Sell off BBOZ and BBUS?
With so much stimulus being thrown around everything is back on the up and up?
I bought both yesterday right before the announcement
Posted Mar 30, 2020, 11:55 PM UTC
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This BBOZ and BBUS hype seems like a classic shoeshine boy investment idea.
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I sold out of VXX at a very slight loss. It seems like the Fed and other central banks around the globe will stop at nothing to keep the market propped up, like someone continually getting adrenaline injections. While I believe that the underlying economy is in a bad way at the moment, the market seems to have decoupled from reality somewhat. So I’m starting to consider leveraged inverse ETFs as posing too much risk at the moment. Will start DCA’ing back into the market instead.
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It seems like the Fed and other central banks around the globe will stop at nothing to keep the market propped up
I'm not sure how this in itself is surprising. What is surprising is how well it is working at the moment.
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Yeah, honestly that’s the thing that has me baffled. Of course, it could be investors just playing 4D chess and somehow all the calamity that’s yet to come has somehow been “priced in bro”.
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Holding
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This is like 2008 Default rates up, unemployment up But the market still going strong I fear worse is yet to happen Hold for 2 weeks
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not when they are printing money overnight.
Doesnt matter anyways. DCA on VDHG. Not changing that for any virus
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Panic sell now!
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Yeah I'm getting wrecked at the moment
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How about now?
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Waiting to start buying tomorrow. Set a reminder for 1 week from now. BBUS definitely has a lot of potential in the coming weeks.
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I've never really been one for shorting and never held BBOZ but it's actually looking half decent right now. There's really no inclination of how many people are going to take the super withdrawals. It could wreck havoc on the markets, the easiest thing for most balanced funds to exit from quickly is equities.
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We are so tied to the American market that once it starts dropping it will ruin our financial system as well. And U.S. has not dropped nearly enough in the first place.
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Yeah there's a strong correlation but the sheer amount of Australian equities that super funds hold is huge.
ASX has about $2T worth of listed assets, super funds hold about $500B worth of that.
What happen if 20% of people decide to take the early super release offer?
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Not to mention those that have already been converting to cash out of fear. I know at least 1 person in their late 50s who converted to cash+ bonds right at the end of Feb because they didn't want to risk it taking 10 years to recover.
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Is...is that supposed to be a question or just an incredibly poorly worded thought?
If the latter, have you thought about writing speeches for ScoMo?
If the former, what's your stop loss plan? I'm still holding mine from Friday with the expectation of more bad news out of US in the next two days, but I've set my loss point as $10 per share.
It's a gamble for me, but only to a point.
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Buy high, sell low. Flawless plan.
I agree, sell low buy high is a good idea
Gotta know when to cut your losses though. Could turn out to be a case of buy high, sell even lower
Why does every person on this board have to weigh in with an unhelpful sarcastic response?
To be fair, what would be a helpful response?
You can gamble in this market, or you can have a system in place that you follow. If you're doing the latter, then you probably wouldn't be posting "sell off BBOZ and BBUS?" on ausfinance unless the system is "ask ausfinance for buy and sell signals". Then it's not a very good system.
There are lots of good arguments why the market can recover a bit or a lot. There are lots of good arguments why the market can crash hard.
Literally no one knows whether you should sell now.
Agreed, having a plan and sticking to it is so important. It seems like most people abandoned theirs as soon as this mess started, or never had one in the first place. Recipe for bad investment decisions.
A lot of people actually do 'know'. About half of them will be wrong, but it doesn't stop them claiming to know where the market is going (other than right)