Its been a black August so far with the current slide in the share market.
Makes it very nervy for us self funded retirees when we see our assets disappear off the screen
Sobs & tears Dazz
marto1944 said
04:28 PM Aug 12, 2015
Hi dazza
Yep it can be frustating at times but don't forget you have seen it before but maybe you did not need to be so concerned as you may not have been retired just keep steady and hold your nerve the markets are very volatile at the moment its all those gamblers in the market at present, remember just a few weeks back Greece was going to collapse the world and all hell was going to break loose but all's well and now and the jurno's cannot create panick any more and guess what they have now struck a deal suprise suprise
peter
Hey Jim said
05:52 PM Aug 12, 2015
Darrell,
Stay calm, Have you had to sell these last week ANSWER No Jim. Good Darrell. then say calm.
On paper yes the " value of your holdings has gone down. Has your income returns gone down? No Jim. Good. Stop worring and enjoy your retirement.
As for the government, They are clutching at thin air for cash. Their resources income from Iron ore is still going south. The resoures companies have uped their production and cut costs = Steady = maintaining a level playing field.
Oil prices Down, = Government bleeding more
Iran ups oil production as sanctions lifted,flooding the world with cheaper oil.
To counter Opec lifts their oil production to a three year high. What can our government do to recover their lossers?
you gessed it. Raise fuel exercise on fuel at the pump.
Till the USA raises interest rates. We will have to just wear it. By late October The USA just might move on their rates and guss what?
Darrell, if you need to sell in this down turn., you only need to sell only to cover your immediate needs not your entire portfilo.
Hey Jim
-- Edited by Hey Jim on Wednesday 12th of August 2015 07:58:42 PM
Woody n Sue said
07:52 PM Aug 12, 2015
This is an interesting subject now please don't think I am not fealing for your plight as a self funded retire as I say well done to you should be more who do this and I think this is where supernuatuon is heading in the future. My super is my farm I'll lease it to someone and that will be my self funding, at least I don't have to worry about people in suites with shiny boots manipulating the value of it.
Don't know what will happen to the career unemployed though.
My bone to pick is with the system of shares in a company they seem to forget who is the most important to them the customer or the shareholder they have to rip off their customers who work in order to give it to someone who does not work! take the Comonwealt bank today 9.1 billion profit, now I have no problem with making a profit but 9.1 Billion really, and looking to sell more shares to raise 4 billion to satisfy some banking rule, which in its self is ok but why didn't they just keep some of the profit instead of giving it to shareholders who do nothing to make money for the bank, at this point you may well be thinking I am one who pays the bank lots in interest and you would be right, and how can you just keep on selling shares ie peices of paper, to raise more money wish I could do that for my farm
And buying and selling shares for someone to make money doing this someone else has to loose money Shorly at some point in time.
I could go on but I won't
I feel better now phew
rockylizard said
08:09 PM Aug 12, 2015
Gday...
Ya spot on Woody n Sue
$50,000 in a term deposit for five years in Cwealth = 2.9%PA
$50,000 in shares in Cwealth = franked dividend of 7.8%PA
Clearly demonstrates where their 'heart' is
And Jim is right ... you only lose money when the share market falls should you sell the shares in your portfolio.
The dividends generated do not (usually) fall in concert with the share price.
A 'balanced' share portfolio will always outperform cash over a 10 year period - despite variations to the share market during that period.
Interestingly, for once property has outperformed the share market over the past 10 years but it usually does not match a balanced share portfolio.
cheers - John
JayDee said
08:55 PM Aug 12, 2015
The share market is the most unpredictable animal on this earth.
But we have seen the highs and lows down through the years. I have vivid memories of the crash 1987, and let's not forget the GFC. around 2008. Was it that long ago???
However there are opportunities out there to buy, Not sure if the market has hit a low as yet. May be still more downside to come.
With interest rates down so low, fully franked blue chip shares are a safe haven for good returns. Franking credit adds a few extra % points.
Ok, the price will go up and down, but you have not lost money until you sell.
But like I always tell people who ask me for advice
" The best advice I can give you, is not to ask me for advice"
There endth the lesson.
Jay&Dee
rockylizard said
09:00 PM Aug 12, 2015
Gday...
Cheers - Johm
dogbox said
09:42 PM Aug 12, 2015
at the mention of cba they have declared a dividend of $2.22 per share. dividend going up bonus cba going to raise money create more shares sell them at $71.00 great i'll buy my lot even if I have to sell some at $82.00 (todays price) bonus
nab has just done same raised $5 billion shares trading $34-35 new shares @ $27 another bonus did you get your shares or did your superfund/managed fund get them
ever ask what your super fund does with all the dividends an why they charge to manage your money
if you live off of a super pension it goes down if the share market tumbles the dividends in most large companies are fairly stable or increase each year cba dividend up 20 cents this year
I put money into super/pension because it was tax effective now i'm drawing it down tax free
$50,000 cba shares 7.8% fully franked +++++ any capital gain
$50,000 term deposit = 2.9%- less tax payable? (you can do better with cba and not lock your money up)
I have no idea what you do to be a self funded retiree but if you buy shares for dividends(fully franked ) the divs stay steady or increase share price fluctuation are irrelevant( money to live on)
if you trade shares this market is brilliant up an down (play money)
property is usually a long term thing and expensive to get into an out of. (4 properties recommended 1 to live in 1 to pay taxes 2 for income )
Its been a black August so far with the current slide in the share market.
