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Address by Marcus Padley

Julia

In Memoriam
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Marcus Padley (stockbroker/analyst) was one of five guests on Radio National's "Fora" programme on "The economic downturn - what should we do".

His comments are something all new people (and plenty who are not so new) should listen to, especially those who believe that "if a stock gets cheaper, then it's more of a bargain", and that "averaging down" makes any sort of sense.

Marcus Padley is the final speaker.

http://www.abc.net.au/rn/foraradio/stories/2009/2555295.htm
 
Thanks for that Julia.

Marcus writes something called the Marcus Today newsletter (google it) and features every morning on 774 ABC Melbourne with Jon Faine. He brings a new light to economics and markets with what i find to be a no nonsense approach and tells it how he thinks it is without the gloss if need be.

I cant wait to here this speech though. Just downloaded it and whacked it in the iPod.

:bier:

blue
 
Marcus is often interviewed on Lateline Business......Ali Moore goes weak at the knees when interviewing him.....he is a very cool guy....

I made some hurried voice notes when driving home last night when listening to him.....about his main rules of share trading.....


- falling price always means 'sell'. the market falls 3x faster than it rises. therefore act quick in a bear m. humans take a long time to get the message, but you don't have time in a bear market

- cash is the best stock in a bear market

- no one ever tells you to sell... the finance industry is a marketing machine, designed to suck you in, not let you out. therefore sell decision has to be yours....and industry will resist you.

- nobody "knows".....investment comes with risk, don't ever think it's safe

- is buy and hold dead? good for Warren but not for those who haven't got their mortgage and school fees covered and can't afford to be patient with a 30+ year time line....buy and hold has always been dangerous and a compromise.....it's buy and watch like a hawk ALWAYS
 

Thanks Julia. Marcus is I think is probably one of the only stckbrokers out there who literally tell it how they see it. To bad his newsletter his to expensive. w.
 
"is buy and hold dead? good for Warren but not for those who haven't got their mortgage and school fees covered and can't afford to be patient with a 30+ year time line"

This quote seems to apply more to brokers rather than their customers. Brokers don't earn commissions unless their customers are churning their account.
 
This quote seems to apply more to brokers rather than their customers. Brokers don't earn commissions unless their customers are churning their account.

That's only if you ignore the customers who rely on bank dividends or living off equity, in this recession. i.e. ANZ share price halved and div just quartered....
 
LOL .. I go weak at the knees watching Ali Moore

get in line.....she certainly asks some of the more astute questions of her guests, which I hope she thinks up by herself.....there's no greater turn on than brains and beauty, with a cheeky grin.

she certainly puts the usual ABC pinko goons to shame (Tony Jones, Kerry O'Brien).
 
Yep. Thanks for posting these points. Hopefully it might encourage a few more to listen to his comments.

- no one ever tells you to sell... the finance industry is a marketing machine, designed to suck you in, not let you out. therefore sell decision has to be yours....and industry will resist you.
I reckon the Storm clients could attest to this.
 
I just listened to that again and you get more out of it after listening a few times.

Brief jotting down of his "6 points", apologies for any errors in spelling but he talks really fast.


wonder.
 
Marcus is on Lateline Business every Tuesday nite...or is it Wednesday's, anyway
he comes across as pretty cool and very honest...often says hes go no idea why
XYZ went up or down.
 
Thanks all.

I heard some of it live.

Has anyone got a transcript of it?

gg
 
marcus has a weekly column in the west australian newspaper and i always get a kick out of it
 
Thanks, Jack. Yes, that appears to be the first part.
 
Thanks Julia. Marcus is I think is probably one of the only stckbrokers out there who literally tell it how they see it. To bad his newsletter his to expensive. w.

If he dispenses information so freely, then who buys his Daily Newsletter? I would appreciate it if a current subscriber could rate it.
 
If he dispenses information so freely, then who buys his Daily Newsletter?

The information he dispenses is nothing compared to what you get in the newsletter. I've done one of those trial things before and you get three emails each day with updates. The morning email is very large like Charlie Aitken's "Under the southern cross" and Denis Gartman's "The Gartman Letter", if you have heard or seen any of them, proboably about 1500 words from memory.
 
Yes a good man to listen to and funny at times too.

Although I learned nothing groundbreakingly new from it I will listen to it a few more times. What a breath of fresh air he is.
 
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