End of Day Report Wednesday

ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number which came in as forecast at 5.2%. Banks were once again a pillar of strength with the Big Bank Basket up to $175.96. CBA up 0.5%,…

8 Traits of the Retiree Investor

I was playing golf with a few retirees. Post their annihilation, as usual with this demographic, our bar chatter turned to the hot topic of franking credits, and how long they would last before the government adds superannuation to their list of assets to be bled for cash on top of housing. As the conversation…

End of Day Report Tuesday

The ASX 200 closed down 38 points to 7038 (-0.5%), snapping a two-day advance as US futures fell. Almost all sectors finished in the red. Healthcare the top performer today. RMD bounced, up 2.3%, RHC up 0.9%, and CSL gained 1.0%. Financials gained ground in afternoon trade, finishing in positive territory. The Big Four Banks were mostly up. ANZ…