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Surviving the Coronavirus meltdown with ETFs & LICs

Discussion in 'Investing Strategies' started by twisted strategies, 10th Mar, 2020.

  1. twisted strategies

    twisted strategies Well-Known Member

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    Surviving the Coronavirus meltdown with ETFs & LICs - ETF Watch

    ( DYOR )

    now i added to an active style LIC during this saga

    but did notice some of the smart beta ETFs i hold ( and bought in 2011 ) are at levels i should seriously consider topping up , and i noticed i missed an opportunity to add to 2 passive style LICs i hold ( just too many places to watch , despite the overall high values in the current markets )

    ( for instance do you top up on WBC or , say BKI or VHY )


    ( PS in the choice above , i sat on the sidelines ... so far )

    keep alert there are some fair prices hiding out there
     
  2. RS Gumby

    RS Gumby Well-Known Member

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    You're right Twisted. I'm eagerly looking for more involvement in the market today.
    Just wondering whether i should jump in before or after ScoMo speaks
     
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  3. twisted strategies

    twisted strategies Well-Known Member

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    i can't see how Sco-Mo can shift the dial much

    and the worst of this saga is yet to come ( wait until most of US and Europe is in lock-down there will be nobody buying goodies )

    but that doesn't mean there won't be 'fair ' prices

    and the BIG recession might not actually happen until NEXT year

    so take care ( don't buy too heavily )

    cheers
     
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  4. twisted strategies

    twisted strategies Well-Known Member

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    am NOT a cash is king fan ( it doesn't suit my aims )

    BUT cash is flexibility
     
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  5. twisted strategies

    twisted strategies Well-Known Member

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  6. RS Gumby

    RS Gumby Well-Known Member

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    Your thoughts on SBM Twisted?
     
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  7. twisted strategies

    twisted strategies Well-Known Member

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    accident-prone ( imo)

    i have been burnt by other gold producers who have a similar track record

    one or twice , that stuff happens , but some of miners seem to have one almost every year ( you almost wonder if they are excuses to miss guidance .)

    if you buy them cheap enough to sit out a few bad years , then good luck

    i seem to pick the unlucky ones , or the guys who can run a mine at a profit even when gold is under $US 1300 an oz.

    PS i buy gold miners hoping they can pay a dividend when the rest of the economy is a mess

    only a few can make a profit every year ( gold mines have a limited lifespan , so they have to buy the next payday ahead of time )

    in case you think i am harsh , ( on SBM ) i had one profitable adventure in NCM and won't go back there for similar reasons

    ( DYOR )

    cheers
     
  8. RS Gumby

    RS Gumby Well-Known Member

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    Got in at 2.12 for a small parcel, wanted a bit of diversity in my portfolio. I'm happy to sit and wait
     
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  9. twisted strategies

    twisted strategies Well-Known Member

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    to give you an example

    i hold NST , EVN , OZL ( more of a copper player now ) and AGG all without investment cash risk , so they can pay ( seemingly ) miserable divs because they don't have to pay interest on the cash invested .

    so as long as those 4 pay a div. most years i am happy and i can crystallize the profit any time i don't like a turn they make .

    gold can be a hard expensive game

    take care
     
  10. RS Gumby

    RS Gumby Well-Known Member

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    Should have waited SBM @ 1.97
     
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  11. twisted strategies

    twisted strategies Well-Known Member

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    if you get the exact bottom you run the risk of a part-filled order ( that never gets filled )

    that has happened to me several times and if you only get , sa , four shares after brokerage that is no bargain ,

    so don't feel too bad , you can always buy some more cheaper ( later )

    today i bought WBC @ $18 , the buying went straight through $8 like a hot knife through butter

    as long as you thought your buying price was 'fair ' at the time ,

    it is a steep learning curve ( and i am still learning nine years later )

    good luck with them

    cheers
     
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  12. twisted strategies

    twisted strategies Well-Known Member

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