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View Poll Results: How Serious is this Bear Market ?

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  • The Bear is just a pussycat, there's nothing to be worried about

    10 10.10%

  • This bear has claws and will scratch some chunks out of you but not much

    39 39.39%

  • This bear has real teeth and will bite serious chunks out of your portfolio if you're not careful

    39 39.39%

  • This bear has teerth and claws and is going to do sustained damage

    11 11.11%
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  1. 22-12-2018, 02:15 PM #11
    Beagle
    Beagle is offline
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    Quote Originally Posted by Biscuit View Post
    If the bear really bites, is cash ($NZ) the best place to wait it out? Last time around, $NZ took quite a hit against $US as flight to quality kicked in. $US then gold?
    I wouldn't hold $US this time as the US has massive external debt now. Honestly its a pretty fluid situation and one needs to adapt their investment strategy as this unfolds.
    For what its worth I am now 55% in $NZ cash, and most of the rest of my investments are in defensive stocks like GNE, MEL, ARG, OCA (yes this is defensive as its needs based late stage healthcare), ZEL (consumer staple) and some modest stakes in SML HGH, AIR.

    I don't think the market has really cottoned on to the fact that OCA is pretty defensive.
    Last edited by Beagle; 22-12-2018 at 02:18 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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