This week however, Turkey is at the forefront of economic minds everywhere. While the US dollar has strengthened this year, the Turkish lira has dropped dramatically. In fact, ABC News reports that it has dropped roughly 40% against the US dollar.
This morning, Breville Group Limited [ASX: BRG] enjoyed a substantial increase in their stock price, following the release of their financial results ending 30 June 2018. The stock sits at $13.05 a share at time of writing, an increase of $1.41.
What can you do when time is not in your favour? One option is to look for opportunities in growing regions. If you can bag a couple of these winners, they’ll do wonders with just a few thousand dollars.
As you know, Turkey is in the financial market spotlight again. Turkey’s currency plunged again Monday, rattling other vulnerable emerging markets, as a defiant speech from President Recep Tayyip Erdogan.
Just how much is political risk priced into stock markets right now? It’s an impossible question to answer, but it’s certainly heating up on the political front over in the US. Things are about to get very interesting.
In the market, what is obvious rarely works out as an investment idea. And so the improbable has happened with Tesla. Elon Musk wants to take it private at an all-time high share price.
Do you think big tech companies are a part of the ‘elite’, trying to control the narrative of global politics and economic growth? Let’s see…
Do you want a job? Working with me? Good, I thought so. I’m after a research assistant. Read on for details. But first…
With trade tensions escalating, future uncertainty has become too much for some. Yesterday I wrote about fund managers like Magellan increasing their cash positions. Magellan has not had this level of cash (18%) since 2009.
Where does the Composite sit today? Just below 3,000. There have been highs and lows along the way. But over a nine year period, the Composite is up just over 35%. It pales in comparison to the S&P 500’s 239% return, or the ASX 200’s 100% return over the same time.