How's your COVID-19 investment plan going?

Discussion in 'Shares & Funds' started by AndyPandy, 30th Apr, 2020.

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What action have you taken since the 21st Feb 2020 peak?

  1. Purchased (and still hold) shares. Not a short-term trade

  2. Purchased investment property

  3. Sitting in cash, waiting for the opportune moment

  4. Discount averaging into share market a bit more regularly than usual

  5. Hasn't affected my investment decisions

  6. Been short term trading. Great Success!

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  1. AndyPandy

    AndyPandy Well-Known Member

    Joined:
    23rd Feb, 2017
    Posts:
    291
    Location:
    Sydney
    It's only been 2 months but it seems like the share market peak was a lifetime ago. What action have you taken since the 21st Feb 2020 peak?
     
  2. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    6,001
    Location:
    Australia
    A good crash is an incredible opportunity to do all the things people just talk about.

    bought some, then regretted not buying more, then worried will give it back, then wondering whether the bottom has been missed. Ultimate psychological test.
     
    Last edited: 30th Apr, 2020
    Cmelderis likes this.
  3. SatayKing

    SatayKing Well-Known Member

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    20th Sep, 2017
    Posts:
    6,290
    Location:
    It's All About Me.
    Same plan. No difference.
     
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  4. Biggbird

    Biggbird Well-Known Member

    Joined:
    4th Feb, 2020
    Posts:
    134
    Location:
    Hobart
    I only recently started becoming interested in my finances, investing etc, so I have only recently started purchasing shares. I made my first purchase (ETHI) on March 23rd, which was great timing in retrospect! Have made a couple more since then, but have now decided on a regular schedule - first Monday of every month I'll DCA in a bit more. Just transferred the funds for next week's purchase!

    It's been an interesting time to get into the markets, and an interesting look at my own psychology too I guess. It's easy to feel like you're missing out, or to regret not having invested more on 23/3, but hopefully now I have a plan life should become easier :)
     
  5. MTR

    MTR Material Girl Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    21,984
    Location:
    My World
    development project on hold

    Also watching share market. Not ready to pull trigger yet
     
    Cmelderis likes this.
  6. AndyPandy

    AndyPandy Well-Known Member

    Joined:
    23rd Feb, 2017
    Posts:
    291
    Location:
    Sydney
    Having majority of our assets in property, we always planned on diversifying into index funds. Due to the crash we decided to make a start with debt recycling 20% of our available funds into VAS.

    I have a 10 to 15 year timeframe so not worried about picking the bottom. Just dipping in once a month for now.
     
  7. Willy

    Willy Well-Known Member

    Joined:
    12th Sep, 2017
    Posts:
    285
    Location:
    NSW
    Had a much larger % in cash than normal when the market crashed and have invested 40% of that so far into LIC's and ETF's. The rest will go in over the next month or two or when the market pulls back again. Aim to have zero allocation in cash (apart from buffers) once this downturn is done.