Some difficult questions to answer. Ive made many decisions with the intention of either staying, going all in, diversifying or abandoning the Stockmarket all together for other less volatile investments like property. What has been shown before and probably will be again is that nagging voice in the back of my mind that when we do run into trouble i know which side I’d rather be sitting on. I might change my mind and get back in tomorrow , who can tell. I was feeling quite out of control last week. I had a lot of capital tied up in NAB. Around 370k in one stock. Sure, when things are rosy and the government and the economy is stable its easy to sit and watch and let the good times roll. I had a pretty quiet week last week so I spent a lot of time watching those stupid numbers rolling around to the point I couldn’t put it down. Waking up at 3am to check the US markets and the latest news is unhealthy. I know you know how it feels as I’ve witnessed those emotions in some of your posts. Not so much lately and the change has been gradual but noticeable. IMO that maturity has come from doing what I haven’t done which is some diversity and smaller investments outside you main holdings. I’m still not sure thats what I want from the markets, income or instant gratification but I will continue to ponder these questions daily, maybe hourly
It’s been a few years now and it wouldn’t be the first time I’ve thought about being better off with other investments. At the moment I’d hardly call what I’ve been doing as investing. It’s risky and a little reckless.
Anyway, been trapped at home most of the weekend with some atrocious weather. Thank goodness the markets have been closed. Things are looking green for tomorrow. Interesting to see what happens, The US markets have beeen hitting highs while ours is aimless. I would expect the movement from expected rises to expected rate cuts has had an impact. Lots of talk last week on the business channel of a preference to be generally underweight the Aussie market but when things change as they tend to do they do seem to blow with the wind.
Now here’s a question for you. If your not spending anymore of your own funds, how will you buy the next good stock that gets dumped? You’ve done very well out of those situations lately.
, who can tell. I was feeling quite out of control last week. I had a lot of capital tied up in NAB. Around 370k in one stock. Sure, when things are rosy and the government and the economy is stable its easy to sit and watch and let the good times roll. I had a pretty quiet week last week so I spent a lot of time watching those stupid numbers rolling around to the point I couldn’t put it down. Waking up at 3am to check the US markets and the latest news is unhealthy. I know you know how it feels as I’ve witnessed those emotions in some of your posts. Not so much lately and the change has been gradual but noticeable. IMO that maturity has come from doing what I haven’t done which is some diversity and smaller investments outside you main holdings. I’m still not sure thats what I want from the markets, income or instant gratification but I will continue to ponder these questions daily, maybe hourly
