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34.5¢ red 5 limited

After selling RED I am now around 40% cash and 20% hybrids and...

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georisk

1,342 Posts.

77

09/09/24

16:31

Post #: 75595601
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Originally posted by Jack1960: ↑

l too felt markets would hold up until the US election was over.

l still think they will as investors over the last 15 years have been trained to buy the dip.

l can see another 10% sell off, the FED bring in the cavalry and the market buying into Powel put, yet again. Naturally , data will impact response and emotion and could come into play if employment falls off a cliff.

When we get the correction that we deserve, of the 30% plus variety, l believe there will be no safe haven other than cash. Absolutely everything will be sold off.

While l am currently aggressively buying a few favourites in currently out of favour sectors, am keeping a close hold onto my 10% cash reserve, a rather large nominal amount.

l am looking for a bounce to give me a selling opportunity, but if it does not come, l sleep pretty comfortably at night anyway.

In the short-term Cash provides that better than anything else. It is a stretch asset rather than a long term one.

GLTASH

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After selling RED I am now around 40% cash and 20% hybrids and battening down. Still probably have too much in gold, copper, and fossil fuels but I generally buy what I know. Also a few blue chips to keep the missus happy.

RED Price at posting: 29.0¢ Sentiment: Sell Disclosure: Not Held
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