From today’s Age. Brokers are apparently whinging about having to do a compliance (read competency) test to stay in the industry. Find me an industry that doesn’t require some form of test of competency to be in it. Some of the nation’s most prominent stockbroking firms are railing against a mandatory ethics test that has…
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One of the mistakes that new traders make is they hold the belief that the market will give them a salary much the same as any other employer would. When in fact the reality is very different – returns from markets are very lumpy and in part, I think it is this staccato nature of…
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As last year drew to a close and Christmas loomed large on the horizon I sat down with Bushy Martin of the Get Invested podcast series to reflect on the year that was and offer my thoughts on the year to come. Click this link to be taken to the episode.
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I have many annoyances with the way markets are presented to people and what may or may not be essential for trading success. I only know three things about trading. If it is trending up buy it, if it trending down sell it, and don’t bet the farm. Everything else is fluff. One of the…
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Macquarie Group has paid $6 million to settle a five-year legal dispute with Ballarat businessman Brendan James who accused its investment advisers of artificially inflating the price of a small mining company and encouraging him to buy more shares when it proved to be worthless. An adviser at the nation’s largest investment bank then sold…
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Two Macquarie Group executives repeatedly drugged a colleague with valium and laxatives during a business trip to South America in a “malicious” attempt to discredit him. Within hours of the dangerous prank, several photographs of the unconscious man had been emailed from Chile to Australia, where they were circulated among Macquarie stockbrokers in Melbourne and…
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It has been sometime since I took a look at some of the internal metrics of the local market, I haven’t done it simply because I am not sure of the usefulness of the information. Anytime you add something to your trading system or market perspective you have to be certain that it is adding…
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This snippet popped up on my Linkedin feed last week as a single headline – I didn’t know where it was from but eventually tracked it down to the AFR. As you can see it trumpeted the fact that the Australian market is one of the highest yielding in the world. I have to admit…
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Apparently Australian Stock Report is circulating a petition to ban short selling. The rationale for this is as follows – Recently, we have seen billions of dollars wiped from global and Australian equities markets in part due to the practice of Short Selling. This predatory trading technique is often executed in conjunction with algorithmic “bot trading”…
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