Last i looked MET, RYM and SUM are all roughly 10% off their highs .
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Last i looked MET, RYM and SUM are all roughly 10% off their highs .
If you compare the SP charts for SUM, RYM and MET, depending on the timeframe each of them can look to have performed the best at various times:
1 Year: Best is RYM (+63%), MET & SUM (+30%)
6 months: Best is MET (+26%), then RYM (+11%) and SUM trailing at +6.5%
3 months: Best is SUM (+1%), then RYM (-4%) and MET languishing with -9%
1 month: all a bit sad
SUM closed unchanged today. Which wrapper are you reading?
but you are right, it's been barking recently
Giday..I for one would like to know what the percentages of folk who actually invest in shares as opposed to those who trade in shares like MET SUM RYM...like I mean I suppose its fairly much a given that in time ..its a no brainer..re SP appreciation will occur of these companies....What intrigues me is the amount of comment about the daily fluctuations in share prices.
What am I saying ?. well have investors matured to the point where an investment in shares is viewed as an "investment"...or a "profitable short term trade".
As we know our private debt to the world is virtually totally reliant on overseas dosh suppliers being nice to us.
So ..what is preventing us from being self funding in the way of investing...I understand that "we" have Billions of dollars in bank deposits....Like why would that be...its my belief that most folk have almost nil confidence in our sharemarket as a place to invest money in....WHY WHY....cheers
Troy, let me explain my own circumstances:
I have two accounts, one for long term (the till 'death us do part' account), and a trading account, which for good order is set up as a company, which pays corporate tax on nett trading profits less deductible expenses
over the past few days, I have bought for both accounts, in fact I bought SUM more for the trading account again today
so if it may seem I speak with forked tongue, unfortunately it's true!
I think you will find a disproportionately large number of contributors on SHARETRADER are traders, not long term investors. It's the nature of this beast