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Affect of Corona virus on your investment strategy

  • 04-03-2020 9:27am
    #1
    Closed Accounts Posts: 3,958 Dots1982


    Was surprised no topics visible already on this..

    Are you selling off your shares & funds, reorganizing your pension?

    Last week-

    Apple $AAPL: -12.6%
    Oil: -11.8%
    Microsoft $MSFT: -11.4%
    Google $GOOGL: -11.4%
    Dow: -11.1%
    S&P 500: -10.8%
    Nasdaq: -10.6%
    Amazon $AMZN: -10.1%
    Facebook $FB: -9.7%
    Shanghai Composite: -1.6%
    Gold: -0.4%
    Yen/Dollar: +1.6%
    20+ Year Treasuries: +2.6%
    Volatility $VIX: +129%


Comments

  • Registered Users Posts: 5,803 ✭✭✭ touts


    Sell now. Buy in two weeks.


  • Registered Users Posts: 2,499 ✭✭✭ Squeeonline


    Selling now seems silly. Stocks will recover in time. Obviously slower than they lost value.


  • Closed Accounts Posts: 3,958 Dots1982


    Our people assuming this Coronavirus is a month long thing?

    I don’t agree with that assessment. I think it’s going to be far bigger.


  • Registered Users Posts: 445 ✭✭ canonball5


    Dots1982 wrote: »
    Our people assuming this Coronavirus is a month long thing?

    I don’t agree with that assessment. I think it’s going to be far bigger.

    Completely agree. I see this getting a lot worse than it currently is. I'm seriously considering pulling everything out of the markets and just sitting back for now.

    I think there will be some serious bargains coming down the line.


  • Registered Users Posts: 2,499 ✭✭✭ Squeeonline


    Unless you are retiring in a couple months, I'd invest more now when the price is low and reap when things recover.


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  • Registered Users Posts: 3,326 ✭✭✭ Wombatman


    On the bench of the last few weeks. Can't face the volatility right now TBH


  • Registered Users Posts: 379 ✭✭ popa smurf


    Just checked kerry group there, kept my head in the sand all week, I thought they would get a hammering but there at an all time high, hard to figure it out.I hold them as a long term investment so I don't panic too much about them.


  • Registered Users Posts: 5,717 ✭✭✭ amacca


    popa smurf wrote: »
    Just checked kerry group there, kept my head in the sand all week, I thought they would get a hammering but there at an all time high, hard to figure it out.I hold them as a long term investment so I don't panic too much about them.

    Crude unknowledgeable analysis but maybe its because they are in food/food related business......people will always need to buy that regardless + it could become scarce and more profitable from other sources but they have a vast network to call upon and the ability t keep going where smaller business many struggle if this corona virus thing balloons as some think????


  • Closed Accounts Posts: 3,958 Dots1982


    Still no one transferring to Bearish assets?


  • Registered Users Posts: 103 ✭✭ AngryLoner


    I'm just a newbie when it comes to investing in stocks etc, but when you say sell out now and buy back in later..... wouldn't you lose a ton on money having to pay CGT on any profit?

    (be patient please...: I am new at this... :)


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  • Registered Users Posts: 12,289 ✭✭✭✭ Mad_maxx


    amacca wrote: »
    Crude unknowledgeable analysis but maybe its because they are in food/food related business......people will always need to buy that regardless + it could become scarce and more profitable from other sources but they have a vast network to call upon and the ability t keep going where smaller business many struggle if this corona virus thing balloons as some think????

    How come glanbia has been squashed?


  • Banned (with Prison Access) Posts: 1,625 ✭✭✭ Millionaire only not


    Mad_maxx wrote: »
    How come glanbia has been squashed?

    In fairness they held well all week , they’ve held ok in my opinion!


  • Registered Users Posts: 17,940 ✭✭✭✭ ELM327


    I sold TSLA just under $900, then broke even in F stock.
    Now I think I am going to move towards travel based stock, it's down hardcore at the moment. Especially Boeing etc


  • Registered Users Posts: 12,289 ✭✭✭✭ Mad_maxx


    In fairness they held well all week , they’ve held ok in my opinion!

    Down 54% since last spring


  • Registered Users Posts: 12,289 ✭✭✭✭ Mad_maxx


    ELM327 wrote: »
    I sold TSLA just under $900, then broke even in F stock.
    Now I think I am going to move towards travel based stock, it's down hardcore at the moment. Especially Boeing etc

    Boeing going to $100


  • Registered Users Posts: 17,940 ✭✭✭✭ ELM327


    Have bought NCLH, they are at historical lows


  • Moderators, Business & Finance Moderators Posts: 7,840 Mod ✭✭✭✭ Jim2007


    Mad_maxx wrote: »
    How come glanbia has been squashed?


