ASX Shares What's looking cheap on the ASX in 2018?

There has been some large buy orders completed over the past few hours ,and some some large sell patterns ..
I have bought in 4 times from from$3.32 down --but I intend to hold for several years till the bounce-back or it becomes a cliff-hanger ..
The only question to ask yourself is ""What timeframe will you focus on?"

 

Amp down 23% now

Edit 24% wow it’s dropping fast

 

I can't watch. I love buying things on sale but I'm guessing it's too soon?

 

Wow AMP

 

I am seriously wondering if AMP is a good buy at a 25% discount.

 

I don't think AMP will survive 2019. They just sold 25% of their company and the market has valued the $3bn sale proceeds at zero judging by the fall today.

I expect that is because much of the $2bn cash proceeds will be eaten up by tax, separation costs, investment banker costs and redundancies. Whatever is left will be wasted on a failing strategy.

The $1bn proceeds in shares of the acquirer are dropping in value pretty quickly - your buyer is listed on the London market(?) and is probably exposed to the same sharemarket rout.

What is left is the financial planning business (worth less than zero), AMP Capital Investors (jewel in the crown) and AMP Bank, which will probably be sold to a Big4 (my tip, ANZ).

 

AMP has bounced back few times before.

 

I was expecting amp to have a difficult year ahead, but didn’t expect that kind of drop today.

 

I've gone off AMP. I am back onto VAS/VGS. I don't trust myself to pick a winner

 

Great advantage of the index. In with the good out with the bad. Nothing for you to do or worry about. I don’t miss getting rid of direct shares one bit.

 

I have 2 income streams organised: super and resi property. This is just a bonus so I don't need spectacular performance, just reliable income. It would be good if I could have this set up by 2028.

I am looking for a trading platform. I don't need anything complex because I am just buying the topping up every month. Mayby CMC or Selfwealth?

I also need to decide if I am going to split VAS and VGS 70/30 or 75/25.

Most important is how much per month I want to tip in. I feel like $2,000 per month is too little and won't get me where I want. $3k might be right but I need to do some more modelling. $4k might be a stretch. I have to check. I don't know if I need to put in that much. Decisions, decisions.

I just want something simple I can do every month with unspectacular but reliable performance.

 

Agree with you although still have mostly direct shares. After decades of buy and hold we have significant capital gains to deal with - a good problem.

 

Recently published a couple of buy alerts for CUV, here's the chart that first went out to clients 2JUL18 with specified preferred buy level of $9.97 - $10.05

A couple of weeks later it was over 50% gain and we advocated taking some profit. The gain reached over 100% in around a month.

Another opportunity is coming up around $15 but needless to say be careful in these conditions


No Advice

 

at 25% off, wont CSL be a better pick ? im am bias cause i hold share in csl

 

No.

For me 25% off is not a reason to buy. I trade on strength, ESPECIALLY in a bear market

 

With the move away from commissions to fee for service, I think you’re right that there is little value in financial planning.

Investment management in public markets is moving to large index funds where AMP will struggle to compete. They have a good real asset business though. Probably oversold

 

If shares are in your name you will pay tax on dividends. One strategy is to lower dividend yield in your own name and increase in super. That would mean having a higher allocation to VGS outside super as it pays a lower dividend and making appropriate updates in super so that your entire portfolio balances as let your planned allocation.

I do something different as I want the income stream for FIRE and use structures to make it work.

 

That's good thinking. I do have the structures sorted out. I will actually be salary sacrificing some extra into super because it's tax effective and also investing outside of super because I will be retiring before my preservation age and will need something to live on between retirement age and super kicking in

 

Companies im looking at this week, but will enter slowly:

Xero
CSL
REA
Carsales
Cochlear

Amazon
Facebook
Tencent
Alibaba
Google
Baidu
Microsoft
Nvidia

No hidden gems or anything but good quality businesses that have come off significantly from their ATH.