Triple crunch

When everyone's worth is tumbling, then you can take some consolation in that fact.  But if your portfolio tumbles more than others, then you will be in trouble... especially if you have margin lending.  Well, I am lucky to have no debt.  And my wife had insisted on keeping some cash as we will need to move to a city property in a decade's time.  Mulgoa house is too expensive and too labour intensive to maintain.

In the last 6 months, I have experienced a big loss but with no regrets.  My problem is to recognize when is the trough.  Value of commodities cannot keep falling as there is a cost to exploring, mining and shipping.  As expensive mines close, the supply will diminish.