ASX Shares ASX Index, when will it be the bottom?

So from 5000 to 7200 in 3 years? Thats 13% gains a year, plus 5-7% dividends. Hardly a disappointment.

 

Did we voted for them no long ago???!!!.....

 

By the time it bottoms at/under 3000, it will likely take 3 years to get back to 5000
Sure it might get there in 2, but I doubt it.
Lots of people thinking they can buy in soon and will double their money in a few months
But great optimism on your part

 

3000 to 5000 in 3 yrs will be a great growth
prepare to buy

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Could be here?..........

 

Shares bought at current valuation will outperform those bought at previous record highs over any time frame.

Willy

 

I think he’s saying stop trying to wait for the bottom if you’re a long-term investor, as if you’re buying at today’s prices you’re buying at significant discount and he’s spot on.

 

And if you're a long term investor why are you trying to time around short term volatility when there is a very high possibility that the market is going to go significantly lower .

The US will be the driver and in terms of management of Corona Virus , at the moment they don't have a clue what is going on over there .

So far they have around 160 K cases and 3 k deaths . How do you think they're going to react when they've been in lock down for a month and they're into the millions of cases and 100 k's deaths . Throw in some civil disobedience , a few shoot outs between ultra right militia's and the feds .

At the moment the markets are a play ground for the cowboys .

Cliff

 

I reckon just have a glass of milk boys at the end of the day.

 

Not sure about you but I'm in it for the money.

Willy

 

I think that's what sim's talking about . Sure you might have paid $100 one month ago for something that you could buy for $70 , but when there's a genuine chance you might be able to pay 50 or 30 in the coming months , or it could go to 0 , do you REALLY UNDERSTAND THE RISK .

Given how late the Markets were to react when it was obvious to MANY there was a MAJOR problem about to occur , I have no faith in their ability to accurately predict risk for a medical problem .

Cliff

 

‘Significantly lower’? What would that be as a %?

I’m yet to see anything solid to support that, unless you have something?

 

Nobody can call the bottom and I work for a funds management company...
My firm has been buying dips (and in my PA also), but keeping dry powder as well.
In my view, the market will be higher this time next year or the year after, so the buying suits my time horizon. I am focusing on quality balance sheets.

 

I sold 30% of my holdings from end of Jan till early Feb. In hindsight I started taking money off the table about a month before the peak and kept selling right up till the peak. I didn't sell the whole 30% at the absolute peak but at this point I'm still kinda happy with the "risk" I took in starting to sell when I did.
As well as the money I pulled out I've also got extra money to put in and I've put very little money back in at this point. I will probably start dribbling more in soon and will keep dollar cost averaging it in over the next 3 to 6 months. I know I wont get it all in at the very bottom and once again I don't really care.
I'm happy to leave you with the stress and the risk of missed opportunities in trying to pick the bottom in which I'm fairly certain you will fail to do anyway.

Willy

 

Sounds sensible and actually you will buy SOME at the bottom and some along the way.
NO ONE can consistently pick the bottom.
For those who are buying the dips, perhaps a systematic approach could work, $X when market drops 5%, %Y when market drops 10% from a certain level. Dependent on when you want to fully deploy your risk capital.

 

Any systematic approach works better than relying on emotions.

Willy

 

Soy milk is best

 

Yesterday us a good day, let's see if this is correct
Title is likely us, but content not really

ASX to plummet as landlords hit back

ASX to plummet as landlords hit back

 

"The S&P and Nasdaq both saw their biggest falls in weeks as the coronavirus case count in the US tops 100,000 - one-fifth of known global cases."

Cases in the US have surpassed 200k. Lazy reporting.