I'm happy to do the excel work for this one if you like - weekly or monthly updates easy.
Great, ok then. You will only have to do one at the start and one at the end. No need to do during the year, unless you really want to. In the mean time I keep track of it, thanks.I'm happy to do the excel work for this one if you like - weekly or monthly updates easy.
I forgot to mention the 3 changes of Prime Ministers was a caveatYou sober now? 6800 lol
I thought my 4800 was a bit pessimistic, somewhere low 5000s about right. But XAO down another 1.5% so far today. Smurfs 4000 might be favourite
Sounds like you are having a good time Bill, $1 beers is good for the wallet, but not too good for the liver.Wow, finally cracked it, thanks for the update.
As us old boys sit in a bar in SE/Asia drinking our beers this topic comes up often. So it took 11 years and 8 Months to pass our previous high. In the mean time the Dow Jones has almost doubled from it's 2007 highs.
Back to our $1 a beer San Miguels, then the conversation goes on to Donald Trump, beer bar diplomats we are. Cheers all.
The election result has breathed new life into you ayeI'm ever the optimist.
Well let's put it this way, it would be a lot more exciting ATM, if the election had gone the other way. IMOThe election result has breathed new life into you aye
We all will be if it falls in a heap againYou sober now? 6800 lol
Funny just read that and wanted to share.ASX's big churn sees 40pc of the top 100 shares disappear since the GFC
Key points:
- Of the 32 ASX 100 companies taken over since the GFC around a third ended up in foreign hands
- While the GFC sparked much of the takeover activity among weakened companies, very few were bankrupted
- The ASX top 10 is remarkably stable with seven remaining in place from 12 years ago and six from 100 years ago
- Liquidations and takeovers saw 37 of the top 100 from November 2007 drop off the ASX boards.
The 12 years it has taken the ASX 200 to regain its pre-GFC high has seen an extraordinary churn in the big end of town, with almost 40 per cent of the largest corporates disappearing.
While credit markets seized up, threatening the existence of many heavily indebted companies, perhaps surprisingly, only three of the top 100 were bankrupted.
The vast majority of the deletions were due to takeovers, by either offshore raiders or other ASX-listed businesses.
Roughly a third of the ASX 100 companies taken over since the GFC ended up in foreign hands.
The blue chips in the top 10 have proved to be a resilient bunch — six are still there, with only Westfield disappearing via a series of complex restructures and takeovers.
View attachment 96512
More about the abhorred, absorbed, adored, the floored and the moored are here > https://www.abc.net.au/news/2019-08-01/asx-winners-and-losers-since-the-gfc/11345876
Good evening all, here is the 2019 year end wrap up for the All Ords.
The XAO closed today at 6802 which was up 19% for the year. (Up 1093 Points)
This year we did crack the highs of 6873 that happened on November 1st. 2007. However, we could not sustain it. In the last 2 days we had a bit of a wipe out and lost quite a few points off the index so unfortunately the All Ords is still going nowhere for over 12 years.
That's right, we are still more than 12 years behind where the market first reached it's highs in 2007.
Anyhow, we are doing year end 2020 predictions in a separate thread. Please head on over there and put in where you think the XAO will end the year next year, thank you.
Yearly XAO Prediction Thread
A beautiful KISS strategy Bill, which in hindsight would have been my best option, kudos to you mate.Hey @tinhat kudos to you for all your input. I am not much of a chartist so I think how the XAO performs is vital for all the people out there as simple as what I am. For those of us who buy only ETF's or LIC's it works like this. (For me anyway)
If I put xxxx dollars in when say the XAO is the level of 6,000 then that is my starting point, or cost base. After that I just hold and collect dividends. To me and to probably a lot of other simplistic investors the get in and get out point all revolves around the XAO level at the time of entry and exit. What happens in between really doesn't matter as we just hold and get those dividends to live on. (Us retirees that is).
During the last 12 years of holding an ETF that mirrors the XAO all that has happened to us was the dividends changed from 5% to 7% and now back to to around 5% again. If we bought in 2007 and got out now then we would be 100% capital gain tax neutral as there were no losses or gains. We just got paid to hold the ETF. Some of us don't (or at least I don't) re-invest dividends as that is our income.
So for us ETF investing old farts we didn't make anything over the last 12 years in capital gains and probably made an average of 6% dividends over that period of time. The accumulation index is of no importance to me, I never look at it nor do I care about it and I have never known where it has been at anytime in my investing years. Price in, price out and what do I get in between during that time , that's what matters to me, cheers.
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