The weather may be warming up but the Seniors Complex remains closed and our Zoom Investment meetings continue. 2020 has certainly been a unique year coping with COVID’s first and second waves, and we sincerely hope that 2021 is quite different.

Whilst there has been a period in the first half of September where the Australian market retreated slightly, economic reality and the market have yet to come together. Government support through the shutdown period has benefited many companies, and in our first Zoom session for the month we looked at those companies which had benefited from the support payments.

In both sessions we saw examples of companies which are trading well and which show promise for investors.

During the latter part of September we learnt that one of Benalla U3A’s long standing members, Graham Mitchell, has moved into care nearer his son who lives in Geelong. Graham started the original Investment Group over fifteen years ago, and it was only due to his ill health that it closed five years ago. Since then Graham has come to our meetings and has always shown interest in whatever was discussed.  We wish him well in his new environment.

Our next Zoom Investment meeting will be on Friday 2nd October 2020 at 2pm.
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Margaret Jenkins

We had two enjoyable Zoom Investment meetings during August.

At our first meeting we looked at some Gold shares and ETF’s as the gold price had recently been at an all- time high due to International tensions. We also commented on the fact that at one stage during this period the top five traded shares on CommSec had all been pay later companies, which was a different picture for the market than previously. 

August is the Reporting Season and in our second session we looked at the results reported by several companies. The trend in several of these was to pay a decreased dividend. However, in other cases very good results had been tabled which were encouraging for shareholders.

These Zoom meetings provide an opportunity for all participants to exchange information, which is an excellent outcome.

The next Zoom Investment meeting will be on Friday 4th September at 2pm. An invitation will be sent out the previous day.
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Margaret Jenkins