The video suggested that equities could be risky investments and that real estate may not be readily liquid if funds were required. On the other hand Bonds, which were really a loan to a company, could be redeemed easily.
To balance this promotional video, one of our members, Les Rodgers gave us his experience with Bonds after our break. Several of our members thanked Les for providing us with a balanced view of investing in Bonds.
We also mentioned ASIC’s (Australian Securities and Investment Commission) crackdown on financial content from people not holding a suitable licence. Whilst this was primarily aimed at webinars and podcasts, we noted that any information provided needed to be accurate and balanced.
Finally we circulated figures from the Chief Economist produced for the Australian Government which showed the Australian resources and energy exports for 2021/2022. These figures were further divided into the contribution from specific mining sectors such as Steel, Ire Ore, Metallurgical and Thermal coal, Gas, Oil, uranium etc. The mining sector contributes approximately 10% of GDP.
The next meeting of Investment will be on Monday 6th June at 1.30pm in our U3A room.