Kikapu wrote:Paphitis wrote:Kikapu wrote:Paphitis wrote:Kikapu wrote:Paphitis wrote:Oh and as for our businesses. The ASX is soaring to record highs.
Global stock markets have all been soaring lately.
I know. I got 2 thirds of my super heavily invested into the Dow and NASDAQ and it’s kicking some serious ass! The other third in ASX300 and that’s like up 15%.
It’s hauling ass actually,
I couldn’t even care less if there was a crash around the corner. I’ll just buy more and leverage my unit cost price down.
Trump made me some serious money. Legend!
But didn’t Trump claim before the election that should Biden win, the stock market would crash and people’s investments and pensions would be destroyed?
Would you say he was just talking BS as always?
Don’t temp fate please. Everything trump says has a habit of coming into fruition so please don’t spook a good thing.
Trump is still in office.
I know a fair bit about sticks and have been scolded even because at one point I was playing with penny stocks but learned to stick to the blue chips. And one thing you can always guarantee, is that after a big rise, a fall will always follow abd after a big fall an even bigger rise will follow again,
Yes, the market is a roller coaster ride and there are no guarantees, however, despite COVID and the initial fall in the market early in the year, it has been a winning bet and Trump was wrong with his claims should Biden win.
No one can predict what the markets can do and there is no wrong or right answer to it. There are some theories and there is a rough scientific analysis like PE ratios but it’s an unpredictable beast.
The only guarantee is this. It has remained true for a 100 years.
If you invest $100 today, then in 45 years (a working life) that $100 should double every 7 years and will suffer and endure an average of 3 collapses.
I’ve witnessed 2 in my lifetime. It use to scare me but it doesn’t anymore.
My care factor is zero. Even if I lose a lot of money on paper. I’m not like some Cypriots who cried for 10 years after the Cy Index collapse and never went back in because they have no clue what they are doing. In Australia, virtually every citizen is exposed to stocks and so we have learned to keep an eye on it and monitor the indices and there is a very clear pattern over time and collapses are just part of the pattern and life cycle of the markets. Good opportunities they are as well to make money but the dumb arses are short sighted and stress out because the market collapsed by 20%.
Within a week, markets always start clawing back as the big money starts to flood back in by the experts who are smart enough to leverage and buy when it’s cheap,
