Having found last month that the All Ordinaries increased by 24% last financial year, we examined changes in our long term selections over the same period. We also looked at an extended range of stocks spread over various sectors and ASX Indexes with the aim to understand which stocks had outperformed the overall market. Many of these stocks examined were popular shares which many of our members possibly held.
Both LICs (Listed Investment Companies) and ETFs (Exchange Traded Funds) have an increasing presence in the Australian Stock Market. We looked at the similarities and differences between LICs and ETFs in respect of pay outs and tax obligations.
The next meeting of Investment will be on Friday 3rd September 2021 at 2pm. An Email will be sent nearer to the date to indicate whether it will be in our U3A room or by Zoom.