T O P
AltruisticCurtains

Oh, the China / Taiwan thing continues. This just in: *Beijing has announced it will hold military exercises near the southern part of the Yellow Sea and Bohai, near South Korea.* *The exercises are expected to start on Monday, 8 August, and last until 8 September.* *The PLA’s Eastern Theatre Command announced on China’s social media platform Weibo at midday on Sunday that it will continue to conduct coordinated maritime and aerial military exercises around Taiwan, and* ***the focus of these exercises will be testing the PLA’s ground attack and long-range aerial attack capabilities***\*, local media outlets report.\* Guardian live blog: [https://www.theguardian.com/world/live/2022/aug/07/china-taiwan-news-white-house-calls-chinese-drills-provocative-and-irresponsible-live](https://www.theguardian.com/world/live/2022/aug/07/china-taiwan-news-white-house-calls-chinese-drills-provocative-and-irresponsible-live) Looks like a bit of posturing for now. Note the region where exercises are being undertaken is not Taiwan adjacent.


dressedlikerappers

I would love to break even by the end of the next two weeks.


Moon-Runner

That could happen, you into IVZ ?


dressedlikerappers

yes but the smallest of bags - bought $500 worth at 14c, sadly not enough to change my life


yothuyindi

unpopular opinion, but the more I see a stock shamelessly pumped the more I want to see it fail 😳


Moon-Runner

It's not cool to want something bad for people, some people here are invested heavily in ANL and DLC let them pump their wonderful stocks. As for me cant wait to see IVZ makes it way to the moon.


AureusStone

Remember when EXR got pumped here hard and then it got dumped and pumper #1 and all of his alts went away. Unfortunately the shameless pumpers rarely are the ones paying the price. Also waka waka, to the moon.


A_Anderson151

Damn those Vanguard pumpers on ausfinance


AltruisticCurtains

There's a thread there at the moment asking about what to do with savings. Vanguard and its various index funds get a lot of mentions, usually without a rationale or explanation for why. It's their version of \[Insert ticker\] 🚀 (though the rocket should be replaced with something slow and steady like a tortoise): VDHG 🐢 Also, the Ausfinance mods have not responded to my query about why my post of the article comparing ETFs to marxism was removed (or my follow up query).


shitforbrainstoo

Wait until the mods are asleep and post again.


yothuyindi

you joke, but the way they "pump" VDHG when DHHF is by all accounts a better option is amusing


FrankGrimesss

You want to see BHP fail? 🤓


kervio

I'd argue that's a popular opinion.


yothuyindi

doesn't seem to be given how much the same tickers are mentioned? there's even guys who come on here where you look at their posting history and they've created their whole reddit account just to pump a single stock on every sub they can find the mods do God's work here given the potential it would have to spiral out of control otherwise tbh


kervio

Those guys are the worst.


Doomkoon4648

Anyone invested in VML has to watch this interview (Avalon own the HRE) Its a pretty good chance Vital will pick up the heavies under their current deposit for a steal while these guys chase unicorns. https://youtu.be/XsYIDEs2duY


AntiCGT

Credit to Crashworx on Twitter?


Crashworx

I’m here too 😂 Oh and thanks for the typo fix doom.


