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Monday, March 2, 2020

Corona bullshit

Hi readers

Ok so the markets are falling and while many are panicking about loosing value of there portfolios the smart money is buying.
In life you need to understand that the media is there to spook the masses.
It's the only way they can have eyeballs watching and therefore have advertisers paying up.
So don't be freaked out by what you read or hear, 95% of it is bullshit.
The common flu kill 75,000 on average per year and this pandemic has only killed 3000.
Yep pandemic people, a total load of shit designed to freak you out and force you to become even more scared of your own life.
Let's get a few things straight regarding it. Yes some will disagree but I have this from a professor at Sydney University.
The corona virus needs humility to survive and spread.
The virus is a strain of Bird flu / SARS and is designed to kill those over 50.
69% of China's population is over 50 years old.
Average age in china in 2000 was 30, the current average age is 38.5
Average age in Australia in 2000 was 35.4, the current average age is 37.9

While China has tried to export the elderly for years they are still left with the burden and unlike Australia the lucky country which is wealthy enough to pay pensions, there is no pension in china, or nursing homes.
Family look after there own.
When families can't any longer there pushed to the streets.
Be smart and think outside the box people.

Due to the discounts in the market I did some buying.
Bought PAR.AX, ABR.AX, UWL.AX and finally waited a year but it came to me OCC.AX.
Do your own research in these companies, there more a trade than a hold as they have come off there prices levels more than average.
ABR.AX is a longer term play.

Those who are avid readers will know that I have discussed these stocks before.
Discounts of 30%-50% are buys for me.

As always use the above as an indicator to your own research.
Ask your financial advisor on more on the above.
I'm not a financial advisor.
Past performance is not a guarantee to future performance.

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