Shares and what people are doing with them?

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Forums › Finance and wealth management › Shares and what people are doing with them?

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#2444620 23-Mar-2020 15:47

Im glad I now sold a whole lot to buy a ute at the end of last year. Will hang onto the rest because they have to come back up again, if I sell them now I just have cash that I really cant do anything with other than buy something else and I am not enough of a financial whizz to risk selling one thing and buying another to see if it works out better, because with my luck it will probably work out worse.

Richard rich.ms

BlinkyBill

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#2444702 23-Mar-2020 16:47

richms:

... and I am not enough of a financial whizz to risk selling one thing and buying another to see if it works out better, because with my luck it will probably work out worse.

If Warren Buffet isn’t enough of a financial whizz to execute this sort of strategy, you will definitely end up worse.

driller2000

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#2444778 23-Mar-2020 18:41

lol - as a way to divert $5 GZ way i opened a sharsies acct yesterday and put $100 in it for "fun".

$100 on AIRNZ he said @ $0.99 - now trading @ .80. I rock at this shares thing!

ps: i will be largely ignoring my massive share portfolio (such as they are) - as the guvmint cant let AirNZ fail, right?

So they will come back one day....right? :)

PS: kiwiwsaver is another matter and i am ignoring this blip and most certainly not gonna lock the loss in by changing to a more conservative fund - just gonna ride it out...

SaltyNZ

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#2444786 23-Mar-2020 18:48

driller2000:

lol - as a way to divert $5 GZ way i opened a sharsies acct yesterday and put $100 in it for "fun".

$100 on AIRNZ he said @ $0.99 - now trading @ .80. I rock at this shares thing!

ps: i will be largely ignoring my massive share portfolio (such as they are) - as the guvmint cant let AirNZ fail, right?

So they will come back one day....right? :)

PS: kiwiwsaver is another matter and i am ignoring this blip and most certainly not gonna lock the loss in by changing to a more conservative fund - just gonna ride it out...

Yes, but the government won't be buying your shares off you. Once the shares are first sold by Air NZ, they don't get any money from later trades. What the government will do is invest its own money in Air NZ, which will make the value of your shares worth even less as a percentage of total ownership of the company. So they might come back up, they might not. Either way all fun and games if it's only beer money. :-)

iPad Pro 11" + iPhone 15 Pro Max + 2degrees 4tw!

These comments are my own and do not represent the opinions of 2degrees.

mattwnz

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#2444827 23-Mar-2020 19:21

I am not a financial expert and people should get financial advice. From what I can see with shares at the moment, is just the consistent flood of bad news, creating uncertainty. It hasn't had any time to recover before another piece of negative news occurs. Many people with kiwisaver are affected, especially if you are in higher risk funds. My fear is that some people may need access to their kiwisaver, and they may end up locking in these losses. It is potentially not going to be a good advert for it.

BlinkyBill

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#2444835 23-Mar-2020 19:27

mattwnz:

I am not a financial expert and people should get financial advice. From what I can see with shares at the moment, is just the consistent flood of bad news, creating uncertainty. It hasn't had any time to recover before another piece of negative news occurs. Many people with kiwisaver are affected, especially if you are in higher risk funds. My fear is that some people may need access to their kiwisaver, and they may end up locking in these losses. It is potentially not going to be a good advert for it.

this is a truely appalling post.

Everyone is affected, not many. KiwiSaver, other than some specific circumstances, is not accessible. Losses will not be ‘locked in’. Historically there is strong evidence that the market will recover - it’s a case of not panicking.

it is better not to post with this very low level of financial acuity. It is only alarmist, and quite discordant with the other posts in this thread.

Intravix

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#2444839 23-Mar-2020 19:31

Waiting to buy more! Down a few grand on my smallish portfolio, but some of that was due to poor decisions before the crisis. Not worried, being optimistic about things improving and will look to buy some more shares and ETFs soon, with a long term view.

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Handle9

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#2444844 23-Mar-2020 19:39

BlinkyBill:

mattwnz:

I am not a financial expert and people should get financial advice. From what I can see with shares at the moment, is just the consistent flood of bad news, creating uncertainty. It hasn't had any time to recover before another piece of negative news occurs. Many people with kiwisaver are affected, especially if you are in higher risk funds. My fear is that some people may need access to their kiwisaver, and they may end up locking in these losses. It is potentially not going to be a good advert for it.

this is a truely appalling post.

Everyone is affected, not many. KiwiSaver, other than some specific circumstances, is not accessible. Losses will not be ‘locked in’. Historically there is strong evidence that the market will recover - it’s a case of not panicking.

it is better not to post with this very low level of financial acuity. It is only alarmist, and quite discordant with the other posts in this thread.