Doomkoon4648

100%


AltruisticCurtains

I prepared an overview of the week ahead in the US (as it will inevitably impact us). Mostly, I'm trying to justify the wisdom of holding an inverse ETF longer term. Edit: forgot to add a [link](https://www.ampcapital.com/au/en/insights-hub/articles/2022/august/market-update-050822) to the best weekly wraps out, by Dr Shane Oliver, which is a bit broader and always a good read. **Key dates in the week ahead (US):** * Aug. 9: NFIB small business optimism gauge; non-farm productivity and unit labor costs * Aug. 10: MBA mortgage applications; **consumer price index**; wholesale inventories and trade sales; monthly budget statement * Aug. 11: **Producer price index**; weekly jobless claims * Aug. 12: Import and export prices; **University of Michigan sentiment gauges** **Jobs report (Recap from Friday):** * Nonfarm payrolls jumped 528,000 in July - this beat all estimates, adding more than double the number of jobs forecast and was the largest increase in five months. The unemployment rate fell to 3.5%, matching a five-decade low. * Good news is bad news in this context and the market dipped a bit. While the data eases recession worries, it suggests the Fed Reserve will press on with steep interest rate hikes which runs counter to some bets in the market of earlier than expected easing. **Current inflation read (CPI) expectations:** * Headline inflation is expected to reduce off the back of reduced fuel prices. The all important core inflation (which strips out fuel, fruit and veg) expected to have increased. * Headline CPU is seen rising 0.2% in July from a month earlier, which would be the smallest advance since the start of 2021 (good). However, the so-called core measure, which strips out energy and food, probably climbed a concerning 0.5%, based on the median estimate in a Bloomberg survey of economists (bad). * Stay tuned at **10.30pm AEDT Wednesday 10 August** for the CPI read. **Producer price index:** * The producer price index is a measure of the prices received for final demand products. The figure is another measure of inflation, but measures price changes before they reach consumers. It's sometimes seen as an earlier indicator of inflation than CPI. * In June, about 90% of the PPI increase came from a 10% increase in final demand energy costs as prices for oil, natural gas and other products soared. Perhaps we can expect some further reductions for the July read on that basis. * Excluding energy, as well as food and trade service prices (i.e. Core PPI), PPI decelerated .4 last month. If that continues, it could be positive news for future CPI reads. * Stay tuned at **10.30pm AEDT Thursday 11 August** for the PPI read. **University of Michigan sentiment gauge:** * After hitting an all time low in June, the gauge increased slightly for the July read, from 50 to 51.1. * In theory, as the index declines, it shows weakness in consumer confidence, which can negatively impact the economy as consumers spend less. However, retail sales have remained relatively strong indicating an interesting disconnect. * Consumer confidence is also strongly negatively correlated with inflation. When inflation moves in one direction, consumer sentiment typically moves in the other * Inflation will come down more slowly in an environment where consumer spending habits are not changing, which appears to be occurring slowly despite low sentiment reads. * Unless you're a night owl, I'd give this one a miss at **4am AEDT, Saturday 13 August**. **Rates expectations:** * Apparently, as of Friday afternoon, markets were assigning about a 69% chance of the central bank enacting its third straight 0.75 percentage point interest rate hike in September. * The point of divergence between policymakers and the market, seems to be expectations priced in by the market that rate rises will be effective to tame inflation and cause the Fed to slow or even reverse rate rises ([https://www.bloomberg.com/news/articles/2022-08-06/bond-traders-on-collision-course-with-fed-over-longer-term-view?srnd=premium-asia](https://www.bloomberg.com/news/articles/2022-08-06/bond-traders-on-collision-course-with-fed-over-longer-term-view?srnd=premium-asia)): * "*The market, primed by years of near-zero rates and a central bank that’s shown its willingness to step in and cushion downturns, seems convinced that a slowdown in growth will bring down inflation, allowing the Fed to cut -- perhaps not all the way back down, but at least to a more neutral rate.*  * *Fed officials, meanwhile -- potentially cognizant that inflation means this time might be different -- are for now beating the drum about how resolute they plan to be in the face of inflation pressures. When asked about market pricing of Fed rate cuts next year, Federal Reserve Bank of St. Louis President James Bullard told CNBC Wednesday that he’s “not quite sure exactly what they have in mind,” and inflation won’t cool as rapidly as what the market expects.* * *Whose view prevails remains to be seen, of course, but the divergences do underscore the Fed’s increasingly difficult communication challenge as it balances heightened risks around inflation, growth and financial conditions."* * Overall, the Fed seems to have been reinforcing a more hawkish message of late. Let's see the impact that CPI data has on market expectations. If it changes expectations for rate rises (particularly the terminal rate), we can expect some red.


Niemz

Does anyone know a lot about how HECS repayments work? I swear the ATO is taking far more than they should be given my income. On my monthly payslips I also see a contribution. Someone in ausfinance probably knows but I'm not goin over there lmao


AusFarmer

They take a % of what you earn from you on your payslip before tax. The more you earn the more they take as if you earn that for the year same as how tax works basically. It sucks when I do overtime they take most of it. It might seem more because you have monthly pay slips instead of weekly


WowVeryJosh

https://www.ato.gov.au/Rates/HELP,-TSL-and-SFSS-repayment-thresholds-and-rates/#HELPandTSLrepaymentthresholdsandrates201


Niemz

Thanks u/AusFarmer and u/WowVeryJosh, I've used this and also the calculator to determine how much I should've paid. My payslips for work said my contribution since January '22 was $3,xxx (company payroll overhaul, so I can't see what my contribution was from July-December 2021, but I assume it's very similar), but then the ATO also asked for another $6,xxx and took it from my return. Using the calculator, I worked out that to pay approx. $12,000 off HECS in one FY, your taxable income has to be around $130,000, and I can tell you I didn't earn that much. Any thoughts re this?


kervio

The ATO may not know that you had it taken out regularly throughout the year. It's likely you only owe what you already paid. Check what autopopulates in etax and give them a call if shit ain't right.


Niemz

Thanks, I reckon you’re probably right, I’ve lodged my return already but I’ll wait for the outcome and notice of assessment to come through and go from there.


kervio

If you need to, you can lodge an adjustment and they'll pay you the difference. Source: I had to do this one time.


anomaly256

Contact the ato and ask them, maybe. It’s not as painful as talking to some other gov departments


Niemz

Yeah I think I might, because if they didn't see anything from work re HECS contributions then something is definitely wrong. Edit: Happy cake day u/anomaly256 🍰


anomaly256

Oh, cheers 🍻


WillemDafondle

Still traveling. Cutting across to Lithuania tomorrow. Can someone give me a tldr market update in the meantime?


