some have dropped a fair bit
Bitcoin from ATH $64,000 to 28,500 USD
but there was a “stable coin” Terra which has been smashed and stable coins are supposed to be stable…less fluctuations from $1 to less than a cent overnight
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Cash is King at the moment.
Animal spirits podcast
V shape recovery is dead, Fed not looking after us anymore.
will be a longer bear market.
Peak to trough to peak generally 1.5 years.
Outliers are long ones
Focus on something else.
Gasoline prices are rising again.
Yesterday I had a chat to an investment adviser from a very well known firm. His clients are all very wealthy, self funded retirees. He said their plan is to sit on their hands and do almost no trades until the cash rate goes to 1%.
He says profits are good and growing, dividends are either stable or increasing so no need to get out. The whole world economy is in flux and they can’t get a clear hold on direction. They suspect a soft landing but too many undecided factors.
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Precious metal, when it was first mention on pages i follow, AVL skyrocketed the following day before I had a chance to look into it properly . so i didnt bother chasing it looks to have fallen back a bit now. I don;t know,
Vanadium in Australia: The current landscape
Vanadium’s top three producers worldwide are South Africa, China and Russia, which are also the countries with the largest vanadium reserves. China is responsible for the majority of the world’s vanadium output at 60 percent, with Russia at 17 percent and South Africa at 7 percent globally. Currently, there are no vanadium mines in the US or Europe, making it a relatively untapped market for most of the western world.
I guess given west, attempt to rely less on China and Russia, then there may be benefits.
I will try to be looking for dividend paying stocks though as need to boost quality of portfolio.
trend is looking more towards valuation than growth at least for the near term.
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Got rid of some of my bank shares, a. to get in early, and b. to have cash when the car arrives.
All the non-dividend stocks have taken a hit, so may as well sit on them.
And the sales will affect my capital gains. Might even miss out on my franking credits.
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Has anyone setup a super account for a student (under 18)? Looking at Student Super mainly because they have no fees for less $1000 balances. I don’t expect my kid to get anywhere near $1000 whist at school and can move to a different fund when earning more.
Any thoughts/suggestions are appreciated!
Looks good for amounts under $1,000. Starts to get a little pricey (ie 0.99% admin fee) for amounts over $1,000 but as you said you could move to a industry fund etc at that time.
Is the growth comparable to what you get in other industry funds? If it’s a fair chunk lower do you reckon its just worth putting it in an industry fund that performs better now, but may have higher fees?
Just my random thoughts.
After doing a bit more research, turns out they invest your funds in cash <$1000, which means the returns are bugger all. TBH, my main concern was her meagre super would be stripped by the fees. Would rather they grow really slowly rather than get eaten away.
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Yeah…well…they don’t want the miniscule assets frittered away by risky investments. I can’t remember what it’s called, but there’s a rule that small accounts can’t have fees higher than their earnings.
Big fall coming today. Dow dropped more than 3%
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In for more pain it seems.
had a pretty good week so far making up for some of past weeks losses.
Biggest Losers
BSX -6.99%
NASDAQ 100 -5.06%
S&P 500 -4.04%
Dow Jones -3.57%
As a novice investor the prospect of my first real market crash is exciting. Looking out for some bargains that will form 10+ year holds.
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A share market fall and property fall should be good things for younger investors.
However, it probably helps the big end of town buy up more too.
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very true…property wise there hasn’t been the generational reset since early 90’s…although I suspect the RBA will chicken out before breaking the economy that much
I bought my second house early 1992….probably would have been $300k a year before, paid $232k.
And yes, I sold my first house to help pay for it.
OK, here is a list of Lithium miners so you can all follow the yellow brick road - interestingly, they are all green today. That’s a welcome change.
Oh! I might have forgotten LKE but they are in the red so…
Possibly a few others, don’t @ come at me
I still think Bitcoin resembles a ponzi scheme…
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