February 17 Update – Trevor Thompson

I have to admit an epic fail! I posted a while back that stopping clients doing something stupid was one the biggest value adds an adviser offers. Well in case you werent watching the markets, January was a bad month, down we went. So a retiree who invested early Jan was sitting on a small loss early Feb and despite all my best efforts I couldnt stop him from panicking and cashing it all in. And since that day the markets have gone up and up.

This afternoon’s broker report

“Monday 17 February – The Australian market opened strong and continued to grow throughout the day despite major players shedding points after going ex-dividend. More than 10% of all stocks finished the day close to their year highs. All sectors performed positively with the exception of consumer staples. The Aussie dollar fell against most major currencies.

The All Ordinaries gained 27.90 points (0.52%) to 5,394.80 while the S&P/ASX 200 gained 26.60 points (0.50%) to 5,382.90”

Back to the learning point. Buy in high, sell out low, repeat until BROKE!

By Trevor Thompson. 


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