CBA TA update, page-190

You haven't lost until you sold at a loss. It is a large paper loss even for a medium sized retail like me. I could have bought a new Range Rover or a couple of the new Landrover Defender for that amount of money but looking long term CBA is probably better for my wealth. Just putting things into perspective...

Plain and simple I see this as a dip, and to be fair to those putting salt on the wound, the start of a possible CBA correction perhaps. The way I see it, corrections are always there lurking but you don't know when it will make its next appearance. The sooner it happens the sooner CBA gets out of it. Having lived through the GFC with CBA in the portfolio, this has the air of the post-GFC April 2010 top to Oct 2011 bottom correction to it. That or today's action is just reminding me of some hard times and worst case scenario I have lived through with CBA in the past... Not a bad silver lining on a bad day at the markets.

I've never minded two steps forward and one step back. To put things into perspective (again), CBA did make two big leaps since Covid March madness last year and I'm fairly happy to have increased the holding from 19,500 to 25,000 on the back of that dip and recovery. It sucks but when in it LT got to take the good with the bad.

On your last line re miners in particular, I added $150k to my FMG holding recently on the back of the IO drop. At 4 times earning and a divvy of $3.58. Seemed silly not to buy when it hit the $14 mark. That top up looks to fully pay for itself in 3 years at least on paper... Even at today's close of $15.59 it looks cheap and with AF getting on the clean energy bandwagon, SP looks to be getting a tailwind regardless of the IOP. Have a look...