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November 22, 2024

August Update – Week 2

The market this week stayed true to its Australian roots, being Kangaroo-like. Only difference from last week is bouncing around the 6,100 points compared to 6,000 as it has been previously. Signs of recovery? Too early to tell. For our portfolio, it has been an absolute rollercoaster with momentum swings…

August Folio Update – Week 1

After ending July under 5900, the market started off August still cautious on Monday (3rd August) before following the US markets and rallying back over 6000 by lunchtime on Tuesday (4th August). The rising cases in Victoria and stage 4 metro lockdown seemed to have little effect if anything on…

July Folio Update – Week 3

A slow, flattish week overall. The market is treating the 6000 mark like a magnet. We’ve taken the opportunity to buy more shares in companies we already have positions in to bring our average purchase price down. We talk more about this strategy in our member only article: The secret…

July Folio Update – Week 2

People generally use the phrases Bull market and Bear market for the upwards and downwards trends. We recently saw the current market trend referred to as the Kangaroo market. 6000 points seems to be a key zone as the market bounces around in it. We’re quite happy with the companies…

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