[deleted]

[удалено]


WillemDafondle

Lithium was invented in heaven before being cast down to hell


Tacomaster33

Tldr: unemployment rate down= markets down


WillemDafondle

Fuck. Just scrolled down and saw u/-xfactor doing god's work. Shit looks whacky as. I'm never coming home. 🛩️


Icecoldbundy

The intellects at Motley Fool mentioned a rumour about a 2nd and 3rd bidder for Genex Power (ASX:GNX) in one of their “articles.” Should get very fucking Interest if it’s true. The companies IPO was at $0.25 in 2017, so I believe a good minimum target is about $0.35 - $0.40 as the kidston project has developed a lot since then. It’s a major race to the top right now for all GNX holders, congrats ladies and gentlemen. 🤞🤞🤞🤞🤞🤞


DeadGoddo

Sold for a small loss months ago :(


Tacomaster33

You're valuing an article from motley fool? Yikes


Icecoldbundy

Was my sarcasm to well hidden? I was trying to imply that Motley Fool is unreliable as fuck. They actually quoted The Australian as the source of the rumour so that’s the only reason I shared.


anomaly256

I have nothing of value to contribute to this conversation, I just want to say Motley Fool to trigger the bot again


AutoModerator

Motley Fool? You gotta be kidding Me. I'm just a robot, but I think it's a load of horseshit. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ASX_Bets) if you have any questions or concerns.*


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AutoModerator

Motley Fool? You gotta be kidding Me. I'm just a robot, but I think it's a load of horseshit. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ASX_Bets) if you have any questions or concerns.*


AutoModerator

Motley Fool? You gotta be kidding Me. I'm just a robot, but I think it's a load of horseshit. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ASX_Bets) if you have any questions or concerns.*


AusFarmer

Motley fool


AutoModerator

Motley Fool? You gotta be kidding Me. I'm just a robot, but I think it's a load of horseshit. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ASX_Bets) if you have any questions or concerns.*


Dude_Chucks

All this IVZ pumping makes me scared she’s about to crater…


px1999

I'm deep in IVZ and a lot of my comment history is pretty positive toward the company, but these low effort memes getting spammed (at really dumb times like friday night no less) just make it seem pumpy. I'm honestly not sure whether the posters think that they're helping or are trying to stop others from touching the stock


Biggunzmcgeee

I mean yeah fair enough. But it's not like other species. It's the one of the largest oil explorations this decade for a speccy, backed by seismic. I'm balls deep and to be honest, it's a huge risk. Obviously. But they're in a good position at the moment it looks like


WowVeryJosh

What are you talking about? Exploration oil companies definitely do **not** have a history of going -80% on results... *XST & GLV flashbacks*


Niemz

Now that I'm free carrying I don't mind which way it goes, up and I'll sit back and watch, down and I'll buy back in. Wish I did this with a couple of other speccies tbh.


AureusStone

The stock price is definitely going to explode. Potentially in a good way.


shitredditsays01

It only took a year but the overpaid devs at Commsec were able to re-enable dark mode.


AltruisticCurtains

Just like I've always said, there are better stocks than IVZ.


tynub89

DLC and ANL


Butter-Brain

I’m listening 👂


Markma1989

If I sell my shares at a loss, can I use it to offsite my future gains ?


tynub89

Yes


Tacomaster33

Sounds like we need some IVZ downramping to stomp out all this pumping madness 🤔


PowerBottomBear92

Gas is lighter than earth. The gas has already escaped into the atmosphere. If they're lucky they might find one stale dinosaur fart in the hole. Meanwhile any expectation of finding oil is also flawed. It's the Mukuyu BASIN >Middle English: from Old French bacin, from medieval Latin bacinus, from bacca ‘water container’. You see that. WATER container. What's lighter than water? A duck. Ducks float on water. So what does that mean ducks are made of? Oil. And do ducks stay in the same place all year, no they do not. They migrate. The oil could be thousands of kilometres away by now.


Responsible1038

And therefore...... A WITCH!!! BURN HER!!!!


BuiltDifferant

How can you down ramp a company that wants to drill oil and gas in Zimbabwe. There is nothing that can go wrong, there hasn’t been a coup in like 5 years. There currency is so strong. Whos mugabe?


Tacomaster33

You right! These speccy miners are too fundamentally sound for me, I give up


-xfactor

Daily Economic Update | Latest headlines The number of jobs created in the US in July was about twice what investors had expected. In response to Nancy Pelosi’s visit to Taiwan, China imposed trade restrictions and launched major military activity near Taiwan. This has alarmed businesses who are worried about disruption of supply chains. India’s central bank boosted its benchmark interest rate by 50-basis points. Canada’s economy appears to be decelerating as evidenced by a weak jobs report.


