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
$3.27 |
Change
-0.050(1.51%) |
Mkt cap ! $9.992B |
Open | High | Low | Value | Volume |
$3.26 | $3.30 | $3.24 | $15.43M | 4.714M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 176097 | $3.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.27 | 108029 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 101974 | 3.280 |
16 | 87748 | 3.270 |
15 | 107695 | 3.260 |
22 | 165708 | 3.250 |
23 | 356029 | 3.240 |
Price($) | Vol. | No. |
---|---|---|
3.290 | 122119 | 27 |
3.300 | 365438 | 31 |
3.310 | 112777 | 19 |
3.320 | 385799 | 27 |
3.330 | 82347 | 15 |
Last trade - 10.20am 14/06/2024 (20 minute delay) ? |
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Last
$3.29 |
  |
Change
-0.050 ( 1.04 %) |
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Open | High | Low | Volume | ||
$3.27 | $3.30 | $3.24 | 13094037 | ||
Last updated 10.41am 14/06/2024 ? |
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PLS (ASX) Chart |