Todays the day to buy

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  • paulybronco
    paulybronco
    4 years ago
    If you have a few $ under the mattress today gents is your day to make a few bucks on the stock market. On the other side of the coin if you have some super try not to look at the balance today. Going to be a bloodbath....thanks China for the Corona Virus
  • speedzter
    speedzter
    4 years ago
    I would leave it for a day or two, just to get a feel if it has bottomed out.
    Lucky that super has had a bumper year, so we can handle a loss and still be in front.
  • paulybronco
    paulybronco
    4 years ago
    Quoting speedzter on 24 Feb 2020 09:27 PM

    I would leave it for a day or two, just to get a feel if it has bottomed out.

    Lucky that super has had a bumper year, so we can handle a loss and still be in front.

    Yesterday was the worst single day loss for the last three months. Your totally correct that this comes on the back of record highs, but they were all lost yesterday during trade. The dow lost 1031 points this morning meaning we will open very low. 
  • mickle
    mickle
    4 years ago
    Quoting paulybronco on 24 Feb 2020 09:07 PM

    If you have a few $ under the mattress today gents is your day to make a few bucks on the stock market. On the other side of the coin if you have some super try not to look at the balance today. Going to be a bloodbath....thanks China for the Corona Virus

    I transferred 30k into super just a week ago, oh well just as well I don't need it for a few years yet.
  • paulybronco
    paulybronco
    4 years ago
    Quoting paulybronco on 24 Feb 2020 09:07 PM

    If you have a few $ under the mattress today gents is your day to make a few bucks on the stock market. On the other side of the coin if you have some super try not to look at the balance today. Going to be a bloodbath....thanks China for the Corona Virus

    Quoting mickle on 24 Feb 2020 11:02 PM

    I transferred 30k into super just a week ago, oh well just as well I don't need it for a few years yet.

    Goes up and down mate....
  • Soapbox2627
    Soapbox2627
    4 years ago
    Quoting paulybronco on 24 Feb 2020 09:07 PM

    If you have a few $ under the mattress today gents is your day to make a few bucks on the stock market. On the other side of the coin if you have some super try not to look at the balance today. Going to be a bloodbath....thanks China for the Corona Virus

    Quoting mickle on 24 Feb 2020 11:02 PM

    I transferred 30k into super just a week ago, oh well just as well I don't need it for a few years yet.

    Are you working till 70 Mickle?
  • RossW
    RossW
    4 years ago
    You'll only lose money if you sell while it's down. It will all go back up again, and in the meantime my super payments get more bang for buck while the market is low.
  • wello
    wello
    4 years ago
    Quoting paulybronco on 24 Feb 2020 09:07 PM

    If you have a few $ under the mattress today gents is your day to make a few bucks on the stock market. On the other side of the coin if you have some super try not to look at the balance today. Going to be a bloodbath....thanks China for the Corona Virus

    Quoting mickle on 24 Feb 2020 11:02 PM

    I transferred 30k into super just a week ago, oh well just as well I don't need it for a few years yet.

    wasnt aware u could just do that ! .. thought 25k was the annual limit unless u pay the extra tax on it
  • wello
    wello
    4 years ago
    never been in to shares as such but would mind a bit of a dabble .... i put some into that crypto crap and that went down like a lead balloon ( still in it ..just ).
    what would be a good starter ?

  • mickle
    mickle
    4 years ago
    Quoting paulybronco on 24 Feb 2020 09:07 PM

    If you have a few $ under the mattress today gents is your day to make a few bucks on the stock market. On the other side of the coin if you have some super try not to look at the balance today. Going to be a bloodbath....thanks China for the Corona Virus

    Quoting mickle on 24 Feb 2020 11:02 PM

    I transferred 30k into super just a week ago, oh well just as well I don't need it for a few years yet.

    Quoting wello on 25 Feb 2020 12:35 AM

    wasnt aware u could just do that ! .. thought 25k was the annual limit unless u pay the extra tax on it

    Paid into my wife's super, she has retired already so we can take it back out if/when required without penalty.
  • mickle
    mickle
    4 years ago
    Quoting paulybronco on 24 Feb 2020 09:07 PM

    If you have a few $ under the mattress today gents is your day to make a few bucks on the stock market. On the other side of the coin if you have some super try not to look at the balance today. Going to be a bloodbath....thanks China for the Corona Virus

    Quoting mickle on 24 Feb 2020 11:02 PM

    I transferred 30k into super just a week ago, oh well just as well I don't need it for a few years yet.

    Quoting Soapbox2627 on 24 Feb 2020 11:57 PM

    Are you working till 70 Mickle?

    If they keep paying me to do what I do.
  • paulybronco
    paulybronco
    4 years ago
    Quoting RossW on 25 Feb 2020 12:35 AM

    You'll only lose money if you sell while it's down. It will all go back up again, and in the meantime my super payments get more bang for buck while the market is low.

    Hows that possible....?
  • paulybronco
    paulybronco
    4 years ago
    Quoting mickle on 24 Feb 2020 11:02 PM

    I transferred 30k into super just a week ago, oh well just as well I don't need it for a few years yet.

    Quoting wello on 25 Feb 2020 12:35 AM

    wasnt aware u could just do that ! .. thought 25k was the annual limit unless u pay the extra tax on it

    Quoting mickle on 25 Feb 2020 02:12 AM

    Paid into my wife's super, she has retired already so we can take it back out if/when required without penalty.

