Simply put, when you invest in the biggest market capitalisation stocks on the ASX, you’re basically investing in the broader direction of the market — not in quality business.
Had they decided to lower the cash rate, the RBA would have been put in the position of being seen to be underwriting the banks’ profits.
You’re well aware that investing is not risk free. You only have to look at the performance of the ASX — or any of the world’s other stock markets — this year to verify that.
With the global outlook so uncertain and the domestic outlook just as precarious, it’s easy to sit back, wait and hope to ride it out. But my view is that even when things are bad you can still make outstanding gains. As long as you keep an eye out for ‘shock proof’ stocks.
The performance of the Aussie share market’s blue chip stocks this year shows you how dangerous it can be to put too much faith in them.
The listing of Dongfang Modern was a special occasion. It’s the first privately-owned Chinese agriculture company to list on the ASX in over 20 years.
Study the charts of stocks that operate in the construction and real estate sector. This is a very useful guide to the economy and how to position your personal investment decisions.
The last six months saw a double crash on the market. Now there’s a double bounce. The double crash lasted longer than most folks expected.
You see, the company that’s going to list on the ASX is the Bitcoin Group Limited. They are a Bitcoin Miner. What is a Bitcoin Miner you might ask?
For a resources bottom, we need to see huge distress across the board — either on the balance sheet or the share price level.