AFF Member Stock Discussion

[Buzzard]

I'm keeping a close eye on ABB.
Might sell some at a 200% profit and get my original investment back.

 

[I love to travel]

You would be very happy today if you owned RHC

 

[Mr_Orange]

I'm keeping a close eye on ABB.
Might sell some at a 200% profit and get my original investment back.

I would consider a stop loss at $5.11 on your entire holding. That will lock in plenty of profit if the price turns down but will also allow you to maximise any further profit should the price continue up.

 

[SydneySwan]

You would be very happy today if you owned RHC

Indeed I am!

 

[Brissy1]

Is there an online broker who does US trades without the use of a custodian, I want to direct own the shares

CommSec

 

[Brissy1]

Have paid out two chunks this year to stay under the $3.4 M.

Not my forte as my SMSF is not tax free any more, but can't you go above the 1.7M pension phase limit if the fund rises above that simply because of performance? I could be wrong it was just something in the back of my mind.

Regarding esuperfund, they have previously always lodged my tax return in Dec or Jan, but still haven't lodged last year's yet (due mid May).
Anyone else's ATO lodgement by esuperfund significantly delayed this (20/21) year?

 

[SydneySwan]

Not my forte as my SMSF is not tax free any more, but can't you go above the 1.7M pension phase limit if the fund rises above that simply because of performance? I could be wrong it was just something in the back of my mind.

Yes that is correct.

 

[tgh]

Cove must have some tax angles outside super to deliberately downsize his fund.
We have "lost" a bit of franking credit refund to service the fiscal fiends tax, while continuing to earn and preserve in a minimised tax environment.
I am, perhaps, a tad cough about avoiding the fiends grasping claws but a bird in the hand beats a bird in the bush always in my world

 

[Mr_Orange]

Anyone else's ATO lodgement by esuperfund significantly delayed this (20/21) year?

Yes, but that is also partly my fault.

 

[Brissy1]

Cove must have some tax angles outside super to deliberately downsize his fund.
We have "lost" a bit of franking credit refund to service the fiscal fiends tax, while continuing to earn and preserve in a minimised tax environment.
I am, perhaps, a tad cough about avoiding the fiends grasping claws but a bird in the hand beats a bird in the bush always in my world

Nothing cough in so "arranging your affairs ..." I felt uneasy paying 0% tax on all super earnings but my accountant said it just makes up for when you use to pay 60% income tax. So at 15% on the super .. can't complain imho.
Now not off topic, get your shares into the super environment/structure if you can as I'm sure most here have done.

 

[Radio8tiv]

CommSec

Unfortunately not
from the commsec website

“Pershing LLC is a subsidiary of the Bank of New York Mellon. As our International Custodian, Pershing provides trade execution, clearing, settlement and custody of international securities for CommSec clients. When you open an International Trading Account with CommSec, you access international markets through Pershing LLC via the CommSec website or contact us on the CommSec International Trading Desk - 24 hours a day on US trading days.”

 

[Brissy1]

Unfortunately not
from the commsec website

“Pershing LLC is a subsidiary of the Bank of New York Mellon. As our International Custodian, Pershing provides trade execution, clearing, settlement and custody of international securities for CommSec clients. When you open an International Trading Account with CommSec, you access international markets through Pershing LLC via the CommSec website or contact us on the CommSec International Trading Desk - 24 hours a day on US trading days.”

Not sure of their meaning of"custodian", as our US shares are in our own names. Please let me know if you clarify with CommSec. BTW, I've found CommSec International very helpful, phoning them and emails, FX rates are ok, and online buy/sell is simple. However funds transfer after sale does take +2 days post settlement as it goes through Bank NYMellon to your Comm bank account.

 

[MooTime]

Now not off topic, get your shares into the super environment/structure if you can as I'm sure most here have done.

I'm a fair way off retirement age, but have my super in direct shares, not a SMSF, but in ING bank thru it's ING Living super arrangement that allows access to ASX 300.
I know there's a bunch of bank Super's that have this function, but far from all.

I'm against all those balanced / growth funds.

Thanks

 

[cove]

We have almost no international shares as we have taken on the belief of making Australia stronger. Probably a wrong attitude.
We do have lots of Trident Royalties which is TRR that is listed in London.
Have been using Seekingalpha.com for a US portfolio tester. I do enjoy the articles.

 

[Captain Halliday]

Not sure of their meaning of"custodian", as our US shares are in our own names. Please let me know if you clarify with CommSec. BTW, I've found CommSec International very helpful, phoning them and emails, FX rates are ok, and online buy/sell is simple. However funds transfer after sale does take +2 days post settlement as it goes through Bank NYMellon to your Comm bank account.

Complete opposite of my experience. But as always, YMMV.

 

[cove]

Today we went for two placements. One is a pre IPO that should list in 60 to 90 days The other one is listed with the RNU code.
We averaged down on Plenti, Warrego and Impedimed which could prove to be wrong thinking.
We just received the VHM notes issue. They should IPO within 3 months.

 

[I love to travel]

Dow had another decent drop overnight.

 

[cove]

Yes next week will be quite volatile in the world stock markets. Last night the $AUD continued tumbling so we are going to have shrinkflation/inflation in Australia.
Yesterday we had a US vendor send us an 18% price increase. Lots of price increases are looming.With our manufacturing we had quite a few jumps in the raw material inputs.
Dow down 900 plus points. Lucky we have a long weekend……
We watch the buy now pay later groups making large losses and we are glad we sold all that rubbish.Bad debts may crush them.
Megaport took a well overdue drop because their growth has slowed.
The Shanghai news is disturbing with how the authorities are dealing with a huge lockdown

 

[Mr_Orange]

Dow had another decent drop overnight.

Indeed. It's always a double-edged sword for me. I was short the S&P 500 yesterday so the move is good for me but then I know my AU portfolios will take a flogging next week!

 

[cove]

With China slowing down and talk of a US recession next year this week will be really interesting. There may be more sellers than buyers in some areas of the markets but maybe the US large tech companies will report good profits.