Running an SMSF for Newbies Part 2
We’ve worked out that what moves share prices is the unexpected not the expected so now we’re trying to predict what’s going to happen in the next year that no-one expects.
The first thing to say is that there will be surprises. When you look back at the best and worst performing stocks in your SMSF at the end of this year there will be some rockets and some rocks. Generally you’ll fluke the rockets rather than predict them. They will come from things like exploration success, takeovers, bankruptcies - largely unpredictable events (maybe not). For now, as a newbie, this is not what you’re trying to predict. It’s mostly too hard a game to get right unless you really...Continue Reading