Just went 95% cash in Super - Share Market Correction

It may have settled above 5000 but it as definitely breached..rest assured it'll go below 5000.

 

How long do you think? I think < 12 months.

 

I know heaps of people piling in because what they wanted was cheap. All the people buying pushed the market up. It could drop further, true, but VAS closed around $70 today whereas the 52 week high was around $90? I consider it a very strong probability that VAS will return to $90 at some point. Are the people who bought at $70 really going to kick themselves for buying at that price? I'm thinking not.

 

Even better at $63 just being greedy now and wishing I had bought more...as many are saying thought I’m sure this roller coaster ride has a way to go and we will back down near $60 or lower at some point before we get back to $90.

 

I am guessing here but I'm thinking when VAS is back up to $90 you're not going to care that much that you bought for $63 instead of $60

 

Vas definately looks good buying I was hoping for 60-65 to jump in

 

No idea
need vaccine
then its a matter of how the economy is impacted
Job losses will be the issue??

 

Why didn't you ? It was below 65 nearly all day ?

 

In hindsight it’s easy to work out what price looked good. If it ends at $50 then missing out on $60-$65 would look like a blessing.

I reckon you will get another crack at VAS near $60.

 

100% agree

If the measures being implemented plus the fear and panic cause too much damage. We then move to an economic downturn, not a fear based downturn.

US finally ramping up testing, and in a very big way.
Once we see a realistic number of cases the market will react one way or the other. I suspect that number is going to be quite high.

Aspen has gone from glamour town to ghost. I have a friend there now who is currently safe. But it is not a good situation. So anyone that thinks CV is only in a couple of major cities, think again.
People in the US travel a lot!
As do Aussies, who apparently started the Aspen outbreak...

Whatever happens, this is not going to be resolved in a matter of weeks.

 

Agree that numbers of infected / confirmed cases will increase in a big way so will deaths and if the media wish to hype this they will have some great headlines to scare the world with.

Just wondering thought how much if this has the market already priced for?

At what point will society and life adapt to CV and carry on regardless as the pandemic runs its course. I suggest it won’t be business as usual but I’m sure the world and us humans will do what we always do in a crisis a find a way to adapt and get on with it.

 

Today is a different world

 

Oh yeah, of course.
We will definitely move on. It's not an armageddon situation.
All I am talking about is markets. How long will the bad news hang around, how much economic impact will that have, will the fear cause enough impact to cause a global recession, how best can I maximise my investments based on this.

That sounds a bit cold... but I'm only discussing markets on this forum.
On the health front. I am very concerned for many people worldwide, for my parents, my elderly mother in law, my pregnant wife and soon to be new born child. Although data currently indicates my wife and child are not high risk.

Of course we will get past it.
The question is how long it will take and what impact it will have.

 

I just lost about $5k in my super within 2 days.
Do you think I should move to cash or a more conservative approach? Or is it too late now and it will only cost me more?

 

If you move to cash now, you've locked in the losses. It's only $5k, so you are probably young and have years before your retirement. Just ride it out.

 

No one can tell you what you should do. It’s a personal decision I’m which it’s consequences either way will be felt by you. What we can do is tell you what we are doing as individuals and that might give you some direction.
I have decided not to sell out but to cautiously buy in.

With total personal and super portfolio drops that I’m sure will reach $1mill soon it’s not easy to watch but I had a plan before this started to stay the course and that is what I will do. Chopping and changing strategy in the middle of a crash is dangerous and decisions will be led by emotion.

 

Great post. Thanks.

 

I think there is more to move. I'm happy to wait a couple weeks to see how the market reacts to the economic slow down

 

Lol these are the same people who think the virus is a flu? Or don’t know what’s happening in the real economy from their corporate office window?

 

There’s the market and then there’s the economy. If you run your own businsss you’ll see what’s happening. If you’re on PAYG you won’t see it until you lose your job which is a second degree impact which may happen 3 months later. That’s what we call a recession - something Aus hasn’t had in almost 30 years but is about to have.