Hi, i'm a rookie investor(TYB Buffet Jnr.) and this is my first chat forum experience. I'm keen to learn more( about shares) and to share my knowledge with all. pls let me know if there's anyone interested in sharing the share experience.
Oh dude. You must be the luckiest bastard on the planet. The market is falling down about our ears, panic is in the streets and the righteous are sufferin a whole heap of pain. Anyways, hang in there, becaws the next few days, it'll be bargains all round. I mean it, dude, everthing cheap terday, will be a whole lot cheaper come weekend.
But do not jump in foolishly! What happened today in Europe and USA is a good lesson for everybody. The traders who bought banks on Wednesday and pushed the price up in a euphoric way will regret it tomorrow.
..best time te learn to fly is when yer parachute fails.. The old geezer is right, btw. Buy cautiously now, if at all. An stay away from suicide trades - barrier warrants, ssf's. We be adding to our longs - leavin room to gather more if theres a downside.
My advice: Do not buy anything until the end of August. In the mean time stare at the market each day in wonderment as everyone else (like me) sees their investments pull back. There will be bargain to be had, but still more downside for now. Don't be too keen to jump in. Advice, part2, buy things (a la Buffet) for the long term. With good shares, the longer term trend is always up. Some of those who hoped to make a quick buck on SSFs have seen their collective bottoms.