Agree with your sentiment on RAC @EWexplorer
Regarding the upcoming correction, ASX200 is just back to pre-pandemic level and if you discount past inflation (20-30% in 2020-2021 IMHO!) we're not 100% recovered yet. Compare that to the excesses of NASDAQ - I don't think we will be affected nearly as much as the US market (barring any milder side effects). Maybe some short term tree shaking but back to normal in 3-6 months?
Anyway I'd rather stick to my stocks rather than lose 10-15% a year to inflation with cash.
PS If I was to do any risk mitigation (I won't) that would be buying stock in companies that provide staple goods and services, commodities etc.
Chart: NASDAQ (QQQ - in white) vs AS200 (XJO - coloured)
RAC - Charts & Price Action, page-10283
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Last
$1.65 |
Change
-0.095(5.44%) |
Mkt cap ! $281.0M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.78 | $1.62 | $285.9K | 170.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16759 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 12047 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |