Highly optimistic - covid19 the catalyst for great things

Discussion in 'Investor Psychology & Mindset' started by Sackie, 13th Mar, 2020.

Join Australia's most dynamic and respected property investment community
  1. Sackie

    Sackie Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    18,161
    Location:
    Bondi Beach
    Is it just me or are there some folks among us walking around with an upbeat tempo of excitement with each step?

    Currently looking at all the various opportunities that will avail itself and I can't help but feel extremely optimistic, at least from an individual financial/investment perspective.

    There's been so much doom and gloom with this virus, perhaps most of it is warranted regardless - I just can't help feeling extremely optimistic and excited with opportunities that may lay ahead in the next 12 months.

    Hope I'm not the only one on here otherwise PC is gonna get a very lonely place for me.
     
    ellejay, Phineas, The Grinch and 8 others like this.
  2. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    4,121
    Location:
    Australia
    I need more cash. I need it now/within next 3 months before this window of opportunity closes. Just my guess.

    Seeing the bargains abound and not being able to partake in a large, wholesale manner hurts (as much as the losses I've copped on paper thus far).
     
    Sackie likes this.
  3. Sackie

    Sackie Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    18,161
    Location:
    Bondi Beach
    That's a large reason why I'm feeling optimistic. I have not all, but most of the funds in place to capitalise at any moment. My feeling is those who are ready and have available funds, the courage and take action can do extremely well.
     
    ellejay, Propertunity and Perthguy like this.
  4. MTR

    MTR Material Girl Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    21,992
    Location:
    My World

    If you are cashed up some great opportunities

    If not perhaps batten the helms
     
  5. Trailblazer

    Trailblazer Well-Known Member

    Joined:
    13th Sep, 2017
    Posts:
    85
    Location:
    OZ
    Interested in hearing ideas what opportunities are you all monitoring.
     
    Perthguy likes this.
  6. Patrico1966

    Patrico1966 Well-Known Member

    Joined:
    12th Jun, 2019
    Posts:
    399
    Location:
    North perth
    I have got my money ready to go for my planned purchase and an upgrade but will certainly be watching developments with covid19 in the next few weeks, it will affect any financial decision I make. Borrowing would be more difficult at the moment would it not? My financial adviser has advised me to sit tight which is pretty good advice.
     
  7. Sackie

    Sackie Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    18,161
    Location:
    Bondi Beach
    Need to Google :oops:
     
    Butterfly88 likes this.
  8. vbplease

    vbplease Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,297
    Location:
    Brisbane
    I have the same feeling. We have a nice sum in our offset account ready for our ppor reno. If we make 20% over the next 12 months I’d be very happy.. but in no rush to enter the stock market yet
     
    MTR and Sackie like this.
  9. Fargo

    Fargo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,306
    Location:
    Vic
    Ducks lined up perfectly, Once in 3 lifetimes opportunities, every-where don't know which way too look and which way to jump. Was looking at buying some property ,old houses on, big blocks with big yields in previously tightly held desirable locations. Share prices giving great yield on solid companies with strong balance sheets. Couldn't resist RFF @1.67 for 8% yield and growing and DDR @ 495 for 7% yeild with franking credits and growing strongly. At the moment already up 5% on them. Also took advantage of the value for NAN ( hospital disinfection) and VHT. Just crazy, mindless sell off on shares that should only benefit from virus outbreak and low dollar. Great yields and growth potential on offer, but I bet many people in 12 months time will still be crying poor and bitching about 0.5% return on their money.
     
    Codie, Scaphella and Sackie like this.
  10. Perthguy

    Perthguy Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    11,760
    Location:
    Perth
    I am super optomistic. I am watching the market really closely wondering how much I should tip in when I think it's a good time. I'm not trying to pick bottom just identify when what I am buying represents value. Not at all concerned if the market drops further after that.
     
    ellejay, Patrico1966 and Sackie like this.
  11. Perthguy

    Perthguy Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    11,760
    Location:
    Perth
    For example, ASX:VAS is trading at $66.35 today. On Feb 20 it was trading at $90.82.

    Pretty much you are getting a bargain if you bought it today. But what if the market drops further?

    Let's say you buy 10,000 shares of VAS today and by the end of next week they drop to $60. You haven't really lost anything because you still have 10,000 shares. We know there is a strong probability the shares will return to the $90 price point down the track. So buying around this price point would be good buying and it will probably get better.

    That's why I'm watching.
     
    matt_j, ChrisP73 and Skinman like this.
  12. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    6,285
    Location:
    Planet A
    I am temperedly optimistic - just got to "get through" it first.

    I'm a great believer in the need for a recession every 15-20 years, simply to reset the world economy and force a breather/step back.

    Not interested so much financially - but more ethically and spiritually
     
    The Grinch likes this.
  13. hammer

    hammer Well-Known Member

    Joined:
    26th Jul, 2010
    Posts:
    2,417
    Location:
    Darwin
    The asx200 dropped 7 percent, then rose 7 percent.....in ONE day.

    Wow. Just wow.
     
    Brady, Shady, Sackie and 1 other person like this.
  14. vbplease

    vbplease Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,297
    Location:
    Brisbane
    A bonus of a recession is a suppression in extortionate tradie rates I’ve been charged in the past.. hoping for better value in a ppor reno
     
    Ben_j likes this.
  15. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    4,121
    Location:
    Australia
    You picked the window after the GFC with your US property....don't miss this one. They don't come round very often.
     
  16. skater

    skater Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,571
    Location:
    Sydney
    Sitting on the sidelines with not enough cash to do what I want to do, as I've just bought something else. Also got to keep plenty of cash for our PPOR reno.
     
    Niche likes this.
  17. MTR

    MTR Material Girl Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    21,992
    Location:
    My World
    yes I understand but there will be more deaths so I cant see this panning out straight away
     
  18. skater

    skater Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,571
    Location:
    Sydney
    That's the thing to be mindful of too. Yes, there's opportunity.....but there's going to be a lot of people in pain. This is not all fun & games.
     
    ellejay likes this.
  19. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    4,121
    Location:
    Australia
    Well FWIW, I think SOME of those deaths (physical and financial) have been priced in.

    Right now, the attitude is containment but I reckon we've pretty much missed the boat on that front. We're really in a 'delaying the inevitable' phase in USA, Europe and Oz wrt C19.

    The only hope on the horizon is a vaccine, antiviral or the virus being suppressed by the NH summer OR C19 turns out to be mild enough for the masses that the fear factor turns to indifference. Then watch the market. There is a possibility that this carnage won't last longer than 3-6 months.
     
  20. Sackie

    Sackie Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    18,161
    Location:
    Bondi Beach
    I already made made money( started accumulating today):D

    But I'm not counting on it yet. Looong way to go.
     
    croseks likes this.