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Kevvinn Private ID: 151604372
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    Kevvinn commented on
    With all the recent bank turmoil and bank runs, it's a good reminder to be cautious with our money. It's important to remember that the modern banking system is based on fractional banking, which means banks are heavily leveraged.
    For example, let's say you deposit $100 into your bank account. The bank only needs to keep a fraction of that deposit (let's say 10%) in reserve, and can lend out the remaining $90 to other customers.
    This is how banks make money, by charging interest on loans. But ...
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    Kevvinn commented on
    "Feeling frustrated that Commsec is discontinuing their international trading service for Hong Kong stocks. As an investor, it's important to be able to access the HK markets since they give you access to such a variety of companies. I managed to make a very decent profit doing short term in and out during the whole political tension game. I'm already researching other brokers that offer Hong Kong market trading and right now it seems like moomoo might be the best one. Here's to finding a new br...
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    Kevvinn commented on
    So I just received an email from Stake, my current broker. Its saying they are going to increase the fee to $3 per trade up to 30k?? I got suckered in before by the slick marketing but I found out that I'm paying0.5% each time I convert my currency to buy US stocks.
    Got to say it's really a bad news for users like me. High fees charged by brokers not only reduced returns, but also like limitations on trading. That makes it difficult for us to execute trades freq...
    Stake going to increase the fee??
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    Following a sell-off in US government bonds, Australian treasuries are surging with the 10-year up 12 basis points to 2.69 per cent. Financial stocks are poised to benefit from rising yields as the central bank looks to combat inflation through hiking interest rates.
    $CommBank (CBA.AU)$ are leading the major banks up 1.2 per cent with $Westpac Banking Corp (WBC.AU)$ adding the least by 0.9 per cent.
    Another ASX dividend share for investors to consider is banking giant, CBA.
    The team at Bell Potter believe Australia’s largest bank could be a quality option for income investors. It currently has a buy rating and $108.00 price target on the bank’s shares.
    The broker is positive on $CommBank (CBA.AU)$ due to its strategic strengths of scale, brand, and diversification, which are supported by an irreplaceable infrastructure comprising over 1,100 branches, 3,800 Australia Post agencies, and nearl...
    As companies continue to exit business deals with Russia, Amcor (ASX:AMC) fell 0.7 per cent to $15.40. Bluescope (ASX:BSL) rose 3.5 per cent to $20.68 and Alumina (ASX:AWC) lifted 0.3 per cent to $2.00 following the federal government's ban on aluminium on Sunday night.
    Major banks finished higher, led by Macquarie (ASX:MQG), up 1.3 per cent to $197.58. National Australia Bank (ASX:NAB) rose 1.1 per cent to $31.23, $CommBank (CBA.AU)$ adde...
    The Westpac share price has dropped nearly 4% in the last year but has surged nearly 11% year to date.
    For perspective, the $S&P/ASX 200 (.XJO.AU)$ has returned almost 9% over the past year.
    The company has a market capitalisation of about $82.6 billion. $Westpac Banking Corp (WBC.AU)$
    The global tech wreck, along with a collapse in buy-now-pay-later stocks locally, has seen $Zip (Z1P.AU)$ shares fall towards post-pandemic lows with the stock down roughly 80% in the past year. While the company faces headwinds from higher interest rates and potentially weaker profits from increasing bad debts, the technicals point to a looming bounce for the stock. Although in a primary downtrend, the weekly RSI is heavily oversold, and the signal line is suggesting slowing downside momentum. ...
    The Zip share price has just hit another 52-week low
    It is currently down 6%, though it’s down 66% in 2022 so far
    Zip recently reported its HY22 result and also is trying to buy Sezzle
    The Zip Co Ltd $ZipRecruiter (ZIP.US)$ $Zip (Z1P.AU)$ share price is currently down 6% . This means the buy now, pay later (BNPL) player has hit another 52-week low.
    Zip has seen its shares decline by 66% since the start of 2022. It has fallen more than 80% over the past y...
    Zip share price down 6% to another 52-week low
    Australia and New Zealand Banking Group’s share price has fallen over 3% year-to-date (YTD). In the past one year, the stock has fallen nearly 5%. The stock is down nearly 3% in the past month.
    The bank announced an 8 bps fall in the group NIM for the quarter in the three months to 31 December 2022. The underlying NIM was down 5 bps. $ANZ Group Holdings Ltd (ANZ.AU)$