Regardless of the reasons for the recent decline imo the Australian stock market is becoming a garbage dump for investors and a good place to throw away ur money. I’m still down 150k from 2 years ago I.e BHP back then was $54 now around $40…. Unbelievable and that’s just one of many blue chip stocks not worth pissing on atm.
BHP abandoned highly profitable oil, gas and coal businesses in the costly pursuit of emissions reduction which will do nothing but destroy company earnings and value. Seek out businesses which remain on a profitable path.
good choice of stocks Pete.. BHP, RMD, PLS, AD8 particularly Audinate. . It might end up being a winner but down 38% on not so bad figures. Something is not right. looks a bit like Appen. just missed revenue and the stock went from $31 to $0.78.
Thanks heaps Peter
Market adjustments help long term investors make high returns
Guessing this was recorded on the 5th. Audinate absolutely smashed today.
Regardless of the reasons for the recent decline imo the Australian stock market is becoming a garbage dump for investors and a good place to throw away ur money. I’m still down 150k from 2 years ago I.e BHP back then was $54 now around $40…. Unbelievable and that’s just one of many blue chip stocks not worth pissing on atm.
BHP abandoned highly profitable oil, gas and coal businesses in the costly pursuit of emissions reduction which will do nothing but destroy company earnings and value.
Seek out businesses which remain on a profitable path.
@@Leonardo555ZZZthat’s why I’ve been investing in American oil n gas companies and uranium
good choice of stocks Pete.. BHP, RMD, PLS, AD8 particularly Audinate. . It might end up being a winner but down 38% on not so bad figures. Something is not right. looks a bit like Appen. just missed revenue and the stock went from $31 to $0.78.
I am in listed investment companies. Hoping they see buying opportunities.