AFF Member Stock Discussion

[Dr Ralph]

Sold the ALQ that I got through an SPP today. Quick 3.5% return for having my $30K tied up for 2 weeks.

 

[RooFlyer]

Sold the ALQ that I got through an SPP today. Quick 3.5% return for having my $30K tied up for 2 weeks.

Less tax, I assume?

 

[cove]

Our family group tax rates vary but we don’t not sell something purely because of taxes. I figure you cannot go broke making profits. Have done our family trust tax distribution this week as June 30 is Monday.
I still like that saying ‘I’ve been rich, I’ve been poor, rich is better”.

 

[Quickstatus]

Sold IAG as it hit my sell target of $9

 

[cove]

Last day of the current financial year today.
Hope you all had success in the markets this year.
Have just done our SMSF investment strategy for next year to keep our auditor at E Super happy.

 

[Quickstatus]

@cove how is the apartment market in PER?

 

[Ansett Nostalgic]

We took up the QPM placement at 3.1 cents. It is an interesting gas story. Should be quite profitable in around 12 months time.

Any calls on that worth buying?

 

[tgh]

It has been a super (sic) year for all our investments, the super fund especially.
Hard to see the run continuing; Hamish Douglass' comments in todays Australian are food for thought

https://www.theaustralian.com.au/business/markets/magellan-cofounder-hamish-douglasss-grim-artificial-intelligence-warning-half-the-index-could-collapse/news-story/f7a57b125f7fb5996e520cf8bf7ae68a

 

[lovestotravel]

Sadly my "for profit" superfund had better returns that my SMSF

 

[Dr Ralph]

Just doing some EOFY paperwork for my shares this year. Going back through my records I found that since 2015 I've clocked up more than 1000 separate buy/sell trades!

 

[cove]

The Perth apartment market is roughly 40% of the Sydney price for a place with a good view.

 

[Quickstatus]

1000 separate buy/sell trades!

What's you average stock holding period between buy and sell

roughly 40% of the Sydney price

I've been thinking again FRI.

 

[Dr Ralph]

What's you average stock holding period between buy and sell

I'm not sure I'd be able to calculate that easily.

Some I've held for 25+ years. Some I've held for just a few minutes.

 

[Quickstatus]

Some I've held for just a few minutes.

Do you have a rule of thumb for short holding periods?

 

[Dr Ralph]

Do you have a rule of thumb for short holding periods?

I like to make money

If I can make a quick profit I'm happy to take it. EG: I bought TWE today - I can since a quick profit here.

Some like PL8, SNC, HVST, WAM, WMX are held long term for the stable/frequent dividends they provide.

 

[cove]

The market doesn’t like the Chans having so many FRI shares. We try to buy close to the bottom so that is why we are interested in Finbar in the 69/70 price range.They have completed the Civic Heart units. We have colleagues who are very happy being there in South Perth.

 

[Quickstatus]

Chans having so many FRI shares.

Yes I note they keep giving themselves shares. I noted it was 70c today and remembered your previous post.

Overall they build quality?. I might even buy an apartment in PER.

 

[prozac]

It has been a super (sic) year for all our investments, the super fund especially.
Hard to see the run continuing; Hamish Douglass' comments in todays Australian are food for thought

https://www.theaustralian.com.au/business/markets/magellan-cofounder-hamish-douglasss-grim-artificial-intelligence-warning-half-the-index-could-collapse/news-story/f7a57b125f7fb5996e520cf8bf7ae68a

Thanks for the link, interesting view.