We looked at the Bank Reporting Season Scorecard by Hugh Dive which analysed how Westpac, ANZ. CBA, NAB and Macquarie had performed during 2022. We then touched on a light hearted topic of “Why our financial abilities peak at age 53” by James Gruber before considering what sectors of shares we would include in a portfolio constructed for 2023.
Malcolm Sanders showed us the long-term results of the portfolios which had been selected by John, Malcolm, Wende, Les and Bill in 2021. He then awarded Bill a prize of a loaf of bread for his portfolio increasing by 22% in 2022. There was much hilarity at this award.
Margaret Walshe on behalf of the group thanked Margaret Jenkins for her efforts as Convenor of Investment for the past nine years and presented Margaret with a Certificate of Appreciation which all the members of Investment signed. There were more speeches by Malcolm Sanders and Pauline Bailey. Margaret responded saying that she had enjoyed her time as Convenor of Investment, and that they were a wonderful group to be part of.
The first session for 2023 will be on Monday 6th of December at the new starting time of 2pm. It will be led by new convenors Malcolm Sanders and John Hanlon.