Poseidon wrote:I'm looking to invest in the next couple months. Nothing big, just enough to get my feet wet. Had a discussion with a friend who used yesterday's plunge as the reason investing in stocks was a bad idea. Fucking stupid.
Ha, yesterday would've been the day to buy (at the end of the day obviously). I dunno, haven't been keeping up with it recently.
Oh wow, I lost 13% yesterday. Oh well.
Not sure, it could go further lower, much lower. Depends if the fiscal crises get ironed out or explode.
OTOH There is some reasonable value out there.
I did my accounts for the year, I previously bought and sold Macarthur and made 20% that time.
60% realised in one year on one share isn't bad.
Remainder are down 12% overall, I've been careful to keep a mix of good dividend stocks so I should continue to get a 6-7% return - providing I avoid taking a capital hit.