Down 3 per cent, remains well above the low point a decade ago, far above.
boab said
04:37 PM Aug 15, 2019
only a few weeks ago the market reached a new record high and is still about 19% up on this time last year if you cant afford to lose best not gamble
JayDee said
05:20 PM Aug 15, 2019
boab wrote:
only a few weeks ago the market reached a new record high and is still about 19% up on this time last year if you cant afford to lose best not gamble
So true Boab.
Yes June & July were great months for the market. But like all markets of any sort one has to be prepared to ride the highs and hold on for the lows.
Yes!!!! even today or tomorrow were are still well ahead of the 2008/2009 G.F.C. And of course if you can not handle the heat in the kitchen, then best you should not have entered the sharemarket.
But with the dividends of the top stocks returning around 5% or better plus franking credits, it sure beat the hell out of haggling to get a lousy 1.5% from the financial institutes.
And there is talk that the Reserve Bank may drop interest rates yet another 25 points next month.
Like I have said previously .... if anyone asks me for info and advice on the share market.
I am proud to tell them.... that the best advice I can give you is to
NOT ASK ME FOR ADVICE.
Jay&Dee
montie said
06:07 PM Aug 15, 2019
Property market in Melb and Sydney recently took a hit of around 10%.....plenty of media doom and gloom.
Both cities had a 75% increase in the past 6 years!
They had a small correction!
Share market has been tracking well over the last couple of years.....just another small correction.
Aus-Kiwi said
10:52 PM Aug 15, 2019
Companies here thought the ( elect ) result would be different to out come . It dipped back then too .
Olive Oil said
05:29 AM Aug 16, 2019
montie wrote:
Property market in Melb and Sydney recently took a hit of around 10%.....plenty of media doom and gloom. Both cities had a 75% increase in the past 6 years! They had a small correction!
We bought our beach side house south of Melbourne back in 1974 for $36,500.
We keep knocking back offers of around $1,200,000, we'll never sell it, absolutely no interest in living in a caravan.
Not a bad investment though & a good inheritance for our Son & Daughter when we're gone.
Whenarewethere said
09:22 AM Aug 16, 2019
We bought a unit in 89 at 17%. Paid it off as fast as we could living off stale bread & tap water for years. Never selling as we like living in bricks & morter. Need a base to upgrade things anyway. Like traveling but it's nice to get home!
Knight said
10:01 AM Aug 16, 2019
Financial advisor Switzer commented on Sky last night that the chance of recession at this time is very low, not impossible, but unlikely.
Stock market corrections take place every now and then, investors who have no interest in speculation and who are satisfied with their investments should sit tight.
-- Edited by Knight on Friday 16th of August 2019 10:01:43 AM
Whenarewethere said
10:39 AM Aug 16, 2019
Did he factor in the bond market.
JayDee said
04:15 PM Aug 16, 2019
Would I be right in saying that, yours and our investments would be very very insufficient when compared to the big Institutions who would have a strong hold on how the market performs.
Anyway we are happy happy to get our next CBA dividend next month.
Jay&Dee
Knight said
04:23 PM Aug 16, 2019
JayDee wrote:
Would I be right in saying that, yours and our investments would be very very insufficient when compared to the big Institutions who would have a strong hold on how the market performs.
Anyway we are happy happy to get our next CBA dividend next month.
Jay&Dee
The Australian Futures Fund continues to deliver returns on investments averaging 10 per cent per year.
Over a hundred years despite rises and falls the stock market has averaged 7 per cent per year.
And yes, it is a form of gambling, like horse racing and studying the form guide.
Olive Oil said
06:51 AM Aug 17, 2019
If you're not greedy & put your money in conservative low interest places financial crisis events don't worry you.
Earn big, be prepared to lose big.
A big noting member of our family lost $250,000 in the GFC.
-- Edited by Olive Oil on Saturday 17th of August 2019 06:56:25 AM
Aus-Kiwi said
12:35 PM Aug 17, 2019
Its only a loss if you take it out also . We had shares in company that went bad .( Hanover) Was taken over . We recovered eventually. One thing I like about bricks and mortar . I cannot be easily
taken off you . Trust me I know how easy it is to lose in
Your bank !! Some cant help themselves !
Well really I have not lost a cent due to the current huge drop in the Australian Share market.
Just the value of the portfolio has taken a hit.
Only loose $$$$ if one sells. And now is not the time to sell.
Fully franked dividends will still flow as normal.
ASX or any sharemarket is the most unpredictable institution on mother earth.
Is it time to buy???
Who knows,??? I think there will be more blood on the floor in the days and weeks ahead.
These are indeed uncertain times.
If only there was a crystal ball.
Jay&Dee
So true Boab.
Yes June & July were great months for the market. But like all markets of any sort one has to be prepared to ride the highs and hold on for the lows.
Yes!!!! even today or tomorrow were are still well ahead of the 2008/2009 G.F.C. And of course if you can not handle the heat in the kitchen, then best you should not have entered the sharemarket.
But with the dividends of the top stocks returning around 5% or better plus franking credits, it sure beat the hell out of haggling to get a lousy 1.5% from the financial institutes.
And there is talk that the Reserve Bank may drop interest rates yet another 25 points next month.
Like I have said previously .... if anyone asks me for info and advice on the share market.
I am proud to tell them.... that the best advice I can give you is to
NOT ASK ME FOR ADVICE.
Jay&Dee
Both cities had a 75% increase in the past 6 years!
They had a small correction!
Share market has been tracking well over the last couple of years.....just another small correction.
We bought our beach side house south of Melbourne back in 1974 for $36,500.
We keep knocking back offers of around $1,200,000, we'll never sell it, absolutely no interest in living in a caravan.
Not a bad investment though & a good inheritance for our Son & Daughter when we're gone.
We bought a unit in 89 at 17%. Paid it off as fast as we could living off stale bread & tap water for years. Never selling as we like living in bricks & morter. Need a base to upgrade things anyway. Like traveling but it's nice to get home!
Financial advisor Switzer commented on Sky last night that the chance of recession at this time is very low, not impossible, but unlikely.
Stock market corrections take place every now and then, investors who have no interest in speculation and who are satisfied with their investments should sit tight.
-- Edited by Knight on Friday 16th of August 2019 10:01:43 AM
Did he factor in the bond market.
Would I be right in saying that, yours and our investments would be very very insufficient when compared to the big Institutions who would have a strong hold on how the market performs.
Anyway we are happy happy to get our next CBA dividend next month.
Jay&Dee
The Australian Futures Fund continues to deliver returns on investments averaging 10 per cent per year.
Over a hundred years despite rises and falls the stock market has averaged 7 per cent per year.
And yes, it is a form of gambling, like horse racing and studying the form guide.
If you're not greedy & put your money in conservative low interest places financial crisis events don't worry you.
Earn big, be prepared to lose big.
A big noting member of our family lost $250,000 in the GFC.
-- Edited by Olive Oil on Saturday 17th of August 2019 06:56:25 AM
taken off you . Trust me I know how easy it is to lose in
Your bank !! Some cant help themselves !