I am in circa 29.30 one for the bottom draw.
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They will probably get dumped on close now
Markets moved more in the last couple of months than last year
6,000
As I am fast nearing break even point for BHP and WOW, I am nervously looking at the current bull market wondering whether I should be selling out simply because I have been waiting for some months for the break even moment. There is a nervousness that the bull market can stop and then drop precipitously at any time and then I would regret not reclaiming my capital. On the other hand, I am, in a small way, hoping for some profit and as I do not need the cash, feel that I may as well hang on until some profit is made. So there is more nervousness now on a daily basis than when the entire portfolio was down 20%.
It's the weekend, markets are closed and humour is required
I always ask my self that question, in which situation will I feel worse? It has helped me over the years.
Once held a stock which was predicted to rise to $12.00 (bout at IPO at $0.20), so when it rose to $6.00 (30 times in value) I asked the question? And guess what, I was so glad I sold out, it took over 1 month, so volumes and price would not be compromised, it was a prospecting small company, the mine did not come into fruition, not even sure if it exists now, probably does exist in cents now?
So ask yourself that question, it may help, right?
I know I am so glad I sold at $6-$5, rather than be greedy and make future $12, when in fact the price is negligible now.... I think capital protection is number one rule, as you point out, waiting out for the recovery can be long and painful....at least the money you take out can be reinvested otherwise no money no reinvestment, right?
I think someone once mentioned people loose money in property because of two major things, greed and fear, and from experience I do understand what they mean now...same can be applied to any investment asset I think.
So learn on your mistakes..... under what situation will you feel worse, missing out on the extra gain, or making the extra loss or loss of the time?
Hi All
Am looking at parking my money/profits into some high yielding shares, purely looking at income.
Have been told that the market is too high at the moment, happy to sit and watch. Would be interested in comments on those who are also buying for yield.
I was told that some property listed funds are returning as much as 9%. Very attractive.
I will be drip feeding around $700K, and would like to generate 8% is this possible? BTW have not been researching shares for years, so I will start to research further but this is a starting point.
Any help would be appreciated.
Cheers
MTR
If there is one thing you don't want to be behind, it's an ape ball. That's for sure .
Ok the original thread..back to high yields, perhaps I was a tad ambitious at 8 percent, realistically 6 percent fully franked?
Ok the original thread..back to high yields, perhaps I was a tad ambitious at 8 percent, realistically 6 percent fully franked?
Is yield everything though, check out the high yielding stocks on the list here ?
Re: Hedging and Index Funds
In Dan Bortolotti's book, Guide to the Perfect Portfolio, he outlined the true cost of hedging when comparing a U.S.-listed S&P 500 ETF to a currency-hedged S&P 500 fund. In theory, their returns, in local currencies, should be the same, but they're not even close. The currency hedging costs the hedged fund between 1 per cent and 3.5 per cent every year.
According to Raymond Kerz'rho, a director of research at PWL Capital, currency-hedged funds are burdened with high internal costs that drag down results.