AFF Member Stock Discussion

Market down 3.55%. My portfolio down 2.88% so in funds management parlance I outperformed the benchmark today. My best stock (RMD) was actually up 0.20 % (6 cents) and my worst (LNK) was down 6.40% (27 cents).

So whilst I pat myself on the back for my outperformance I still lost the equivalent of a Qantas J return to London. Ouch! Tomorrow is another day.
 
MARTINE said:
Buying opportunity?
Also Agree with @tgh that super funds attractive for tax grab (nothing like retrospective actions killing a lifetime of planning). If Malcolm was happy to do it - it is a given it will be ‘looked at’
Jo Public does not care about people w millions in super….
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Without being too political would note that however Labour as the originator of super being for retirement only have been quite strong on protecting super, it’s been LNP governments who have been keen to raid super (not least because it wasn’t their idea). Not ruling it out but probably only for the top end, I.e. those with tens if not hundreds of millions in super. Won’t impact most of us (mores the pity).
 
I love to travel said:
I have been trying to work out why they have had a shocker of a month
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Mr market! How much borrowing do they have may be a better question, it may not actually be true in their case but property trusts are frequently reasonably highly leveraged so are highly impacted by interest rate changes. This may not a tube true here but in a selling frenzy not sure how closely people spend investigating such things.
 
I expect a couple of bounces but I don't think we are anywhere near the bottom.
I may sell some more on the bounces but won't be buying yet. The numbers just look bad. For instance 77% of US stocks are below there 200 day average.
 
I have a personal trading account as well as our SMSF. It dawned upon me as having worked basically full time I had paid a lot of tax. next financial year will be next to nothing. So I decimated my trading account. a lovely loss but I am pretty sure I will be able to buy them back at a lower price and profits any time after July 1 will be taxed a lot less.
 
One might opine that all that has happened is the froth has been blown off.
If , however ,we are at a baseline of hard market value, any more significant reversals might indicate a real value decline...
 
There is a fair bit of narrative about the RBA not lifting early/fast enough locally but given much of the inflation is imported having them (other countries) wear the pain earlier/harder probably means we won’t need ultimately to raise rates quite as much. And, (while painful) such a large rate rise is probably what was needed in the US if they want to get inflation down quickly, short term pain for long term gain. IMO this latest sell off just reiterates how short term focused most of the ‘market’ is.
 
The S&P 500 futures just filled my short trade so it looks as though there might be more downside to come tomorrow....
 

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