AFF Member Stock Discussion

There I was thinking about Book The Cook!
We have more than 150 stocks and bonds and plan to trim a few off this month.
Maca which is MLD had a good run made better by an issue.
 
Anyone a ”sophisticated investor” signed off by your accountant?
We have had that investment status for years.
 
Almost there Captain Halliday.....
There is an investment coming but only available to “sophisticted investors” as defined by ASIC.
Their last one is up 58% in about 15 months but this is no guide to the success or failure of this one.
We took up all of our Maca MLD offers @$1.02 so that was a good one.
Wiluna Mining issue was trading below the offer so we didn’t bother with that one.
Our accountant had all of our files this week so we just bought Cirrus Networks CNW which should have a good half yearly. It is a bit of a minnow so could be interesting if their report is good.
Telstra and Westpac started to move up and we have been patient.
 
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We can pretty much all qualify as mug punters with the occasional dud investment. Our worst one was in a company that had operations in China and the assets got stolen by an insider. ASIC struck that one off After it was suspended from the ASX. Someone got $35 million and it was not anyone we knew.
 
TBH I'm doing OK overall. It's more about what I thought about buying but didn't or bid too low. For example, I bid $1 for QAN but they went to $2.01, not buying APT for around $8 thinking nah, they won't do any good. Same for LPD @ $0.005 and FMG for $9.xx. I thought about BEN @ $6.60.
Considered topping up CBA again around $65 (did at $55). The list goes on.
 
By the time we started looking at Tyro the market was halted as a short seller was striking hard. Should be an interesting one next week.
@Buzzard your Telstra are starting to move up a little.
We missed BEN as we didn’t like their operating costs jumping when everyone else‘s costs were dropping. BEN shares went up anyway.
 
I’m happy with my covid purchases back in March. Westpac for $15.80, WTC for $11.70, IRD for 0.05
Just bought some A2M yesterday, see how they go.
like everyone else I looked at APT but didn’t take it and regret it now
 
Anyone a ”sophisticated investor” signed off by your accountant

Not sure who decides if you are sophisticated or a bogan , but we were offered wholesale market access by our broker many years ago.
I decided that I was more at the bogan end of the spectrum , needing my fingers to count past three, and declined.
I guess I could still play chase the rainbow and direct market access would facilitate it , but instead settle for slow organic progress..
 
ASIC do: Sophisticated investor.

Oh.. thanks.. all this new fangled bureaucracy has created a whole new level of "advice employment" that "someone" is paying for.
My brush with the sophisticated/wholesale concept was probably 30 years ago…
 
@tgh it is us the taxpayers who are paying for all those levels of government.
We were the folks who sold APT and A2M before they really took off.
Yes we did get some Westpac at $15.03 but not enough.
This past week ended up ok but last night gold dropped a bit.
 

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