I cant talk for you, I just have never needed to sell - or more to the point I am not investing to get a capital gain I am investing to get a yield above bank interest with the benefit of franking credits
Perhaps it is because I am not a panic merchant doomsayer, but when prices rise above my holding cost I don't care, when they fall below I see the opportunity to add to my holding and average down.
Funny thing is though, the longer I hold a stock, the less opportunity I seem to get to buy and average down.....
It is almost like long term investing is a long term investment strategy...
Now your needs may vary from mine (my income covers my needs so I don't speculate for rent costs like Dimbo) but not selling works well for me, as does collecting dividends and rents.
And I don't speculate on the edges hoping for a shining light. I don't touch speculative miners (and I include Fortescue, Atlas etc etc in that list), one trick ponies (like the former) or those linked to volatile commodities solely.
So to your question you should buy when you can afford to and want to and should sell never or when you have to.
Early in 1907, Schiff warned in a speech to the New York Chamber of Commerce that "unless we have a central bank with adequate control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history".
be greedy when people are fearful, and fearful when people are greedy.
2007 was a crazy time hopefully never to be repeated.
Right now the markets do not resemble those in 2007. Interest rates are lower, wage growth is lower, inflation is lower, people are saving more and getting ahead instead of borrowing more and hoping for the best. the lessons of 2007 are fresh in the nations mind.
hidflect
29 Sep 2015, 11:00 PM
ignore the pundits
that sums it up.
Bears here know fuck all. They are holding a dollar hoping for a crash to turn it into 10. The hypocrisy is delicious.
I cant talk for you, I just have never needed to sell - or more to the point I am not investing to get a capital gain I am investing to get a yield above bank interest with the benefit of franking credits
Perhaps it is because I am not a panic merchant doomsayer, but when prices rise above my holding cost I don't care, when they fall below I see the opportunity to add to my holding and average down.
Funny thing is though, the longer I hold a stock, the less opportunity I seem to get to buy and average down.....
It is almost like long term investing is a long term investment strategy...
Now your needs may vary from mine (my income covers my needs so I don't speculate for rent costs like Dimbo) but not selling works well for me, as does collecting dividends and rents.
And I don't speculate on the edges hoping for a shining light. I don't touch speculative miners (and I include Fortescue, Atlas etc etc in that list), one trick ponies (like the former) or those linked to volatile commodities solely.
So to your question you should buy when you can afford to and want to and should sell never or when you have to.
That good enough for you? be greedy when people are fearful, and fearful when people are greedy.
2007 was a crazy time hopefully never to be repeated.
Right now the markets do not resemble those in 2007. Interest rates are lower, wage growth is lower, inflation is lower, people are saving more and getting ahead instead of borrowing more and hoping for the best. the lessons of 2007 are fresh in the nations mind. that sums it up.
Bears here know fuck all. They are holding a dollar hoping for a crash to turn it into 10. The hypocrisy is delicious.
Hmm... I would be interested to know some of the companies you have invested in then... most sectors have taken a hit, the companies that seem to have done well are not the ones I actually expected to do so considering the situation our economy is in.
Who's calling a big bounce at open today? Anyone trading this volatiliy?
Up and down, up and down like a whore's drawers. But each time a bit more down than up.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Hmm... I would be interested to know some of the companies you have invested in then... most sectors have taken a hit, the companies that seem to have done well are not the ones I actually expected to do so considering the situation our economy is in.
CBA, ANZ, CSL, TFC, TLS, SCG and SGH are all significantly higher today than my holding cost, 4 of them by over 300%. CSL are up by a multiplier of 10x on my buy price.
That is some of them.
My only hope for my three boys is that they turn out nothing at all like Chris.
Buy the dippers feeling bold today. Up today Monday 5150 from last week's low of 4930.
Those who failed to get out at 5900 sensing some selling opportunity to finally cash out and minimise losses I think.
The tax system traps them like it traps them in residential property. Yes yes you're a millionare, as long as you leave it there or roll it into your super. Take it out of the casino and you pay the cgt. Just as well though, someone has to pay for the millions of people who opted out of the daily grind to live on the various welfare schemes.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Could be the start of the next bull run/trap cycle.
Tempted to buy in, but can't see Australia moving in congruence with US this time. Our fundamentals are so out of whack. We don't have reserve currency status that US has.
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