Stocks

[R13...]

So stocks are taking quite a hammering hey. I have lost half my gains on my balanced funds and over 10% on equities in the past 2/3 weeks. If it's '08 style decline then it's time to buy wherever you think it's bottoming out.

 

[Creag]

Question : where is the bottom? Prices are still overvalued.

 

[Hamster]

So stocks are taking quite a hammering hey. I have lost half my gains on my balanced funds and over 10% on equities in the past 2/3 weeks. If it's '08 style decline then it's time to buy wherever you think it's bottoming out.

The JSE Sale now open!

It's been a bit rough and depressing :/

 

[Creag]

Most of my shares are still in the black. The exception is Adcock which is well down. The net effect of dividends prevents me from selling.

 

[Gnarls]

It had to happen. The P/E ratios of some companies were just ludicrous. I'm just trying to pay off debt and save some cash so when I see the first hint of recovery I'm buying as much as I can.

 

[Creag]

I am still putting money monthly into my account, but waiting for the market to sort itself out. PE's are too high. Ridiculous spending at those levels.

 

[Beachless]

I'm trying not to look

 

[Creag]

I'm trying not to look

I'm with you there

 

[Ocali]

any shares in particular we should be looking at/monitoring ???

 

[*SynergyX*]

long overdue correction.... the euphoria phase of the market is over where people were throwing stupid money into it.

 

[Garson007]

Question : where is the bottom? Prices are still overvalued.

Yup. P/E is still north of 16. Another 10-20% drop would not be completely shocking.

I'm going to continue playing blind and putting 10% of my salary into the market.

 

[Garson007]

Question is, where is all the money going? Commodities are also down. Bond yields are down, so I'm guessing there's a clue.

 

[Shard]

Market is correcting, nothing unusual about this.

You just have to strap in for the ride, no one can really predict the correct time to enter and exit, those who do are generally lucky.

This is why you always have an investment horizon for money you put into the market and why they say 5 years for equity funds. The simple reason for this is that if you put your life savings in and the next day there was a crash, 5 years is long enough to regain that and then whatever the expected gain was on top of that i.e. 20% pa.

Of course there are always people that get lucky on the timing and get in after a crash or downward correction by luck. These are the guys that claim they are investment guru's at dinner parties when they were honestly just lucky.

 

[shauntir]

Just had to log in to my SB online portfolio. See I'm now making a loss...

Not even a noob investor since I've only been doing this for a year. Got some satrix divi etfs and a very small portion of MMI.

Thinking that it's probable best not to buy anymore stocks just yet and let the cash sit in my account. Was just thinking I need to buy some SASOL BEE stocks soon. Haven't done a real trade yet.

 

[R13...]

any shares in particular we should be looking at/monitoring ???

The price of gold has been down for a while now, but gold stocks were up over 5% yesterday. I have been thinking of buying Lonmin but they seem to be staying at near Marikana levels since Marikana. Sasol were 570 yesterday from >650 a few weeks ago. So it's really for you to monitor and decide what to buy. But the likes of Sasol have good dividend yields so share price shouldn't matter too much.

 

[R13...]

Yes those Sasol BEE shares haven't really gone anywhere since trading began. Buy MTN have done really well I bought at 20 and now sitting over 90 to 100.