Handouts included the latest news on BHP/Anglo American takeover, CSR and Gold Hydrogen and a list of 5 red flags when investing.
When investing, a few simple rules should guide your selection, i.e. maybe from the top 200 companies (S&P ASX200/ XJO). It is a mentally stimulating exercise trying to predict if the stock is a long-term or short term buy or sell, profitable and that P/E and D/E fall within your limits.
On our long-term selection sheet John leads with an incredible profit of $8,890 with his Drownshield DRO. If you keep this up until November, John, you will be the yearly winner. Margaret W is also well ahead with her selection TLX.
On our “Real Time Dividend” Listing Neville leads with his selection of Boral, followed by Brent with Qantas and John with Yancoal. Interestingly, Neville is one of only 12 members who have not traded their original selection. Let's see how it all pans out with the share market July to November. I acknowledge I need to correct one of Anne’s selection to NRW back in the April and MND on the current sheet. Les has decided to buy PME before the July meeting.
After the break Bill gave us look into his trip to Sweden during May and with 9 photos that I projected onto the screen but were too small to fully appreciate. I have since separately emailed nine full sized images to all members. Thanks Bill, as only a few of us have been to Sweden.
Finally, on our short-term monthly selections Peter leads with his selection TPC with $3,155 profit, followed by Graeme, Susan and Malcolm. There were four new monthly selections for June to report on at the July meeting.
We will have time next month for Don to present some tips on investing.
Our next meeting will be Monday 1st July 2024 at 2pm.
Malcolm Sanders