spatial
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Post by spatial on Mar 12, 2020 3:51:42 GMT 10
I'm thinking of using dollar averaging, and spreading share investments over the next few months. I don't feel smart enough to catch the bottom of the market, so hopefully that will average it out. Be careful. As stated in first post this has triggered one of my early SHTF, time to liquidate assets and horde cash under the mattress among the toilet paper. WHO just declared pandemic, US stocks dropped another 5%, wild swings over the last few days. Very close to bear market and all out panic selling. Doc warning in 8 days the US will where Italy currently is. In lock down. I am no financial expert in any means, I am withdrawing all extra cash out the bank - hold for 3 weeks see what happens. |
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Post by spinifex on Mar 12, 2020 8:36:37 GMT 10
Interesting that different parts of the country now have different levels of TP buy-o-mania. You could start bootleg TP trade 'prohibition style'. Do I get to carry a tommy gun? Hell yes. That would be tax deductible as a tool of trade. Or PPE. |
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frostbite
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Post by frostbite on Mar 12, 2020 10:02:00 GMT 10
I had one in my hands at Tarragindi Gun Shop, Qld, in 1990. No licence required. $2500, which was a bit of money back then. Heavy, but sexy, like a plus sized model.
And no, I didn't buy it. Had just spent $8k on a new GSXR750.
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ygidorp
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Post by ygidorp on Mar 12, 2020 11:25:48 GMT 10
Be careful. As stated in first post this has triggered one of my early SHTF, time to liquidate assets and horde cash under the mattress among the toilet paper. WHO just declared pandemic, US stocks dropped another 5%, wild swings over the last few days. Very close to bear market and all out panic selling. Doc warning in 8 days the US will where Italy currently is. In lock down. I am no financial expert in any means, I am withdrawing all extra cash out the bank - hold for 3 weeks see what happens. Yes, still holding pattern for now. I'm expecting it will get worse. |
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spatial
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Post by spatial on Mar 12, 2020 17:34:42 GMT 10
Be careful. As stated in first post this has triggered one of my early SHTF, time to liquidate assets and horde cash under the mattress among the toilet paper. WHO just declared pandemic, US stocks dropped another 5%, wild swings over the last few days. Very close to bear market and all out panic selling. Doc warning in 8 days the US will where Italy currently is. In lock down. I am no financial expert in any means, I am withdrawing all extra cash out the bank - hold for 3 weeks see what happens. Yes, still holding pattern for now. I'm expecting it will get worse. Australian stocks down almost 8% today, www.asx.com.au/Much of US market in pre-trade halt as Trump bans all flights for Europe for 30 days. Fastest drop to bear market in history. Sell all while you can. |
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ygidorp
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Post by ygidorp on Mar 12, 2020 22:46:35 GMT 10
We have a small amount in ASX200 index fund shares. As we're relatively young, I'm happy to leave it there to ride it out. I don't think it's the end times, so in a few decades it should recover. Hence my desire to buy into it in a few months.
Hard to predict, it's always looking through the crystal ball.
I do wish I had more control over my super though.
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Post by milspec on Mar 13, 2020 7:52:32 GMT 10
I'm not too fussed about the funded component of my super as I switched it into cash late last year as my spidey senses weren't feeling great about market prospects and I'm only 7 years away from being able to draw the funds. Once the market turns I'll put it back into a growth oriented fund. In the meantime I'm happy to have circumvented the market plunge.
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ygidorp
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Post by ygidorp on Mar 13, 2020 8:31:35 GMT 10
Yeah that makes a lot of sense. If your time line is short, I would even leave it in a defensive allocation.
I largely ignore my super and hope to one day consider it just the icing on the cake after my other investments.
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myrrph
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Post by myrrph on Mar 13, 2020 12:39:03 GMT 10
this pandemic reminds me of the 2 season series Jeremiah
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Post by SA Hunter on Mar 13, 2020 13:40:21 GMT 10
this pandemic reminds me of the 2 season series Jeremiah Mate, how are things in your part of the world?  ? |
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bug
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Post by bug on Mar 13, 2020 15:41:08 GMT 10
Yeah that makes a lot of sense. If your time line is short, I would even leave it in a defensive allocation. I largely ignore my super and hope to one day consider it just the icing on the cake after my other investments. The greatest risk to your super is the government, not a virus. The initial super plans from the 1990s were good. Ever since then one government after the other has been chipping away at it to refill their coffers. The day will come when it is fully taxed the way regular income is. There'll be no deductions and you can't choose not to put into it. |
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ygidorp
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Post by ygidorp on Mar 13, 2020 16:14:10 GMT 10
I would have preferred to have access the dollars locked away in my super and invested it elsewhere. But I can understand the initial premise was good.
