Originally Posted by
percy
Until The Virus hit I had my portfolio as I wanted.
The world has now changed,therefore my portfolio has changed.
Some sectors will do well,while others will not..
The sectors that will do poorly,or that will take a long time to recover are best left to younger people than me,who have a longer investment time frame, than I have at my age.
The lock down has seen us spend more time doing business online.This will affect office space,as more people work from home.Retailers will loose trade to online retailers,this will affect the retail property owners.
Rising unemployment,together with large number of business failures, will affect lenders such as finance companies and banks.Property prices will come under pressure,which will carry over to the retirement village sector.
Some businesses such as power companies and phone companies will carry on.I hold GNE,MEL and SPK.
Rural/primary businesses, should do well such as PGW,SAN, SEK,SCL and possibly CVT,even NZK [although I have my doubts].I hold PGW.
My largest holding is PAZ on Unlisted.Pure ingredients from NZ raw materials.The right sector at the right time.
As I do not know the full affects,or how long the Corona Virus will last,I have have sold TRA, and HGH and have a rather large cash holding.I would expect we will find out how TRA are trading in their half year announcement in late November,while HGH should give some clarity in February next year..
I am a patient investor.I have other holdings in NZ and Aussie..Any holding with an earnings upgrade I am adding to my holding,such as AVA in Aussie.
I am prepared to sit on my cash pile forever, if I do not feel comfortable with the market.As it is I still have a good amount invested in the market, and have no need for more shares.
Opportunities have always seemed to come my way when ever I have held cash.