Club Mulgoa

Monday, October 26, 2020

Betashares - NDQ and ASIA

 Maybe not the best time to buy but I am buying these two stocks for the long, long term.  What amazed me about this fund manager is the low management fees, considering how well the tech shares have been performing.  Of course, it is low because it just hugs the index so there is very little expense on research work.

These stocks give me some hedging into international stocks rather than just the ASX.

Friday, October 16, 2020

ALK and ASM

I had incredible faith in ALK.  Looking back, I first purchased at around $1.15 in 2011 based on a tipster's recommendation.  And bought even more at around that price.  It continued to fall to under 20c in 2018 while I continued to buy at lower and lower prices.  It had lots of good announcements but the market had no confidence.  Am I the crazy one or the other investors?

And then in early 2019, it started to turn...  In 2020, I continued to buy on good announcements from ALK but the market still ignored it!  It then split into 2 stocks; one mostly gold and the other mostly REE.

I even bought more of ALK just before the split and topped up the REE stock as the parcel was not big.

Today, because I bought a lot of small top-ups in ALK, I am up around 3X while ASM is up >10X over its short existence as a separate entity.  My perpetual question is why is good announcement bad for share price of obscure stocks?  I hope that attitude persists...