A.I.M. Users Bulletin Board

[Neil Scott]

Gnashing of Investor Teeth

Yes, I'm sure there was plenty of that going on today on the All Ordinaries as it fell 181 points or over 3% during the day.

The accountant, had a word again while at work and was considering going to cash. I did remind him that timing the market is fraught with difficulties.
Wouldn't you just kick yourself if you changed your retirement savings to cash right at the bottom.

I meanwhile started another AIM program on Macquarie Bank (MBL.AX) which has taken a hammering since it's high of over $98, I picked up an initial quantity at $68 or thereabouts I think. It is at below valuation at this point so I don't mind picking up more.
More companies are coming into value range now so I'm dusting off the cashbox as the sellers all dive into the shop.

Regards

Neil