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XAO Banter Thread

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Pretty flat market at the moment, been 6months of falls and now floats around 4900-5300

a tough call for long term investors, easy for a fund manager to do things with new money or take losses on other people's money
 
skc said:
GXL is not a healthcare stock. It's in the pets business so it's more of a retail stock. Yes it has vet surgeries but it's not a health stock.
Click to expand...

I had it in the wrong group.

Deutche Bank 'sector downgrade' according to someone on HC.
 
Healthcare stocks continue to get sold off hard. I can't remember that happening before. I wonder the reason.
 
Something else I've noticed. These web/app companies with one or two clients and no revenue and no hope of revenue. They are forming big inverted V-shaped charts. The run up can even happen over months with low volatility.
 
Turnbull's "Ideas Boom" idea hasn't helped the small app-based start ups.

I don't even use apps on my phone... for anything. Can't be bothered with Google Play. Just find the whole thing annoying and tedious.

Nowadays you can list a company if you have an app that measures how much water your pot plant needs. lol, I bet there's already something like that out there.
 

yep, it's called plantlink
 
Thought the over count on job numbers would have spurred some sort of appreciation but not so. Went crazy down instead.
 
Just amazing, people would have to seriously consider cash as the best place to invest if they have less than 20yr
time frame
 
PinguPingu said:
Effectively nowhere for 4 years!

Oh well, at least you'd have ~4.5% in dividends each year.
Click to expand...
Not quite.

Dec 9th 2011 to Dec 10th 2015

XJO^Accum Index return 42.6%
XJO return 18.9% (doesn't include dividends).
 
Ves said:
Not quite.

Dec 9th 2011 to Dec 10th 2015

XJO^Accum Index return 42.6%
XJO return 18.9% (doesn't include dividends).
Click to expand...


XJo Should be 5 years sorry.. minus inflation But yes, including dividends isn't too bad.
 
Cash wouldn't be that far off if you go back to 2007, think about 3yrs ago you could of got around 8% for 5yr term deposits, capital preserved, be interesting to see the 20yr data on cash

Without having to deal with turmoil,

Not saying cash ideal, but people would have to seriously consider holding more in portfolio or have 20yr time frame with equities
 
Obsessed with the down again. Makes ya want to give this business the flick. Too hard.
 
PinguPingu said:
Effectively nowhere for 4 years!

Oh well, at least you'd have ~4.5% in dividends each year.
Click to expand...

Actually, in numbers terms only, the XAO first hit current levels in March 2006. So that index has gone nowhere for 9 years and 9 Months. What a shocker.

At current prices I have been buying parcels for my super fund, all high dividend ETF's (RDV, VHY and SYI). Gross distributions 7 to 8%, not too bad. I am reducing cash holdings.

Wysiwyg said:
Obsessed with the down again. Makes ya want to give this business the flick. Too hard.
Click to expand...

It sure does, once I have enough to live off interest with money in the bank then I will but with current term deposits of around 3% I am a long way off that point.
 
FTSE has gone nowhere since 1998.

Both the Nikkei and Dow went nowhere for a 30 year period.

ASX longest flat period was 16 years between 1967 to 1983.

ASX is majority made up of Commodities and Financials - CBA, WBC, ANZ, NAB, BHP, RIO, WPL, IAG, SCG, WFD are 10 of the biggest 14 companies, none of which are forecast to grow above single digits for the next few years.

Australia / USA has had a Recession or Financial crisis every decade post WW2.

The median USA recession post first FED hike is less than 3 years.

This is good to me as it suggests we're going to take up many more years retracing and the biggest gains come after the longest flat periods.

Think of it as the current having it's returns put into the future (EG 2008-2018 being put into 2019-) as opposed to the past stealing future returns (2003-2007 stealing from 200.
 
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