Our portfolios pullback as market takes a breather
In this article, I look at how our two model portfolios have performed so far in 2024. To do so, we’ll start by examining how the overall market has fared.
Paul Rickard has more than 30 years’ experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. Paul was the founding Managing Director and CEO of CommSec, and was named Australian ‘Stockbroker of the Year’ in 2005. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and PEXA Group Limited.
In this article, I look at how our two model portfolios have performed so far in 2024. To do so, we’ll start by examining how the overall market has fared.
What is the “trimmed mean” inflation rate and why is this higher than annual CPI? I am not particularly happy about Myer acquiring Just Jeans and other brands from Solomon Lew, do I get any say in it? Why did Woolworths share price get crunched yesterday? Zip has been on a bit of a tear...do the major brokers think there is more upside?
The big broad-based listed investment companies are currently super cheap, trading at material discounts to their NTA (net tangible asset value). Why is this so? What’s the play here? What’s my view on which “big” LIC to invest in?
Why aren’t readers being alerted to the Government’s plan to tax super balances over $3 million? Where can I find the share market weightings for the 11 industry sectors? When is the next CPI due and could the RBA cut interest rates? Have brokers lowered their target prices for WiseTech?
Last week, Bank of Queensland hit a 52-week share price high of $7. Let’s take a closer look at the result and what the major brokers have to say. What would it take for me to invest in BOQ?
Which fixed interest ETFs do you recommend? Promedicus keeps going higher and higher. How much higher can it go? Should I take part in the Appen share purchase plan? What do the major brokers say about gas line operator APA?
Despite the downsides, I think there’s a major place for term deposits in investors’ portfolios. Term deposit rates will continue to drift lower, so here are the best available rates right now.
Is Metcash a good buy at these levels? How does RIO propose to fund the US$9.9 billion acquisition of Arcadium Lithium – will there be a share issue? Have the results of the NEXTDC share purchase plan been announced? What do the brokers says about Resmed?
Woodside’s share price has been on the slide since mid 2023. Is it good buying now? Is there an ETF that allows me to invest in cybersecurity firms? Why are share purchase plans capped at $30,000? Do the brokers see more price upside for Xero?
Our model portfolios continue to outperform, with the growth portfolio now up by more 18% this year.
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