Makes it very nervy for us self funded retirees when we see our assets disappear off the screen
Sobs & tears Dazz
Yep it can be frustating at times but don't forget you have seen it before but maybe you did not need to be so concerned as you may not have been retired just keep steady and hold your nerve the markets are very volatile at the moment its all those gamblers in the market at present, remember just a few weeks back Greece was going to collapse the world and all hell was going to break loose but all's well and now and the jurno's cannot create panick any more and guess what they have now struck a deal suprise suprise
peter
Darrell,
Stay calm, Have you had to sell these last week ANSWER No Jim. Good Darrell. then say calm.
On paper yes the " value of your holdings has gone down. Has your income returns gone down? No Jim. Good. Stop worring and enjoy your retirement.
As for the government, They are clutching at thin air for cash. Their resources income from Iron ore is still going south. The resoures companies have uped their production and cut costs = Steady = maintaining a level playing field.
Oil prices Down, = Government bleeding more
Iran ups oil production as sanctions lifted,flooding the world with cheaper oil.
To counter Opec lifts their oil production to a three year high. What can our government do to recover their lossers?
you gessed it. Raise fuel exercise on fuel at the pump.
Till the USA raises interest rates. We will have to just wear it. By late October The USA just might move on their rates and guss what?
Darrell, if you need to sell in this down turn., you only need to sell only to cover your immediate needs not your entire portfilo.
Hey Jim
-- Edited by Hey Jim on Wednesday 12th of August 2015 07:58:42 PM
Don't know what will happen to the career unemployed though.
My bone to pick is with the system of shares in a company they seem to forget who is the most important to them the customer or the shareholder they have to rip off their customers who work in order to give it to someone who does not work! take the Comonwealt bank today 9.1 billion profit, now I have no problem with making a profit but 9.1 Billion really, and looking to sell more shares to raise 4 billion to satisfy some banking rule, which in its self is ok but why didn't they just keep some of the profit instead of giving it to shareholders who do nothing to make money for the bank, at this point you may well be thinking I am one who pays the bank lots in interest and you would be right, and how can you just keep on selling shares ie peices of paper, to raise more money wish I could do that for my farm
And buying and selling shares for someone to make money doing this someone else has to loose money Shorly at some point in time.
I could go on but I won't
I feel better now phew
Gday...
Ya spot on Woody n Sue
$50,000 in a term deposit for five years in Cwealth = 2.9%PA
$50,000 in shares in Cwealth = franked dividend of 7.8%PA
Clearly demonstrates where their 'heart' is
And Jim is right ... you only lose money when the share market falls should you sell the shares in your portfolio.
The dividends generated do not (usually) fall in concert with the share price.
A 'balanced' share portfolio will always outperform cash over a 10 year period - despite variations to the share market during that period.
Interestingly, for once property has outperformed the share market over the past 10 years but it usually does not match a balanced share portfolio.
cheers - John
But we have seen the highs and lows down through the years. I have vivid memories of the crash 1987, and let's not forget the GFC. around 2008. Was it that long ago???
However there are opportunities out there to buy, Not sure if the market has hit a low as yet. May be still more downside to come.
With interest rates down so low, fully franked blue chip shares are a safe haven for good returns. Franking credit adds a few extra % points.
Ok, the price will go up and down, but you have not lost money until you sell.
But like I always tell people who ask me for advice
" The best advice I can give you, is not to ask me for advice"
There endth the lesson.
Jay&Dee
Gday...
Cheers - Johm
nab has just done same raised $5 billion shares trading $34-35 new shares @ $27 another bonus did you get your shares or did your superfund/managed fund get them
ever ask what your super fund does with all the dividends an why they charge to manage your money
if you live off of a super pension it goes down if the share market tumbles the dividends in most large companies are fairly stable or increase each year cba dividend up 20 cents this year
I put money into super/pension because it was tax effective now i'm drawing it down tax free
$50,000 cba shares 7.8% fully franked +++++ any capital gain
$50,000 term deposit = 2.9%- less tax payable? (you can do better with cba and not lock your money up)
I have no idea what you do to be a self funded retiree but if you buy shares for dividends(fully franked ) the divs stay steady or increase share price fluctuation are irrelevant( money to live on)
if you trade shares this market is brilliant up an down (play money)
property is usually a long term thing and expensive to get into an out of. (4 properties recommended 1 to live in 1 to pay taxes 2 for income )