Thread: share market crash

Originally Posted by DeeJay

This was coming like a slow train. Only peoples greed kept the market going. I got 80K + capital growth on my super last year and went conservative (70% cash) in November, sure, it was hard to pass over 20% plus growth, but, to me, this was going to happen for sure. I actually thought it would be later in 2008.

Likewise - I played safe and moved one pension entirely to cash funds, and the other into a wider and less risky mix, and that only took a bit of a hit yesterday...mainly on the UK based high risk fund I left alone. Probably a damn good time to buy back into a few now though....

I'm also bloody glad I chose one pension provider that lets me manage and switch funds under the umbrella online....

Originally Posted by p38arover

Sometimes I wonder if having a financial adviser who always gets his share of my money is paying off.

Some (many) "Financial Advisers" are people with little or no knowledge, selling investments to earn a commision. These are the ones to stay well away from.

I hope yours is better than that.

Originally Posted by Captain_Rightfoot

Firstly, I applaud you for investing!

Just one point.. property has crashes too. Its just been a while now and everyone has forgotten. Never in history has there been a property boom without a "correction" afterwards.

Believe me... people do get burnt in property...

Thanks for your applause .

I have no doubt, but I don't buy only for capital growth. I am interested in rental return. As far as I am concerned, an increase in property prices is good, as rents follow. If prices are lower, then I can afford more and get more rent that way.

I think it is important to balance debt vs equity.

Originally Posted by p38arover

Sometimes I wonder if having a financial adviser who always gets his share of my money is paying off.

If it makes you feel any better, my advisor- who I chose to ignore occasionally, as he is a brother in law, tells me other financial advisors are hurting badly too.

Now 23/1/2008.
It was all B/S.
Looks to me to be a massive con by Hedge Funds to take advantage of gullibility and sell short in World markets because Wall St was closed.
Wall st closed only about 1.5% down.
ASX up 5% plus so far.

What a mob of idiots the investment community are.
And THEY lecture we small investors about how their " Professional approach" ensures that they get best returns BLAH BLAH BLAH
Regard sPhilip A

Crikey! Just be glad you mob have the money to fool around with!

Potfolio??? The only portfolio I've got is two bits of cardboard taped together from my art student days.

As long as it goes back up in the next 15 years.

I don't worry about the fluctuations, I pay someone much smarter than me to do the worrying.

And it would have to drop much more than it did for my margin to be called.

well what a difference a day makes, and also a drop of US fed interest rates of 0.75%...

I'll just say I have done very well out of all of this, some of the shares i bought yesterday are up as much as 30%.

insane!

i never thought i'd say this but, Thanks US Fed Reserve!