Fred wrote: ↑Thu Mar 26, 2020 12:16 am
Who else is down a pretty penny? I don’t need to sell so am fine but just spewing I invested a substantial amount in an etf two weeks prior to the arse dropping out of the stock market as could have got a lot more if had of waited. Question is do if invest more now ... got some bhp last week and up 2.50 on the share price ... or keep it in cash. Tempting to buy up big ... Wesfarmers, Coles, Woolworths are all bargains right now I reckon and a good way to diversify .... all blue chip. Also the banks are dirt cheap with NAB around 15 dollars (bought at 28) so a good chance to average out. Still... it’s about how much do you risk as it still a gamble.
im down a chunk my main etc is the ndq, but it had held up well considering how others have preformed, I recently put a bit in to an etf bboz an elf designed to short the market for a bit of fun https://www.betashares.com.au/fund/aust ... bear-fund/
I sold the Bboz after the novelty wore off, and that china is now back in full swing so am hoping the worst has hit but maybe wait a touch longer. even if the markets go a bit lower you'll have some really good buys if your plan is to gold long term..IMO westfarmers are a brilliant company Bunnings and fertliser, the banks are looking cheap, but with the market cap how much larger can they grow, especially after finding out they do have a heart after all and helping small business and home owners.
ive got some investment properties, set up all with different banks and already received phone calls from the banks, 2 of the major 4 and a 2nd tier regarding options and services if financial hardship was to take place