Quote:
Originally Posted by Sim
As I said ... "I'm not convinced we will see returns above the 10%+ cost of interest over the next 6 - 12 months"
... and in the short term, capital preservation is critical for me as I have some large financial obligations coming up.
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Sim,
I am also into capital preservation mode.
Short term I am cautious and will only be buying oversold companies.
Long term I'm not sure. The next 6 months are critical IMO. The clouds should clear by then and should be showing me the direction I should take.
Generally I'd be going for resource stocks but I see that world economies are now hurting due to high petrol prices and people are tightening up their belts. So I am thinking that after the Olympics China could slow down and our resourse stocks could take another hit.
Also, we could have a war with Iran and this could make stock markets come down further. Interesting times... 
Cheers
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Bill
Information posted here is given in good faith. If in doubt do your own research and get professional advice.
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