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maybe but SP did not follow the expected xmas merry go round and I am out today with a small profit
FMG - Fortescue Ltd
- Thread starter GreatPig
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My crystal ball worked today, lol. I thought it would be China's stance on the economy.
If nothing else bad happens between now and then you might see a decent price movement from late Jan to early Feb.
https://www.reuters.com/world/china...licy-shift-since-2010-spur-growth-2024-12-09/
China vows to ramp up policy stimulus to spur growth in 2025
- Summary
- China monetary policy shift is first in 14 years
- Fiscal policy will be more proactive
- Stock market jump as policy tone raises optimism
- Trump's tariff threats a major risk to growth
China will step up "unconventional" counter-cyclical adjustments, focusing on expanding domestic demand and boosting consumption, state media Xinhua reported, citing a readout of a meeting of top Communist Party officials, the Politburo.
Value Collector
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Just buy FMG stick the buy contract in you bottom drawer, and enjoy the dividends in perpetuity.
So many people over think these things, and make investment harder than it has to be.
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And enjoy the tax free Divs.
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Just find it hard with fmg and their bi monthly green iron BS.
If i have shares, it is my money going in smoke, on the other hand, maybe cost of doing business , and a good price to pay to join the woke and avoid women secret site under the crushing plant or endangered gremlins in the headquarters gardens
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It's the way of the world these days, RIO and BHP are doing the same thing but aren't as vocal about it. Some of it will cut operating costs if they can get it right, but I go with the flow and collect the money where I can.
Everything is about saving butterflies while they leave on every light and computer running 24/7 in the office, lol!
Value Collector
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Well, not really tax free dividends (unless it’s in your super pension phase, but yeah they come with a tax credit/(franking),
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I'm a self funded retiree before retirement age, collecting divs with franking credits is still better than buying and selling in under a year and paying the full CGT or money in the bank where you pay full tax on any earnings.
Value Collector
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Definitely.
But the more correct way to think about it, is not to think about it as being a tax free dividends, instead divide the franked dividend by 0.7.
So a $100 franked dividend is really $143, which you pay tax on in your tax bracket. If you pay 0% tax you get the extra $43 as a refund, if you are in the 47% bracket, you owe $67 tax but use the $43 tax credit to pay it so only have to hand over $24 out of your $100 dividend.
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Same here, and you are right.
Garpal Gumnut
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FMG doing well this morning as is BHP.
gg
gg
Value Collector
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Value Collector
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Man, you missed the jump by 24 hours.
If shows how hard trading is, most of the big moves you will have no noticed of. So trying to pick them is impossible.
That is the real reason why I don’t bother attempting to trade the market. I would be wrong just as often as I was right, which would put my over all returns at about what the underlying stock returned, minus the extra fees and missed dividends.
But don’t worry it’s just as likely to drop tomorrow, trying to pick it is a mugs game.
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An exceptionally strong (and strengthening USD) @dat111. It's not just the AUD that's weak against the greenback - the other major currencies are also expressing weakness too (i.e.: Euro, Pound and Yen). A good indicator to watch is the DXY for the overall movement (if you feel inclined to trade it, then you can use UUP) - here's the current daily chart for DXY:
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Our economy is a resources based economy, therefore it is affected by resource based analysis and with the expectation of a slowing China, our economy is expected to contract.
So I would say that has an effect on sentiment and our currency.
Also over the longer term as other countries develop more complex economies the strength of their economy is reflected in the exchange rate with ours, e.g Thailand is becoming a manufacturing economy and the Baht has strengthened against the Aussie dollar, as has the Singapore dollar etc.
Well that's my take on it and everyone will have a different opinion.
You can use the data calculator below to compare Australia against other countries and the World median.
Industrialization intensity index | Indicator Profile | Prosperity Data360
Explore Industrialization intensity index Index on Prosperity Data360.
prosperitydata360.worldbank.org
Last edited:
Value Collector
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A weaker AUD vs USD is good for FMG.
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That's very true, but whether that halts the downward trend is yet to be seen.
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Respectfully disagree @Value Collector - that correlation doesn't appear to have been the case this calendar year - a closer correlation between FMG and iron ore (either TSI or TIO) appears to be the case:
