Just went 95% cash in Super - Share Market Correction

@sash Are you still alive bro?
We missed your comments.

 

No it's for the medium term, wanted to generate some income from it since it has to pay for aged care, cash is crap but luckily mostly stayed there in March.

As for the super the markets have had a good run and may decline again, so will configure more cash weighting if they go up any more.

 

Thanks again Simon for detailed response. No advise taken.
I am very cautious these days and exited to cash with no losses prior to the COVID crash. Totally missed the opportunity to catch the big bounce weve seen.
Still thinking the fundamentals dont support the market also.
Holding cash in offset accounts against residential property now and Super is in cash also. I find it easier to find a trigger to exit than a trigger to enter stocks or funds with my constitution.
I am also in Capital preservation mode as I semi retired last year. I just know I need to re enter the market at some stage to get a good diversified return. Offsets only earn/save me about 2.8% after tax against a positive cash flow property portfolio.
I did like the Listed Property Funds / ETFs but i think they are shagged now with the heavy hit to the retail sector and office space changes.

Cheers MJK

 

Especially unlisted property funds. Redemption requests get frozen and then...you wait.

 

With property funds you'd want to look at what has CBD vs other exposure IMO... big differences in outlook over the medium term.

 

How is everyone doing? did Sas managed to sold out at the top and bought back in at the bottom?.

my portfolio is now higher than pre-covid crash WTF? I didn't have to do much but buy a bit more during March, all the stock I owned like SOL HACK BRG CDA REH etc... gone gang buster what the heck going on and dividend about to fill the coffer , well HACK already hit the coffer 14% yield distribution on $6.50 entry price

 

My total returns for last 12 months is 3.2%

Not great when average over last 18 years is 13.4% pa (but at least it is positive and greater than bank interest).

I believe we are in for a golden era post-COVD.

 

Big bear markets create big bull markets.

 

Doing well mate, this has the been the best year I’ve had in the markets (since 2015 when started actively investing into the many stocks) it hard to find the motivation to keep pushin but one foot in front of the other!
Glad I stuck to my plan and bought aggressively during the red months whilst keeping my cool, wasn’t easy but it’s all part of the experience I guess.

 

Just checking back in on this one :

Post 1 25/10/18 : 95% cash with ASX at 5759
Post 751 10/3/20 : 100% cash with ASX at 5850

Both times with strong views of a coming crash.

Current ASX is 6840 - so around 18 - 19% up from those decisions.

Interesting and educational times.

 

im glad I'm dumb and lazy, I sold nothing, just followed the plan I drew out a few years ago (DCA and up the amount you buy by the amount the index drops in 10% brackets).
It's amazing what pinning your ears back and buying aggressively can do to your wealth. (Thanks @Nodrog @SatayKing) highest my portfolio has ever been both as a percentage and as a number.
Hope everyone is well.

 

So are you still sitting in cash?
Another good example of market timing failure. Not having a go as I have been playing the same game to some degree with about just as much success. Even though I am mostly all in now I am always leaving a little on the side as spare cash flows in waiting for this next drop.

Problem is even when the drop came and we saw a 36% drop it happened so quick that I missed it. Best buy I got was at around 22% down. And that was not a big buy either as I was waiting for a further drop. When that further drop came around I was expecting even more downside and held back. Before I knew it the market had bounced back up and I had completely missed the bottom.

 

This is how I do it too @Silverson. Just keep going is my motto. Invest as much as I can as often as I can. Like you say "It's amazing what pinning your ears back and buying aggressively can do to your wealth."
Congratulations for staying the course, it can be hard sometimes!

 

Keep calm, dismiss all the white noise, plod on and it'll be fine.

Plus drink more coffee

 

Having balls of steel comes in handy.

 

Tch, tch. Naughty. Females invest too you know and are considered according to some studies to be better investors than males.

And that's how the fight started....

 

As one ages it pays to occasionally check if they’re still there. This post prompted me to do same. All good.

Back to normal:

 

Ice in the veins is the more inclusive terminology I believe