Yeah don't ask that lol, the buying power of $1 in 1938 is a far cry from what $1 is today, however even though the buying power is way different, it's still $1 and is better than minus 90% of your dollars on a stock. The idea a stock goes up over the course of a decade is not usually true with a few exceptions, the indices have their top performers and that changes quarterly, and then you also get a few poor performers dropping out every quarter and that's why an indice etf looks to be the safest, most stable option in the stock markets and with the continual rebalancing the value grows overtime.
If you want to keep up with inflation securely, property, gold or perhaps an indice etf looks to be the best way imo.
Or if you are really good and can pick the bottom of solid quality stocks and know that they will recover and sell at the right times, then you may be a Warren Buffett.
Only one business day to go this FY, hopefully GLN turns around in FY 24-25, and hopefully it becomes an ASX200 stock some day.
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Mkt cap ! $93.95M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $914.5K | 7.297M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 713831 | 12.5¢ |
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Price($) | Vol. | No. |
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13.0¢ | 2316813 | 12 |
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5 | 694000 | 0.125 |
40 | 2311729 | 0.120 |
13 | 3625328 | 0.115 |
36 | 1595377 | 0.110 |
33 | 1580449 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 1320943 | 11 |
0.135 | 864841 | 11 |
0.140 | 736189 | 13 |
0.145 | 746265 | 10 |
0.150 | 371819 | 5 |
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