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OT- time to return to the stock market?

Discussion in 'Australia' started by mhh, Feb 8, 2008.

  1. mhh

    mhh F1 Veteran

    Feb 16, 2004
    5,739
    Australia
    Full Name:
    Mark
    Is it time to start wading back in? At what price is Mac Bank a buy?
     
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  3. ashsimmonds

    ashsimmonds F1 World Champ

    Feb 14, 2004
    14,185
    adelaide, australia
    Full Name:
    Humble Narrator
    McDonalds have a bank now? Awesome!

    Sign me up for an arterial hedge fund.
     
  4. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,780
    Melbourne, Australia
    Full Name:
    Brett
    What is it they say mhh

    Don't mention the war, ooooooppss I mean the sharemarket.

    I'm too scared to log in at the moment to see the damage. lol

    All I know is the last time I looked all my lines were red except one, and that one went red today.
     
  5. SPEEDCORE

    SPEEDCORE Four Time F1 World Champ

    Jul 11, 2005
    42,409
    Full Name:
    Toe Knee
    If you need to ask those questions, then its never a good time :p
     
  6. Beej

    Beej Rookie

    Jan 31, 2006
    4
    Sydney, Australia
    The answer is it might be, or it might not :)

    Beej
     
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  8. [355]

    [355] F1 Veteran

    Apr 10, 2006
    8,266
    Spacious tent
    Full Name:
    Harold Faltermeyer
    buy it now, but be prepared to hold it

    i agree with the opinion that this correction will be lengthy, and itll be a year, maybe two, before she climbs back up to pre-correction heights
     
  9. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,780
    Melbourne, Australia
    Full Name:
    Brett
    I hope your wrong. :)
     
  10. [355]

    [355] F1 Veteran

    Apr 10, 2006
    8,266
    Spacious tent
    Full Name:
    Harold Faltermeyer
    i hope THEYRE wrong!

    but i dont wish to sell anytime soon so it matters not...either or
     
  11. 360C

    360C F1 World Champ
    Lifetime Rossa Owner

    The market will be volatile for a while yet; but if you have a mid to longer term outlook, IMO it's fine to buy in where you see opportunities. I would average in rather than going all in in one hit.

    Two days ago I bought more ASX as they are expected to report well next week. I also bought Macquarie bank when the market reacted to the Boss retiring. FWIW I have increased the portfolio by about 20% since the big correction. Still have cash reserves waiting for opportunities.

    My outlook is Blue chip mid to long term. I don't trade much unless something goes wrong in the stock
     
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  13. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,780
    Melbourne, Australia
    Full Name:
    Brett
    I agree with you there 360. Although I probably started to buy a little early (2 weeks ago) and the shares have continued to drop a bit, my pruchase price was still a lot lower than the highs pre Xmas. (Bought banks etc)

    The dividend payments I suspect will be similar so as a percentage should give a good return even though the capital growth in the short to medium term may be minor.

    Thats my theory anyway. :) Only time will tell.
     

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