- Jul 4, 2002
Well we agree on OSH Cove.Has been a beauty for me as I originally bought in around 50 cents.Sold a third when they hit $1.50 so now free carried.
No international equities? There are some good companies out there. We use some Australian Managed Trusts to gain exposure and increased diversification.Our self managed pension phase s/fund is almost wholly cash/cash products/ and au equities.
The equities comprise a mature holding that has produced steady capital gains and a stable income stream over a long period.
I started investing in late 1986. Being a novice and having made a bit of a profit, I became a bit panicky and sold out everything and went to 100% cash in 1987 - just before Black Monday. I felt like a really wise investor, but it was just blind luck.You just have to be lucky.I began investing for my super fund in March 2003.it turned out to be 2 days after the low on the ASX post the IT collapse.
Many years ago, I wandered into a gallery in Sydney that was having an exhibition by Tim Storrier ... Gallery owner sidles up to me and says "Are you looking to get a few for the super fund, sir?" Well, I was in a suit at the time.I've had some group hounding me to buy paintings and lease them to offices for a while now
I think the idea is to loan it to offices to receive a return, like a dividend, but I'm sure you knew that no point locking it up to never see the light of day again, even though that does work for some paintings.
That's them. They're persistent.Art Index?
Two reasons ; earnings and understanding.No international equities
Not necessarily. It's not the unit price that is of interest it's the mix of shares within the ETF and the management fee. I can't remember the code off the top of my head but Vanguard have an ETF that is domiciled in the US making it of no interest to me because of the potential consequences that come with it. You just have to go with one or more products that suit you.So you like it more than other ETFs with a similar unit price?
I think the second is very important, in that is important to have a good feel for the company that you are invested in and to know the marketplace that it is in so that you know when to sell. Some of my failures have been when I was not aware that the company or sector was going bad.Two reasons ; earnings and understanding.
First : Au share dividends are mostly franked , increasing the real yield substantially..
Second : I have some feel for the economic and political "pulse" of my homeland, offshore it's much harder.
Sometimes I invest in start ups that are unlisted or in syndicates for property purchases where the property is getting a makeover.
I prefer ASX listed investments as you can sell out quickly if your needs change.
I park surplus funds in big four bank hybrids so I get about 5% on idle moneys. I use CommSec with cheap brokerage to move in and out of these hybrids.
In the AFR today, for those that have access: Strike while it's hot: fundies take a look at gas hopefulFor those with a large risk appetite, STX may be of interest. Perth based O&G exploration company (sorry cove).
I was going to ask about what platforms members use/recommend at some stage. I figure most go with whoever they bank with, eg. CommSec for CBA customers? I bank with NAB so use NabTrade and find it quite good, but then I haven't really tried anything else, other than IG but that was for points.My best tip is to use SelfWealth for your trades. CHESS sponsored they currently charge $9.95 per trade regardless of size.