Yes we had a bad run with my new strategy the last 2 or 3 weeks….strike rate once again was on song at 21% , no worries there, but the average dividend let us down. February is actually a slight profit but the stock market after hitting it’s highest level ever is now reacting violently to corona virus worries and down 10% and still falling. Some of the every best stocks are down over 25%.
My self managed fund has recently invested in coking coal. It has been written down over 100% in the past 12 months and today they announced the equivalent of 8% and announced expected earnings way up. It goes to show people simply don’t do enough research. New Hope is down 67% but still has an operating life of more than 30 years.
I have been buying today, mainly fintech stocks. These are stocks that are internet based banking companies, mainly in loans. Ironically they borrow from the major banks at around 4% and lend it out at 8% or more whereas the major banks lend to businesses at 12% . So there’s a 50% margin to start with and very little work required from their side to assess the loan (it’s more or less automatic) and approve it.
Wouldn’t you love to have the same automation with horse racing. But you can’t. If you are serious you find your selections, vet them and then seek the best possible price. Mostly Best Of The Best will be the one but apart form some Metro venues on Saturdays, no-one offers this product except vicbet.com.
7 meetings today including the Launceston Cup meeting so we hope you enjoy the day.