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#268508 23-Mar-2020 12:46
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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.

 

 


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  #2444428 23-Mar-2020 12:49
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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.





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  #2444429 23-Mar-2020 12:49
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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.






 
 
 
 




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  #2444432 23-Mar-2020 12:53
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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 :)


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  #2444434 23-Mar-2020 12:58
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Remember that for every person selling shares, someone is buying.


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  #2444438 23-Mar-2020 13:05
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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.





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  #2444442 23-Mar-2020 13:09
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The horse has well and truly bolted. I am sitting on mine and will see what happens in twelve to eighteen months.




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  #2444460 23-Mar-2020 13:14
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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.


 
 
 
 


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  #2444485 23-Mar-2020 13:31
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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.





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  #2444511 23-Mar-2020 13:44
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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.





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  #2444515 23-Mar-2020 13:47
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sitting on mine, not looking at the balance and continue to automatically add more every fortnight.  


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  #2444537 23-Mar-2020 14:26
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Puting mine in the bottom draw with my old Ariadne shares.




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  #2444582 23-Mar-2020 15:09
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Thanks all.  Remind me never to read the comments on stuff LOL

 

 

 

 

 

 


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  #2444591 23-Mar-2020 15:18
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tripp:

 

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

 

 

 

 

 

 

 

 

 

 

Never read the comments on Stuff.





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  #2444606 23-Mar-2020 15:27
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Mahon:

 

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

 

 

Ouch

 

No thanks for the memories
;-)


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  #2444611 23-Mar-2020 15:35
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So, i'm not the only one that missed the "sell now" memo on the 20th Feb


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