Is it just me? I have had it with the ASX:
The endless shitcos who are not even attempting to build a viable business, the constant Australian bureaucrat 'steering' of the economy. The brokers that no longer give a damn about their customers, the endless pump and dumps and little respect for technical trading.
The ASX feels like it has become a stagnant economic backwater.
Any attempt by a company to do something legal that the government has not themselves proposed is stifled.
I am very close to pulling my few remaining Australian funds and focussing solely on US markets going forward.
I would *like* to do this though an Australian brokerage but again: Economic backwaters:
I can trade on Futu for $10 a pop with live data and instant through-to-market whereas NOT ONE Australian broker offers this. At Westpac the same trade costs over $50 and I only get 20 minute delayed data and some bureaucrat sits on my order for 15 minutes before allowing it into the market.
When you see how Australian leader @IRESS has treated it's end users and compare to what 'communist inspired' Futu delivers cost/feature wise, Australia has dropped the ball.
So not only is Australia no longer worth investing in, the Australian financial sector which is so pedestrian will continue to lose all relevance in international Finance.
And no change in the Australian government can fix this.
Its' endemic.
Australia is a sell.
I just have to find the right broker with RT data and US market access and the ability to pull live data for 5000 US stocks into my SS a few times every session and it's tickets.
