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Good morning

"Quote SMH
Among the major banks, ANZ was down 22 cents at $25.18, CBA fell 37 cents to $59.16, NAB was eight cents weaker at $28.38, and Westpac slipped 34 cents to $27.86".

My SMSF has the big four banks plus Bendigo Bank along with other stock. The banks are a long term investment and daily price increase or decreases are not a concern as they are held mainly for the dividends.
I notice the above quote this morning in the SMH that the shares dropped. Please can someone advise as to why. I am not complaining or worried just interested
 
Australia - are things as good as they're going to get?
 

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The smartest guys in the room believe the sky isn't falling after all. Greece? Pffft! They say Greece is less the canary in the coal mine and more of an amusing, if insiginificant, distraction.
 

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Bump :)

Good article worth reading.

Mining resurgence to dominate early 2017 initial public offerings

Resources companies are set to dominate share market listings early in 2017, after having been on the nose last year.

Out of 23 companies that are currently planning an initial public offering (IPO) in 2017, almost half (11) are in the resources sector.

That compares with just 12 resources-related companies listing during the whole of 2016.

"A significant proportion of these are focused on lithium and cobalt, a sign of the continuing push for materials used in the creation of energy cells," observed Macus Ohm, a partner at accounting firm HLB Mann Judd, which compiled the IPO Watch report.

In a sharp reversal on last year, only one of the planned listings is a tech company.

In 2016, around a third of the IPOs that took place involved tech or biotech companies.

Overall, last year was a solid year for IPOs, with 94 floats raising $7.5 billion.

The number of IPOs was up from 85 in 2015 and the value of the IPOs rose 7 per cent.

However, the lack of major listings meant that the amount of funds raised last year was less than half of the record $16.7 billion invested in IPOs in 2014.

HLB Mann Judd observed that the vast majority of companies achieved of exceeded their fund raising targets.

It also found that, on average, investors in IPOs beat the broader market, with a 16 per cent gain versus 7 per cent for the benchmark index.

However, subscribers to IPOs needed to be choosy, with a minority (40 out of 94) of floats finishing the year in the black, while the majority of IPOs lost value.

http://www.abc.net.au/news/2017-01-31/mining-resurgence-to-dominate-early-2017-ipos/8227564

Scotch on the... rocks :cool:
 
Elon Musk’s rocket ship company SpaceX recently received a company valuation of $44 billion, and a long-term valuation of $100 billion, with major financial institutions now poised to become a potential partner in any forthcoming IPO. What can we expect when SpaceX finally decides to launch?
After a record-breaking year for IPO’s, SpaceX now sits at the top of the chart as the largest unicorn company remaining in the private market. Following its recent valuation of $44 billion, seasoned investors are now readying themselves for its official launch.

$100 Billion Long-Term Valuation​

Due to its position in the growing space industry, Morgan Stanley doubled its long-term valuation estimate for Elon Musk’s SpaceX and is now expecting the company to be worth at least $100 billion. “SpaceX continues to solidify its place as ‘mission control’ for the emerging space economy.”

$50 Million Daily Profit​

Experts have forecast that SpaceX will achieve a launch cadence of 1 launch per day by 2040, and by reusing its rockets, SpaceX will bring in $67 million per launch with an operating margin of 20%.
 

a wide-ranging talk , some might find interesting ​

​

MARKETS, INFLATION, INTEREST RATES – BOB HOYE. GOLD, SILVER, LITHIUM, CRYPTOS – JOHN RUBINO. AMY.V​




DYOR

​

 
I guess this fits under "other stuff."

Say farewell to off-market buybacks at a discount which includes juicy franked dividends. Franking will not apply as at the delivery of last night's Budget.

1666727491799.png
 
how many on ASF think they're above average??

Australian men aged 70 were the most active investors on ASX-listed investment platform Selfwealth last year, averaging 61.4 trades, followed by 68-year-old men who made 60.3 trades.

Baby Boomers make up 10 per cent of Selfwealth’s 130,000 customers, with most investors on the platform in the Millennial (52 per cent) and Gen X (21 per cent) cohorts.

The average Baby Boomer trader made 31 trades. By comparison, Gen Z traders made an average 6.4 trades, while Millennials averaged 10 trades and Gen X made 19.3 trades
 
Dona Ferentes said:
how many on ASF think they're above average??

Australian men aged 70 were the most active investors on ASX-listed investment platform Selfwealth last year, averaging 61.4 trades, followed by 68-year-old men who made 60.3 trades.

Baby Boomers make up 10 per cent of Selfwealth’s 130,000 customers, with most investors on the platform in the Millennial (52 per cent) and Gen X (21 per cent) cohorts.

The average Baby Boomer trader made 31 trades. By comparison, Gen Z traders made an average 6.4 trades, while Millennials averaged 10 trades and Gen X made 19.3 trades
Click to expand...
41 trades on Bell Direct ( in 2022 ) and 59 trades on Commsec ( in 2022 ) ( this does NOT include M&A and spin-off moves , TLC , etc. )

arguably i turned 68 at the end of the year ( but am not a customer of Selfwealth )

SO FAR this year only one buy

good luck
 
Dona Ferentes said:
how many on ASF think they're above average??

Australian men aged 70 were the most active investors on ASX-listed investment platform Selfwealth last year, averaging 61.4 trades, followed by 68-year-old men who made 60.3 trades.

Baby Boomers make up 10 per cent of Selfwealth’s 130,000 customers, with most investors on the platform in the Millennial (52 per cent) and Gen X (21 per cent) cohorts.

The average Baby Boomer trader made 31 trades. By comparison, Gen Z traders made an average 6.4 trades, while Millennials averaged 10 trades and Gen X made 19.3 trades
Click to expand...
I saw this report and it did not surprise me.

Boomers have had the most fun, enjoyed the most self imposed risk, S,D, and R&R and compared to younger people are less risk averse and constipated in their outlook on life.

In my experience. apart from a few old Liberals from Sydney and Melbourne who belong to those clubs I would not join, Boomers couldn't give a **** about going broke or making a fortune.

It's the Vibe.

gg
 
Garpal Gumnut said:
I saw this report and it did not surprise me.

Boomers have had the most fun, enjoyed the most self imposed risk, S,D, and R&R and compared to younger people are less risk averse and constipated in their outlook on life.

In my experience. apart from a few old Liberals from Sydney and Melbourne who belong to those clubs I would not join, Boomers couldn't give a **** about going broke or making a fortune.

It's the Vibe.

gg
Click to expand...
GG as I one the 70 plus I suppose it boils down to what we have been through. extremely high interest rates down virtually zero. A depression a couple of not quite world wars, high employment and good wages, and I guess from my own experiences know how to manage the folding stuff when we were paid that way, not living on borrowed money via a credit card. I don't like the idea of going broke bt could live with it as I know how to up and get going.
 
Dona Ferentes said:
how many on ASF think they're above average??

Australian men aged 70 were the most active investors on ASX-listed investment platform Selfwealth last year, averaging 61.4 trades, followed by 68-year-old men who made 60.3 trades.

Baby Boomers make up 10 per cent of Selfwealth’s 130,000 customers, with most investors on the platform in the Millennial (52 per cent) and Gen X (21 per cent) cohorts.

The average Baby Boomer trader made 31 trades. By comparison, Gen Z traders made an average 6.4 trades, while Millennials averaged 10 trades and Gen X made 19.3 trades
Click to expand...
Everyone else is too busy working.
 
And more and more geriatrics are now returning to the workforce, Is that because someone has discovered they know how to work and do turn up when they should.
 

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