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Westpac appoints Acting Chief Executive, Consumer

there you go , somewhere to start your questions
 

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Haven't had too many issues with my local branch over the years. This was a bit of a pissoff, but all the other the other stop losses have worked, but they fell within range. Still got to deal with the credit fraud I've received just before easter, they were able to block half of the transactions, not sure who's going to pay for the other half yet.
 
A Few Wise words From Uncle Warren

The Secret Sauce In August 1994

Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.

The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.

American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.

These dividend gains, though pleasing, are far from spectacular. But they bring with the important gains in stock prices. At year end, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.

Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.

The lesson for investors: The weeds wither away in significance as the flowers bloom.Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.
 

@Sean K - In my view, the only real limits of AI are the boundaries of our imagination. It’s remarkable what can be created when we think outside the box.

I’ve put together an eBook for family and friends that offers beginners an inside look into the exciting world of trading.

You can check it out here:

Trading PANDA - PDF Version
https://www.aussiestockforums.com/attachments/trading-panda-skate-pdf.175736/

For those who prefer a more conversational overview, I’ve also recorded a fireside chat between two people discussing the content of my eBook:

Fireside Chat on Google NotebookLM

Skate.
 
Last edited:
divs4ever said:
@Skate aimed this at novices willing to learn and grow
Click to expand...



The Trading PANDA: A Must-Read for Aspiring Traders
Curious about trading but not sure where to start?

The Trading PANDA is your ideal starting point
An essential guide for beginners taking their first steps toward financial independence. It breaks down the fundamentals of trading in a clear, easy-to-follow format - no jargon, no fluff. Whether you want to grow your wealth, build confidence, or simply understand how markets work.

"The Trading PANDA" helps you begin your journey in the right direction.

Remember
“The journey of a thousand miles begins with a single step - but take that step in the wrong direction, and you’ll end up two thousand miles from where you want to be.”

Skate.
 
have kept a copy on a USB drive , in case i come across a novice ( trader ) willing to learn the ropes , and saved a personal copy just in case i need to do some proper ( deliberate ) trading in the future

the trick currently will be to keep your confidence in fractious markets ( it will be easy to be scared back to the sidelines , when it is really buying time )

thanks

and cheers
 

Marcus Padley answers your burning questions​

You can watch the full interview here: https://www.livewiremarkets.com/wires/marcus-padley-answers-your-burning-questions"

Insightful Question
One question I found particularly insightful came from Leigh. I've paraphrased both the question and Marcus Padley's response to make them more fluent and easier to read.

Paraphrased Question (from Leigh)
"What are the key advantages that individual investors have compared to institutional investors? Marcus often mentions the flexibility individuals enjoy—can he expand on that, especially in light of recent examples where individuals were able to move in and out of cash more freely?"

Paraphrased Answer (Marcus Padley)
"Individual investors enjoy significant advantages over institutions. Fund managers are restricted by the structure of the industry - they manage huge sums and must follow strict rules about diversification and cash limits. For example, they might not be allowed to hold more than 20% in cash, even if they want to, which limits their agility.

In contrast, individual investors are completely free to act as they see fit. They don’t face the same liquidity issues, don’t need to get decisions approved by a committee, and can respond quickly to market changes. You’re fully in control - you make the decisions and live with the results, good or bad.

Moreover, investing can be a rewarding and stimulating hobby. It keeps you mentally active, provides social opportunities through events and communities, and gives you a sense of purpose - especially valuable in retirement. Best of all, you have the power to improve your financial future using your own ideas and efforts. Few activities are as engaging and potentially life-enhancing."

Skate.
 

Building Long-Term Wealth
Lasting wealth rests on three key principles: research, resolve, and focus. Building long-term wealth isn’t about chasing trends - it’s about building something meaningful, one smart decision at a time.

How do you achieve it?
Knowledge builds confidence and confidence keeps you on track.

Market volatility is inevitable
Staying disciplined through downturns often sets the successful apart from all the others.

Skate.
 


Picking Noses
Playing the financial markets is no casual nose-picking exercise. While both may involve some trial and error, the similarity ends there. Financial markets demand rigorous research, careful analysis, and a disciplined mindset. Sure, you’ll pick some winners and some losers - but success doesn’t come from blind luck. It comes from informed, educated, intentional decisions.

Skate.
 
DaveTrade said:
Paraphrasing Dave: Short-term success can come from blind luck but long-term success, comes from informed, educated, intentional decisions.
Click to expand...

