I reckon there are only 3 ways to make any money is this environment.
1) Place cash in bank and accrue interest.
2) Buy stks with decent divs (5%+)and with strong cashflow.
3) Be patient. Have a list of yr top 10 companies and just wait for them to fall to a low PE. i.e. below 8 for large companies and 7 for smaller stuff. You'll get some at 5 imo. In addition must have franking credits.
I've never been so patient as i currently am. And i'm enjoying it. Far less stressful than being fully committed/highly leveraged.
I reckon there are only 3 ways to make any money is this...
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Last
$33.30 |
Change
-0.130(0.39%) |
Mkt cap ! $40.67B | |||
| Open | High | Low | Value | Volume |
| $33.46 | $33.59 | $33.23 | $100.0M | 3.001M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31612 | $33.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.31 | 543 | 1 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| WOW (ASX) Chart |