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Discussion in 'Australia' started by mhh, Feb 8, 2008.
Is it time to start wading back in? At what price is Mac Bank a buy?
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McDonalds have a bank now? Awesome!
Sign me up for an arterial hedge fund.
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.
If you need to ask those questions, then its never a good time
The answer is it might be, or it might not
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
I hope your wrong.
i hope THEYRE wrong!
but i dont wish to sell anytime soon so it matters not...either or
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
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.