-xfactor

USA It is not often that a government statistical release provides a big surprise to investors. Today it happened. The US government’s employment report for July was much better than had been anticipated. This suggests that, as the third quarter began, the economy was growing at a healthy pace. It suggests that, in the midst of a labor shortage, companies were able to find at least some of the workers they sought. And it suggests that inflationary pressures might still be a problem. However, the employment report revealed that wages remained relatively tame in July. In any event, investors reacted to today’s report by pushing up bond yields and pushing down equity prices. This reflected a view that the report increases the likelihood that the Federal Reserve will continue on a path of rapid tightening of monetary policy. The US government issues two reports on employment. One report is based on a survey of establishments, the other based on a survey of households. Let’s first look at the establishment report. In July, 528,000 new jobs were created, about twice as much as the consensus view on Wall Street. It was the biggest gain in jobs since February. In the past three months, 1.3 million new jobs were created. Employment is now at the pre-pandemic level but still about 5 million jobs below the pre-pandemic trend. In addition, job growth was strong across a wide range of industries. Strong increases in employment were reported for construction, manufacturing, retailing, transportation and distribution (including airlines), professional and business services, healthcare, restaurants and hotels, and local government. The establishment survey also reports on wages. It found that average hourly earnings across all industries were up 5.2 percent from a year earlier, matching the lowest reported since December. With inflation running above 9 percent, this implies a significant loss of purchasing power for workers. Average hourly earnings were up 0.5 percent from the previous month, the highest monthly gain since March. This data signals that the tight labor market is not yet generating the kind of wage gains that could lead to an inflationary wage-price spiral. Recent data show that initial claims for unemployment insurance are rising and that job vacancies are declining. This indicates that the tightness of the labor market might be easing. The separate survey of households found that the unemployment rate fell to 3.5 percent, the lowest since February 2020 and the second lowest since the 1960s. How shall we interpret today’s surprising report? First, one month does not make a trend. Data can be volatile and can be revised. Thus, sweeping inferences should be avoided. Still, today’s report is consistent with the strong job growth that took place during the first half of 2022. Moreover, we know that demand for labor has been strong as evidenced by high vacancy rates and anecdotal reports from clients. The problem in the job market has not been inadequate demand for labor. It has been inadequate supply. Today’s report suggests that the latter problem might be abating somewhat, although employment remains well below where it would have been absent the pandemic. The problem has been lower labor force participation and much lower immigration. The jobs report likely means that a recession has not yet begun, although jobs data tend to be a lagging rather than a leading indicator. In the past, employment had already started to decelerate sharply when recessions started. Still, the strength of today’s report might increase the probability of recession by compelling the Federal Reserve to tighten monetary policy faster.


-xfactor

China Following the visit to Taiwan by US House Speaker Nancy Pelosi, China has imposed new trade restrictions on Taiwan and has launched considerable military activity in close proximity to Taiwan. Within the business community, there is fear that tensions over Taiwan could have real economic implications. Already ships and airplanes have been rerouted and flights have been cancelled in order to avoid interaction with Chinese ships, planes, and missiles in the Taiwan Straits. The Straits is a key venue for shipping of goods between China and Japan and between China and Europe. It is reported that 88 percent of the world’s biggest container ships passed through the Straits last year. Some observers suggest that the Chinese military activity is a rehearsal for a blockade. Pundits have suggested an increased probability of a Chinese military action against Taiwan. Of course, no one really knows. Yet uncertainty has consequences. Among the possible consequences would be efforts by global companies to reduce exposure to China and/or Taiwan. There is particular concern about what these tensions could mean for the global semiconductor industry given that 90 percent of the most sophisticated chips are made in Taiwan. A blockade of Taiwan would have a big impact on global business given the wide range of products that incorporate sophisticated chips.


SunkDestroyer

If anyone wants to learn more about the South China Sea disputes, I can recommend [this](https://www.amazon.com/South-China-Sea-Struggle-Power/dp/0300186835) book. A very complex issue but right now it’s not looking good for our already strained global supply issues


stonefree251

>90 percent of the most sophisticated chips are made in Taiwan. Who makes the other 10%?


-xfactor

Not exactly sure on the exact make up of the other 10% but South Korea and Japan are also producing


here2FuckSpiders2

Is ASX open yet?


auskier

Go and play with crypto on weekends


here2FuckSpiders2

Rather pokies


Niemz

Not the pokies here in Perth though, they're somehow different to those back in NSW and SA, somehow the fun seems to have been sucked from them in WA.


here2FuckSpiders2

no much to do when wife runs away with someone else, hun?


Particular_Love_8811

Barry the asshole doesn't like working weekends. Bastard.


AltruisticCurtains

Nah, but can't blame a bloke for asking.


