Being a successful investor
In 2008, John Bogle, founder of The Vanguard Group, said in a speech to a conference of Financial Planners: “Investing to me, is all about the long-term ownership of businesses, focussed on the gradual accretion in intrinsic value that is derived from the ability of our corporations to produce the goods and services that our…
The economics of ridiculously expensive art
What would possess someone to buy Leonardo da Vinci’s Salvator Mundi for US$450 million? You might think it’s an investment – after all it was previously sold for just US$10,000 in 2005. From an economic point of view, art can be an investment. Although the research shows art investing has mixed results. Art also has…
18 Share Tips – 11 December 2017
Michael Gable, Fairmont Equities BUY RECOMMENDATIONS GUD Holdings (GUD) Chart: Share price over the year This consumer goods manufacturer and distributor appears to have broken out of a flag formation on the chart. This is positive and I expect GUD to resume its upward move. We’re targeting levels above $13 before re-assessing. The shares were…
Asia News Agenda Friday
ASIA NEWS HIGHLIGHTS ON FRIDAY+ Malaysians demonstrate against Trump Jerusalem move+ Sentencing of three men in Hong Kong explosives plotMALAYSIA– Demonstration planned outside the US embassy in Kuala Lumpur in protest at President Donald Trump’s recognition of Jerusalem as Israel’s capital.HONG KONG– Sentencing of three men found guilty in an explosives plot.– OTHER AGENDA ITEMS…
CommSec Daily Report Thursday
Latest newsAustralian shares are off to a better start on Thursday, lifting by 0.4 per cent and snapping a three day losing streak which led the market to a two-week low yesterday. The ASX 200 remains below 6000pts however but is being well supported today by gains from the major banks.US markets eased overnight with…
TPG hit with first strike on executive pay
TPG Telecom has been hit with a first strike over executive pay as its smaller shareholders lodged a protest vote. Almost 30 per cent of shareholder votes went against TPG’s remuneration package for 2016/17 at the company’s annual general meeting on Wednesday. A no vote of at least 25 per cent at TPG’s next AGM…
CommSec Daily Report Wednesday
Latest NewsAussie shares are experiencing a third day of losses with the ASX 200 opening 30 points or 0.5% softer following a weak lead from Wall Street. The local market is being led lower by weakness in energy and material stocks with most sectors in the red. Gains in the consumer staples and some buying…
CommSec Daily Report Tuesday
Latest NewsLocal shares opened weaker on Tuesday with investors cautious ahead of a range of economic data releases domestically. The ASX200 was more than 30 points or 0.5% lower as weakness in the banks weighed on the broader market. However most of the losses have been recovered at lunch with the ASX 200 a touch…
CommSec Daily Report Monday
Latest NewsLocal shares started the new trading week in a tentative manner before slowly building over the first hours of trade to be ahead by 10 points at the best level of the morning having started trade with a 4 point gain. Sector performances saw the Telecoms lead the gains over the morning, followed by…
CommSec Daily Report Friday
Latest NewsLocal shares are off to a buoyant start to the last month of 2017 as it rebounds from yesterday’s weakness. The ASX 200 has recouped a fair chunk of the 41 point loss from the day before. The index is 30 points or 0.5% higher and just a touch above 6000pts at the time…
