Is it time to get on the banks?

Discussion in 'Shares & Funds' started by Brisbane04, 4th Mar, 2020.

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  1. MangoMadness

    MangoMadness Well-Known Member

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    Adelaide
    How is MQG situated in all this?

    Many people talking about the big 4 but MQG seems to be holding its price better than ANZ, NAB and WBC
     
    MangoMadness, 13th Mar, 2020
    #61
  2. mikey7

    mikey7 Well-Known Member

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    It's definitely looking like its doing better! Still down almost 30% though.
    I refinanced and unlocked some equity just in time by the looks of it!

    Would be nice to buy in at that point..
     
    mikey7, 13th Mar, 2020
    #62
  3. Car tart

    Car tart Well-Known Member

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    Well I bought in at 11.30 today. NAB and WPC. Just 10k each at about $15.71. Then went for a drive in the Focus RS to pick up Mrs CarTart. Came back saw the stock market and sold the lot. Enough to buy another Car, I say.
     
    Car tart, 13th Mar, 2020
    #63
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  4. AndyPandy

    AndyPandy Well-Known Member

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    AndyPandy, 13th Mar, 2020
    #64
  5. Trainee

    Trainee Well-Known Member

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    The Fed announced one yesterday and the dow still tanked.
     
    Trainee, 13th Mar, 2020
    #65
  6. croseks

    croseks Well-Known Member

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    The dow tanked because of Trump lol it had a huge bounce because the fed announced $1.5 Trillion in liquidity injections the day before

    Makes RBA's $8Bn look like 5c lol
     
    croseks, 13th Mar, 2020
    #66
  7. Trainee

    Trainee Well-Known Member

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    the feds 1.5t was announced on thursday.
     
    Trainee, 13th Mar, 2020
    #67
  8. Never giveup

    Never giveup Well-Known Member

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    I put a conditinal order WBC close to 2008 pricing and then the govt injected 8B so no luck :(.

    Not sure if this is the end of the bear and bull starts
     
    Last edited: 13th Mar, 2020
    Never giveup, 13th Mar, 2020
    #68
  9. Foxy Moron

    Foxy Moron Well-Known Member

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    Great work Car Tart. Bet your not with nabtrade then?
    I tried to do exactly the same just before 12.00 today when WBC was around $15.70.
    Locked out of the broking site for what seemed like about 10 minutes due to what they said was 'technical difficulties'. So just went to Friday lunch instead without a purchase.
    When I came back the site was working again but shares had shot up by $2. Damn you nabtrade :-(
     
    Foxy Moron, 13th Mar, 2020
    #69
    Redwing, Car tart and Danyool like this.
  10. MoneyMan

    MoneyMan Well-Known Member

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    MoneyMan, 14th Mar, 2020
    #70
  11. Luca

    Luca Well-Known Member

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    I think Corona is the trigger for the next GFC. This is just the start. Need to account for all the effects of what is happening now. China stopped production for 2 months. Italy is all shut down, Europe in similar position and will do soon (number are increasing). Australia will follow. Big difference are the low interests now. If you can by at 2018 prices is bargain to me, just don`t go all in and leave something for further drops.
     
    Luca, 15th Mar, 2020
    #71
  12. Trainee

    Trainee Well-Known Member

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    If you had bought nearer the start of the gfc (as opposed to the end), how would you feel now?

    Negative economic growth and rising unemployment is not the same as a liquidity event driven financial collapse.
     
    Trainee, 15th Mar, 2020
    #72
  13. Omnidragon

    Omnidragon Well-Known Member

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    Nope.
     
    Omnidragon, 15th Mar, 2020
    #73
  14. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    Townsville
    I am watching ANZ..
     
    Ariyahn2011, 15th Mar, 2020
    #74
    The Prestige likes this.
  15. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    Gold Coast, Australia
    When SPY dips under 2,000 start getting interested ;)

    No advice
     
    Alex Straker, 16th Mar, 2020
    #75
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  16. skater

    skater Well-Known Member

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    Sydney? Gold Coast?
    skater, 16th Mar, 2020
    #76
  17. Trainee

    Trainee Well-Known Member

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    Its the code for the S&P500 index.

    the dow is often considered too narrow since it only has 30 stocks.
     
    Trainee, 16th Mar, 2020
    #77
  18. willair

    willair Well-Known Member Premium Member

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    Alex as i know you will be very busy --Lets just hope it does not go into that range but we -i- cant predict what someone will think about anything because of the brain's complexity and if you accept that every event has a reason or cause..
    This one is no different as a community we must choose our words carefully which affect our thinking..

    This may sound damming and it is no way intended that way ,but your and KitDoctors charts if the C-Virus did not come into the picture would the outcome be the same?..
     
    willair, 16th Mar, 2020
    #78
  19. Gockie

    Gockie Life is good ☺️ Premium Member

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    My buys last Friday just before midday Screenshot_20200316-102324_Gallery.jpg
     
    Gockie, 16th Mar, 2020
    #79
    willair, David_SYD, Glorion and 2 others like this.
  20. Shogun

    Shogun Well-Known Member

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    Perth
    You brought at the best time on Friday.
     
    Shogun, 16th Mar, 2020
    #80
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