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grumble
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Post by grumble on Mar 13, 2020 16:15:49 GMT 10
I had one in my hands at Tarragindi Gun Shop, Qld, in 1990. No licence required. $2500, which was a bit of money back then. Heavy, but sexy, like a plus sized model. And no, I didn't buy it. Had just spent $8k on a new GSXR750. I think that if only we knew now w knew back then I remember when i proudly took possession of my H&K G3 for the princely sum of $2900 it did come with 6 mags and 1500 rounds of ex mil ammo though i had the chance at the time to buy a lovely Barrett M82a1 but the godly price of $13000 back in 94 put me off but it did come with 100 rounds i did pick up an AK meagun for $375 from Owens guns at the same time though that was a handy toy how does this relate to the thread well i think a lot of people will be looking back in 10 or 20 years going gee if only i had known |
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Post by spinifex on Mar 13, 2020 17:16:49 GMT 10
I had one in my hands at Tarragindi Gun Shop, Qld, in 1990. No licence required. $2500, which was a bit of money back then. Heavy, but sexy, like a plus sized model. And no, I didn't buy it. Had just spent $8k on a new GSXR750. Yep. They certainly do look and feel awesome. Definitely not for taking on a long hike. I got to play with one back in the 80's. |
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Post by spinifex on Mar 13, 2020 17:18:12 GMT 10
I had one in my hands at Tarragindi Gun Shop, Qld, in 1990. No licence required. $2500, which was a bit of money back then. Heavy, but sexy, like a plus sized model. And no, I didn't buy it. Had just spent $8k on a new GSXR750. I think that if only we knew now w knew back then I remember when i proudly took possession of my H&K G3 for the princely sum of $2900 it did come with 6 mags and 1500 rounds of ex mil ammo though i had the chance at the time to buy a lovely Barrett M82a1 but the godly price of $13000 back in 94 put me off but it did come with 100 rounds i did pick up an AK meagun for $375 from Owens guns at the same time though that was a handy toy how does this relate to the thread well i think a lot of people will be looking back in 10 or 20 years going gee if only i had known You prefer the G3 over the SLR? |
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grumble
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Post by grumble on Mar 13, 2020 18:02:52 GMT 10
I think that if only we knew now w knew back then I remember when i proudly took possession of my H&K G3 for the princely sum of $2900 it did come with 6 mags and 1500 rounds of ex mil ammo though i had the chance at the time to buy a lovely Barrett M82a1 but the godly price of $13000 back in 94 put me off but it did come with 100 rounds i did pick up an AK meagun for $375 from Owens guns at the same time though that was a handy toy how does this relate to the thread well i think a lot of people will be looking back in 10 or 20 years going gee if only i had known You prefer the G3 over the SLR? At the time i couldn't get an SLR locally and i really wanted a new toy so my local disposal shop where i spent far far far to much money said "hey you know how were looking for something different check this out " then hands me this beautiful little black German gun that looked bad assed so i was like yep ill take it Plus i already had a weak spot for H&K as i had a H&K 940 chambered in 30-06 i loved those guns If had the chance at the time i would of bought an SLR but yeah locally they were sold out I had a bad habit at the time of buying odd ball toys like a SAR made by Australian Automatic Arms in Tasmania and a USAS 12 made by daewoo of all people ah the good old days darn i miss those days i remember having my mosberg maverick 88 on the dash of my XY ute wrapped in an ammo belt and when i was pulled over by a member of QLDS finest his only comment was toss it behind the seat if im going to stop at the pub other wise have a nice day |
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frostbite
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Post by frostbite on Mar 13, 2020 18:03:43 GMT 10
I had one in my hands at Tarragindi Gun Shop, Qld, in 1990. No licence required. $2500, which was a bit of money back then. Heavy, but sexy, like a plus sized model. And no, I didn't buy it. Had just spent $8k on a new GSXR750. Yep. They certainly do look and feel awesome. Definitely not for taking on a long hike. I got to play with one back in the 80's. I shot one in Hawaii a couple of years ago, also an AK, M4, MP5 and M1A. Was a good day  But probably the most fun my trigger finger has ever had was with a full auto suppressed Uzi. |
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myrrph
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Post by myrrph on Mar 14, 2020 23:31:16 GMT 10
this pandemic reminds me of the 2 season series Jeremiah Mate, how are things in your part of the world? ? well...DORSCON Orange came and went. We started BCP exercises in case of Red. Now its back to office, minimal FTF external meetings. temp checks 2x a day, declarations for overseas travel. the number of cases declined steadily until 2 new clusters popped up due to irresponsible social behviour. We also started gettig more imported cases. I am prepped for 6 months without leaving the house.. so I'm good for the moment. The local prepper group is updating each other on stuff we see, hear and spot. so far so good |
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bug
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Post by bug on Mar 15, 2020 14:37:48 GMT 10
I would have preferred to have access the dollars locked away in my super and invested it elsewhere. But I can understand the initial premise was good. Same. It irritates me that I have non-deductable debt (aka home loan) but I am forced to put money into what is effectively a taxed and inaccessible savings account. |
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fei
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Post by fei on Mar 15, 2020 15:09:38 GMT 10
Mate, how are things in your part of the world? ? well...DORSCON Orange came and went. We started BCP exercises in case of Red. Now its back to office, minimal FTF external meetings. temp checks 2x a day, declarations for overseas travel. the number of cases declined steadily until 2 new clusters popped up due to irresponsible social behviour. We also started gettig more imported cases. I am prepped for 6 months without leaving the house.. so I'm good for the moment. The local prepper group is updating each other on stuff we see, hear and spot. so far so good We're pretty much the same where I am. Back at work, but with daily temp checks and spacing in force. Have had a few isolated cases, some from Chinese returning for the free coronavirus health care. Chinese embassies worldwide now apparently telling Chinese living overseas not to go back to China for treatment. |
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