How the Rich Are Buying This Opportunity

 

By my analysis, the bottom was around 23 March. Over around a month, the indexes are back up — S&P around +16%, FTSE +19%, ASX +8%, NZX +12%.

Had you followed our recommendations in March to get into this dip, you may have enjoyed some delicious returns.

I try to consider all the implications:

  • Panic price falls in the order of 30%.
  • Wealthy cash-rich investors circling markets for bargains; enough of them to restore prices 15% or more in the short-term.
  • People losing their jobs.
  • Landlords wanting out of properties that were already very marginal on yield.

And I see that old pendulum again rocking between panic-sellers and bargain-hunters. Crisis and opportunity. Fear and greed. Pain and reward…

 

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Simon is the publisher at Wealth Morning and has been investing in the markets since he was 17. He recently spent a couple of years working in the hedge-fund industry in Europe. Before this, he owned an award-winning professional-services business and online-learning company in Auckland for 20 years. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book, and manages global share portfolios.


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