    Because Glanbia is not a defensive stock and Kerry Group just about makes it. If you are managing serious funds the last thing you want in a defense positions is something that could be subject to manipulation or liquidity issues.


  • Registered Users Posts: 12,289 ✭✭✭✭ Mad_maxx


    Jim2007 wrote: »
    Because Glanbia is not a defensive stock and Kerry Group just about makes it. If you are managing serious funds the last thing you want in a defense positions is something that could be subject to manipulation or liquidity issues.

    Must you always jump in with your size thirteens?

    I know full well what glanbia is, it's a poorly managed company compared to kerry ( always has been) but it operates in the same sector and is Irish, glanbia had almost halved from it's high last spring even before this CV crisis but has still fared worse than Kerry

    That's my point


  • Registered Users Posts: 215 ✭✭ Coil Kilcrea


    Glanbia are far more exposed to consumers than Kerry through the nutritions business. Worse, they overpaid for the slimming acquisition and underestimated the competition. A misstep on performance for sure, for which the share has been punished, but they are well managed and directing a lot of effort towards recovering this part of the business.

    I think it's good value for upside.

    Kerry is a very fine company but a still bit pricey at these levels.

    I own both, both more of Glanbia and am hoping to get a better entry price for Kerry.


  • Moderators, Business & Finance Moderators Posts: 7,840 Mod ✭✭✭✭ Jim2007


    Mad_maxx wrote: »
    How come glanbia has been squashed?

    Mad_maxx wrote: »
    I know full well what glanbia is, it's a poorly managed company compared to kerry ( always has been) but it operates in the same sector and is Irish, glanbia had almost halved from it's high last spring even before this CV crisis but has still fared worse than Kerry


    So why did you need to ask the question then????


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  • Registered Users Posts: 12,289 ✭✭✭✭ Mad_maxx


    Glanbia are far more exposed to consumers than Kerry through the nutritions business. Worse, they overpaid for the slimming acquisition and underestimated the competition. A misstep on performance for sure, for which the share has been punished, but they are well managed and directing a lot of effort towards recovering this part of the business.

    I think it's good value for upside.

    Kerry is a very fine company but a still bit pricey at these levels.

    I own both, both more of Glanbia and am hoping to get a better entry price for Kerry.

    I know a good few dairy farmers, all say that glanbia is a poorly managed outfit compared to kerry, ms Talbot is viewed as a terrible CEO


  • Registered Users Posts: 1,788 ✭✭✭ Cute Hoor


    I really would be hiding under the duvet for the foreseeable, the word coming from the HSE is frightening (and I'm assuming they are liaising with their EU counterparts), the impact on the travel and leisure business will be existential for many, hard to see any sector escaping, people will start battening down the hatches.

    Pull up the duvet!!


  • Registered Users Posts: 12,289 ✭✭✭✭ Mad_maxx


    Cute Hoor wrote: »
    I really would be hiding under the duvet for the foreseeable, the word coming from the HSE is frightening (and I'm assuming they are liaising with their EU counterparts), the impact on the travel and leisure business will be existential for many, hard to see any sector escaping, people will start battening down the hatches.

    Pull up the duvet!!



    Heard a guy earlier today say that the drawdown during the Spanish flu pandemic was just below 40%

    We're more than half way there so :pac:


  • Registered Users Posts: 215 ✭✭ Coil Kilcrea


    Mad_maxx wrote: »
    I know a good few dairy farmers, all say that glanbia is a poorly managed outfit compared to kerry, ms Talbot is viewed as a terrible CEO

    That's very interesting. I wouldn't know but based on performance, Kerry is the star. Let's see if she can turn Glanbia around.


  • Registered Users Posts: 1,032 ✭✭✭ manonboard


    Even though yesterday's promising market helps. I cant see this not getting worst given the spread of the virus.

    Attached is currently confirmed cases. The non China line is practically vertical.

    These are confirmed cases..so 1 week old data when compared to true cases given the time for symptoms to appear.

    The next few days are pivotal imo. I really hope that yellow line changes direction.. a few more days of this n I think it'll be completely unmanageable.

    The US wont do well I think. So many people cant afford health care. It's a breathing ground in some cities due to that.


  • Registered Users Posts: 186 ✭✭ someday2010


    Select airlines I.e the ones that will not be in the first wave of bankruptcies and casino stocks I.e. look how they behaved post GFC.


  • Registered Users Posts: 2,524 ✭✭✭ Irish_rat


    Bought appl at 50 can't see it dropping that far back. Long term it should recover. Big drops expected this year though


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