Look it is not all doom and gloom. To win on investing no matter the size of the pie:
1. Your returns must beat inflation. Gold does this quite well. Gold stocks do this well too but in much shorter sprints with considerable timing involved...hence AMI.
2. If you invest in stocks you must beat the All Ords hands down. Hint, pros will not do this for you due to the fees involved. A famous W. Buffet already won this famous bet. You must have the skills and fortitude to do this yourself, if not I recommend index funds instead, at least you are part way there.
3. Position yourself, so that you can minimise taxation. At the current CGT, you cannot win in this game.
4. Always keep some cash on the side for when wild opportunities shows up in the market. But keep in mind that cash is the worst asset class to be in for the long run.
Good luck to all.
PS. S&P looks to be doing OK tonight. I'm calling it quits for tonight while I'm ahead. Good luck to all still in...
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $304.4M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.5¢ | $275.0K | 1.530M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 656462 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 134486 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 656462 | 0.175 |
6 | 1104073 | 0.170 |
7 | 812762 | 0.165 |
6 | 417378 | 0.160 |
6 | 422034 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 101511 | 2 |
0.185 | 1152852 | 17 |
0.190 | 237718 | 4 |
0.195 | 322395 | 6 |
0.200 | 1149931 | 7 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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AMI (ASX) Chart |