There is a time for sowing (buying) and a time for harvesting (selling). I posted 4/9 that the markets were overdue for a correction. Since then the DOW has fallen 2000 points and the NASDAQ about 1200 points. The ASX has got the gitters as well. There is a lot of negativity around the markets atm, Covid, China trade spats, US elections, Incompetence in Victoria, Travel bans, Border closures, some shares in bubble territory, REIT's hammered, lack of dividends or no dividends at all, the list goes on. I have been selling into the rallies and am cashed up.
The worst mistake is to fall in love with a share as it will come back to bight you. TLS holders have been smashed for example. Bear markets take time to play out as do bull markets. If you have a $200K p.a. jod & 30+ years on your side in the work force then its a different game. When you get to the pointy end of your life peoples perspective changes............greatly. Manage your risk & sleep well.
GNC Price at posting:
$4.14 Sentiment: Hold Disclosure: Not Held
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