SUMMARY Cashing up the Portfolios as big tech has that “one bad day”. Selling IHVV in the Strategy Portfolio. Taking cash level from 60% to 90%. Taking cash level up to ~56% in the Growth Portfolio. Selling MFG and MQG. Selling half of REA, TNE and WTC. No change to the Income Portfolio. RECENT PORTFOLIO…
ASX 200 falls 103 points to 7861 (-1.3%) on US tech falls and quarterly disappointments. Banks held up relatively well as the Big Bank Basket fell to $227.50 (-0.4%). NAB down 0.9% and MQG falling 3.4% on its AGM update showing weakness on deal flow still. MFG bucked some weakness in the sector, insurers eased…
What is a Pump and Dump Scheme? A report this week that ASIC is looking at prosecuting four individuals involved in a Pump and Dump scheme. I was asked on 2GB to make a comment on it. My inquisitor asked why it was any different from me( or any fund manager) on TV or radio,…
Wall Street plunged overnight due to a broad tech sell-off as lacklustre earnings from Tesla and Alphabet undermined market confidence in megacap tech names. The S&P 500 fell 2.31% its worst day since December 2022, ending its best stretch without a 2% drop since the start of the 2008 global financial crisis. The NASDAQ fell…
Selling IHVV ETF today. Should Tesla be a Mag Seven Stock? Harris looks the part Is the US slowing too much.
Happy with 70% cash. Lithium -Capital preservation in the sector. The Call on Ausbiz with a new partner. Reporting season could be weaker.
Tesla and Alphabet both disappoint. Different reasons. Musk says robotaxis may come next year! Visa disappoints. Two Mag Seven stocks drop.
What is an ADR? An American Depositary Receipt (ADR) is a financial instrument that allows U.S. investors to invest in foreign companies without dealing with the complexities of international trading. ADRs are issued by U.S. banks and represent shares of a foreign company that the bank holds in its home market. Here are some key…
Wall Street finished broadly lower, ending near worst levels before Tesla and Google kicked off the “Magnificent Seven” reporting season after the closing bell. The Dow Jones closed 57 points lower (-0.14%). Up 112 points at best. Down 96 points at worst. The S&P 500 lost 0.16%, and the NASDAQ was flat. Small caps outperformed.…
