There are 11 sectors in the Australian share market, and this is a big difference to the US. In Australia 48% of the market is made up for financials & materials. In the US IT & Health care make up 41% and financials and materials only 15%.
The members were asked to pick 2 stocks in each of the 11 sectors so we can see the results each month on a Bendigo Invest Watch listing that is live.
Everyone then chose their “monthly” short term stock for review at the March meeting.
John spoke of the importance of spreading investments. He then referred to the share market in which he has been involved since 1960, and different strategies for investing. John pointed out that he is not a stock picker but prefers the safety of the top 20 shares that pay 100% franked dividends which provide a regular income while also keeping an eye out for opportunities in times of market downturn.
We then investigated broker consensus and company dividends yields, finishing on self-education found at the bottom of the Market Index page.
Then finally, around the table members chose their Long-Term stock to be tabulated and reviewed each month in a spreadsheet.