TOPIC:

Devonleigh wrote:

Bazza wrote:

BC wrote: I went to cash when the ASX was dropping through 6000 and converted back to a reasonably conservative growth fund including shares at 5000 as it started climbing back. Hopefully it'll continue to go north as things return to a sort of normal.

Same here mate, traded back into growth and picked up 23,000 units cheap.

Thats a concern for sure mate, it will be a tougher year but I reckon once
My conservative is down 3.5% and balanced down 7.5% at this time.

Is there going to be another downturn once all the government funny money runs out come October?

That's a concern for sure mate, it will be a tougher year but I reckon once things reopen the bounce back will be OK.

Its really too late now to start shifting, Id be leaving it in those funds. Although you might still get some value trading the Conservative into Balance, depends where you are at age wise etc.

Bazza wrote:

DD wrote:

Bazza wrote: Yep mate I reckon the economic turn around here will be very quick.

My super has already come charging back and is now worth more than the pre covid crash...

Did you make a fast buck buying back in Baz?

I sort of did mate, I picked up an extra 23,000 units and today Im 7K up on the pre crash crash balance already.

I'm expecting another big jump on the back of better than expected employment/unemployment rates that have been revealed.

Yes they have revised the expected unemployment rate down from 10% to 8%, thats a 20% drop, so it is encouraging.

The yanks have traded off death rates for employment and that has seen their economy fight back quicker than expected. I guess you choose your priorities, let people die or let them work. Will be interesting to see if infection rates go up due to the protests here and elsewhere.

Bazza wrote:

Devonleigh wrote:

Bazza wrote:

BC wrote: I went to cash when the ASX was dropping through 6000 and converted back to a reasonably conservative growth fund including shares at 5000 as it started climbing back. Hopefully it'll continue to go north as things return to a sort of normal.

Same here mate, traded back into growth and picked up 23,000 units cheap.

Thats a concern for sure mate, it will be a tougher year but I reckon once
My conservative is down 3.5% and balanced down 7.5% at this time.

Is there going to be another downturn once all the government funny money runs out come October?

That's a concern for sure mate, it will be a tougher year but I reckon once things reopen the bounce back will be OK.

Its really too late now to start shifting, Id be leaving it in those funds. Although you might still get some value trading the Conservative into Balance, depends where you are at age wise etc.

cheers for that.
nearly 65, will keep working part time till I drop as I retired b4 at 55 and found it bloody boring.
been putting spare cash in since the 22.2.2020, watched it disappear but managed to get a pile of units at a low price.
was thinking to go cash but decided to ride the bull and see where it ended up.

my gut feeling is there is going to be a drop sometime towards the end of the year and I'll go to cash then.

It was just reported on Fox News that an 8 block area of Seattle has been taken over by protesters. Apparently the Police and Natl Guard have withdrawn as it's too dangerous and the protesters have put up barricades and currently guarding the area with assault rifles. The protesters have declared it a cop free zone and some are extorting local businesses if they want to stay open. The police have vowed to return which could get very interesting.

i would rather see them fight the police then destroy property for the sake of it. The police will deal with them soon enough, national guard in support if necessary.

BC wrote: It was just reported on Fox News that an 8 block area of Seattle has been taken over by protesters. Apparently the Police and Natl Guard have withdrawn as it's too dangerous and the protesters have put up barricades and currently guarding the area with assault rifles. The protesters have declared it a cop free zone and some are extorting local businesses if they want to stay open. The police have vowed to return which could get very interesting.

And Beijing will be watching and loving it.

This has all the signs of an impending bloodbath. If hundreds of rioters get killed who will be blamed? Hopefully a peaceful solution can be found, but i doubt it, once the mob mentality takes hold all rational thought goes out the window.

BC wrote: It was just reported on Fox News that an 8 block area of Seattle has been taken over by protesters. Apparently the Police and Natl Guard have withdrawn as it's too dangerous and the protesters have put up barricades and currently guarding the area with assault rifles. The protesters have declared it a cop free zone and some are extorting local businesses if they want to stay open. The police have vowed to return which could get very interesting.

A report from a local newspaper, which paints a completely different picture to Fox.

www.seattletimes.com/seattle-news/welcom...ther-without-police/

I'm not surprised Fox would beat it up if that is the case as they're blaming your mob for the situation jack...left wing liberal Democrats.