-
Ask a question and get free supportUnlock new privileges and see hidden discussionsWin prizes and earn reputation
-
Question of the day ~ How often do you braai?
-
Afristay giveaway.Win a 2-night stay for two people at an establishment of your choice with R1,000 in spending money. Enter here.
Sign up with GoogleStock Watch [Disclaimer: "by non-registered amateurs"]
- Thread starter Thor
- Start date
Sold mine on 29 Dec like a boss. Same with woolies. Lucky ehehe
shooter69
Expert Member
- Joined
- Jun 4, 2012
- Messages
- 3,104
This is because people all over the world sees gold as a safe haven.
What does your portfolio consist of? If you have good companies then don't sell at a loss and buy something that might just fall again after the slump has passed. Over time, depending on who you bought you could make a nice profit if you keep your shares.
In time of financial crisis the losers sell good stocks at a loss and the winners buy good stocks at a bargain price.
pratlou
Senior Member
- Joined
- May 2, 2014
- Messages
- 616
If i were you i wouldn't sell, You have decent stocks there.Don't be scared by decline in share prices it happens alot in stock market. There's possibility that these stocks can come back again and rise 2x losses you incurred before.
Edit : Get rid of lonmin.
Last edited:
shooter69
Expert Member
- Joined
- Jun 4, 2012
- Messages
- 3,104
The only weakling there is Lonmin. But I do not suggest selling today.
I would sell in a week or two as the price is likely to bounce back to R17/R18 after the China shiiit storm settles.
With some hind sight I do know that the market over reacts to news and then settles again quickly. I can actually compare the market to my wives moods. You cannot predict what her mood will be like when you get home. Shiiit storm one second, then all fine again after she made dinner. I have learnt to be a patient man.
Last edited:
Sell...
My rule of thumb is when public forums are indicating a buy, the smart money is selling. And vice versa.
Swa
Honorary Master
- Joined
- May 4, 2012
- Messages
- 31,217
It's because of panic selling we're in this mess. All those stocks except for Lonmin are good investments but even then I wouldn't sell at a loss right now. It's mostly foreign investors that don't really know the state of affairs and think things may be heading for another Zim. But we're nowhere near that and those stocks will reflect the true value of the companies again.
Stock Watch [Disclaimer: "by non-registered amateurs"]
For me personally, I believe in taking out risk that increased over the last month alone. The rating agencies will determine if you investments are good or not if or when they downgrade to junk status. If that happens then nothing is a good investment.
I've mitigated this by moving my portfolio from 90% local equities to 75% USD cash and a mix of 25% local and foreign equities ( maybe 50/50) over the last 6 months ( and laughably, have seen a 32% return - not that I consider rand returns as real returns anymore).
I'm interested in preserving my life savings if things go belly up, and I hate to say that at the moment the odds are increasing, 50% at least considering that a few days after the rating agencies downgraded RsA and gave a clear warning that if x or y isn't achieved it will be downgraded further, Zuma had the fin min fiasco. They killed it for investor sentiment for a very long time, as the stability of the country is under serious question.
Like I've said before, the MPC meeting has a tough call this month to make. And if they increase rates by more than 100 points I am certain there will be a recession, and def a junk status by at least one rating agency.
Brazil was in the same position a year ago, with warnings. And then boom, sep 2015 came the first junk from an agency, and then dec another. ****ed.
For me personally, I believe in taking out risk that increased over the last month alone. The rating agencies will determine if you investments are good or not if or when they downgrade to junk status. If that happens then nothing is a good investment.
I've mitigated this by moving my portfolio from 90% local equities to 75% USD cash and a mix of 25% local and foreign equities ( maybe 50/50) over the last 6 months ( and laughably, have seen a 32% return - not that I consider rand returns as real returns anymore).
I'm interested in preserving my life savings if things go belly up, and I hate to say that at the moment the odds are increasing, 50% at least considering that a few days after the rating agencies downgraded RsA and gave a clear warning that if x or y isn't achieved it will be downgraded further, Zuma had the fin min fiasco. They killed it for investor sentiment for a very long time, as the stability of the country is under serious question.
Like I've said before, the MPC meeting has a tough call this month to make. And if they increase rates by more than 100 points I am certain there will be a recession, and def a junk status by at least one rating agency.
Brazil was in the same position a year ago, with warnings. And then boom, sep 2015 came the first junk from an agency, and then dec another. ****ed.
midnightcaller
Expert Member
- Joined
- Jul 24, 2010
- Messages
- 2,328
My portfolio is in a similar structure.
I started to sell off stocks that are local entities and buy into stocks with off shore revenue. Also bought some dbxwd and dbxjp.
Can you elaborate on how you changed the structure of your portfolio?
DeathStrike
Expert Member
- Joined
- Jan 12, 2009
- Messages
- 2,390
How did you invest in USD cash? Do you mind sharing which unit trusts?
midnightcaller
Expert Member
- Joined
- Jul 24, 2010
- Messages
- 2,328
Which Allan gray offering did you use to get off shore exposure?
Orbis is offshore in USD. I think it's closed to new entrants though, not sure. You can also open bank accounts in USD, GBP, etc. through FNB https://www.fnb.co.za/travel-products/global-acc.html and thus, the other banks probably also have similar offering.
Chances are the banks will ream you when converting, but if held long-term this should be mitigated.