Well what a terrible first half of 2008 and a shocking close to the financial year. After watching the market over the last week or so, I decided the best course of action was to finish work just after lunch and catch up with some reading and movie watching. One thing I was not doing was selling as I have no idea why people wait until this time of year to sell and take tax losses. In fact I picked up a few small parcels of shares as I hope we will see some upward market movement in July.
Entries Categorised as 'Economy'
Those annoying market bears.
June 5th, 2008 · No Comments
Investing in the stock market recently has not been a lot of fun. Many people would be holding some stocks in their portfolio’s that have been savaged with quite a few stocks 40-60% lower than they were just 6 months ago. It is not just the small caps that have been hit either, even the usually reliable banks have been hit hard and it can all make one feel a little depressed at times.
The Fluffy Duck and Teflon Man Budget.
May 26th, 2008 · No Comments
Wayne “Fluffy Duck” Swan and Kevin “Teflon Man” Rudd have delivered their first budget and so I will share my thoughts on a few areas in the budget and my impression of the budget overall.
Are we near the bottom?
March 23rd, 2008 · No Comments
One thing all investors would like to know is if the Australian Stock Market has reached a bottom and when things will start to recover. Like everyone else, I cannot predict the future but I can at least outline what I think (hope) will happen and how I am positioning my own investments.
Where to for the Australian Economy?
February 12th, 2008 · No Comments
Let me first start by saying I think any predictions about the future are best described as forward looking guesstimates. So before reading on, please remember this is just my view and I am not aware of any ability I have to see clearly into the future.
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