Trumpled (Alternative Leading)

[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.