-xfactor

India India’s central bank, the Reserve Bank of India (RBC), raised its benchmark interest rate for the third time since May. This time it was a 50-basis point increase. The Governor of the RBC, Shaktikanta Das, said that “the Indian economy has naturally been impacted by the global economic situation. We have been grappling with the problem of high inflation.” In June, consumer prices were up 7.01 percent from a year earlier, above the RBC’s target range. The upper bound of that range is 6.0 percent. The benchmark rate is now 5.4 percent, up from 4.0 percent in April. The goal is to suppress inflation. It is likely that the effect will also be to stabilize the rupee which has been depreciating. However, the rupee has fallen moderately in an orderly fashion, likely due in part to the gradual increase in interest rates. Going forward, the recent softening of commodity prices should help to alleviate inflationary pressure. The cautious approach to monetary tightening by the RBC might reflect a view that the worst is over as commodity prices recede. It might also reflect a view that the weakening of the global economy puts India at risk of a slowdown. Thus, severe tightening creates the risk of recession.


-xfactor

Canada Chief Economist of [ ] Canada, provides insights about the latest employment report from Canada: The Canadian economic expansion is losing momentum and the weakness has started showing up in the labour market. The economy lost 30,600 net jobs in July, disappointing market expectations for an increase of 20,000 and building on a 43,200 loss in June. A decline in the labour force (i.e. fewer people looking for work) kept the unemployment rate unchanged at 4.9 per cent. The details of the report were weak. Full-time employment fell by 13,100 while part-time retreated 17,500. Employment in the public sector contracted 51,000 while the private sector shed 13,800 – with an offset coming from an increase of 31,300 self-employed positions. The industry story showed surprising losses in the services-producing sectors. Wholesale and retail trade lost a net 26,900 positions and business, building and support services cut 12,300 jobs. In contrast, finance and insurance continued to hire. Transportation and information, culture and recreation also posted gains. The goods-producing industries added a healthy 22,600 jobs, with gains across all sub-sectors. Manufacturing (+7,100) and construction (+7,700) were the most notable. Average hourly wages of employees were roughly unchanged from June at +5.2 per cent year-over-year, well short of the above 8 per cent pace of inflation. All told, the weakness in the Canadian labour market is just beginning. The impact of the Bank of Canada’s and US Federal Reserve’s aggressive tightening of monetary policy has yet to show up in the Canadian labour market. Perhaps some of the retail and wholesale job losses in July might be attributed to the softening of consumer spending, but the impact of higher interest rates on construction and manufacturing wasn’t evident in todays’ data. With the unemployment rate remaining at multi-decade lows, labour scarcity will remain a key challenge for businesses, and combined with a rapidly rising cost of living, there is considerable risk of increased wage pressures that might make getting inflation back to the Bank of Canada’s 2 per cent mid-point target difficult.


Qwertyiantne

I’ve decided we should stop all wars because I want to go to mars one day. So stop all this bickering so we can focus on what’s truly important, my dreams.


MegaSuperUltraThingy

too easy i gotchu fam


shitredditsays01

[yup](https://store.steampowered.com/app/464920/Surviving_Mars/)


Sharp_Pride7092

How long do you plan to live ??


Qwertyiantne

I’d literally go even if I knew it was a one way trip. So, just long enough to put boots on mars


SatansFriendlyCat

Seems like a very bleak place to die. What's the appeal, to you?


Qwertyiantne

I’ve always been obsessed with space. To stand on another planet would be something both surreal and ultimately fulfilling to me.


SatansFriendlyCat

It would be wonderful. Mars just feels too local, though. I couldn't treat as a triumph the act of standing in a place where I could conceivably imagine that smug prick Musk also standing (and smirking). I'm a bastard, I want my other worlds to be otherworldly. A dessicated brown desert is too readily available right here. Just shards of rock and fine dust and nothing. What a rip-off! Mars is better from a distance. Never meet your heroes. Send me on a colony cryoship to some far-flung exoplanet, or at least please send me some aliens. I've been waiting ages and we still don't have any :(


Qwertyiantne

Definitely, send me away in cryogenic stasis to another star system. I’m actually deeply saddened by the fact that I’ll never ever visit another star :( I just wish I could 😭


SatansFriendlyCat

Same :( But, tomorrow (or any day) we *might* get a visit from sufficiently-advanced-technology Aliens and then all bets are off, we could catch a lift to anywhere! It's ludicrously unlikely, but it's not impossible!


9aaa73f0

Until about half way there.


Sharp_Pride7092

Optimism rules O.K.


SatansFriendlyCat

On a prayer?


Hypertrollz

Take my hand.....


SatansFriendlyCat

Always thought the next bit was "we'll make it elsewhere", which I thought was fine. "Fuck this place, it's a write-off, we'll try again somewhere else". Turns out it was "we'll make it *I swear*", which I only discovered this year and which I think is blindly, foolishly, probably unwarrantedly optimistic. I prefer my version.


Hypertrollz

I too like your version better, more grounded in reality than the naive baseless promises of youth.


