We discussed how the widespread bushfires and the Corona virus which had emanated in China were affecting the Australian economy and some Australian listed shares.
We also mentioned the small Neo banks such as Xinja bank which were making an impact on the market against the big four banks and the fact that they were 100% digital and had no bricks and mortar branches.
Being the beginning of a new decade we looked at the ASX Top 50 companies and how their total return had performed against the ASX 200 benchmark. We found that only 17 out of these 50 companies had outperformed the ASX 200 over that ten year period.
Finally we looked at both the large cap and medium cap shares in both the Health Sector and the Consumer Staples sector. Both these sectors had shown better than seven per cent growth in the past month, this increase being more pronounced in some particular shares than others.
The next meeting of Investment will be on Friday 6th March at 2pm in our U3A room.