Now in the context of currency, if you look at the 30 year Aussie peso v USD, the peso has been wiped out many times and the illusionary accumulated profit has disappeared and likewise for the holders of USD.
The shares I purchased at $5.40 in the CBA float of 1991, 600 shares for $3240, are now valued at $69000. The last dividends yielded $4.50 plus franking credits. Is that illusionary profit? Should I have cashed in when the SP doubled and banked the profit in cash? Was I wiped out in the GFC when CBA plunged to $25?
Everything moves up and down like a roller coaster, some don’t recover, like LKE for instance. It probably won’t ever produce Lithium as it needs $33k LCE price to make the project a goer.
Your perspective is that of a trader who makes profit by buying and selling. Saying some people never learn because they are prepared to ride a roller coaster on a company and sector that ticks boxes for their investment thesis is not something I agree with.
I don’t have the skills to time the market. Hindsight is a wonderful thing. What I’ve learnt is that I have maximized my gains as best I can with my skill level. If I had tried to time when to get on and off the roller coaster, I would still be a shift worker trying to get a retirement fund together. Instead, I started a SMSF, backed my investment strategy and stuck it out over 30 years. It worked for me. My glove might not fit everyone and nor should it.
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Last
$4.20 |
Change
0.100(2.44%) |
Mkt cap ! $12.64B |
Open | High | Low | Value | Volume |
$4.13 | $4.20 | $4.11 | $63.35M | 15.20M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 85490 | $4.19 |
Sellers (Offers)
Price($) | Vol. | No. |
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$4.20 | 857226 | 91 |
View Market Depth
No. | Vol. | Price($) |
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2 | 1749 | 4.530 |
1 | 60 | 4.410 |
1 | 152 | 4.320 |
2 | 15 | 4.300 |
1 | 1 | 4.280 |
Price($) | Vol. | No. |
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3.990 | 10000 | 1 |
4.100 | 10408 | 2 |
4.120 | 6245 | 1 |
4.170 | 2900 | 1 |
4.190 | 1389 | 3 |
Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$4.17 |
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Change
0.100 ( 1.79 %) |
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Open | High | Low | Volume | ||
$4.14 | $4.18 | $4.12 | 3957975 | ||
Last updated 15.59pm 20/05/2024 ? |
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