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Westpac appoints Acting Chief Executive, Consumer
there you go , somewhere to start your questions
Dump it Here
- Thread starter Skate
- Start date
there you go , somewhere to start your questions
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Haven't had too many issues with my local branch over the years. This was a bit of a pissoff, but all the other the other stop losses have worked, but they fell within range. Still got to deal with the credit fraud I've received just before easter, they were able to block half of the transactions, not sure who's going to pay for the other half yet.As i understand it:
Your stop loss triggered with sp below 2.95, and a sell order at 2.95, per your instructions, was entered.
Not a great way imho to put a sell order as you will shot thru in a falling market with low liquidity..but this is not the issue.
The trouble is: that 2.85 sell order was not visible for a while and so could not be updated manually to a more relevant price.
It will be very hard to prove, let alone get anything from Westpac, unless very happy with the platform, maybe time to move to a better broker?
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A Few Wise words From Uncle Warren
The Secret Sauce In August 1994
Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.
The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.
American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.
These dividend gains, though pleasing, are far from spectacular. But they bring with the important gains in stock prices. At year end, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.
Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.
The lesson for investors: The weeds wither away in significance as the flowers bloom.Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.
The Secret Sauce In August 1994
Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.
The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.
American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.
These dividend gains, though pleasing, are far from spectacular. But they bring with the important gains in stock prices. At year end, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.
Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.
The lesson for investors: The weeds wither away in significance as the flowers bloom.Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.
