Trumpled (Alternative Leading)

[PaulP]

Sam is missing the footy show and struggling without the attention, not sure if he actually says the stuff he says
with malice, its more about him being in the headlines again and trying to stay relevant. Think he needs a hobby....

Hmm, I think it's more of a case of a leopard never changing his spots - granted I never watched it, but I'll confidently assert he was as big a knob head back when the show was on.

[DJC]

Sam once had a motor vehicle accident with a car driven by my now late brother in law, Jim.  Sam leapt out of his car and stormed towards Jim's car.  Jim was a decent size, say 185cm and 95kg, but relatively small compared to Sam.  Jim got out of his car and Sam turned and ran back to his car, locked the doors and refused to get out.

He's a malevolent bully with attitudes that would fit right in with the worst of the Dark Ages raiders.

[Thryleon]

I bought some more banking stocks while they were cheap and also some Magellan.
Did invest in some  IT with Dicker Data which I owned already and had a nibble at some Sydney Airport which I preferred to picking a individual travel stock. Not a fan of cyclicals like Oil, Iron ore etc but did add to a few other positions like utilities, REITS while they were cheap. I'm looking more for reliable dividends than growth stocks these days...

There have been some solid companies way oversold and some dogs the other way.

For the most part I've gone for solid blue chip companies that have a history of paying dividends.  Some health, a staple, some materials,  solid companies.  Household names the lot, and even some that manufacture plasterboard and property.

At one point i was getting nervous because some of them are underperformed, but this is my 20 year retirement plan and im going to compound interest off dividends along the way. 

[bratblue]

After losing over 100k during the big fall I rejigged and sold off some and went heavily with those that pay fully franked dividends and are solid long term, one bank and mining then some funds. I find my broker fairly useless now and shy away from anything he recommends. lol Fortescue, who he told me to avoid, have been brilliant and I get over 100% return per year from my original investment.

[ElwoodBlues1]

There have been some solid companies way oversold and some dogs the other way.

For the most part I've gone for solid blue chip companies that have a history of paying dividends.  Some health, a staple, some materials,  solid companies.  Household names the lot, and even some that manufacture plasterboard and property.

At one point i was getting nervous because some of them are underperformed, but this is my 20 year retirement plan and im going to compound interest off dividends along the way. 

I'm heavily in the Blue Chips, Utilities, Reits/trusts, supermarkets and the big LIC's and ETF's, still keeping a good portion of cash as well not that you get much in the banks these days but I sleep better than being 100% in stocks.

[bratblue]

I'm heavily in the Blue Chips, Utilities, Reits/trusts, supermarkets and the big LIC's and ETF's, still keeping a good portion of cash as well not that you get much in the banks these days but I sleep better than being 100% in stocks.

I think you need about two years of spending in cash so you can ride out the inevitable storms.  It crossed my mind to sell everything before it hit the fan here but because of that buffer I decided not to..  Whilst I've recovered most of the losses there were some real bargains at the height of the storm.

The sharemarket is gambling and highly capitalist which would have made my leftist uni self disown  or even shoot me. lol

[LP]

The sharemarket is gambling and highly capitalist which would have made my leftist uni self disown  or even shoot me. lol

You don't have to be left, you just have to be honest and observant to understand the impact of investments. I've had so many opportunities to build a fortune that have been scuppered by social morality that I dread reviewing the history. If you are happy to be a bastard you can make crap loads, but it always comes at somebody or somethings expense. My biggest "miss" was refusing to buy shares at $0.01 each when Rupert wanted to make a takeover of the company I worked for. They basically gifted shares to the employees of the company and asked them not to sell, thinking the price would be too high for Rupert to buy enough of them, but it wasn't and he bought them at $16.50 to gain control. I've several former work-mates who became multimillionaires overnight from that one deal. The price was, thousands of unskilled workers ended up redundant losing their jobs, replaced by automation.

[bratblue]

Jerry Rubin became a stockbroker and got runover jaywalking.  I've still got a copy of Steal this Book.

[Thryleon]

I'm heavily in the Blue Chips, Utilities, Reits/trusts, supermarkets and the big LIC's and ETF's, still keeping a good portion of cash as well not that you get much in the banks these days but I sleep better than being 100% in stocks.

Agree. 

I could have put more in, but I thought, best not to in case it all goes to hell in a handbag.  If COVID was as bad as they first said, my initial strategy would have seen me lose a fair amount of that initial investment but I was prepared to double down to average down the purchase price on each stock in case the recovery was short lived, or COVID protracted.

FWIW, this week has been the first real sign of recovery, but I think there are heaps of headwinds ahead, and scope for that to change once the share market works out that even if the vaccine were ready to administer today, it would take almost a year to vaccinate enough of the worlds population to provide the required amount to resume normality in earnest.

The fact that we are still in a testing phase, they need to manufacture it to a level where it can be administered.  IMHO, best case scenario sees at least another 12 months of restrictions to normality.

Markets are optimistic and forward looking though.  If I didnt have capital gains tax to consider plus larger long term gains to think about, I would likely take profits and buy back in once the market inevitably realises we have a long way to go by then though, its hard to know just how high things will lift.

[DJC]

The POTUS is implementing his scorched earth strategy as a final gift to the American people.  He is lower than sharksh1t ?