ASX Shares Short term COVID-19 opportunities in the stockmarket

Discussion in 'Shares & Funds' started by Sackie, 9th Mar, 2020.

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  1. Smee

    Smee Well-Known Member

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    Given the panic buying of toilet paper, you'd assume that frozen foods will see a surge.
     
  2. sash

    sash Well-Known Member

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    Nah no interest in food....only toilet paper.....
     
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  3. Smee

    Smee Well-Known Member

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    But without food, then we have no use of toilet paper. :) It will all be a waste of effort fighting in the aisles for toilet paper.
     
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  4. Sackie

    Sackie Well-Known Member

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    Interesting questions but I think once you start to over analyse, you will be crippled by indecision. It's definitely too early to make any decisions now imo but there will come a time action is required. And I'm not trying to get the bottom or sell at the top. For me, close enough is good
    I won't be attempting to do feats with an aggressive (somewhat impossible) plan of bottom buying. More like once confirmation of an uptrend is sustaining, I'll likely enter. I'm also sure when I sell I'll likely be leaving a lot of money on the table. That's fine with me too. Once my goals are hit I'm out.
     
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  5. skater

    skater Well-Known Member

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    That was my thoughts too. I admit I'm a novice when it comes to shares, but I do know what DCA is. I'm also planning on putting more down, but I'm in no way going to try & pick stocks, as when the dust settles, I'm sure some won't survive. Thinking I may stay with VAS, but waiting. I think there's a lot more pain to be had.
     
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  6. Sackie

    Sackie Well-Known Member

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    @skater I know what dollar cost averaging is. When it was used as DCA in a random sentence, it just didn't trigger in my mind.

    Regardless, I'll be listening to the advice and recommendations of a team. Then doing research on that. A very similar DD process to my other businesses.

    Some on here ( not saying you), probably only 1 or 2 folks love to mock others and act the immature clown. That's fine. I'll just do what I always do. Focus on my goals.
     
    Last edited: 10th Mar, 2020
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  7. Lacrim

    Lacrim Well-Known Member

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    Some stocks look oversold to me
     
  8. Sackie

    Sackie Well-Known Member

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    Which ones are you looking at?
     
  9. sash

    sash Well-Known Member

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    No neccessarily...the issue is market sentiment....till there is more positive things from Corona nutin will change. It has to do with market knowing that CV is stable or under control so economic damage is not done. Using the theory of oversold now is not valid.

    I reckon as the Northern countries come out of winter cases will drop..maybe this will be a catalyst for a more stable market.
     
  10. Lacrim

    Lacrim Well-Known Member

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    Sentiment will bring things down but from a valuation standpoint, you have to admit our banks are looking pretty attractive right now.

    Damn its a wild ride, CBA @ $65 5 mins ago and now at $69. Crazy volatility.
     
  11. meme plecko

    meme plecko Well-Known Member

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    What worries me is that we are entering into the colder months, so even if the covid issue is under control in USA/Europe?china due to warmer weather, what are we going to do here?
     
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  12. Lacrim

    Lacrim Well-Known Member

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    Few of the LICs, banks as of a few mins ago (they seem to have recovered for now)...got hit on MLT just then as well for a small parcel. I intend to accumulate $280K of MLT in the long term in today's dollars (part of my strategy of buying 6 LIC's, 2 EFT's, 30 individual stocks).

    And I can't pick/know the bottom, so....
     
    Last edited: 10th Mar, 2020
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  13. KinG3o0o

    KinG3o0o Well-Known Member

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    if u buy long term, now is a once in a decade/ for people like lifetime discount opportunity.

    if you buy growth, i dont see why you are not buying,

    i wont time the market and i dont know if this is the bottom or more the come (which is likely).

    but if the share price is going to go up to $10, does it matter if you buy at $5 or $4 or $3, ?

    as long as the company dont go bankrupt, i dont see what the problem is, if you have a long term view,
     
    Last edited: 10th Mar, 2020
  14. Lacrim

    Lacrim Well-Known Member

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    Whatever the case, it's insensible to go all in at a particular price, so the best you can do is DCA. Now's as good a time as any to do that IMHO.

    I went pretty heavy into stocks back in late 2018 when the ASX dipped and ceased buying - until last week. I've copped paper losses as I went in too early but that's the way it goes. You'll only know it was the best time to jump in in hindsight.

    Plus I'm buying for dividends and buying keepers as mentioned. I'm not trading.
     
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  15. Sackie

    Sackie Well-Known Member

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    I want to approach this from the least risk possible scenario for myself. Here are some rules I have however these may change and get refined over the next few weeks.

    1. If I miss out entirely on buying because I waited too long, I am totally OK with that. I always want to preserve my capital and only take on ventures I feel the risk to reward is really worth it.
    2. Which brings me to this point, I wont be starting to buy until I am comfortable that the markets have dropped a ridiculous amount. If I miss out because I waited too long, I miss out. I know how hard it is to build capital so keeping what I have is paramount, unless the risk to reward makes sense for my situation.
    3. Only invest in companies recommended to me which are blue chip.
    4. Have a set amount of return I am looking for, and then just get out, regardless how much money may or may not be on the table. I will exit all my positions once my target return is met.
    5. Do not sell my stocks until my return is met. I am willing to leave the capital in for 10 years if need be.
     
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  16. kierank

    kierank Well-Known Member

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    Don’t do it - (according to some,) none of us will be here to enjoy one’s returns :p.
     
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  17. Sackie

    Sackie Well-Known Member

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    i'm young. :p
     
  18. kierank

    kierank Well-Known Member

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    We are all gonna die very soon :eek:
     
  19. See Change

    See Change Well-Known Member

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    Here a dead fire cert !!

    Large groups of people in isolation at home ...

    Online porn . Any listed companies ?

    Cliff
     
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  20. kierank

    kierank Well-Known Member

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    There must be a lot of brave souls out there.

    For every share sold since 20-Feb, someone bought them.

    Are they brave, stupid, smart, ... - I have no idea.

    I am running my own race - not buying, nor selling.

    But, I might be “forced” out of retirement and throw a chunk of change in :D.
     
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