Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


tripp

3561 posts

Uber Geek

Trusted
Lifetime subscriber

#268508 23-Mar-2020 12:46
Send private message

So are people selling / buying / sitting on your shares?  For me it's at the point where it's almost panic but trying to keep a cool head about it.  Currently i am down 7k.

 

 


View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2 | 3 | 4
geekiegeek
2509 posts

Uber Geek

Trusted
Subscriber

  #2444428 23-Mar-2020 12:49
Send private message

Sitting. Don'y see any point in locking in losses and I'm hopeful this won't last forever so one day they may be worth something again.





Delete Social Media

 


My thoughts are my own and are in no way representative of my employer.


Geektastic
14850 posts

Uber Geek

Trusted
Lifetime subscriber

  #2444429 23-Mar-2020 12:49
Send private message

The only ones I own are in unit trusts of one kind or another so I am assuming that, for example, Kiwisaver managers are using each new monthly pile of cash to make hay while the sun shines on the basis that what comes down eventually goes up again.






 
 
 
 


tripp

3561 posts

Uber Geek

Trusted
Lifetime subscriber

  #2444432 23-Mar-2020 12:53
Send private message

I did have a "set" amount if it dropped under that to sell, its not starting to get very close to that target.  I don't need the money right now and I think I am better off than a lot of other people out there as I have $$$ in savings etc.  Just seeing my shares and kiwisaver drop so much is a little off putting.

 

 

 

 Thanks for the replies, it does help lol :)


decibel
58 posts

Master Geek


  #2444434 23-Mar-2020 12:58
Send private message

Remember that for every person selling shares, someone is buying.


BlinkyBill
1051 posts

Uber Geek


  #2444438 23-Mar-2020 13:05
Send private message

Don’t take financial advice from me, but if you are into throwing cash down the toilet, sell your shares. The best advice I can give is ... don’t even bother looking at your portfolio.

 

It is a fact that in each of the seven worst market downturns of the last 100 years, the markets were back up to, or over, pre-downturn levels within a year. That statistic is more or less correct, not necessarily precisely correct. 

 

I would only consider selling if a) you need the money for something or b) you are close to retirement and need the money.





BlinkyBill


MikeB4
15555 posts

Uber Geek
Inactive user


  #2444442 23-Mar-2020 13:09
Send private message

The horse has well and truly bolted. I am sitting on mine and will see what happens in twelve to eighteen months.

timmmay
16528 posts

Uber Geek

Trusted
Subscriber

  #2444460 23-Mar-2020 13:14
Send private message

The general advise is not to sell, as after a recession things usually go up. You'd be better off waiting to the worst of the recession whenever that is then buying more, in a unit fund to spread your risk.

 

I've theoretically lost some money from kiwisaver and such, but in practice it will swing back up in a year or two so doesn't matter. Anyone close to retirement should have been in a conservative fund already, as they tend to be more stable and lower risk. I was actually in a conservative position as I thought there would be a recession this year, but didn't expect anything like this, so I'm somewhat insulated.


 
 
 
 


OldGeek
510 posts

Ultimate Geek

Lifetime subscriber

  #2444485 23-Mar-2020 13:31
Send private message

I like that with Sharesies I get a Target icon with the value of my holdings - a very modest sum.  I am currently taking screenshots save the lowst evel so in the future I can see where I bottomed out.

 

I am yet to lose a cent, because only sellers lock in losses.  I might even start buying.





--

OldGeek.


SaltyNZ
5476 posts

Uber Geek

Trusted
Lifetime subscriber

  #2444511 23-Mar-2020 13:44
Send private message

I just got a bonus packet of M&Ms out of the vending machine, so I say, keep 'em or you'll lock in your losses.





iPad Pro 11" + iPhone XS + 2degrees 4tw!

 

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


Lostja
217 posts

Master Geek


  #2444515 23-Mar-2020 13:47
Send private message

sitting on mine, not looking at the balance and continue to automatically add more every fortnight.  


Mahon
361 posts

Ultimate Geek


  #2444537 23-Mar-2020 14:26
Send private message

Puting mine in the bottom draw with my old Ariadne shares.


tripp

3561 posts

Uber Geek

Trusted
Lifetime subscriber

  #2444582 23-Mar-2020 15:09
Send private message

Thanks all.  Remind me never to read the comments on stuff LOL

 

 

 

 

 

 


SaltyNZ
5476 posts

Uber Geek

Trusted
Lifetime subscriber

  #2444591 23-Mar-2020 15:18
Send private message

tripp:

 

Thanks all.  Remind me never to read the comments on stuff LOL

 

 

 

 

 

 

 

 

 

 

Never read the comments on Stuff.





iPad Pro 11" + iPhone XS + 2degrees 4tw!

 

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


PolicyGuy
853 posts

Ultimate Geek

Lifetime subscriber

  #2444606 23-Mar-2020 15:27
Send private message

Mahon:

 

Putting mine in the bottom draw with my old Ariadne shares.

 

 

Ouch

 

No thanks for the memories
;-)


traderstu
217 posts

Master Geek


  #2444611 23-Mar-2020 15:35
Send private message

So, i'm not the only one that missed the "sell now" memo on the 20th Feb


 1 | 2 | 3 | 4
View this topic in a long page with up to 500 replies per page Create new topic





News »

Nanoleaf enhances lighting line with launch of Triangles and Mini Triangles
Posted 17-Oct-2020 20:18


Synology unveils DS16211+
Posted 17-Oct-2020 20:12


Ingram Micro introduces FootfallCam to New Zealand channel
Posted 17-Oct-2020 20:06


Dropbox adopts Virtual First working policy
Posted 17-Oct-2020 19:47


OPPO announces Reno4 Series 5G line-up in NZ
Posted 16-Oct-2020 08:52


Microsoft Highway to a Hundred expands to Asia Pacific
Posted 14-Oct-2020 09:34


Spark turns on 5G in Auckland
Posted 14-Oct-2020 09:29


AMD Launches AMD Ryzen 5000 Series Desktop Processors
Posted 9-Oct-2020 10:13


Teletrac Navman launches integrated multi-camera solution for transport and logistics industry
Posted 8-Oct-2020 10:57


Farmside hits 10,000 RBI customers
Posted 7-Oct-2020 15:32


NordVPN starts deploying colocated servers
Posted 7-Oct-2020 09:00


Google introduces Nest Wifi routers in New Zealand
Posted 7-Oct-2020 05:00


Orcon to bundle Google Nest Wifi router with new accounts
Posted 7-Oct-2020 05:00


Epay and Centrapay partner to create digital gift cards
Posted 2-Oct-2020 17:34


Inseego launches 5G MiFi M2000 mobile hotspot
Posted 2-Oct-2020 14:53









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.