How to beat the super doom and gloom
The rapid decline in global equity markets has stripped wealth from superannuation nest eggs in an investment environment that looks challenging for at least the next 12 months. The popular default options of the nation’s super funds are likely to return an average loss of 4 per cent for the 2007/08 financial year, according to…
Why everyone loves penny dreadful stocks
Penny dreadfuls – stocks that sell for a handful of cents yet give big percentage gains – have a long history in Australia. Since the beginnings of the stock exchange, resources explorers have traditionally filled this role, often hitting paydirt with a drilling hole, resulting in a share price surge. More recently, technology stocks and…
Renowned Turtle Trader grossed $US384,000 in his first year
The Turtle Traders’ legend began with a bet between American multi-millionaire commodities trader, Richard Dennis and his business partner, William Eckhardt. Dennis believed that traders could be taught to be great; Eckhardt disagreed asserting that genetics were the determining factor and that skilled traders were born with an innate sense of timing and a gift…
Professional trader makes big bucks from home
After spending eight years in Asia as NAB’s head of trading Doug Goldsmith returned to Australia in 2005 to assist in re-building the bank’s local and global treasury operations following the institution’s $360 million illegal trading and foreign exchange debacle. Six months later Goldsmith put his extensive experience across all products to the test and…
Broker Recommendations – 6 to BUY, 6 to SELL and 6 to HOLD
Michael Heffernan AUSTOCK BUY RECOMMENDATIONS Origin Energy (ORG) An energy retailer, but also a power generator, gas producer and explorer. It’s been an excellent sharemarket performer since splitting from Boral in 1991. It offers a bright future after selling half its coal seam gas assets for US$5 billion to US based ConocoPhillips in a joint…
What does the term scalping mean, and how can a scalper make money on CFDs?
Scalping is a trading technique that involves opening and closing positions intraday in a variety of instruments such as FX, Futures or CFDs; typically “scalpers” will aim to profit from small price movements in their trading positions. They will also tend to trade much more frequently than medium to longer term “trend” following traders. It…
How CFDs are taxed
If you’ve been unnerved at the market fall, and you dread conversations with your CFD provider, here’s a surefire way to turn the tables: ask your provider about the tax treatment of CFDs Your provider will instantly utter the weasel word “compliance”, firmly state that it couldn’t possibly be seen to be giving individual tax…
As share investors head for the exit, forex trading is booming
Trading the foreign exchange market is a tough gig, but those who learn the art of trading the biggest and most unruly market in the world can reap big rewards. However be warned – the volatility and leverage involved in trading foreign exchange can make for a wild ride. Kunal Sharma, managing director of Melbourne-based…
Gerry Harvey reveals his personal investment portfolio
Billionaire Gerry Harvey is licking his financial wounds because of the sharemarket crash. He’s a big equity holder and quickly calculates that Harvey Norman’s retreating share price during the past 12 months has stripped more than a $1 billion from his immense wealth. But we’ll chat more about that later. Harvey is chairman of an…
