AFF Member Stock Discussion

[prozac]

Just heard an expression I've not heard before. Dennis Shanahan has mention per capita recession, essentially where the economic figures do not represent the reality experienced by the population.

 

[serfty]

Just heard an expression I've not heard before. Dennis Shanahan has mention per capita recession, essentially where the economic figures do not represent the reality experienced by the population.

It's an issue caused mainly by the end of "Quantative Peopleing":

‘Record decline’: One ‘dirty secret’ stopping devastating recession from hitting Australia

 

[prozac]

110 point slide on the S&P500 overnight.

Dow Jones also down 1% and oil too. It is said oil is reacting to China, the largest oil importer, increasing EV uptake. I am now watching Woodside for further fall in SP. Low $23 on Monday? Interesting Australian Super Pty Ltd that became a substantial holder on 5 July (5.02%) issued notice it increased holding to 6.14% end August. If you prefer numbers they have 116,634,944 shares!
With projected lower 2025 dividend is this one reason the SP has dropped now it is 'ex'?

 

[cove]

The current economic situation has been clouded by record immigration. If you read Macro Business you will hear a bit more truth than the bs that our political folk are spruiking.
Many citizens are now facing a big downturn in their financial positions.
I do hope the dopey idea of Australia funding some new manufacturing gets blocked as that money would go down the drain.
Buckle your seat belts as the ASX will be heading lower on Monday.

 

[prozac]

The current economic situation has been clouded by record immigration. If you read Macro Business you will hear a bit more truth than the bs that our political folk are spruiking.
Many citizens are now facing a big downturn in their financial positions.
I do hope the dopey idea of Australia funding some new manufacturing gets blocked as that money would go down the drain.
Buckle your seat belts as the ASX will be heading lower on Monday.

Watch that $1b go down the drain. We are going to compete with the world giant of manufacturing solar panels, really! Fantasy Land.

 

[Mr_Orange]

Not such a bumpy ride after all.

 

[cove]

The tiddler QPM started to stir this week as it reworks their gas acreage in North Queensland.

 

[Major]

I have been out of the market for a few years. Who are the best brokers these days ? Are there any FF points to go with trades ?

 

[SYD]

I have been out of the market for a few years. Who are the best brokers these days ? Are there any FF points to go with trades ?

There are a tonne of online brokers now. You can earn some QFF points with Superhero (and they have cheap brokerage). But they’re not CHESS sponsored and technically hold your shares on trust.

My main CHESS sponsored broker now is NabTrade (but Commsec is pretty similar). Both free to open a trading account. Nabtrade also has a “high interest” (4.75%) online savings account linked to your account, so you can kind of use that to balance a portfolio between cash, shares / ETFs and bonds etc.

It’s pretty easy to transfer between brokers using a B2B request. I use SuperHero to sell stuff. Plus I have some small US holdings with them - although, I’ve been meaning to transfer those to NabTrade.

 

[tgh]

I have been out of the market for a few years

Sadly you have missed the best gains in a very long time.
The future is at best flat and fraught with risk for casual dabblers..caveat emptor...

 

[Mr_Orange]

I have been out of the market for a few years. Who are the best brokers these days ? Are there any FF points to go with trades ?

Most of the major banks have a trading platform, which is either in-house or a branded version of a third party platform. They are all much of a muchness and a safe bet for just ASX-based trading.

If you want to have access to international equities, currency trading, leveraged instruments or anything that are not simple shares or ETFs, then you should look at Saxo Capital Markets.

 

[SYD]

I have been out of the market for a few years

Sadly you have missed the best gains in a very long time.
The future is at best flat and fraught with risk for casual dabblers..caveat emptor...

Really depends on the time horizon?

Yes, the banks are hot at the moment but miners / O&G are down relatively. Property (REITs) are still well down from Pre COVID highs. They’ll recover when WFH is a thing of the past.

 

[Mr_Orange]

The future is at best flat and fraught with risk for casual dabblers

The same could be said for any month in any year. The stock market is not the place for casual dabblers, ever.

There are definitely profits to be made over the next year or two and remember, prices don't have to go up to make money. Shorting is much easier now with the proliferation of ETFs offering this functionality.

 

[SYD]

Hmm, this just arrived…. Analysts predicting the bursting of one nasdaq darlings bubble! I wonder if they used AI to come up with that?

 

[prozac]

I have been out of the market for a few years. Who are the best brokers these days ? Are there any FF points to go with trades ?

I have an older broker. If interested PM me.

 

[Freq Flier 2013]

Self wealth is another broker. $9.50 per trade unlimited amount. Cheaper than the major banks.

 

[Dr Ralph]

Stake is $3!

 

[Buzzard]

Self wealth is another broker. $9.50 per trade unlimited amount. Cheaper than the major banks.

I've been using Self Wealth for years.
Not sure if they still do, but they used to have a referral credit.

 

[MARTINE]

Been watching BHP. Yesterday looked like it would break down through $40, now at $38.83 today looks like there is nothing to support it to $35.

You were saying?

 

[SYD]

You were saying?

I topped up a few parcels on Friday and pondered RIO and BHP (I already have quite a lot of both) but passed

Mind you, WDS was one I did and it’s up over 3% today! Dang, almost bought 2x what I did….