Today's ASX news
Is Cash The Best Defence Against Share Market Declines?
If the share market is declining, is cash the best defence? Is cash truly king in that situation?
October 26, 2019
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
If the share market is declining, is cash the best defence? Is cash truly king in that situation?
Washington H. Soul Pattinson (ASX:SOL) has started investing in a new sector and it has made me even more comfortable about buying shares.
The Carsales.Com Ltd (ASX:CAR) share price went up over 5% in response to the company’s FY20 outlook give at the annual general meeting (AGM).
The Resolute Mining (ASX:RSG) share price increased by over 9% today, making it on of today’s best gaining shares.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.64% at lunch.
Insurance Australia Group (ASX:IAG) has updated the market about its FY20 outlook at its annual general meeting (AGM).
The Cleanaway (ASX:CWY) share price has fallen 20% in early trading after providing some guidance at its annual general meeting (AGM).
The ASX is full of investment opportunities, but I think we can maximise our returns when we pick the shares that are trading at good value, whether we’re investing with $1,000 or $10,000.
Adairs (ASX: ADH) has released a trading update as part of its annual general meeting (AGM).
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