Why Flight Centre (ASX:FLT) and Webjet (ASX:WEB) shares are being hammered today
Why Flight Centre (ASX:FLT) and Webjet (ASX:WEB) shares are being hammered today
Flight Centre Travel Group Ltd (ASX:FLT) and Webjet Limited (ASX:WEB) shares are falling heavily after an update by Qantas…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.
How to turn $20k into $200,000 with ASX shares
James Mickleboro | May 15, 2021 8:32am |
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I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.
To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today. This time around I have picked out the three ASX shares that are listed below:
This commercial property company has been a market beater over the last decade. This has been thanks to its growing portfolio of warehouses which are predominantly leased to hardware giant Bunnings Warehouse. A combination of inorganic and organic growth through rental increases has supported consistent earnings and distribution growth since 2011. This has led to BWP’s shares providing investors with an average total return of 13% per annum. This means a $20,000 investment 10 years
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Growing pains, or something worse, for Kogan?
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I write about the psychology of investing a lot.
That’s because I think it’s the area of investing most likely to help you succeed – and most likely to be responsible for failure.
Sure, it’s possible that you get your analysis wrong on a given company, or even a whole sector.
But that error is unlikely to cost you all that much, in the overall scheme of things… if you get the psychology of investing right.
See, the basics are straightforward:
– Diversify.
We can add more, of course, but that’s the basics.
-5.58% - Challenger Ltd (CGF.AX)
ASX 200 was on track for its worst close in two month’s yesterday, dragged down by technology and energy stocks. Yet it managed to recoup losses in the second half of the session to close just -0.3% down for the day, leaving a bullish hammer in its wake. Given the positive lead from Wall Street overnight and recovery on the ASX 200, we could be in for less severe start to today’s session.
Whilst the bullish hammer is larger than we’d like, there are key levels nearby which may help splice it up into a more manageable size. Note the lower wick (buying tail) pushed prices back above the 20-day eMA, prior record high and 6957 swing low, which provides a potential support zone between 6938 – 6957. It also suggests strong buying demand above 6900.