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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#2445481 24-Mar-2020 13:59

I'm waiting to pounce on a large purchase of shares... diversified selection across AU/NZ / US... not sure about the UK/Europe, but perhaps.

Many of these companies are simply going to bounce back following this situation.

I don't get why energy companies in NZ have fallen so dramatically -- might be worth weighting these a bit heavier .

mattwnz

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#2445487 24-Mar-2020 14:05

surfisup1000:

I don't get why energy companies in NZ have fallen so dramatically -- might be worth weighting these a bit heavier .

I suspect some stocks are being pulled down with the others. But I also suspect power companies will lose some money from commercial power use.

surfisup1000

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#2445496 24-Mar-2020 14:17

mattwnz:

surfisup1000:

I don't get why energy companies in NZ have fallen so dramatically -- might be worth weighting these a bit heavier .

I suspect some stocks are being pulled down with the others. But I also suspect power companies will lose some money from commercial power use.

I agree with you. But, this is a temporary fall in revenue for a rock - solid dividend producing utility company.

Genesis fell from around 3.25 to a low of 2.01 -- roughly 1/3 fall which will most likely bounce back in a year from now.

BlinkyBill

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#2445628 24-Mar-2020 17:48

Stock market up 7% today.

tukapa1

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#2445634 24-Mar-2020 18:02

I've lost $100k but I've still got almost 20 years to retirement so I'm not too bothered - keep chucking money in, keep it in growth and wait for the bounce.....

mattwnz

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#2445650 24-Mar-2020 18:34

tukapa1:

I've lost $100k but I've still got almost 20 years to retirement so I'm not too bothered - keep chucking money in, keep it in growth and wait for the bounce.....

Is that kiwisaver or do you buy companies individually?. They benefit of buying the individually, is you can sell off some , and leave others.

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BlinkyBill

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#2445724 24-Mar-2020 19:44

The disadvantage of buying individual company shares is 1) you need to know how to read and understand annual reports, balance sheets, and news reports of company activities, 2) you need to have the time to do all that due diligence, 3) you have to track the market trends and international macroeconomics, and 4) be willing to gamble and take risks and lose money.

otherwise you are simply guessing.

there is concrete evidence that passive investing and vehicles like index funds outperform active investing.

in my humble opinion, for most people they would be much better off sticking to funds and index funds, and holding them over the longer term.

This opinion doesn’t apply if you need access to your money in the short term.

tukapa1

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#2445943 25-Mar-2020 05:47

mattwnz:
tukapa1:

I've lost $100k but I've still got almost 20 years to retirement so I'm not too bothered - keep chucking money in, keep it in growth and wait for the bounce.....

Is that kiwisaver or do you buy companies individually?. They benefit of buying the individually, is you can sell off some , and leave others.

Work superannuation scheme. Kind of like KiwiSaver but not KiwiSaver.

firefuze

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#2467500 21-Apr-2020 23:34

Generalised thoughts on buying shares into the big banks at the moment?

Want to play a little cash with some short term investments, any other recommend buys given current situation?

sbiddle

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#2467578 22-Apr-2020 08:25

firefuze:

Generalised thoughts on buying shares into the big banks at the moment?

Want to play a little cash with some short term investments, any other recommend buys given current situation?

You're a bit late.

The opportunity for shares has been over the past month if you wanted short term investments - a 15% return in the past month has been the reality for anybody who invested on the dip a month ago.

I've picked up more shares to bring down the average cost of some long term investments I am keeping, and I've also made some good gains for quick $, but I would't want to be picking on any growth in shares in coming months as the reality of the recession hits.

firefuze

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#2467595 22-Apr-2020 08:56

sbiddle:

You're a bit late.

Yeah that’s the general picture I’ve been starting to see. Bugger.
Was watching a few as they did dipped, and then kept watched some more for a further dip which of course resulted in a quick price hike instead!

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#2467604 22-Apr-2020 09:08

surfisup1000:

I don't get why energy companies in NZ have fallen so dramatically -- might be worth weighting these a bit heavier .

I think there's an added complication for the power companies as a group (or for Meridian at least) - there hasn't been a resolution of the Rio Tinto Tiwai Point issue. This is still muddying the water on top of COVID19 economic concerns.

https://www.meridianenergy.co.nz/news-and-events/meridian-energy-confirms-no-decision-yet-from-rio-tinto

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Nate001

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#2467605 22-Apr-2020 09:10

Quick instant gains - You're too late.

Long term gains - Still not a bad time to buy long term investments. Not sure how long the bounce back will last and you may see some of the gains seen over past month given up.

As sbiddle, I've used this opportunity to lower the average cost of existing holdings, or in some cases buy more stock at a higher but reasonable price.

Remember the real game is the long term game, pick a few strong companies and give them a few years. If you're not willing to put money in its still a good chance to learn. Make a dummy portfolio, give yourself $20k pick a few stocks and see how they perform.

driller2000

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#2467606 22-Apr-2020 09:13

SaltyNZ:

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. :-)

Lol - for sh*ts and giggles checked AirNZ share price and it is at $1.36 today - I'm rich! :p

PS: I think Salty's point stands - but it is just "fun" watching sh*t jump around like this when you only have a beer money sized stake.

tripp

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#2467608 22-Apr-2020 09:14

So i was able to pick up some low priced AU stocks (around resources etc) and they have increased a bit over the last couple of weeks. i was down 11k but now it sits around 3.

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