Massive_Button9434

“we’ll make it Au Pair”


anomaly256

whooaaa, sleepin' with a frieeeend


100Xbagzz

$MGU- New CEO Announced late Friday. Big things on the Horizon, Engineering Scoping Studies due for completion any day. Green Steel in the USA


sneakycutler

What product / service does MGU provide?


jtrulerededit

Don’t judge each day by the harvest you reap but by the seeds that you plant. Dr Tendy


cohex

Happy weekend. Sydney trains suck.


Particular_Love_8811

ASX is shit. Doesn't sell TIT ASS or GIN.


[deleted]

[удалено]


Particular_Love_8811

I'm after some TIT. You got any? I will try the Dow Jones. Maybe they have some.


nohorncap

ANL is all you need.


Particular_Love_8811

How get ANL?


Instantly-Regret

Ask very very nicely


Particular_Love_8811

Pretty please 😻


singinglike

Been sick with COVID and haven't left bed since Thursday. At least on Thursday and Friday I could refresh my app every 5 seconds, but I'm so bored and tired and drained 😭


Calm_Lengths

At least you can feel better knowing IHL recovered some of that unrealised red in your PF Hopefully you get better soon!


singinglike

Was up 5.6k from IHL alone yesterday 🙆🏻‍♀️ still 28% down on it and I'm not betting on a smooth road up, but Friday gave me hope of breaking even eventually so it means a lot haha 😊 And thank you heaps! 💞 💞


Calm_Lengths

Oft that's a nice recovery! I'm sure we'll be back to 70c again soon! Just gotta hold tight! 🤞


singinglike

Omg that would be amazing ahaha. I sold INR and IXR after taking very teeny profits, which is fine but hard not to think about what if I just held a few days longer - I'm more frustrated at my impulsivity more than anything else. Hopefully I play IHL a little better 😅


Calm_Lengths

I'm long holding both IHL and IXR, but have a trading parcel that I use to help increase holdings if I time it right


singinglike

You're doing much smarter things than me 💫


Calm_Lengths

Hasn't served me too well yet Only just got back in the green on my last IXR buy (4.9c)🤡


SatansFriendlyCat

Right here with you in Covid spirit. Hoping you and your laptop are reunited soon.


singinglike

I was lying on it because it was nice and cold (still uncomfortable though haha). I love laptop so much 😭❤ I only slept 3 hours last night but I've exerted no energy except through coughing, so I'm tired but too restless to sleep 🥲 Do you have it too? 😥 hope you feel better soon!! Also hope you have all your necessities and a comfortable recovery space! 💕


SatansFriendlyCat

Yep, since Tuesday. It's been nightmarishly bad. Easing up a little now, I think. Everyone seems to have a very individual time with it, plenty of success stories so by the numbers you should be fine soon, fingers crossed.


singinglike

Oh no 😰 easing slightly sounds hopeful, so long as it doesn't get worse right? Taking a shower (+ washing my hair twice over), fully moisturising (because I'm dehydrated as heck since it's been hard drinking water and I can feel how it's affecting my skin), and a small change of sheets has helped improve my mood and let me feel better. I'm getting really bad body aches/headaches on and off so doing some of that was tough, but hey I have nothing else to do so at least I got to take my sweet time with it (me sitting still on the floor of my bathroom feeling a bit winded and just blanking out for a while) 😂 I hope you've found some things to help you get through this and hopefully you'll be back at 100% soon! 💪


shitredditsays01

Electrolyte powder + hot showers/bath + rest + ~4 panadol a day for me Lasted about 5 days until I was better. Lingering symptoms for a week or two.


SatansFriendlyCat

Showers are good for sure. It's good that you can sort of relax.


Hypertrollz

Whatever you do, don't even think of getting the chainsaw out and cutting down that 30 foot tree in your backyard your wife keeps complaining about on day 6 of Covid. Some geniuses do that sort of thing and pay the price. Disclaimer - I may or may not be one of said geniuses.


SatansFriendlyCat

I'm sadly not isolating in isolation.. bringing a chainsaw into the equation at the moment would be *entirely* unwise for sure. But I take the general point! And thanks. I'll be working again on Wednesday if I can but I'm not eager to get madly active by any means.


kervio

It sucks hey :( I hope you get better soon.


singinglike

Thanks! 💕 I'm still feeling like crap but heaps better than before, so hoping to feel less headachey/sore enough by tomorrow to sit up and play on my laptop at least 😅


poptartape

IVZ 🤤


PowerBottomBear92

Barrys tempting me to sell


lostdollar

>Barrys tempting me to sell [Hmmm](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTkxCWiUXFO7xDpcPbsHgHYpT9BM8vl0TT5HA6IDUQg80rSnxpFDr_MAcw&s=10)


poptartape

Pussy hands


Particular_Love_8811

Anything to do with Barry.. would be ass hands.


