Posts

Can you learn about share trading by playing the ASX Sharemarket Game?

Twice a year, the Australian Stock Exchange (ASX) runs a Sharemarket Game (I’ll call it ‘The Game’ from here on in). There’s a public version for any adult and a school version for students. I’ve played it several times and I’ve sucked at it. The photo at the top of this post is how my portfolio performed the last time I played.

This has been a conundrum for me, given my real life experience with shares has mostly been successful.

I have gone back to my engineering training and done a root cause analysis (RCA) on why I can’t seem to do well at this game. I won’t bore you with the RCA diagram. I’ll skip straight to the bottom line, the root cause of my problem, and it is this:

I am lazy. Read more

Correction, Recession or Depression?

By Lacey Filipich BEng(Hons) MAICD Cert Gov (NFP)

It’s official – China is not indestructible. The 8%+ growth machine has faltered, sending shock waves around the globe. In our own backyard, we’ve seen a sharp decline in the stock market then a small recovery (today anyway). The Australian dollar has plummeted causing widespread happiness for our nation’s export businesses, and my ASX Sharegame portfolio has gone to pot.

So is this the start of Global Financial Crisis version 2.0 (GFC v2.0), or just a to-be-expected blip in the heartbeat of finance?

And whatever the answer, what should investors be doing right now? Read more