Ann: Half Yearly Report and Accounts, page-30

Amigos, I'm reading on some HC sites that the shareprice of large companies could fall much further. (Remember BHP fell to about $15 in the GFC and it is now at about $26 after a recent high of $40.) So according to those posters (who are traders) now is a time to trade the volatility. I am a long-term investor, rather than a trader, so gambling on day-to-day volatility is NOT for me. However, there is a temptation to try and pick the bottom, and then jump in. But the bottom could be about 3 months away (if we use the GFC as a rough guide). So what do we do? My strategy is to save some money from my wages over the next 3 months, and put it into a piggy bank (the Commsec account). Also, I will sell some shares in stocks which have the most amount of "fat". For me, selling Corazon at 0.1 cent is not a good strategy, but it's your decision. Even though I will be selling some shares at a big loss now, the money will go into the piggy bank. My resolution is to break the piggy bank in 3 months. Then, if all goes to plan, I will have a sum of money which I will use to buy under-valued stocks at the close of the 2019-2020 financial year. The money in the piggy bank will help average down the price of existing shares, or enable me to buy into a new company with a clean slate. Good luck to everyone through this aweful period, and I'm interested in reading the strategies of other posters.