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A new look
As some of you know, my site is not about community building. Go visit the Somersoft Forum or chat room to meet some wonderful people. I also like the Freestyler Network for meeting like minded people in the real world. This site is more a journal or diary. A stream of consciousness philosophy if you…
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Crystallizing losses
I recently read a piece of marketing fluff posing as research from a financial advisor. It recommending holding firm in the face of losses in the stock-market to benefit from the bounce back. A lot can be learned from how an investor reacts to losses and continuing uncertainty. One option is to hold tight. All…
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Sell 5745 ALZ @ 1.44
The pre-determined sell point is reached and my sell order kicks in. As I held for more than 45 days I am eligible for the franking credit. I’ve held for 46 days ;). Return before franking credits 0.03 Dividend 0.04 trading gain 0.07 on 1.40 = 5% for 46 days holding (before brokerage). $402.15 (0.07…
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Foray into CBA Warrants
A broker from my past called me. He’d changed brokerages with the closure of Barton Capital and asked me if I had a full-service broker. I said I’d give him a go. Full service brokers can be useful in the following areas: 1) Trading out of market hours; 2) Accessing research; 3) Short selling and…
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Strange questions from smart people
I was writing and publishing paper-based ‘zines and newsletters back when the Apple Macintosh was first released. They were a beautiful piece of kit and introduced the phrase WYSISYG to the world (What You See Is What You Get). Strangely, new writers asked published authors which computer to buy to write their novel. Did you…
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Dividend paid 3 cps
ALZ held up at 1.40 when it went ex-dividend on 9 August. Very strange I expected it to drop 0.03 to match the dividend. I’m holding for the dividend payment, but have a sell in at 1.44 just in case (that’s just shy of my 3% trading target). [Update] The dividend cheque arrived on Wednesday…
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Beginners win while others get burned
Surprisingly often, beginners do good first deals in real estate, the financial markets and business. Why? Answer by clicking comments, but I’ll lead off with a fairly analytical approach. My theory is successful newbies are cautious and actually begin. What do I mean by this? Character traits of the cautious: Have an inbuilt drive to…
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NCP Market Commentary
I’ve been travelling on business. As it turns out I didn’t have a usable internet link. I’m back today as the market closes on NCP at 9.95. Makes me wish I’d sold all the holding at 10.85 last week. I’m still bearish on the longer term and maybe I should be trading Puts instead. I…
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A Metaphor for Mastery
I used this metaphor back when I ran courses. So here’s a freebie. Remember when you learned to drive? As a child you were Unconsciously Incompetent. You didn’t know how to drive and didn’t realise it. Consciously Incompetent – your first time behind the wheel. You didn’t know how to drive and hooboy do you…