Thank you so much Baa_Baa for your great adivice.
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For me commodity stocks are better than tech stocks. Commodity stocks can become as hot as tech stocks. I have seen at different times different commodities have had high demand due to specific reasons which includes speculation as well. I prefer commodity stocks over tech stocks because I can understand them. Surprisingly WB didn’t like commodities stocks whereas other investors found great long-term opportunities there.
Saw this comment about US markets …. Are they right
After a historic rally in stocks, permabears got blown up. Now that they're all broke (and some even retired), it's time for stocks to correct.
Kinda makes sense except that the bears have had their gains as well.
Have a look at the price of lithium and lithium mining stocks - commodity bears have made absolute killings there.
Then there’s the automated self-driving car hype where the bears made huge killings too.
From what I've seen, you'd have every chance.
My confidence doesn't come from my own abilities, I might struggle to do 10%.
My confidence comes from the idiotic stuff that others are doing.
Also if you have a significant portion of net worth in a house then I win almost automatically.
NZ will get around its worries thru IMMIGRATION I reckon ...most of the domestic inflation part is supply oriented due to labour woes ...all see immigration as negative as it fuels demand like rent etc but dont see as loosening labour market which is the key to supply side easing and wage pressure etc .
On balance NZ will be ok ...I reckon rates may need drop faster here then in US ...as our RBNZ is coming out of long summer break ...it will take time to convey its thoughts to our sleepy market . Banks though have changed tack recently ...all looking for mid year cuts now ...August can at best become June/July ...stocks will catch up with that theme soon ..maybe after Feb review
Yes in the last 5yrs commodity stocks have given me some brilliant returns my best..CNB,POD,LRS,MAY,WWI all tiny micro caps that have seen peaks 1000-1500% Cap gain returns...recently I had AKM return just over 100% within 6wk swing trade ..purchased early DEC23(still holding most for larger gains to come IMHO) RDM purchased same timeframe just over 50% ...
reason why I'm focused on the commodity stocks mainly ASX but also TSX these days...
much talk around here of the likes of NIVIDA which has done very well last 5yrs up 1600%++ .. but chances of going much higher ...yeah no thanks