ASX newbie

There are specific tax implications that you need to be aware of in relation to whether you are classed as an investor or a trader. If your eyes glaze over at the thought of ‘tax-time’, keep in mind that you owe it to yourself and your family to get yourself in the best possible financial [...]

A bad day for shares again.But did we see a steadying emerge in late US trading?
After bouncing all over the place and mostly in the red, the US markets looked like closing with a small gain, but anther late burst of selling saw the major indexes end off up to 2% or [...]

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Stock Quotes
All Ords 4333.40 chart-36.40
ASX200 4363.50 chart-24.60
NZX50 2929.32 chart-18.99
DJIA 9258.10 chart-189.01
NASDAQ 1740.33 chart-14.55
S&P 500 984.94 chart-11.29
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Is it safe to come out yet? Yesterday the Australian market lost 5%. The euphoria from the Reserve Bank of Australia’s (RBA) rate cut didn’t last long.
The Thunderbirds at the central banks in the US and Europe thought they would try as well. It was an attempt at a coordinated global rescue. But it only [...]

The Commonwealth Bank is now too big to fail now, if ever we ever needed it confirmed
The CBA is buying the Australian assets of struggling UK lender, HBOS at a knockdown cost of $A2.1 billion, and raising $2 billion in fresh capital from the market and shareholders.
HBOS Australia’s main asset is the Perth-based [...]

As the stainless steel industry demand is slowing around the world, Nickel is the worst performer among the collapse of the commodities markets. Indeed, the giant credit crisis added to the global economic slowdown and also to the recovery of the US Dollar weigh strongly on the industrial demand side. The stainless steel industry accounts [...]

The market is having another down day – 107 points or 2.4% lower – despite a Global Coordinated interest rate cut overnight.
US cut rates 0.5% to 2.0% with similar cuts from the European Central Bank, Bank of England, The Bank of Canada, the Swedish Riksbank and the Swiss National Bank. Japan offered support but [...]

A list of companies to record an initial or increase in substantial shareholdings:
Sentient Executive GP II Ltd was the company that bought 15.5% OF VPE SHARES recently.(See my Portfolio.) Again QLD GAS continues to gobble up Sunshine Gas.
* Norges Bank increased its interest in Babcock & Brown
Infrastructure Group on October 1 from 119.8 million [...]

Boom electronics retailer JB Hi-Fi Ltd had a day of wide trading swings yesterday brought about by the early market sell-down, then by a trading update which allowed it to ride the late market surge.
JBH said at 10.54 am that sales in the first quarter of fiscal 2009 were on budget.
That saw the [...]

1% or 100 basis points, they both mean the same thing.
We admit to being surprised that the Reserve Bank of Australia (RBA) decided to cut by a full 1% yesterday. We were even more surprised that the stock market got so excited about it.
Will the rate cut make a difference? If you have a mortgage [...]