Kris Walesby
speaker
321 appearances
1 recordings
1 series
first heard Jul 2020
last heard Jul 2020
Kris Walesby’s voice in public audio — every appearance, attributed to the second.
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Appearances
So people are trading more.
Yeah, exactly.
So what's happening is, and it's not just COVID related, although COVID is the most recent experience, but it was, you know,
A lot of the people that I speak to, I was saying to them, you know what?
Whenever there's a drawdown or a correction in the market, a lot of Australians, they go, oh, this is a great time to buy ANZ.
This is a great time to buy BHP.
I've been waiting for this pullback, et cetera, et cetera.
So they take stocks.
But I did some research with my team here, pointing over my shoulder.
That's where they are.
And we could show that actually there's a lot of risks there because you can pick, you know, let's just say during the...
the recent Hayne Commission investigations, right?
And there was a big pullback in the market at that point last year, but you could then pick up a lot of companies cheaply, but a lot of those companies didn't recover quickly.
And so you thought you were on a bargain, but actually you weren't getting, it took ages for that to come back to even where it was before the investigations, right?
So what I was saying to a lot of investors, and it's not just me, it's many other people, it's like, why play the companies?
Why not just play the ETF?
If the ASX 200, which is about 6,000 now, right?
And if it goes down to 5,500,
Don't just buy the companies.
If you think it's going to go up, you just buy an ASX 200 fund and ride it up.
Showing 261–280 of 321 · page 14 of 17
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