On a sad note, during the last month one of our members Noel Meagher passed away. Noel had been a valued member of our Investment group for three years and made many useful contributions to our discussions. We will miss you Noel.
The first three months of this year have seen an increase in the All Ordinaries Index. Hence we looked at a table of Shares worth Considering. There were a number of aspects to this table of over 20 individual shares which have been mentioned this year. These factors included the yield, franking and return to shareholders over the last one and three years. Our members from their experience then added more stocks to the table which was very helpful to the group.
One of the events which happened in the past month is that the yield of the 10 year Treasury bond fell below the yield on a 90-day Treasury bill. This is an unusual event and we will be monitoring the situation to see if the yield curve inversion is maintained for a full quarter, not merely for a few days.
The other topic for the afternoon involved Exchange Traded Funds (ETFs). Recently there have been reports that ETFs have become more actively traded in the US than stocks. So we looked at an article which talked about Five Things to know before you invest in EFTs.
The next meeting of Investment will be on Friday 3 May 2019 at 2pm in the U3A Room at the Seniors Complex.
Margaret Jenkins