Exits, buys or holds - end of QE2

Acording to Commsec-
ALL ORDINARIES [XAO] 4,546.700 -88.700 -1.9%
S&P/ASX 200 [XJO] 4,479.200 -87.600 -1.9%
S&P/ASX 50 [XFL] 4,464.400 -85.200 -1.9%
 
haha yeah. i said asx 4500. so we are both right :P .

Judging by how Asia performed today, might see another 80-100 points drop in the DJIA. 12000 level doesn't seem to be holding.
 
I sold all my ARD and GDO yesterday. Thanks Hobo and tthace for the tips. Am going to put a little of the profit to top up on CGT. Am a complete rookie when it comes down it.
 
Dwayne said:
hiho said:
tthace said:
I sold as well. Fortunately before the market got this bad. Ubank 6.5% looking very attractive now.

Shares so cheap. Ccu got to a shocking 70c today. Valued at 58c ( based on vector vest which I use as a rough guide)

still not convinced to jump back in yet. Think bernanke will come out with some stimulus but not qe3. Not sure when but hopefully after June.
Election 2012. They have funds till august.

Maybe wait for panic selling?
Energy stocks Looking like good value long term.
Click to expand...

With inflation at >3% and a tax rate on interest at approx 30% that leaves you with 2c in every dollar in your pocket on an annual basis. The cost of living is higher than the underlying inflation rate so I would suggest money in the bank although a nice safe feeling, you are actually going backwards.
Click to expand...

Ok, but if you want some diversification at the moment where is the best place to park your cash temporarily so you're ready to pounce on opportunities as they arise? Bonds? not likely. Shares? Ha. Property? Not liquid, and ha! At 6.5% you're probably about breaking even with inflation and tax, and you're ready to move quickly if something better comes along.
Click to expand...

Dwayne buy real money mate
 
hiho said:
Dwayne said:
[
Ok, but if you want some diversification at the moment where is the best place to park your cash temporarily so you're ready to pounce on opportunities as they arise? Bonds? not likely. Shares? Ha. Property? Not liquid, and ha! At 6.5% you're probably about breaking even with inflation and tax, and you're ready to move quickly if something better comes along.
Click to expand...

Dwayne buy real money mate
Click to expand...

Doing that as well.
 
Thanks all for comments, been a plethora of information. Interesting to see how this sentiment plays out into the wider market over the next 1 week and maybe 4 weeks.

Powder is dry, buys in place and holding metal.

Good luck all.
 
mickjohn said:
Thanks all for comments, been a plethora of information. Interesting to see how this sentiment plays out into the wider market over the next 1 week and maybe 4 weeks.

Powder is dry, buys in place and holding metal.

Good luck all.
Click to expand...
Thanx for the thread everyone good info and opinions no OT :) cheers
 
Did anyone catch Conquest and Catalpa's announced merger?
The announcment is in the Conquest thread - Im excited - crap timing but could be a good future
 
What are peoples thoughts on precious metals shares at the moment? particularly as it looks like gold and silver may have found their bottom? Currently out but am thinking of jumping back into some CGT, AYN, EVG and AZH.
 
euphoria said:
What are peoples thoughts on precious metals shares at the moment? particularly as it looks like gold and silver may have found their bottom? Currently out but am thinking of jumping back into some CGT, AYN, EVG and AZH.
Click to expand...
Next weekend depending on how this week goes I am either going all in for low spot or 1/2 in if not and rest for GFC2... just FYI
 
You must log in or register to reply here.
Back
Top