AFF Member Stock Discussion

[Freq Flier 2013]

I have been following the restructure of TRS over past couple of years and recently suggesting to my broker I should be buying around $2.80. Broker disuaded me as late as 4 weeks ago. Wish I'd ignored his advice now.

Some brokers know less than we do. They rely on analysis information but need to understand the analysts background and personal biases.

 

[Brissy1]

I did the same and today got the following message:


[td]Dear Investor,[/td] [td]Thank you for your application to invest in WAM Income Maximiser Limited (WAM Income Maximiser).[/td] [td]Following our review of your Target Market Determination (TMD) response for WAM Income Maximiser (as part of the application form), we have noted that your response falls outside the target market criteria. As part of our regulatory obligations, we ask that TMD responses are aligned with the product's target market. As such, the TMD and Prospectus are linked for your review.[/td] [td]What's required from you? Please read and review the TMD and contact us if you have any questions.[/td] [td] [/td] [td]Example of a response that falls outside of the target market criteria: When asked "What is your tolerance for risk?" some investors selected 'low', 'very high' or 'extremely high'. WAM Income Maximiser is considered 'medium' risk and so if you selected a risk tolerance of 'low', 'very high' or 'extremely high', this is considered outside of the TMD.[/td] [td] [/td] [td]Below is a summary of the Target Market for WAM Income Maximiser as per the linked TMD:[/td] [td] [/td] [td]Target Market:
Shares in WAM Income Maximiser Limited (the Company) are likely to be appropriate for retail clients receiving personal advice recommending acquisition of the Shares and retail clients seeking income and/or capital growth and/or capital preservation, using the shares as a satellite or minor allocation with at least a medium risk and return profile, an investment timeframe of at least 5 years and willingness to wait a week for liquidity.[/td] [td] [/td] [td]Should you have any questions in relation to the TMD or would like further clarification, please contact Boardroom Pty Limited on 1300 420 372 (within Australia) or +61 2 8023 5472 (outside Australia) or email [email protected].[/td] [td] [/td] [td]Thank you for your understanding and continued interest in WAM Income Maximiser.[/td]

Never seen this before. Unclear if they've rejected my application because I selected the wrong risk factor??????????

Seems so. But murky if they're applying one's stated overall investment risk appetite to a single investment...eg one might be a conservative investor but still have a small flutter on a startup, or conversely be a big investor in Bitcoin but still want some bank term deposits.

Buy on market?

 

[Cruiser Elite]

Some brokers know less than we do.

Pretty well applies to every walk of life on AFF does it not?

 

[prozac]

So you don’t classify the last few sessions as a ‘dive’?

Dow down 715.8 pts on Friday. More to come imo before the dust settles. Question is, can I sit on my hands long enough with stocks I've earmarked to buy on down dips.

 

[Quickstatus]

Broker disuaded me as late as 4 weeks ago.

I wonder, do brokers say don't buy to one group of clients and buy to another?

 

[tgh]

do brokers say don't buy to one group of clients and buy to another

Of course they do.. every client has different needs expectations and risk appetite, eg SMSF clients

 

[Quickstatus]

Of course they do

I'm think along the lines of preferential treatment....

 

[cove]

Gold shares should mostly be ok tomorrow.

 

[prozac]

Gold shares should mostly be ok tomorrow.

Pooled gold funds should continue to do well in this environment. Not as volatile as individual stocks but a good way to have exposure and minimise risk.

 

[Freq Flier 2013]

Pooled gold funds should continue to do well in this environment. Not as volatile as individual stocks but a good way to have exposure and minimise risk.

There has been an influx of gold funds this months. I do wonder their future performance