    You sure Mickle...?
  • paulybronco
    paulybronco
    4 years ago
    The market has recovered a bit from this morning....seems like the bulls are buying at a cheap price
  • mickle
    mickle
    4 years ago
    Quoting wello on 25 Feb 2020 12:35 AM

    wasnt aware u could just do that ! .. thought 25k was the annual limit unless u pay the extra tax on it

    Quoting mickle on 25 Feb 2020 02:12 AM

    Paid into my wife's super, she has retired already so we can take it back out if/when required without penalty.

    Quoting paulybronco on 25 Feb 2020 02:51 AM

    You sure Mickle...?

    Yes mate, she was born in 1960 so tax free now, I take a bit here and there if need be. 
  • paulybronco
    paulybronco
    4 years ago
    Quoting mickle on 25 Feb 2020 02:12 AM

    Paid into my wife's super, she has retired already so we can take it back out if/when required without penalty.

    Quoting paulybronco on 25 Feb 2020 02:51 AM

    You sure Mickle...?

    Quoting mickle on 25 Feb 2020 08:28 AM

    Yes mate, she was born in 1960 so tax free now, I take a bit here and there if need be. 

    PM SENT
  • Baloffski
    Baloffski
    4 years ago
    The plans of 'mice and men'. Now where the fuck did that saying come from?
    I packaged out in 2014, with a very nice stipend ( being the adjective, 'allowance' after near 30 years service to the one company, witha year of long servitude thrown in, plus monies for every year service, plus blah blah.
    I've been taking 100 K a year out of my super for the last 5 years
    I'm now near broke. Fuck that went quick, but thats life. Shoulda inveasted in a new body as i have to work till I drop. Matter a fact if I new I was going to live this long I woulda looked after myself better.
    I'm sure your aware it can become a 'bad habit' when you stop working. having a plan is the idea, I had very bad financial direction given to me. 
    Fuckit is only money.
    Who can realiably predict the direction of the market, super schemes have been flowing well for a few years now. But...

  • Ratbob
    Ratbob
    4 years ago
    Quoting RossW on 25 Feb 2020 12:35 AM

    You'll only lose money if you sell while it's down. It will all go back up again, and in the meantime my super payments get more bang for buck while the market is low.

    That ain’t necessarily so. 
    Your Super can have negative returns where your balance goes down to the extent you have less than your opening balance and in retirement (like me) that can impact your income.
    With shares (well the right ones) the capital value of the shares may drop but you still receive your dividend (income). So for my worst performing shares in terms of capital value, ie they’ve dropped the most, I’m still receiving an average of 8.04% return on my original investment it never goes negative as it can with Super. It only hurts if you have to sell the shares when they’re low. 
    Nothing’s perfect so yeah, confess I use Super but I reckon holding a mix of investments is best.
    Just don’t buy shares as a short term investment.
    Oh yeah, when shares go down, so do most Super balances.
  • paulybronco
    paulybronco
    4 years ago
    Quoting RossW on 25 Feb 2020 12:35 AM

    You'll only lose money if you sell while it's down. It will all go back up again, and in the meantime my super payments get more bang for buck while the market is low.

    Quoting Ratbob on 25 Feb 2020 11:43 PMedited: 25 Feb 2020 11:44 PM

    That ain’t necessarily so. 

    Your Super can have negative returns where your balance goes down to the extent you have less than your opening balance and in retirement (like me) that can impact your income.
    With shares (well the right ones) the capital value of the shares may drop but you still receive your dividend (income). So for my worst performing shares in terms of capital value, ie they’ve dropped the most, I’m still receiving an average of 8.04% return on my original investment it never goes negative as it can with Super. It only hurts if you have to sell the shares when they’re low. 
    Nothing’s perfect so yeah, confess I use Super but I reckon holding a mix of investments is best.
    Just don’t buy shares as a short term investment.
    Oh yeah, when shares go down, so do most Super balances.

    Your spot on . Not sure how Ross thinks his money goes up when the market crashes...
  • Ratbob
    Ratbob
    4 years ago
    Quoting RossW on 25 Feb 2020 12:35 AM

    You'll only lose money if you sell while it's down. It will all go back up again, and in the meantime my super payments get more bang for buck while the market is low.

    Quoting Ratbob on 25 Feb 2020 11:43 PMedited: 25 Feb 2020 11:44 PM

    That ain’t necessarily so. 

    Your Super can have negative returns where your balance goes down to the extent you have less than your opening balance and in retirement (like me) that can impact your income.
    With shares (well the right ones) the capital value of the shares may drop but you still receive your dividend (income). So for my worst performing shares in terms of capital value, ie they’ve dropped the most, I’m still receiving an average of 8.04% return on my original investment it never goes negative as it can with Super. It only hurts if you have to sell the shares when they’re low. 
    Nothing’s perfect so yeah, confess I use Super but I reckon holding a mix of investments is best.
    Just don’t buy shares as a short term investment.
    Oh yeah, when shares go down, so do most Super balances.

    Quoting paulybronco on 26 Feb 2020 05:19 AM

    Your spot on . Not sure how Ross thinks his money goes up when the market crashes...

    Yeah, I guess Ross could have an investment option that doesn't include exposure to shares, but these seem to give only a 3% or so return, still beats cash.
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