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What's looking cheap on the ASX?

Discussion in 'Other Asset Classes' started by radson, 11th Jan, 2016.

  1. Pier1

    Pier1 Well-Known Member

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    Distribution.....
    The weak hands giving their shares to the strong hands.
     
  2. devank

    devank Look, lets just get on with this, ok? Premium Member

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    Reflecting on last twelve months of gambling...
    - made 20 tranactions (mostly top 100)
    - traded 331K
    - capital gained 42K
    - dividends 5K
    That's about 15℅ return.
     
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  3. inspiredbyprop

    inspiredbyprop Well-Known Member

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    Nice work @devank. You're doing alright, polish up your skill and soon you could have your own LIC :)

    12mths for me (next Jan)....
    - made 11 trades (same here mostly asx 100)
    - 300k borrowing money (Investment loan & margin loan). I find that this figure is not a true reflection as I own most stocks for long term.
    - capital gain 8.5k (after interest and brokerage)
    - dividends 5k (after interest and brokerage)

    Mine is only about 3.8% after expenses. If I sold all my holdings (planning to keep 12+months), it would only be around 10%.
     
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  4. austing

    austing Well-Known Member

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    No gambling here. As retirees we don't like to take that risk.

    As usual I haven't bothered looking at our detailed investment returns. Being buy and hold dividend investors the capital variations from year to year are of little interest. All I know is that the dividends continue to keep increasing year after year and have gotten to the stage that as retirees we re-invest nearly as much dividends as we spend. And we are certainly not frugal types. We feel very fortunate to have reached this stage of our life and to have discovered this investing approach sooner rather than later. Life is good.

    Hope everyone here has a great Xmas and new year.
     
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  5. Speede

    Speede Well-Known Member

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    The whole stock market is a gamble. Day trader or investor. Buying shares and 'hoping' it will go up is no guarantee.
     
  6. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    You clearly have not read much in the other assets section.
    Anyway, moving on.
     
  7. Speede

    Speede Well-Known Member

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    Keep telling yourself it's not gambling.
     
  8. devank

    devank Look, lets just get on with this, ok? Premium Member

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    In that case, you can call everything as gamble as there is an element of uncertainty.

    I called it gamble because I bought and sold based on 'gut' feel! I don't have much knowledge at all.
     
  9. austing

    austing Well-Known Member

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    He he, buying in the hope it will go up. Yes, I agree that's gambling. But therein lies your problem. No matter whether you buy shares, property or any other asset if your strategy relies on selling something at a higher price then you're just another victim of the greater fool theory. Hence why we invest for income. And shares are pretty damn good in this department as the following chart shows:

    IMG_0021.JPG

    An this doesn't even include franking credits!

    Each to their own. Hope you get to enjoy a wonderful retirement like us whatever you do.

    FEAR = IGNORANCE, KNOWLEDGE = POWER;)!

    Cheers

    PS: Agree with @Ouga, moving on.
     
    Last edited: 22nd Dec, 2016
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  10. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    [​IMG]
     
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  11. abbyfresh

    abbyfresh Well-Known Member

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    --

    Hard to find the cheap now, and if it does short term upside is tricky to isolate.

    I sold my CPU shares at $11.50. It is still going strong?

    QBE is hammering too but didn't grab those why they were hot.
     
  12. Barny

    Barny Well-Known Member

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    Can anyone tell me what the average fund manager/broker (%)returns investors, say over 10 years?
     
  13. Hodor

    Hodor Well-Known Member

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    Not sure that is possible. You can go to each ones website and check out the performance of their products over that time frame.

    Funds that have performed poorly have possibly been closed where as outperforming funds will still be around so numbers on this kind of this are likely to be skewed.

    Investors as a whole can only get market returns before fees, so at a guess I would say that the average return would be market return minus fees.
     
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  14. austing

    austing Well-Known Member

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    This report (p5) will give you up to 5 year average performance for the different fund mgr categories vs the relevant index. There is a lot of very important information in this report in particular about how hard it is for most active Mgrs to beat the index. I recommend you read it carefully paying close attention to the stats. It's not a long report but an education in itself:

    http://au.spindices.com/documents/spiva/spiva-australia-mid-year-2016.pdf?force_download=true
     
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  15. bfhoon

    bfhoon Member

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    Im new to shares and don't know alot. I bought some telstra shares ages ago when they floated back in 2005 I think it was. Im thinking of having another go I was going to gamble on FMG a while ago and I'm so disappointed in myself I didnt most experts warned agains it and the price has skyrocketed. At the moment im thinking VOCUS Communications but everyone is saying buy now so im wary off that lol as im sure most of you know media and news etc can affect share price quite considerably. I dont really have a broker and was considering setting up a combank account for share trading? Dont know much can anyone advise any tips on how I could set it up for a good tax write off perhaps or am I best seeking the help from an accountant etc. On that note also does anyone have any recommendations for a top accountant.

    Thanks
     
  16. BingoMaster

    BingoMaster Well-Known Member

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    For tax advice, consult an accountant.

    For investment advice, do some reading of the threads here. Your questions will have been asked many times before and answered within.
     
  17. wobbycarly

    wobbycarly Well-Known Member

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    And for "tips" on individual stocks, check hotcopper.com. But be aware of the pump-and-dumps and vested interests. Use it as a barometer and to get some ideas on where to look, rather for specific advice.
     
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  18. inspiredbyprop

    inspiredbyprop Well-Known Member

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    What has happened to MTA today? i.e. Expire of Listing Option.
     
  19. pinkboy

    pinkboy Well-Known Member

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    Name change. Its new code is BAT.

    pinkboy
     
  20. inspiredbyprop

    inspiredbyprop Well-Known Member

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    Thanks @pinkboy, I owned only a small amount in my Commsec portfolio, it's showing 100% loss.
    And I couldn't seem to find BAT. Will it be transferred to BAT automatically in the trading platform like Commsec? I presume it will take some time (may be a week) to appear on the account.