A Beginner’s Guide to Trading
Trading offers an exciting opportunity to grow wealth, but it’s not a quick path to riches. Success requires patience, discipline, and a commitment to learning.

The good news
You don’t need a fortune to start. Treat trading like a hobby - build skills gradually, enjoy the journey, and stay curious. A smart strategy for beginners is to start small and trade sparingly. This lets you practice, learn from mistakes, and hone your strategy without risking significant capital. As you gain confidence and expertise, you can scale it up. By doing it this way, you’ll lay a solid foundation for lasting success in the markets.

Skate.
 

Your Mindset Shapes Your Financial Future
Your approach to financial markets fuels your success. Every smart decision, big or small, builds wealth and secures your future. A disciplined, thoughtful mindset will spark a lasting interest. If you’re intrigued by the markets, trading can be a promising path to financial freedom and independence - but it’s not without risks. To succeed, you’ll need discipline, education, and a commitment to learning as you go.

Skate.
 
Skate said:
but success doesn’t come from blind luck.
Click to expand...
oh yes it can !

but the trap is not to confuse blind luck with skill ( aka , KNOW when you are lucky ) , and know how to deal with that run of luck ... and i don't mean a couple of sessions at the pub buying drinks for your mates .

sure you will have 'bad luck ' but that can be very educational if you study what went wrong , i remember one stock i held was doing OK until they discovered an employee in accounting had a gambling problem , and was 'tickling the accounts ' .. now that didn't kill the company the losses were not fatal , what KILLED the company was the head of the accounting department detected the theft and tolerated it continuation of it , once this came out the big banks providing the finance , quickly called in all the existing loans ... and R.I.P. ( cooked books is a confidence crusher )

and hindsight can be educational as well in 'good luck '

now good luck can come from taking reasonable risks ... take ART ( Aitrasker ) it floated at an optimal time , and i got a good price on the day of the float ... and the public liked the narrative , buoyed by the retail public buying management decided to stoke the narrative by pushing accelerated expansion ( about 3 months after the float ) now buying a small 'bolt-on ' is one thing , but expanding into large international markets ???

well the public bought the new narrative and i bought a parachute for the graceful exit ( from memory about a 25% profit ) yes that looked like trading , but it was a total reaction to the news at hand
 

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divs4ever said:
now good luck can come from taking reasonable risks
Click to expand...

Question (from Graham, the short version)
Can you make money by avoiding risky periods

Marcus Padley's Answer (shortened answer)
Chickens don't make money so if you're going to do everything in a low risk you're going to wait until there's certainty and by the time there's certainty there's no returns.

Skate.
 
Timeless Principles for Financial Beginners
Start your financial journey with a solid plan. Only invest what you can "truly afford" to lose to shield you from your emotions. If you can master your emotions like greed or fear, you will make more rational decisions. It has been said a million times but it's worth repeating, "wealth-building" is a marathon, not a sprint. Avoid impulsive moves by responding thoughtfully to market changes. Don't react but rather respond, responding gives you time to think.

Cut Losses Early to Limit Setbacks
In the beginning, most of us learn this lesson the hard way - by holding on to positions too long and taking unnecessary losses. It often takes both time and financial pain to fully understand the importance of cutting losses early. Get this one fundamental right, and you’ll build a rock-solid foundation for long-term financial success.

Skate.
 
Humans are deeply flawed creatures
We’re obsessed with criticising. “I know better than you” is practically a pastime here. But everyone’s got something to say, and if we don’t listen, we miss the chance to learn.

I’ve dusted off the old workhorse
I've been inspired to start trading again. The strategy is not a "Thoroughbred", it's more like a slow‑but‑steady Clydesdale. The strategy I'm going to trade doesn’t sprint, but it sure gets the job done.

Investing pays the bills
Sure, investing pays the bills. But trading? That’s where the fun and fast cash is hiding.

Skate.
 
Buy Low, Sell High – The Constant That Never Changes
Trading is all about buying a position with the hope of selling it at a higher price in the future. That’s the constant that never changes. While it sounds simple, it’s a challenging and "frustrating experience" for many traders.

The Three Things Every Trader Wants to Know
1. What to buy? – Choosing the right position is critical.
2. When to buy? – Timing your entry sets the stage.
3. When to sell? – The exit seals your profit or loss.

Structured Trading
System trading answers these questions with precision, offering a structured approach that goes beyond guesswork.

Skate.
 
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