As a self funded retiree this current share market volatility makes me nervous
Daz
Henry1 said
12:29 PM Oct 8, 2014
Me too dazz49 thats why I have put my super into term deposits untill it works itself out.
clarence said
12:39 PM Oct 8, 2014
me too dazz49, we have minimal in the market, all have lost value but return dividends. the rest is in realestate and banks. I predict a major fall in the market in the next 12 months, possibly down to 3500-4000 before it bottoms out. That will be the time to buy back in. I believe terrorism and disease will have an effect on the world economy.
hope this isnt to gloomy, its bloody hard being a self funded retiree.
vic
marto1944 said
01:14 PM Oct 8, 2014
I think its the time to hold our nerve hopefully we all dont do things that cause us pain in the future I guess we need to be happy we are in the lucky country the press only seems to be happy spreading bad news I guess if we wake up in the morning and are breathing I feel ok I found this great quote I hope it cheers you all up
Money is better than poverty if only for financial reasons
peter
Plendo said
06:06 PM Oct 8, 2014
It is easy and common to have a negative view of the stock market at the moment, but with the poor returns on offer from the banks, the negative outlook (probably -20 to 30%) for property, and teh current poor performance of precious metals where is one to go.
I am a little more positive, as I believe there is a huge amount of money sitting on the side lines, that is going to ave to go somewhere, I reckon it will land up back in the stock market.
Big Gorilla said
07:30 PM Oct 8, 2014
I have a few "BUY" Orders in, but not getting anything to go my way...
peterblack said
07:09 AM Oct 9, 2014
hi all my mum used to say never put all your eggs in one basket and I agree with her idea.
pete
JayDee said
09:06 AM Oct 9, 2014
The old adage to live by in the share market is so true
IT IS TIME IN THE MARKET
not
TIMING THE MARKET.
The market is looking to me like a big BUY signal.
Although the Dow regained it lost ground from yesterday.
One has to seek the better returns and with a large number of solid companies offering around the 5% fully franked dividend. It represents better value than bank interest which is then taxable.
Why pay tax if one does not have to?
There are heaps of reasons to be in the share market v in the bank.
Own the bank and they will pay you 5% tax free. (Approx.)
Jay&Dee
Plendo said
01:32 PM Oct 9, 2014
I am happy with my buys from yesterday.
BTW, discovered an interesting ETF called GEAR, well worth investigating for days like yesterday.
oldbobsbus said
01:54 PM Oct 9, 2014
I have never been one for shares and the money market..
I have always invested in Realestate
WHY
No matter what the market place does you will always have your land
AND
they ain't making any more of it..
aussie_paul said
01:58 PM Oct 9, 2014
oldbobsbus wrote:
I have never been one for shares and the money market..
I have always invested in Realestate
WHY
No matter what the market place does you will always have your land
AND
they ain't making any more of it..
Too true Bob..
Aussie Paul.
dazz49 said
03:49 PM Oct 9, 2014
aussie_paul wrote:
oldbobsbus wrote:
I have never been one for shares and the money market..
I have always invested in Realestate
WHY
No matter what the market place does you will always have your land
AND
they ain't making any more of it..
Too true Bob..
Aussie Paul.
tis pretty hard to eat your land and sometimes takes along time to liquidate. the 4 % stamp duty in SA when buying land is a killer. I have a home unit in my super fund as well which barely clears me 2.5% earning on cap value whereas the share portion earns me around 5% plus franking. I do understand tho that land usually continues to rise whereas shares rise and fall and at times over night. A bad decision by the board can cost you dearly. Imagine investing a mill in Qantas and Elders 5 years ago You would have not too much left and no dividends as well. Shares in the banks seem the securest and riding out the highs and lows
Cheers Daz
Wizardofoz said
04:16 PM Oct 9, 2014
oldbobsbus wrote:
I have never been one for shares and the money market..
I have always invested in Realestate
WHY
No matter what the market place does you will always have your land
AND
they ain't making any more of it..
Not only true but it always increases in value over a period of time, I am glad that I retained my investment properties and didn't sell them on retirement...they are all in Sydney and I am told that they have collectively gone up in price by at least $750,000 in the past 12 months, now that is a terrific worry free asset increase.
-- Edited by Wizardofoz on Thursday 9th of October 2014 04:16:59 PM
Big Gorilla said
04:21 PM Oct 9, 2014
I'm a very conservative share trader, mainly because I don't understand fully how the market works. I do understand Airlines (Really you say !!!) and I've done a lot of buy and sell with Virgin, Qantas and Air New Zealand over several years. I'll share with you the luckiest trade I ever had. Air New Zealand (AIZ) was owned by the Kiwi Govt., and they privatized it and it became listed on the N. Z.and Australian Stock Exchanges. Still is and is one of the most successful airlines in the world today.