ZestyBreh

My first time owing money to the ATO. I knew it was coming, but it still stings a bit.


Doomkoon4648

Payment plan is all I can say.


nohorncap

it’s a good thang - you’re earning money, and they accept payment schedules, so low interest ~~free~~ payments! 💫


HideTheT2BarryComes

You know what isn't a good thing, most of those credit card sign up offers exclude payments to the ATO as an eligible purchase.


catch-10110

Unfortunately it’s not interest free. The interest rate is very reasonable but yeah, no free lunch.


nohorncap

damn - I thought it was, for some weird reason - fixed.


ilovenyano

Is it worth paying an accountant to legally delay your return by 4 months?


Sharp_Pride7092

Seriously stoopid q? Does just rocking up to an accountant in say Feb ? to lodge tax return, will be ok ??


springoniondip

Need to have intent to lodge with an accountant by Oct, then they can lodge it 4 months latee


Wannaliveinpenthouse

Discovered this music genre called bossa nova, Antonio Carlos is such a great musician.


nohorncap

Black Velvet Flag - institutionalized: [https://www.youtube.com/watch?v=BO3Bnc2gFeU](https://www.youtube.com/watch?v=BO3Bnc2gFeU) vs the original: Suicidal Tendencies - Institutionalized: [https://www.youtube.com/watch?v=LoF\_a0-7xVQ](https://www.youtube.com/watch?v=LoF_a0-7xVQ) there's also the black hole of christmas classics done bossa nova etc


goonbagscoundrel

Get around this too https://youtu.be/A8oKnHRrgBg


Particular_Love_8811

https://youtube.com/playlist?list=PLMxy067kbpQg1G-UkMHM85EL5yu7o5hau


goonbagscoundrel

Nice. I learn more towards Doolittle but pixies are grouse.


scorpio_

Not falling for this cleverly disguised BOE+NVA pump. Reported to ASIC.


goonbagscoundrel

Hahaha faaaaark 🤣


Wannaliveinpenthouse

👍


getawombatupya

CXO got a new CEO. Hotcopper is a fucking circus. Including a message direct to the new CEO on behalf of the shareholders, people namedropping having a beer with the old CEO, three new threads about the ex Rio bloke being a plant for a future takeover and other spastic fun. ¯\\\_(ツ)\_/¯


WeatherOutside

Cxo $5 party


auskier

If that happens, ill bring the Dom


Meaty0gre

Any downrampers?


Calm_Lengths

Nah just lots of trucks waiting to back up


Meaty0gre

Is that to collect all the branches knocked off from tree shakes?


captain007

Boomers on WHC thread on HC thinking that coal price does not influence WHC share price, and that month end trades by instos are what drives gains and losses.....wot?


Sharp_Pride7092

Thanks for that, useful knowledge for my next canny investment ploy :)


PowerBottomBear92

IVZ have released another video of their supposed drilling rig. Everyone who knows knows this is being filmed in a studio in the Hollywood Hills using green screens and computer CGI. Scott McMillian has been posting the office videos from a secret film set. Curious how the only IVZ photos come from IVZ themselves, there's no independant verification that the country of Zimbabwe is anything but a hoax


teeedubb

The cross hairs are not visible whatsoever, this is even more blatant than the moon landing hoax.


Butter-Brain

Sold to cover brokerage, now it can 🚀


PowerBottomBear92

Users are so hard up on the 'Bets that they have to sell to cover $20 in brokerage fees. Sad!


Butter-Brain

☢️ bois going green into the weekend,big months ahead.


