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Market doldrums
I'm looking at my portfolio - near enough 7% decline over the last month, half of that in the last week (thanks Sharesight - bearer of good news). is it just my bad choices or is it bad times? Keen for other's opinions and coping strategies from those who may have been through this before.
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Originally Posted by 850man
I'm looking at my portfolio - near enough 7% decline over the last month, half of that in the last week (thanks Sharesight - bearer of good news). is it just my bad choices or is it bad times? Keen for other's opinions and coping strategies from those who may have been through this before.
With out knowing what shares you own I can not comment.
My friends and I laugh,it seems if you want a share to go down buy it,want it to go up sell it.!!!
I think you should keep a note book and each time you buy a share write down why you bought it.
Then if it goes down, check the reasons you bought it.If the reasons remain the same ,hold on.If however the reasons [or the story] changes for the worse sell.
Research and time in stock selection is the most important thing to concentrate on.Same with any asset purchase.I often say the more research I do the better the luck I have.
All that said,sell at the first bad news.Usually downgrades come in threes.
Last edited by percy; 29-11-2021 at 02:55 PM.
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Originally Posted by percy
All that said,sell at the first bad news.Usually downgrades come in threes.
or like, a thousand, if you are A2M
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Member
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Originally Posted by Fiordland Moose
or like, a thousand, if you are A2M
Yes that was/is incredible.
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Interests rates on the rise so shares go out of favour. Typical cycle.
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Always good to compare your returns in Sharesight to a relevant index.
The MDX (NZX Mid Cap) is down 7.5% and the FNZ (NZ Top 50) is down 7.75% in the last week. So your returns are not out whack.
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Yep with you, -10% in the last month. Going to focus on other things and ride it out. It's definitely not just you/me.
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I'm holding although I did prune a couple of NZX and Nasdaq stocks last week before the drop
My NZX is only down -1.25% because FPH is +5.7% and comprises 41% of my NZ portfolio
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6 holdings down in the last month, 6 up and 1 sideways. Total return +0.3%.
A tough market at the moment
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