Did anyone read the interviews in this month's Smart Investor magazine with 3 people who trade for a living? They seemed to think it was great to earn 25%pa-30%pa for the past 5 years, which doesn't make much sense to me if that's pretty much the all ords return (maybe slightly more) they'd be better off putting the cash in an index and surfing every day?
The reason I mention it is because you've got to be pretty skilled to beat the market on a consistent basis, and then as Clarkie says when you take tax & transaction costs into account, its getting harder to beat the market for long term wealth creation.
Any trader really needs to benchmark their returns against the index and if you're not beating that, why bother?
Did anyone read the interviews in this month's Smart Investor...
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Last
$40.05 |
Change
0.320(0.81%) |
Mkt cap ! $202.9B | |||
| Open | High | Low | Value | Volume |
| $40.21 | $40.33 | $39.94 | $114.2M | 2.846M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1540 | $40.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.06 | 1939 | 10 |
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| Last trade - 14.12pm 20/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |