Yes, it's about strategy, that's a redundant statement. An outlook of "I think it will be stagnant or worse for 2-3 years" doesn't require a day trader to act on! You're literally talking about multiple years, not intraday.
No one can guarantee anything, but sure, I can see better options. Right now I have my money in safe places - precious metals, companies with consistent growth in recession-proof sectors etc. It's not generally like me to play it safe, but for the next six months or so I don't expect to be able to reliably watch the market closely and I see a risky outlook for the broader economic situation, so for the next six months (and likely longer, but I'll reevaluate in a few months) I'm in safe, reliable things which will not be multibaggers but will allow my money to appreciate.
Heck, I'd rather just have money sitting in the bank for a year then reevaluate rather than have it sitting in something I thought would be stagnant or go down for the next 2-3 years. Why buy now if you don't expect it to appreciate in value for 2-3 years? It doesn't take a day trader to find time at some stage in the next couple of years to assess what they're doing.
- Forums
- ASX - By Stock
- Ann: Additional Tenements Expand Strategic Landholding at Rincon
Yes, it's about strategy, that's a redundant statement. An...
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGY (ASX) to my watchlist
|
|||||
Last
4.2¢ |
Change
0.003(7.69%) |
Mkt cap ! $61.14M |
Open | High | Low | Value | Volume |
3.9¢ | 4.6¢ | 3.9¢ | $556.4K | 13.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2026489 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 193027 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2026489 | 0.042 |
2 | 3345718 | 0.041 |
6 | 1823396 | 0.040 |
6 | 1357494 | 0.039 |
11 | 817851 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 193027 | 2 |
0.045 | 188813 | 4 |
0.046 | 875726 | 7 |
0.047 | 350237 | 3 |
0.048 | 100000 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
AGY (ASX) Chart |