what do you trade when sitting in Australia?
mentor
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I don't trade or invest in any companies here. Our corporate governance is abysmal, our regulator is toothless, compliance is woeful etc
I stick to the rest of the world- US, Asia, Europe etc
Only an complete idiot would invest in and trade Australian stocks exclusively IMHO
I stick to the rest of the world- US, Asia, Europe etc
Only an complete idiot would invest in and trade Australian stocks exclusively IMHO
The only problem you have to live like a vampire. Awake at night and sleep during the day.
Pays to live in a quiet area. Learn to eat breakfast at midnight and dinner at 10:00 am.
Pays to live in a quiet area. Learn to eat breakfast at midnight and dinner at 10:00 am.
franked div is one damn good reason. and most aus stocks have outperformed their overseas counterparts anyway over the last 10yrs cause of our mining boom.
Trade the SPI200. what do u trade alex futs/ptions or stocks?
damn yeh!!!!! melbourne is the best city anywhere and i've been to quite a few.
Just one problem its too damn big, from city to teh sticks takes like 1hr+
I sold out of ALL my Australian stocks just last week.
I reckon resources have had their run...although I might be wrong.
I'm just sick of our corporate regulator. The Citigroup/ Toll Holdings insider trading case proved how useless our regulator is.
I only trade the US markets these days (made a bit if money buying 3000 ARII shares for 16 bucks the other day)
Melbourne is the best city I've been to and I've lived in Shanghai, Tokyo, Singapore, Jakarta etc.
clean air clean water clean women.
I agree it is a bit TOO big these days...
I reckon resources have had their run...although I might be wrong.
I'm just sick of our corporate regulator. The Citigroup/ Toll Holdings insider trading case proved how useless our regulator is.
I only trade the US markets these days (made a bit if money buying 3000 ARII shares for 16 bucks the other day)
Melbourne is the best city I've been to and I've lived in Shanghai, Tokyo, Singapore, Jakarta etc.
clean air clean water clean women.
I agree it is a bit TOO big these days...
I recently bought some FXA call options to cover my US/AUS down side.
This is in effect a put option on the US$ converted back to A$ (What is the Fed doing to the US$????)
I made a bit of money on Newmont calls (NEMCJ) which I bought for $2 each a few months ago.
I'm waiting for Dec 11th.....I'm positioned for the Fed to cut 50 basis points. Although I disagree philosophically with what they are doing.
.....In fact I disagree philosophically with nearly everything that is happening in the US of late!
I didn't know Paulsen hated the free market!
This is in effect a put option on the US$ converted back to A$ (What is the Fed doing to the US$????)
I made a bit of money on Newmont calls (NEMCJ) which I bought for $2 each a few months ago.
I'm waiting for Dec 11th.....I'm positioned for the Fed to cut 50 basis points. Although I disagree philosophically with what they are doing.
.....In fact I disagree philosophically with nearly everything that is happening in the US of late!
I didn't know Paulsen hated the free market!
yupz. people should not be bailed out of stupid decisions.
god if the fed did that for every beginning trader we'd all be rich as!!!!
god if the fed did that for every beginning trader we'd all be rich as!!!!
The base metals etf DBB might be a good quick trade if the Fed does cut 50 bps.
doesnt look like a 50bps cut is likely. 25bps + that crappy rescue package looks like a more likely outcome. though ill def be outta the market on the day the decision is announced