Boardgames can be good if you get stuck inside with the family for a few weeks.

Pandemic: Legacy is *awesome*. My daughter is *too scared* to play it anymore. It's eerily parallel to what is unfolding right now. My "ground zero" was actually Beijing!

arstechnica.com/gaming/2016/03/pandemic-legacy-is-the-best-board-game-ever-but-is-it-fun/

I'd better order seasons 2 and 3 before society collapses.

AUSTRALIA NEEDS TO ACT NOW!!!! STOP EVENTS, NON URGENT TRAVEL,. CONTROL STATE BOARDERS,.. 5 DAYS BEFORE WE ARE PHUCT!!!!

Wow, Italy's looking stuffed....

Harrow said..

Harrow said..

saltiest1 said..
Well I just changed my superannuation from high risk to conservative.

I've followed suit. At least I managed to catch the dead cat bounce. I figure there's a heck of a lot more to lose than gain over the next 12 months.

Thanks salty, I owe you a beer next time you're in town.

Now, you just need to tell me when you switch back to high risk.

For future reference, when toilet paper mentality kicks in with general public, the stockbrokers are not far behind.

saltiest1 said..
For future reference, when toilet paper mentality kicks in with general public, the stockbrokers are not far behind.

Why have I never read that before. Damn, got to be the best leading factor there is!!

China is going back to work even in Wuhan. Going to be interesting to compare the performance of a dictatorship of 1.4 billion vs say the liberal democracy of the EU of 500 million in terms of infection prevention

If it wasnt for the northen hemi moving into spring I reckon the EU totals would top china pretty comfortably given the ability for the populace to pretty much ignore the public good.

Re Investing I havnt seen panic in markets like this since the GFC. Investors both retail and wholesale will pay any price to liquidate into cash right now.

There will be a time to flip out of cash but I suspect when it turns it will be so quick most will miss it.

All the stimulus globally will eventually have us shoot the other way but there is a risk credit defaults originating out of either italy or the oil producers could cause a second wave of panic akin to the GFC for now

Thats what has the markets spooked not the virus.

Keep an eye on the VIX when thats starts coming back down time to move

Just my humble opinion of course but staying in cash too long especially AUDs will ultimately destroy value.

Bara said..
here will be a time to flip out of cash but I suspect when it turns it will be so quick most will miss it.

All the stimulus globally will eventually have us shoot the other way but there is a risk credit defaults originating out of either italy or the oil producers could cause a second wave of panic akin to the GFC for now

Thats what has the markets spooked not the virus.

Keep an eye on the VIX when thats starts coming back down time to move

Just my humble opinion of course but staying in cash too long especially AUDs will ultimately destroy value.

Interesting.Is it better to stock money now ? ( because cash is a king ?: )or better to spend money now and invest in something permanent ( like a real estate or land) .Money could loose their value very quickly but also can help to survive real crisis when you need to pay $1000 for a meal.Definitely our AUS is taking deep dive now against USD.

Kamikuza said..
I hear tell that those who stocked up on bog roll are now trying to return it and get a refund, but stores are not having it comedy gold!

Really? Still impossible to get it where I live. Apparently they get stocked everyday but it's gone in 5 minutes.

Harrow said..

Kamikuza said..
I hear tell that those who stocked up on bog roll are now trying to return it and get a refund, but stores are not having it comedy gold!

Really? Still impossible to get it where I live. Apparently they get stocked everyday but it's gone in 5 minutes.

I wonder if BCF are also out of stock for the paper they sell for camping toilets?

FormulaNova said..
One thing it did open my eyes to coincidentally was 'the barefoot investor's' book and his advice that lots of top superfunds extract so many fees from you that the cheaper ones with slightly lower returns are actually better performing once you take the fees into account. I have switched and I didn't realise that there were significant differences.

I'll go one step further. The returns on the industry super funds are just as good BEFORE you take the fees into account. I can't understand why anyone is not in an industry super fund.

Harrow said..

Macroscien said..Definitely our AUS is taking deep dive now against USD.

I figure it will stop around 0.30 USD. If you don't actually do anything, then what is your dollar worth? We're now a 3rd world world country depending on cashed up overseas tourists to throw us scraps.

Whole Gold Coast is like a big inland Cruise Ship. City that completely depend on tourists and visitors. Now , after famous T. HANKS cathed virus probably here , word will spread around the world quickly, to avoid Aussie destinations.

There is one unexpected outcome from this corona virus pandemic.Big gatherings create greatest risk and religious practices require regular attendance.This means that population of that most religious will be greatly effected.This may explain why is so many victims in Iran and Italy.

Luckily Australian people are least religious nation on the planet and could even switch to TV while comes to rugby and cricket.

FormulaNova said..
I changed half of mine to cash last week, and immediately regretted it thinking that I was too late. Yesterday I was happy that I did, although I am not sure I understand it enough to really known whether I did a good thing.

One thing it did open my eyes to coincidentally was 'the barefoot investor's' book and his advice that lots of top superfunds extract so many fees from you that the cheaper ones with slightly lower returns are actually better performing once you take the fees into account. I have switched and I didn't realise that there were significant differences.

You gotta be smiling today.

FormulaNova said..
No, I just looked at the overall accounts and wondered why I didn't move it all over to cash or conservative!

It did take its toll though, and I am at least $3k down on one account, and probably $10k on another... of which both would have been worse if I had left them where they were.

Ah, and what if it rebounded. I moved from high risk to conservative, not cash. So, effectively the same as you putting half into cash. I managed to halve my losses. It's glass-half-full, not half-empty.

But, it's all useless if you don't move it back before the rise. Is that next week, next month, or next year?? Trouble is there are always false starts so you can't pick it. If you move it back at a lower point then you moved it out, then you're a winner. Don't go worrying you didn't pick the peak or the trough. Anyway, if you're talking about a 4 figure loss, not a 5 or 6 figure one, then you're probably a lot younger than me and this represents an opportunity...make sure you use the full $25K super cap this financial year if you can, and do it now.....make your top-up voluntary contribution today!

Harrow said..
Anyway, if you're talking about a 4 figure loss, not a 5 or 6 figure one, then you're probably a lot younger than me and this represents an opportunity...make sure you use the full $25K super cap this financial year if you can, and do it now.....make your top-up voluntary contribution today!

I am probably a little bit younger than you, but not much. I think I have been screwed over a few times over the years with funds that have insurance attached to them that eat up everything until there is none left. I am sure I had a fund with Tower that got away with this. You don't even know its happening until you see the total one day and then find that they have been charging a ridiculous amount for insurance that you don't need that overlaps with another fund doing the same. The thing that stings the most is that they send you a letter where you need to opt out of the insurance, and if you don't they just keep taking it.

Superannuation companies must have been reamed out over this practice at the recent banking commission as when AMP tried to do the same thing recently when I finished working for the previous company, they quickly removed it when I asked them via email. In the past, you would have been lucky to get them to remove it even if you had a written request witnessed by both the Queen and the Pope.

I am sure this insurance thing has happened a few times now, and in the past I was very lazy about leaving little funds open all over the place.

I read somewhere recently that they do this opt-out insurance thing to prevent people accidentally losing important insurance without realising it. BullSh1t! Its so that insurance companies can get nice default customers that probably don't even realise they have cover, let alone expect to make a claim on it.

I think this is a big scam in the industry where you are paying over the odds for investment leeches that do nothing, and the fees eat up a lot of your return. If it were more transparent where they took their admin fees out of their investment returns, I am sure it would be more easy to judge different funds against each other.