$50 here we come..., page-406

First 406 Last

Share
Profile

Follow
sexythang

4,207 Posts.

127

09/03/20

19:03

Post #: 43390474
Share

Originally posted by StefanF ↑

I come from a small family. Between myself, my fiance and my dad we span across three distinct industries. Myself I'm in banking, my fiance works for an oil and gas company and my step dad is an engineering lecturer at an Australian university. Banking is going through a crisis with capital markets closing quick, liquidity drying up and net interest margins squeezed by lower cash rates and very likely a future increase in bad debt charges. Oil prices (and oil companies) have taken an absolute beating, and just recorded the biggest 1-day drop in history. Universities which are heavily reliant on overseas students, in particular Chinese students, are having a really hard time. Almost every close family member is facing increasing uncertainty and this is happening right across most, if not all, industries.

Which part of my portfolio adjustments based on my own research and experience is mindless? Mindlesses are those who think the virus only affects tourism and education and has no impact on other industries. Mindeless are those who think APT is magically sheltered from a supply and demand shock to the economy.

I'd hate to see what your portfolio looked like today, let alone over the last 10 or so days, but hey at least you are not a sheep!

Expand

Don't mind me asking what industries is your portfolio comprised of?

APT Price at posting: $27.63 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes