentals are right but look at the markets (E wave, Technical analysis, Bean the great) why not sell and but back in.
for example this is not the bottom but selling (last week) and buying on monday (this monday) you would still have made a profit.
Me I aim for 100% per year take profits pay tax (I pay tax once a year) twice a year and well enjoy life. I would rather pay than drop momey.
I am well at the moment going to buy a camper tour Aussie for 12 months then take leave without pay and then retire.
Yes when the fundamentals are right I am 100% in stock but when the market ism't I am out.
remember
The market doesn't care who you are
I am still going to buy the same stocks
Depressed for no reason or for the reason you do not know? If the first applies, you win, but the chance is not high. If second applies, you lose, I think more than likely, the second applies. I do not think I am a smart person with smart money.
Nothing has changed in those particular company fundamentals AFAIK. If I were dabbling with banks I'd be more cautious, but I'm not (only got one of them, and bought it a long time ago).
At the end of the week (which is when I regularly review my position) I am down 25% (50k) from where I was a couple of weeks ago, but still ahead on my starting figure in Oct last year by 15%.
As its my Super and I can't touch it for years, I'm not too concerned at this stage. I buy on fundamentals and hold long term.
Agree with Nioka that using my own money and not having a leveraged position makes things a lot less stressful than I imagine they would have been, for me at least. I hate owing money!
Fortunately I don't have any of my own cash (as opposed to Super) in the market at the moment.
I did get sick of watching the carnage, though, and just didn't look at the market at all for a couple of days. Not good for my mental state!
I don't believe it. Now I've seen severything. After being down 50% at one point, the market has surged and am now back in the black thanks to the additional capital put in during the ridiculous rout last week. (I expect the climb to continue) Thank you Ben Graham for teaching us the virtue of patience and resilience in the face of fear.
I recouped over 6% yesterday for my biggest one day gain ever, even bigger than my biggest one day loss ever, also in recent days. What a YoYo. Fortunately I didnt get margin calls like some. It is those I feel sorry for as they were forced to sell out when the market was down and missed out on the massive rebound yesterday.
2 more days like yesterday and im back where I was 4 weeks ago. Unfortunately I think it will take a month or two. My only regret is no spare funds to buy up on Friday.
Not suprised we are down today as Aussies seem to be a little over cautious. I little gain on the DOW is not enough.
The thing is, too many little gains on the DOW and none on the All Ords will just mean we are excessively under valued and there should eb a strong rebound all of a sudden.
I've worked out some interesting figures. My percentage gain in montery terms is still relatively unchanged for the last month but still well in the green for the year.
BUT the number of shares I hold has increased quite considerably. This has been done without any additional capital outlay and I don,t use any borrowing. It has been a good time to be a conservative bull.