Yes absolutely agree. If you do not understand financial markets it's better not to comment.

afe66

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#2444850 23-Mar-2020 19:43

I've been buying passive index units (smartshares) for 15 year or so with the dividends automatically use to buy shares
So bit of compounding shares.

My plan is to increase purchases every fortnight or so for the next 3 months aiming at the us market.

This will lower the average unit cost of my portfolio and as I have already been buying for a long time, I am happy with long term returns. To be honest I only look at the unit worth when dividends are paid every 6 months or so.

I dont actually know the current unit values of my shares but as they include a nz, au, us, Pacific etc units there will be losses.

Although the us units I block purchased 3 years ago may still be above my purchase price.

alasta

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#2444868 23-Mar-2020 20:02

My managed funds are in a conservative position because I need to use that capital to buy a property later this year. I have lost 5% so far this month which probably doesn't sound like much but in terms of $ it really hurts.

I can't help wondering how much lower it can go. The business commentator on Checkpoint tonight pointed to a particular tourism related company whose market cap was significantly lower than the value of their tangible assets so investors must be really panicking.

timmmay

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#2445099 24-Mar-2020 05:36

alasta:

My managed funds are in a conservative position because I need to use that capital to buy a property later this year. I have lost 5% so far this month which probably doesn't sound like much but in terms of $ it really hurts.

I can't help wondering how much lower it can go. The business commentator on Checkpoint tonight pointed to a particular tourism related company whose market cap was significantly lower than the value of their tangible assets so investors must be really panicking.

You only lose it if you cash out. Give it a year or two and you'll be up on where you started.

ben28

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#2445119 24-Mar-2020 06:47

driller2000:

lol - as a way to divert $5 GZ way i opened a sharsies acct yesterday and put $100 in it for "fun".

$100 on AIRNZ he said @ $0.99 - now trading @ .80. I rock at this shares thing!

ps: i will be largely ignoring my massive share portfolio (such as they are) - as the guvmint cant let AirNZ fail, right?

So they will come back one day....right? :)

PS: kiwiwsaver is another matter and i am ignoring this blip and most certainly not gonna lock the loss in by changing to a more conservative fund - just gonna ride it out...

This was on the Sharetrader.co.nz Airnz thread, obviously only one persons opinion but you did ask!
Plenty of time to close this out in due course when they're close to worthless. ....

I expect they will do a rinse and repeat of the 2001 bailout with bigger numbers. When the share price goes under 25 cents they will announce their previous $900m will be converted to equity and another $900m injected as well. Massive cash issue coming at 25 cents to raise about $2b.. N.Z. Govt will end up with approx. 90% of the airline this time by my indicative back of the envelope calculations, (but will be keen to be seen to be showing support as opposed to simply nationalising the airline).

The ugly truth is minority shareholders are the sacrificial goat here and are being sold down the river with the $900m "support" package at a very high interest rate.

Fred99

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#2445124 24-Mar-2020 06:56

timmmay:

You only lose it if you cash out. Give it a year or two and you'll be up on where you started.

Unless this time it's different and it ends up like Japan - where share indices never recovered from their peak >30 years ago.

I suspect a bit of a rethink of how markets function is desperately needed. The way it is now, if markets do recover, rumours of someone sneezing somewhere could cause another collapse.

People's unrealistic expectations of what "normal" returns are have blossomed over the past decade.

afe66

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#2445224 24-Mar-2020 09:23

Shares dont have to appreciate much to beat the banks when ocr is 0.25%.

Theres a chance we end up like japan with low share prices which is why you have diversified portfolios.

As I mentioned above. I have units based in au USA NZ so some coincidence. If I had chased returns I would have put all my cash in nz units which did greater than 10% return for more than 5 years.

TinyTim

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#2445316 24-Mar-2020 10:35

afe66: I've been buying passive index units (smartshares) for 15 year or so with the dividends automatically use to buy shares
So bit of compounding shares.

My plan is to increase purchases every fortnight or so for the next 3 months aiming at the us market.

This will lower the average unit cost of my portfolio and as I have already been buying for a long time, I am happy with long term returns. To be honest I only look at the unit worth when dividends are paid every 6 months or so.

I dont actually know the current unit values of my shares but as they include a nz, au, us, Pacific etc units there will be losses.

Although the us units I block purchased 3 years ago may still be above my purchase price.

I'll be buying too, but I'm going to wait until our alert level drops back to 1 (or 2), when prices should start rising again. And we know that we both have our jobs!

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