Bad debts are at historic lows, and it’s proving a big windfall for the big four. But you have to think, if house prices had gotten so high and had the consumer stretched to breaking point, you’d expect bad debts at the big four to be rising, not falling!
I’ll admit Amazon will stir the pot a little in Australia’s retail landscape. But from an investment point of view, I think the talking heads are focusing on the wrong areas.
My guess at this point is that the next sell-off will result in a panic in some parts of the market. And this may lead to a buying opportunity. The best way to outperform over the long term is to take advantage of others’ mistakes. And often, those mistakes are psychological.
Are we on the cusp of yet another rise in geo-political risk in the Middle East? It looks that way, and the implications for global markets could be massive. Where will you see it most from an investment perspective? Where you always do; in oil.
In this toxic political climate, investors have never been more jubilant. All around the world, shareholders are making hay. Even emerging economies are going well, too. As an investor, it pays to invest with the trend. And that trend is clearly on the up. For now, at least.
The beachhead has already been established. Its massive fulfilment centre in Melbourne’s outer southeast is ready. With quick access to the busiest cargo seaport in Australia, it’s clear Amazon doesn’t intend to start small.
Snap Inc. It was billed as the next big tech stock that had investors frothing. The next Facebook Inc or Google. Unfortunately, It’s been a rough year for the company and for shareholders. It could get worse before it gets better. The earnings report is in and, well, things aren’t looking good…
This two-tiered financial system does nothing more than prevent normal people from growing their wealth. It’s skewed towards protecting the big earners, while ensuring the taxpaying masses continue to plod along and pay their ‘fair share’.
Investors simply aren’t worried about anything. Which means the market isn’t priced for any kind of worrying event. When you get such pervasive optimism, it is indeed a time to be worried.
The Aussie market didn’t like the data, with Myer shares falling 4.6%. But the jokes really on the early investors. The departments store share price is now worth one fifth of value compared to initial public offering price of $4.10 in November 2009.