When AIZ purchased Ansett, I knew they were in trouble and eventually they had to let Ansett go. AIZ share price dropped to a low of 25 cents and alost went under. I took a punt, believing the Kiwi Govt. would step in and save it. They did. They bought 86%. Most Governments have this ego thing about owning an airline. On 23 October 2001 I purchased a very large parcel at 25 cents. On 26 August 2004 I sold all at $2.82.
I usually trade small and make a few hundred each time, but this time, the one and only time, I won the Lotto. I didn't buy my Red from Aldi that day !!!
My last sell off of AIZ was at $2.03 on 10 June 2014, after buying at $1.12 on March 05, 2013. Currently it's at $1.73 and once it gets to $1.70 I might jump in again.
Keep an eye on Virgin. My Buy order is at 35 cents...
As a self funded retiree this current share market volatility makes me nervous
Daz
Me too dazz49 thats why I have put my super into term deposits untill it works itself out.
hope this isnt to gloomy, its bloody hard being a self funded retiree.
vic
Money is better than poverty if only for financial reasons
peter
It is easy and common to have a negative view of the stock market at the moment, but with the poor returns on offer from the banks, the negative outlook (probably -20 to 30%) for property, and teh current poor performance of precious metals where is one to go.
I am a little more positive, as I believe there is a huge amount of money sitting on the side lines, that is going to ave to go somewhere, I reckon it will land up back in the stock market.
I have a few "BUY" Orders in, but not getting anything to go my way...
pete
IT IS TIME IN THE MARKET
not
TIMING THE MARKET.
The market is looking to me like a big BUY signal.
Although the Dow regained it lost ground from yesterday.
One has to seek the better returns and with a large number of solid companies offering around the 5% fully franked dividend. It represents better value than bank interest which is then taxable.
Why pay tax if one does not have to?
There are heaps of reasons to be in the share market v in the bank.
Own the bank and they will pay you 5% tax free. (Approx.)
Jay&Dee
I am happy with my buys from yesterday.
BTW, discovered an interesting ETF called GEAR, well worth investigating for days like yesterday.
I have never been one for shares and the money market..
I have always invested in Realestate
WHY
No matter what the market place does you will always have your land
AND
they ain't making any more of it..
Too true Bob..
Aussie Paul.
tis pretty hard to eat your land and sometimes takes along time to liquidate. the 4 % stamp duty in SA when buying land is a killer. I have a home unit in my super fund as well which barely clears me 2.5% earning on cap value whereas the share portion earns me around 5% plus franking. I do understand tho that land usually continues to rise whereas shares rise and fall and at times over night. A bad decision by the board can cost you dearly. Imagine investing a mill in Qantas and Elders 5 years ago You would have not too much left and no dividends as well. Shares in the banks seem the securest and riding out the highs and lows
Cheers Daz
Not only true but it always increases in value over a period of time, I am glad that I retained my investment properties and didn't sell them on retirement...they are all in Sydney and I am told that they have collectively gone up in price by at least $750,000 in the past 12 months, now that is a terrific worry free asset increase.
-- Edited by Wizardofoz on Thursday 9th of October 2014 04:16:59 PM
I'm a very conservative share trader, mainly because I don't understand fully how the market works. I do understand Airlines (Really you say !!!) and I've done a lot of buy and sell with Virgin, Qantas and Air New Zealand over several years. I'll share with you the luckiest trade I ever had. Air New Zealand (AIZ) was owned by the Kiwi Govt., and they privatized it and it became listed on the N. Z.and Australian Stock Exchanges. Still is and is one of the most successful airlines in the world today.
When AIZ purchased Ansett, I knew they were in trouble and eventually they had to let Ansett go. AIZ share price dropped to a low of 25 cents and alost went under. I took a punt, believing the Kiwi Govt. would step in and save it. They did. They bought 86%. Most Governments have this ego thing about owning an airline. On 23 October 2001 I purchased a very large parcel at 25 cents. On 26 August 2004 I sold all at $2.82.
I usually trade small and make a few hundred each time, but this time, the one and only time, I won the Lotto. I didn't buy my Red from Aldi that day !!!
My last sell off of AIZ was at $2.03 on 10 June 2014, after buying at $1.12 on March 05, 2013. Currently it's at $1.73 and once it gets to $1.70 I might jump in again.
Keep an eye on Virgin. My Buy order is at 35 cents...