Tbh, I never hope I'm wrong, because I love being right. :D...

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DmitriMA

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22/08/24

17:48

Post #: 75330385
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Originally posted by 1ronnie: ↑

WHAT IF I AM WRONG?

> I hope I am (I really do, with no regrets) [ P.S Have I ever been that wrong, yes usually months ahead too early ]
> Because that means despite all the mayhem and problems, economy and markets remain resilient and can endure
> Our super would be safe, our property prices would hold up
> We won't have mass unemployment, nor higher taxes than necessary and less societal problems
> What would I lose? Nothing, still able to get >3% pa interest on cash and also decent stock opportunities (buying higher to sell higher)

WHAT IF I AM RIGHT?

> I won't face stock losses, or diminution in wealth
> Instead of being stuck with stocks under water (perhaps for a protracted time), I am able to bargain hunt steadily as the carnage unfolds (vulture investing)
> Gold will shoot the lights out, that would help offset some of the negatives
> In a deflation, cash is king, many things would be on sale (liquidation sale)- what loss of purchasing power?
> I won't have to return to work because I lost so much money in the stock market, regretting not settling for a smaller loss ending up with a bigger one
> Feeling vindicated that I did not let Greed get the better of me. Better to worry early than to worry late - most contrarians buy when others are selling, but how many contrarians are there that sell when others are buying?

WE ARE THE CHOICES WE MAKE.

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Tbh, I never hope I'm wrong, because I love being right.
It's literally my second favourite thing... just behind making money.

Btw, cash allocation is collecting ~5% in Australian Super.
Getting 4.4% with Peoples Choice CU, also.

Last edited by DmitriMA: 22/08/24
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First 23368 Last

Tbh, I never hope I'm wrong, because I love being right. :D...

QMines jumps +4.6% on drill hits boasting high copper grades

QX Resources increases US lithium footprint with key agreements

Legacy hits high-grade gold, silver and copper through drilling at NSW's Bauloora

SkyCity jumps 2% after copping A$3.6M fine from NZ High Court – far below AUSTRAC's fine

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Tbh, I never hope I'm wrong, because I love being right. :D...

Top Stories

QMines jumps +4.6% on drill hits boasting high copper grades

QX Resources increases US lithium footprint with key agreements

Legacy hits high-grade gold, silver and copper through drilling at NSW's Bauloora

SkyCity jumps 2% after copping A$3.6M fine from NZ High Court – far below AUSTRAC's fine

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

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