SunkDestroyer

Let’s go ☢️☢️


AltruisticCurtains

Today's instalment courtesy of Bloomberg: **YOLO Stock Bulls Say Wake Me When Fed Tightening Starts to Bite** Never ones for nuance, equity traders have apparently gotten bored waiting for higher interest rates to make their presence known in the economy. How else to explain the last few weeks in markets, a period in which increasingly thorny warnings from the Federal Reserve have done nothing to limit the spirit of bulls bent on celebrating buoyant earnings and economic reports? While the S&P 500’s performance over the last five days was virtually flat compared with the previous two weeks, neither did the market give those gains back -- a notable achievement given Friday’s roaring jobs report that stoked bets on faster tightening. Even before that, the message from a wave of officials was clear. The central bank is “nowhere near” being almost done cracking down on inflation, San Francisco’s Mary Daly said. Cleveland’s Loretta Mester is looking for persuasive evidence price pressures are moderating and Chicago’s Charles Evans said policy makers were a few reports away from seeing the kind of data that would make them think they’re on the right track. Treasury investors took the hint, sending yields spiking higher, but the S&P 500, with a 0.4% advance, eked out its third straight weekly gain, while the Nasdaq 100 added 2%. “The market is basically saying to the Fed, ‘You’re not going to have to go as far as you think you do,’ and also, ‘You might have to start reversing course much sooner than you think you have to,’” Katie Nixon, chief investment officer at Northern Trust Wealth Management, said in an interview with Bloomberg Radio. “Is it sustainable in the face of a Fed that appears to be hell-bent on not stopping not stopping?” All week, investors looked at various releases that pointed to a still-strong economy and plateauing inflation readings, and took them to mean the Fed might be able to tame inflation without crushing the economy. Corporate earnings results have been strong, and analyst estimates suggest profits from S&P 500 can grow in the second half, as well. Data out Friday showed US employers added more jobs in July than estimated and the unemployment rate dropped to a five-decade low of 3.5%. That report brought signs of strong wage growth, but Northern Trust’s Nixon says the leveling off of some other inflation data is what’s giving investors confidence to fight the Fed. She cites commodities prices, including a drop in oil -- where West Texas Intermediate this week fell below $90 a barrel for the first time since Russia invaded Ukraine -- as well as data released by the Institute for Supply Management that showed sharp declines in measures of prices paid by both service providers and manufacturers in July. “So you’re seeing this broadly based plateauing, if not falling, in the inflation data,” she said. The bond market took a different signal from the data, one that says the economy and labor market are strong enough that the Fed will need to administer more and bigger rate increases -- sooner rather than later. Yields on 2-year Treasuries surged by more than 20 basis points on Friday alone. Swap contracts now show that another three-quarter percent hike is likelier than half at the Fed’s meeting in September. Finding bears to throw cold water on the stock market’s rebound from its June lows isn’t hard, though. One big argument holds that even though recent data show a still-robust economy, central-bank policy takes time to work. The jobs data is lagging, which shows the economy likely isn’t in a recession right now, “but it doesn’t mean that we’re not going to slow down,” Keith Lerner, co-chief investment officer at Truist Advisory Services, said by phone. “It’s going to take time for all this tightening to work its way in. We think the risk-reward, from a market standpoint, is less favorable.”


yothuyindi

Still feel like we're going to be in a bit of a "fake economy" for another 6 months or so yet given all these recent earnings are reporting on past periods where rates impacts haven't truly been felt economically


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Polite_Jello_377

AMC


nohorncap

???


Nevelo

Barry: Say hello to my little friend! ^(🌈🐻)


BuiltDifferant

I find myself making less purchases and trades as I used too. I’m not using bigger figures. I use to just buy 1-3k Now my risk tolerance has adjusted and I’m comfortable dipping 10k Hopefully this fy is profitable for everyone. Just went through last years and I lost probs $500 lol


plucky26

>I find myself making less purchases and trades as I used too tell me about it.


BuiltDifferant

Maybe we’re just broke lol


plucky26

ouch. painful reality of being a gambling addict. 😅


Polite_Jello_377

Wait til your tolerance adjusts to punting $100k on some speccy that’s been in suspension for months


tokenofficeblackguy

It’s AVZ isn’t it


Polite_Jello_377

HNR


sneakycutler

Polite jello ... same person as rude jello? fr


Polite_Jello_377

Rude Jello got permabanned


tsaund1974

Ooohhh!!! Good story or bad bet?


SatansFriendlyCat

This is now an exciting experiment to see if nominative determinism holds any sway over you.


Polite_Jello_377

If I knew how to read, I’d be very upset


SatansFriendlyCat

You have the right idea. Never let them know you can read, they'll only make you do paperwork on top of everything else.


sneakycutler

For making too much gains?


Polite_Jello_377

An illegal amount of gains


BuiltDifferant

I just need to make a 100k first haha. Sell me house 😅


plucky26

house prices could go side ways for abit.


BuiltDifferant

Yeah I agree I don’t think it’ll just be some massive dump Maybe 10 percent down then trade sideways


Fish-n-chups

I’m the exact opposite! I use a platform where trades are basically free so end up setting strings of smaller buy (or sell) orders at 5% increments. Ride the waves rather than having to hit a certain all-in SP. Whatever works though right? Key for me is having a system that means I don’t have to fresh app every 10 min. Set a plan and get on with life.


BuiltDifferant

Yeah whatever works. That bloke on twitter longhorn seems to do well, but he has losses too. I think for day trading just searching up us market movers and making sure Dow and nasdaq are quite green. Then buying similar asx stocks with a stop loss can be profitable.


plucky26

Im aware of some people watching the market sentiment and then doing long and shorts if the market sentiment is negative in a stock they like. Some constantly look for patterns and try their luck.


nohorncap

Yeah he does, but he’s also in the game full time, has been mentored, and does his homework. There’s a podcast on him if you’re after more. (and yes, I have not made a million in trades, hence the opposing username).


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FrankGrimesss

Bullish on eggs benedict.


Big_Package2650

Egg fart futures are up


cameltrowe

Gold back under $1800 🤡


Calm_Lengths

Don't worry it'll test $2000 soon🚀


BuiltDifferant

Just the hopium I need