AFF Member Stock Discussion

[Happy Dude]

Put it in a savings account

Thats not wealth retention..it is a slow burn path to poverty

As would be shares that, when sold, do not yield at least inflation. The risk or speed of the path would be the difference with whatever a savings account yields.

 

[cove]

Did get to buy Resimac which is RMC on a PE of just over four. They are near their years low and the company has been buying shares back seeing it improves their earnings per share. Interest rates getting hiked won’t dramatically change this company’s profitability is what I think.
Pepper which is PPM is pretty cheap too.

 

[Mr_Orange]

Pepper which is PPM is pretty cheap too.

There is no doubt a very good reason for that!

The chart says to stay away. DYOR.

 

[cove]

Well @ Mr_Orange I actually read financial reports so I am not concerned about charts. It is not always possible to pick the bottom but I do like being a bottom dweller.
I had about dollar a share uplift on NWH so they are all gone probably to a chart follower. Second time for NWH.

 

[cove]

We have MIN,AKE,LLL,STA, BOE and a few others that are going ok.
Have found oil and gas to be tricky. Our CVN shares have had two good hits and STX have pretty good gas hits. Both of these are down.

 

[Mr_Orange]

Well @ Mr_Orange I actually read financial reports so I am not concerned about charts. It is not always possible to pick the bottom but I do like being a bottom dweller.

If you learned to read a ..... oh nevermind, it doesn't matter.

 

[cove]

We decided to have lifestyle assets as well as commercial /industrial real estate and stock market investments. Going debt free was a significant event for Mrscove.
MA Financial took a hit yesterday but may recover today.

 

[Mr_Orange]

US markets have experienced a pretty sharp reversal to the downside compared with (their) overnight trading so it will likely be a see of red on the ASX tomorrow.

 

[cove]

Kitco has the $AUD at 0.67335 at the moment which is down from just over 0.69 when I was heading home from work. So a sea of red is likely in our market based off a US down day tonight.
The inflation rate in thr US has not been resolved by interest rate increases so far. It looks like interest rates are heading higher worldwide.

 

[Mr_Orange]

US markets dropped 240 points......

 

[SydneySwan]

US markets dropped 240 points......

Dow dropped more like 1240 points, actually 1276. I am usually loathe to make predictions about stock markets but I have a hunch that today may be a down day.

 

[Mr_Orange]

Dow dropped more like 1240 points, actually 1276. I am usually loathe to make predictions about stock markets but I have a hunch that today may be a down day.

I follow the S&P 500, so it would have been helpful for me to have stated that for context.

 

[Freq Flier 2013]

A start of new down trend or a daily blimp..?

 

[Mr_Orange]

 

[drron]

The Bear has a bit more work to do yet.

 

[Freq Flier 2013]

CMW is down to .745 so worth a look?

 

[MARTINE]

Its not yet October when the worst is usually yet to come..

 

[cove]

CMW will go ex entitlement to a distribution at the end of this month. Usually 1.625 cents every quarter but is taxable.

 

[cove]

The fall in the $AUD is really kicking up inflation for goods coming to Australia that are US dollar denominated.
Goods in Euro denominations are much less affected but there may be shortages due to the Russian gas supplies to manufacturing being cut off. Brickworks which is BKW made specific comments about building products from Europe going unavailable.

 

[Freq Flier 2013]

The fall in the $AUD is really kicking up inflation for goods coming to Australia that are US dollar denominated.
Goods in Euro denominations are much less affected but there may be shortages due to the Russian gas supplies to manufacturing being cut off. Brickworks which is BKW made specific comments about building products from Europe going unavailable.

I wonder when or if building materials will come back to normal? I’m planning to build in the next 1-2 years and it’s not looking very good with pricing and trade availability.
Might keep playing with the stock market for the time being.