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Post by kazamx on May 9, 2020 9:39:12 GMT
I bought quite heavily as the market crashed so have made some very nice returns from the bounce. Kinda getting nervous now though. Its clear the bounce is overdone so I was thinking of liquidating a chunk with the expectation that there will be another drop as everyone starts announcing results.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 9, 2020 10:56:22 GMT
I think it's fair to say that "I'm holding my nerve" but wouldn't say I'm "optimistic". I sold around 25% of my portfolio just as the "crash" began so missed a lot of the pain, and since then I've put around 30% of that back, making some decent gains. However I'm reluctant to go back all in because my greatest fear is that there will be a severe second wave moving into autumn/winter following the loosening of lock downs.
Unless a reliable treatment is developed or please God, a vaccine, there could be another serious and more prolonged downturn. Given that I'm still significantly invested, this isn't my base case, but I feel I need some insurance against it.
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