AFF Member Stock Discussion

[Freq Flier 2013]

stocks rose on the idea that inflation was fixed.

Classic herd example of buying the rumour.. whenever it comes the rush for the exits this time will be a doozy

If the exit ever comes ??

 

[MARTINE]

I remember many years ago The Age had a little weekly stock selection vignette.
$1000 given on Jan 1 to various analysts, a few ‘mum and dad’ investers and ‘the dartboard’ which displayed a range of stocks randomly selected by where it landed.
At the end of the year the analysts did not make the most $$ and ‘The Dartboard’ did reasonably well

 

[drron]

If the exit ever comes ??

 

[TheRealTMA]

Watch What The Hell Happened To Blood, Sweat & Tears? online – Prime Video

Political thriller revealing the untold story of the first American rock band to perform behind the Iron Curtain who upon their return find themselves trapped in the crosshairs of a polarized America with severe career repercussions.

www.primevideo.com

 

[Disco]

great track

 

[cove]

Have to re-invest the funds from our CBA sale is going to take a while. Today we picked up Whitehaven Coal and Tuas.
Whitehaven are likely to be free of debt within 3 months as they have sold an interest in a mine.
Tuas appear to be progressing well with their Singapore roll out.

 

[SYD]

Have to re-invest the funds from our CBA sale is going to take a while.

Keep some aside for the CGT.

 

[cove]

Had a tax audit two years ago thanks @SYD. We pay our taxes on time and the ATO get their share each year.
The ATO is a necessary evil to keep Australia running.

 

[SYD]

Had a tax audit two years ago thanks @SYD. We pay our taxes on time and the ATO get their share each year.
The ATO is a necessary evil to keep Australia running.

Yes, it was more to the point that if you’ve made a tidy gain that it has to be paid in due course.

My CBA cost base is circa $35 ea, so I don’t want or need the CGT headache at the moment, but I’m very happy with the >15% pa income and the average of 5% growth pa - most of which is pretty much locked in but certainly not planning to buy more any time soon!

 

[cove]

Turns out we have more CBA shares due to taking dividends in shares. Anyway it isn’t really a problem. Looked up Sharesight to see that. We used an advice broker for the Whitehaven idea.

 

[prozac]

Have to re-invest the funds from our CBA sale is going to take a while. Today we picked up Whitehaven Coal and Tuas.
Whitehaven are likely to be free of debt within 3 months as they have sold an interest in a mine.
Tuas appear to be progressing well with their Singapore roll out.

This prompted me to take another look at Whitehaven. My broker has a recent recommendation too. Bought 7k today at the market 6.14.

 

[cove]

I used the broker who found us a buyer for Good Drinks Australia before they delisted so I felt I owed him another deal. Whitehaven looks ok and we do have Yancoal.
Saw oil has moved up a bit along with gold in the last couple of days.
Was approached to sell our Aspen Group shares today as we have a lot of them. Not ready to sell them.

 

[Ansett Nostalgic]

Had a tax audit two years ago thanks @SYD. We pay our taxes on time and the ATO get their share each year.
The ATO is a necessary evil to keep Australia running.

The ATO has a tyrannical effect on Australia and is an obstacle the country becoming more wealthy, pleasant and successful

 

[cove]

My tax audit lasted 6 and a half months and it was in the year where we were getting the business ready for sale. That timing was not nice as I was busy with lots of buyers questions. Had nothing to hide and I was helped by our tax accountants,
Over time I have run into businesses that would have way more problems with a tax audit than me.
Tha ATO then disallowed GST on brokerage in a company by telling me the company was not running a business under some obscure GST rule when that was all this particular company did. None of my stockbrokers had ever heard of this rule.
We are just under water on IPH but as I said I like that business.
Santos and Woodside should start improving as gas and oil prices improve.