Contrarian

Today, major stock markets rose.  But the ASX went down because of concern about political stability.  A few MPs have citizenship problems.

So if the bank share prices tumble, I buy!  Am I being stupid?

Cobalt ARL and AUZ.

Don't ask me the details but from my understanding of electric cars, it needs lithium, cobalt and graphene.  Of course, you need copper to conduct electricity.

Today, I took a plunge into cobalt.  The company with the biggest reserve of cobalt in the world is ARL and the company with the most advanced process is AUZ.  At the end of the day, one went lower and one went higher; net more than $500 in the black :-)  But that is only in one day. The next day, I could be a sucker!

Both stocks have already run up so I was a bit slow off the mark.  If tomorrow is favourable, I should sell stale stocks and buy cobalt stocks instead.  Already lithium stocks are running ahead.

I also topped up my AXE because of electric car...

Banks

When banks have been sold off for no obvious recent reason, you ask why?  If there is no reason, then there is no reason not to buy.  Only CBA can be left alone for the time being.  The time bomb for its ATM deposit non-compliance issue is yet to explode.

My wife never questions my investment strategy.  She was happy for me to top up our ANZ and WBC bank shares.  They are our biggest investments this month.  Unlike what I buy normally, these bank shares went up!  And up again today, making me an almost instant 2-3% profit.

Nice to be contrarian especially when the reason for being a contrarian is correct :-)

SYD

This is repetitious.  My late father went to school for only 2 years but he is a fast learner.  His adage is buy shares with stable reliable dividends.  This suggests profitability.  And if the  returns exceed interest on cash deposit, why not buy shares instead?

I add one other important feature.  If the equity has a monopoly or near monopoly, SANCTIONED by the government, then it is worth investing in.  The best time to buy is when people are selling although in the long term, it is less important to pick the time to buy.

I don't know why people sell out of ASX or SYD.  Today, I topped up my holdings in SYD at $7.01

There is always the Big Four Banks... and I am waiting for short term bad news for CBA to top up.