That big red candle came about at the agm, when the chairman or ceo, I forget who, mumbled something about headwinds and tougher times ahead, and Mrs Market became displeased. Banks have been on the nose as their earnings are average. WBC today was ok, but not good. Still good enough for dividends I say. Anyway November could get interesting as it’s usually not a good month for banks. We shall see.
Picked up another child from the orphanage today, PAI. It’s a LIC that invests in the Asian market, excluding Japan and seems well managed. I don’t want to individually pick overseas stocks, especially in Asia as opposed to the US, but I wanted to get some some overseas exposure and Asia is a good bet, because the US Market is relatively expensive and I think Asia will have decent growth. Anyway, it provides a weekly NAV to give you some clue of how they are travelling, and has been doing well recently. It is quite new and they are trying to get their dividend happening, though it is designed for growth rather than dividends.
Here is a link if you are interested
https://www.platinum.com.au/our-funds/platinum-asia-investments-limited/
I have been tracking it for a while, and today I took the plunge, with my recent loot. Don’t mind the chart on it either. Like the way PLS and my beloved are travelling. The rest meh.
If the banks really cop it over the next few months, I may even pick up some IHD, assuming it also drops. Time will tell.
What is your beloved up to with the CR. What are they buying? Hmmmm
Bring on tomorrow!
. Either way the guys that run it are pretty smart so ill be watching closely.
