Have a look at ATM & how the shorters are feeling - that's what this market is doing to those who have been bearish.
Printable View
Have a look at ATM & how the shorters are feeling - that's what this market is doing to those who have been bearish.
This is a problem that I grappled with early last year....net outcome was property looking at quality (I had intended to reduce my property portfolio by one). I also considered giving the funds to my bank for management (private banking) but couldn't stomach the %10K p.a. fee onto of the fund fees that were already charged (and they seemed to know less than me and were too prudent)...kept the property and funneling the cash (mortgage free on that one) into a conservative income generating managed fund (yes, paying fees) but currently getting a 6.65% net return with quarterly payments that are reinvested. I had also considered sending the funds off-shore to join my other funds but again, property was my answer (as things in Jan/Feb '18 seemed too hot) and I didn't want to hold property in another country without living in it. I think the NZX is a bit overpriced in the blue chip area and am not prepared to hold much in there, someone else I know has moved there %1m+ portfolio to Australia (they are income seekers). Glad I decided on property (I can use it for leverage for a new project) and an income fund....capital has been preserved and I can sleep at night.
Bull... this a good sign eh
https://www.bloomberg.com/news/artic...er-seen-before
There is an article on Warren Buffet in the Saturday herald which is worth a read.
For me The most interesting Buffet quote from the article is the following.
”People get smarter but they don’t get wiser. They don’t get more emotionally stable. All the conditions for overvaluation and undervaluation absolutely exist, the way they did 50 years ago.
You can teach all you want to the people, you can tell them to read Ben Graham’s book, you can send them to graduate school, but when they are scared, they’re scared.”
He didn’t mention Greed.