There is always something going up , or a sector outperforming . Yes times to be in cash , protected for the downside . Not sure about a couple of decades though.
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With more and more imputated dividends hitting my bank I am finding my concerns for world markets are lessening by the day.
My NZ portfolio is full of companies with strong balance sheets,low debt,excellent cash flows,many exporters,and all have the capacity to keep increasing their dividends.
"Well positioned." lol
TJ ,there are so many holes in that logic that I dont know where to start---Tradeing shares does not mean that you blindly stay in at all times--of course you monitor when you are out for a time to reenter -(If you are successful you will be back in your preferred stock at a far better price) (wouldnt you like to have your PEB shares at the price I could get them for today?)Could be a VERY long run.
Your scientific fact(which is just statistics)is no reason to buy into a correction or possible crash.
Surely you must see that not all is well out there,even though the NZ markets have stood up relatively well--Any one who is paying attention would know that if the world markets do get into more serious trouble they will pull the NZ market down with them (go back and look at the last GFC)
now that may not happen ,but to criticize someone who has decided to keep his powder dry through this period (and that includes me)is a bit reckless.
At the moment there are still NZ shares that are doing well for investors so it makes sense for them to stay put and monitor--but not blindly hold because of some stats--I dare say that if you get caught ,your ''long run'' will be considerably longer than others who were more cautious.
Why?--Because the poster may not have the same reserves as you that allows him to gamble in the same reckless manner--no offence but I cant think of another way to describe the losses you have noted.
Cash is relatively safe and allows an investor to maybe enter at a far better price--a price that represents a more realistic value --(or at less than the value if the share has been pulled down by others.)
He will have plenty of time to get into the market and participate when things settle down.
We will agree to disagree Skid, we are at opposite ends of the spectrum for a multitude of reasons:cool:
Those dividends represent a period before all these economic concerns have come up--Thats great that you have good shares,but I guess the real question is ,is this the time for someone just starting to buy them? Im not suggesting either way but just putting things in perspective.
I think the important point in your post is that you have gone for relatively safe and stable shares. Its the spec plays that are dangerous and even safe shares need to be monitored IMO
We dont know what shares ,if any the poster has sold to go to cash,but there are many that would indicate he was prudent to do so.