XAO Just Dropped Like A Stone

[divs4ever]

Yup..on same wave length as yours.

i thought Albo would be just happy if he was outside Australia , and not lurking around looking for ways to become PM ( again )

 

[wayneL]

Nice start to the year ?

An omen?

 

[Dona Ferentes]

Nice start to the year ?

An omen?

Eek. And Futures were positive before open.

 

[Garpal Gumnut]

Eek. And Futures were positive before open.
View attachment 151176

It would be interesting to see the correlation between futures at XAO open and EOD price XAO the following day.

From my reading of it they are disconnected and useful only for the Crisco tanned media commentators to begin their day.

gg

Nice start to the year ?

An omen?

gg

 

[divs4ever]

i was half-expecting another lump of coal , however this looks more like a slab concrete

interesting

 

[Rabbithop]

i was half-expecting another lump of coal , however this looks more like a slab concrete

interesting

I had picked up the lump of coal today.

 

[Smurf1976]

Nice start to the year ?

An omen?

The good news is my portfolio is beating the index.

The bad news is I’m still losing money.

Being right but still wrong at the same time is never good.

 

[divs4ever]

The good news is my portfolio is beating the index.

The bad news is I’m still losing money.

Being right but still wrong at the same time is never good.

the truly horrible feeling is , where did i park some cash ( too many choices , not enough $$$ )

cheers

 

[over9k]

Not to be awful here but why are you guys still trading AU markets?

 

[UMike]

Not to be awful here but why are you guys still trading AU markets?

Because most of us live here and know the macroeconomics well.

 

[sptrawler]

I have a feeling Albo might be more comfortable with him in Washington because he'll have to tow the line of our parliament and not go off piste. In China, God knows what he would have got up to behind the scenes.

Nailed it, the last thing Albo needs is captain chaos running amok, Malcolm wears a different tie, so he just looks like a wretched ghost. Kev is an ex Labor PM that can't shut up, great move to give him an audience that doesn't care, but are too polite to say.

 

[sptrawler]

Because most of us live here and know the macroeconomics well.

That is exactly how I feel, when you have to live off your investment earnings, it helps to at least have an understanding of the company you are purchasing.
Add to that the fact that if you purchase stable companies that pay wages and taxes in Australia, there is the benefit of franking credits. Whereas if you buy into an overseas company, not only is there risk associated with not understanding the market, there is also the tax implications and brokerage issues.

 

[wayneL]

Not to mention CHESS.

If your custodial broker blows the @#$& up, what then?

 

[over9k]

Because most of us live here and know the macroeconomics well.

Well obviously not because then you'd know how reliant on china it is and thus why AU is in a world of hurt on account of china being in a world of hurt.

Even twiggy forest has been pivoting away from mining.

 

[divs4ever]

Not to be awful here but why are you guys still trading AU markets?

i am looking to cherry-pick opportunities ( it is what i seem to do best )

i am more an opportunistic investor rather than a real trader

and i don't like the Sovereign risk ( and FX risk ) of investing in many nations/continents

Australia is a relatively clean shirt in the rag-bag and i only need a few opportunities to play out nicely in the longer term

for instance i bought some ASIA in October 2018 (@ $5.40 ) and December 2018 ( @ $5.05 ) and reduced in January 2021 ( @ $12.25 )

recovering the investment cash but letting the profits run

AGG bought in February 2017 ( @ $3.09 ) and reduced in August 2019 ( @ $7.02 )
recovering the investment cash but letting the profits run

but trading to pay my bills , not me , i don't like the extra pressure with that strategy ( regardless of the market chosen )

good for you if you can do it successfully

 

[over9k]

Right but let's think about AU's trade here, it's almost entirely dependent on china and china is f**ked.

The obvious answer is to pivot to india but india is far, far, far more resource rich than china so india will never be the substitute necessary.

Ergo, this country's in quite the bind.

 

[divs4ever]

Right but let's think about AU's trade here, it's almost entirely dependent on china and china is f**ked.

The obvious answer is to pivot to india but india is far, far, far more resource rich than china so india will never be the substitute necessary.

Ergo, this country's in quite the bind.

not as 'f**ked' as some , they can , and maybe will, fix it for themselves ruthlessly and efficiently ( and probably sees us now as 'unfriendly' )

the pivot to India is probably too late , 2007 to 2010 was a much better opportunity to have pivoted

MAYBE we still have a second chance with places like Vietnam , Thailand , Pakistan , sadly we missed the boat of Mexico as well

and a self-inflicted bind we COULD has signed a non-aggression act and joined ASEAN ( like NZ did ) instead we joined the '5I(diots) and here we are

 

[Dona Ferentes]

Soggy end for a soggy few weeks

Nice start to the year ?

An omen?

Oh Man.

Today's feckless action

 

[divs4ever]

only managed two top-up buys ( and one near miss )

slightly disappointing

 

[peter2]

Self-fulfilling market action. Totally illogical, but we know the market moves on emotions not commonsense.

Seems the bankruptcy of Silvergate bank has startled the timid deer feeding in the field of dreams.

@divs4ever Don't worry, prices will go lower for you.