What are the smart investors doing now that Brexit polls are 50:50?
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What are the smart investors doing now that Brexit polls are 50:50?
http://www.oddschecker.com/politics/...bership-result
Not exactly 50-50
Assuming you removed the weak shares a long time ago (as a smart investor would have) from your portfolio, the best strategy might be to just enjoy the entertainment ... ah yes, and keep some powder dry.
If Britain stays, shares are likely to go up (well, until we have the next drama, and this can be soon). If they go markets might have a handful of weeks full of turmoil, but afterwards? I am pretty sure the earth keeps spinning around the sun and turmoil might be good to pick up some better priced shares ...
Funny how some worry about every bit of bad news as if the roof is going to collapse on them, I just continue as normal, in fact I just borrowed another 100k yesterday at 4% and bought Ryman shares today (Happy to buy them at current prices) Besides all my red arrow stocks have nothing to do with the Brexit anyway, stocks such as Air and NZR were already down. PS-In case you were wondering I'm negatively geared around 15% of my portfolio total and quite comfortable with that. PPS-Picking a stay vote.
Couta...love your post...sort off...I just hope that folk with perhaps less nouse than you..could/would possibly think that you've done is ...well.."the way to riches"...which we know is indeed a long way from the truth....anyways cheers...just saying..
Looking like the tender timer is nearly ready to pop on NZ50 - shame CMC don't offer a price on the index.
Potential for one push higher yet (maybe...), but given the shooting star on the weekly that could be it. Wonder how long it takes before we are back at 6,000
its had an impressive run and probably sensible to take some profits, in my opinion - it could unwind quickly given >50% offshore ownership and potential drop in NZD.... also bull flag setting up on the VIX, next few weeks could be interesting
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