CBA back to $45-50 again soon?, page-12

interesting article, and thanks for sharing

I've certainly started pumping a few cigarettes around the workshop thinking if the virus is gonna kill us all I might aswell indulge, liquor and cigarettes should do very well in the wake of increased unemployment, mental health issues and depression

I think it's important I explain a few things, I own my shares, no margin loans,
I'm young and I have time on my side, I often find when i do a lot of research and listen to analysts I make the wrong decisions, after 10 years of investing and trading I have learnt the best time to buy a stock is when the sp is undervalued after it's been hammered down by typically a news event, often unfairly, or "short term" what I call "when no one wants it"

I am struggling to see now how the banks moving forward will continue to pump out the profits they have in previous years because of the two factors explained in the article also, however I have faith that CBA as a fantastic, successful, integral and resilient business will overcome exceed and outperform what's analysts are expecting. it's not blind faith either, they have a proven track record.

agreeably I could make faster money by trading growth stocks or investing in a bunch of other blue chips across other sectors, all be it I find this is not as easy as it sounds and higher risk for myself

I'm not looking to get rich quick, I've been trying that for 10 years, i load up on a growth stock just so it can fall 5 figures in the red, I hold for 12 months just to close out 4 figures in the green after loosing sleep and getting a sore thumb refreshing my phone 10 hours a day. only to watch it double the following week from my sale price !

cba is a set and forget and I like the big round number of 1000 when I check my phone

it makes up 50% of my portfolio now, I also have A2M, NAN, FMG, TWE, VESG plus another 250k in super that's spread diversely

after 10 years I've found the market does the opposite of what people typically expect it to do, if sp goes under 50 I'll buy another 1000-2000 shares becuse I have the time and money, but if it goes to 70 I'll kick myself spew and say should have, could have, would have, before really getting pissed of when it goes back to 80

I'm having a stab that CBA will be back in the sun sooner than the current SP reflects and that the debt crisis will not happen, people will not default on loans, in fact they'll come good on them or pay some extra penalties as they struggle along the way