Was reading a westpac handout while waiting in queue yest. They est prop prices gaining 7% after the cap gains tax quash , low int rates, inflation etc.
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Was reading a westpac handout while waiting in queue yest. They est prop prices gaining 7% after the cap gains tax quash , low int rates, inflation etc.
I dont believe the adage "its time in the market, not timing the market" Also when everyone says its all good and its going to get better, I tend to get a bit cautious. Too many pundits see a sp go up dramatically and suggest it is a buy, and conversely when it drops dramatically, its time to sell. I just dont understand this thinking. Only thing that makes me think the market is not going to crash and burn, is that interest rates are going to stay low for a few years yet.
May have read that one, but over the years I have read so many books, I cant remember them all. All I can say is if those authors knew it all, they would be too busy investing to write books. If their secrets worked so well why are they selling books on what they think they know. I think througout an investing career, there are ups and downs. Its amazing how people tell them selves they are such great investors, when they encounter a long term bull market.
Bottom feeder....if you are in the market just consider the stocks you are holding, are their prices fair for what they do, what are they saying they are GOING to do? If you are into index funds, how is the sentiment for that arena? Just because things are hot, it doesn’t mean it is bad. Take the S&P500 that was booming late last year based on some heady momentum on a set of 5 or 6 stocks but then it dropped a lot at Xmas the overall P/e had dropped considerably, and through the first part of the year, it picked up again. There are great stocks in there...for me, it is about selecting carefully based on an the past and the estimated future - I try to read carefully around the mood and strategic view and it hasn’t seen me fully wrong as of yet. (Note: I did sell up a large set of shares in June 18 as the fundamentals didn’t stack up...mostly FAANG stocks and that paid off nicely. In NZ, I boosted my holdings on stocks with good value fundamentals and futures that I believe in.
LOL - you can't remember Benjamin Graham? Trust me, he didn't write his books to become rich - he made his money with investing. And - ah, yes - Warren Buffett learned from him (Ben Graham was one of his teachers and mentors), but you probably don't know that guy either ;)?