Highly optimistic - covid19 the catalyst for great things

I bought some EVN today, looked good value to me

 

I've already made losses( started accumulating last week)

Looong way to go.

 

In 12 months from now let's see where it stands. I'm not counting on any short term positive balance lasting. Its more a buy cheaper and cheaper. Impossible to know the bottom till you're way up.

 

I bought and sold some STO today for a nice profit. I'm still way down overall but optimistic after spending some offset and redraw funds on NDQ and VAS.

 

I know timber batten features....

 

Personally I'd rather we not have recessions and all the folks suffering from it etc. I don't see anything spiritual in that tbh.

 

I only ever full invested in bear market, never in a bull run, always has cash reserve for days like this
I been through it all and I mentioned it before when it comes it comes VERY fast so you always has to have cash ready

 

Stocks and real estate renovation flips.

 

Some of the gold stocks represent exceptional value here.

AUD gold price is still trading around record highs, ~$2500/ounce.
Sentiment in the market has smashed gold miner share prices.
Oil price has been smashed, which means the margin they make on $2500 gold is likely to have increased substantially.

XGD (Australian Gold Shares) - bars, XAUAUD (Australian Gold Price) - line

 

so when crisis hit in USA in 2007 and market lost 70% it took 4 years 2011 for the market to start rising

no idea how corona will pan out? But I am retired I live off rents etc I cant afford losses

 

Like others have said it really depends how much you have to deploy to take advantage of the opportunity.

On one hand im spewing as went all in on shares and equities last Oct and have a significant paper loss already in the last 3 weeks.

On the other hand i had about $100k in an IP offset I’ve moved and started buying with today.

I’ve also got a fully offset PPOR loan with about $200k in it.

Open question to all the opinions on here. Do you think it wise / risky or even greedy to start using that to buy shares? Its my cash buffer against any issues with me property portfolio, however it’s really not working hard for me offsetting non deductible debt at under 3%.

 

That’s a tough one. I would be reluctant to max out all cash reserves and use up all available debt. Leave some room for error.

 

Are you going on a cruise? (or buying a yacht? )

 

I haven’t been in the game long enough to look at trends. What is everyone’s thoughts on what will happen to interest rates? I have family panicking and fixing rates but my thoughts are that they will go down more.

 

I wouldn't be fixing before inflation begins to pickup (e.g. on trend to surpassing 3%), see a relevant chart from recently here: Best time to fix rates?

I expect rates (and inflation) to be heading lower given the current environment.

 

I’m really excited to short the living daylights out of the share market lol. Is that similar?

 

Whatever works for you.

 

Hi @MTR what would you recommend?

I am on the verge of pulling out of a property purchase with all this uncertainty (still in cooling off) and have $450k cash...

 

i can only talk my scenario, too much uncertainty

this is historical event, so who knows

for me I am holding off developing this year, just get plans and permits ready to fire when i know the market is rational