I usually take big bets on one company at a time, so I spend a...

I usually take big bets on one company at a time, so I spend a lot of time researching and feeling the pulse of the shareholders, testing their theories. Worked well for many years. The potential for a takeover combined with a weak share price, marginal profitability and cash backing (ie no dilution) is appealing for this very reason - if there’s a takeover coming. The risk is that there isn’t, then I have to work out whether I would want to hold the stock for a recovery, and that’s the bit I’m not yet comfortable with. So far, I don’t think they know what they are doing, and never have.

one of the problems with pooled trusts is that most of the people that have stayed at commsec stay there because they remember the GFC and the destruction of pooled trusts. I don’t like then personally, as I can’t be arsed moving money around, and because of the high interest rates that I wouldn’t get. Also, SWF’s core problem is that people will pull cash when interest rates (annd inflation) are high, which they have been doing.

i think interest rates have peaked here. I think they raised them too high, as they have done every other time. Mining is getting belted at the moment, mass layoffs, no other sector doing very well etc

I think trading volumes are irreelvant to this discussion, as Selfwealth doesn’t make money out of people trading. It makes money out of people holding cash, so what they really want is people putting cash in their cash account and not doing anything with it, but the users want to have fast cash transfers, so there’s no reason to hold it in Selfwealth