Full service broker

ASX Education: Full Service Brokers

When I started broking in 1982 there were no personal computers let alone email or online broking. Everyone used full service broking because they had to. Now you don’t have to but the industry still exists and if you talk to most people about full service brokers they will immediately launch into the terrible experiences…

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The importance of having a strong Self managed super fund (SMSF)

ASX Education: Do I need an SMSF?

Thanks to compulsory superannuation most people are invested in managed funds. You didn’t really make a choice to invest in managed funds but courtesy of the cozy relationship between employers and fund managers almost all of you tick that little box that says “put my super in your default fund” when you are employed. The…

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Your guide to surviving the results season

Marcus Today: Your Results Season Guide

NINE SECTORS THAT SHOULD HAVE GOOD RESULTS NEXT MONTH (AND FIVE THAT SHOULDN’T) We had a question on the Marcus Today stock discussion group on Facebook asking whether there was anything on the horizon that could upset the recent recovery in Orora (ORA). The most likely thing to upset any stock at the moment is…

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Making a loss? Sell

Making a loss? Sell.

If you are making a loss, read this list. You will have sold before you get to the bottom. I was working for a Japanese broking house in London in 1987 when the stockmarket collapsed. The principal trading book (the broker’s own money traded in the markets by a team of professional traders) started bleeding…

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ASX Education: 11.7%pa for 33 years

From 1941 to the low in 1974, the average annual compound return on the All Ordinaries Index for 33 years was 2.9 per cent per annum. Take off inflation of 4 per cent and you were going backwards. And that doesn’t include 1929 to 1941, which would have pulled it even lower. In the next…

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Stripping Dividends

ASX Education: Dividend Stripping

DIVIDEND STRIPPING A Guide to getting the most out of Dividends Every six months the results season comes around. Every February and every August and results time is the time to start maximising those relatively huge Australian dividend pay outs. On current forecasts over a third of the top 200 stocks yield more than 6.0% including…

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ASX Education: How to make a Million

I ask for Stupid Questions in my newsletter and I get them. Here’s one memorable one: “I have $10,000 and want to turn it into a million dollars. How do I do it?” You’re thinking “How Stupid” but there are no stupid questions in this game and if you think about it, it’s actually a…

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