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Same as wworthsMissus sees paper 32s at 40c gets emsame tomatoes...

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Furpo2

9,277 Posts.

32

21/03/20

22:17

Post #: 43625507
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Originally posted by rocket973: ↑

The problem for most people is that they're in a managed super fund rather than managing their own money ie SMSF.
Yes, the current situation comes as a shock to everybody, but if you managed your own money you wouldn't have bought at the top. Managed superfunds don't care, it isn't their money.
When you manage your own superfund (SMSF) you just don't buy when valuations are stretched, only buy good dividend paying stocks or growth stocks on low P/E's. Then if the market goes down you may lose your profits but you don't lose your capital.
Now is the time to buy, some stocks at current prices are paying 15% + franking credits. When everybody was wetting their pants during the GFC, that was the time to buy cheap stocks. With stocks that pay high dividends then you don't need to sell in a panic.
Don't borrow money to buy stocks, if you can't afford to buy with your own money then don't buy.
During the GFC you could buy ALL at $2 or CCP at 90c. RIO at $40. Anybody who recently paid $100 for RIO or ALL at $35 have rocks in their head.

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Same as wworths
Missus sees paper 32s at 40c gets em
same tomatoes 20, 40c
Whether we need em or not.

Imagine me telling her to budget

Sorry have life to live
maybe cuddle
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