has anyone learnt anything from market crash, page-67

one of hc's best ever threads. no rubbish here at all imo. great for learning.

well, 40's been thro a few ups and downs and is still learning heaps.

one of my better feels is to never be greedy. i posted heaps on this as the asx soared to new daily/weekly highs. minnows chasing double digit rises back to back. it was stupid.

never be afraid to take some out on the way up. then carry on taking out more if the price moves well ahead again and again. most of theses flyers return to earth very quickly once the fuel runs out. if it does turn out to be the century winner then you'll have had a profitable ride and still be there. if however, the usual bump becomes crash, then you should still be solvent if not somewhat richer.

that's the greed one sorted.

always keep some powder dry, ie cash in the kitty. always.

i do not approve of investing with money you cannot leave in the mkt, nor do i approve of borrowing. i know the saying is use other people's money to make money but most of us will come a cropper this one, so for me it's a no goer.

now's the time for young'uns to start regular savings into funds with a good chunk of their free earnings on a monthly basis. buy the odd stocks too but unless you have a lot of spare time to study the mkt and company's reports/announcements you are very likely going to miss a bad announcement and will fail to get out in time.

last but not least, now could well be the best time in a lifetime to buy stocks. why ? all gvts have thrown money at saving the credit crisis which can only lead to rampant inflation moving forward. this inflation will create companies to raise their prices, (incl profits here) and nta's will rise along with the inflationary effects. cash will be bad to hold but using the greed scenario in reverse, do not throw it all in now. ride the ups and any more downs we get.

remember, the world will not end because the mkt has come back one hell of a tumble.

confidence will recover and so will business.

opportunity of a lifetime ? very very probably.

2009/10 ?

should be good, based on history.

on that note,

be good,

40.