Category: Stock Market

The Lynas Rare Earths Ltd (ASX: LYC) share price fell 4.6% on Friday, now down 24.6% over the past six months.

Shares of the rare earth mining company finished Friday at $8.30 each. During the session, they made an intraday high of $8.68 each.

The S&P/ASX 200 Materials Index (ASX: XMJ) has declined less over the past six months, losing 14.89%.

So the Lynas share price has clearly been sold off. The question is whether investors should fill their bags with the company’s shares or not?

Recently Lynas was put under a bullish spotlight courtesy of a broker. Let’s find out what they said.

What did the broker say?

Lynas was named among five ASX rare earth production shares by Datt Capital chief investment officer Emanuel Datt as being hot picks, as the Motley Fool reported previously.

These rare earth companies were chosen due to the rising geopolitical tensions between China and the West.

Datt said:

Should the Taiwan situation worsen and/or should China use force to control Taiwan, it’s likely there will be sanctions on goods sold to China and restrictions of the supply of strategic materials exported by China.

Datt continued:

China produces around 80% of the rare earth elements globally. And given their critical nature in the production of a wide range of modern technologies, a logical first step would be China restricting this supply to the rest of the world in which it is in disagreement.

Besides recommending Lynas, it was also reported that Datt personally bought an undisclosed amount of Lynas shares, cementing his opinion that the company is the “gold standard” of rare earth producers.

Lynas reported its earnings Friday last week, which sent its share price soaring on 244% gains, amid my Fool colleague Tony observing “revenue, net profit and earnings all made massive leaps”.

Lynas Rare Earths share price snapshot

The Lynas share price is down 24.8% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is only down 10% over the same period.

The company’s market capitalisation is $7.85 billion.

The post Should investors ‘buy the dip’ in Lynas shares right now? appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX rare earths share is rocketing 13% on a ‘resounding success’. Hint: not Lynas
• Down 24% since April, have investors fallen out of love with Lynas shares?
• Top ASX shares to buy in September 2022
• 5 ASX shares that could rocket from a rare earths crisis: expert
• Guess which ASX All Ords share rocketed 15% on a rare earths deal with Twiggy Forrest

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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S&P/ASX 200 Index (ASX: XJO) investors could be feeling wary of an article posted by Grantham, Mayo, & van Otterloo (GMO) co-founder and chief investment strategist Jeremy Grantham on Wednesday this week.

Grantham has a track record of successfully predicting financial crises. He predicted the dot-com bubble in the 90s and the subprime mortgage crisis that occurred in 2007.

Grantham stated that the United States stock market, as well as the economy in general, is in a “superbubble”. He cited the expensive valuations of most types of assets, including stocks, bonds, housing, and commodities. He called them “critically overpriced and now rapidly losing momentum”.

These premium valuations, combined with a perceived bear market rally for the S&P 500 in June, and deteriorating fundamentals of the economy, foreshadowed previous superbubble explosions.

He said the headwinds of COVID-19, the invasion of Ukraine, inflation, and supply chain shortages would undermine the fundamentals of shares, with rising interest rates and commodity shocks rocking the boat further.

Grantham stated today’s superbubble consists of several dangerous elements observed from the collapse of previous superbubbles. He said: “If history repeats, the play will once again be a Tragedy. We must hope this time for a minor one.”

So, should ASX 200 investors be worried about a stock market crash in the US and subsequently in Australia?

Alternative points of view

Not all experts are convinced by Grantham’s doom and gloom scenario. In fact, many question whether it’s possible to know if an asset bubble actually exists in the first place.

This includes Motley Fool chief investment officer Scott Phillips who, in response to Grantham’s article, said:

Is there a bubble? Realistically, no-one knows. Sometimes high prices are bubbles in hindsight. The tech crash of 1999/2000 is a great example. Other times, they simply reflect optimism that ends up being well-placed. How can you tell? You can’t.

I’m not going to tell you there’s no chance we’re in a bubble — that’s as impossible as saying we definitely are… and around and around we go. And so? Well, if you can’t know when we’re in a bubble — and similarly, you can’t know when a slump will end — I think the best option is to fall back on the investor’s friend — dollar cost averaging.

Sure, I’d love to know if we were, but because I can’t, I focus on what I can control: regular saving and investing; being diversified and choosing my investments well, and letting time do the work.

Furthermore, Grantham provides some falsifiability to his thesis of the impending crisis, noting:

If the bear market has already ended, the parallels with the three other U.S. superbubbles – so far so strangely in line – would be completely broken. This is always possible.

The arguments against

As my US Fool colleague, Keith Speights, noted on Monday, the S&P 500 is technically not in a bear market just yet. That’s based on the standard barometer of the index losing a minimum of 20% from the recent high. However, the NASDAQ does meet this criterion.

So Grantham’s thesis could turn out to be correct but a large part of it hinges on the presence of a bear market. That hasn’t been proven yet for the world’s most important stock index. Therefore, his conclusion that a massive asset bubble is about to burst is also missing one of its key assumptions.

Furthermore, my colleague Speights also noted that July data suggests that US inflation has possibly peaked. It observed a decline in house and gas prices, which takes the pressure off stocks.

Lastly, Speights also penned that stocks could be entering a new bull market rather than a bear market rally. This is based on analysing previous bear markets and seeing encouraging signs of inflation abating in the country.

The post Should ASX investors worry about this expert’s stock market crash prediction? appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• Experts name 2 top ASX dividend shares to buy next week
• 2 exciting ETFs named as buys by experts
• 2 small cap ASX shares that analysts rate as buys
• Why did the Dogecoin price tumble 12% in August?

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Macquarie Group Ltd (ASX: MQG)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and increased their price target on this investment bank’s shares to $231.00. Morgan Stanley has upgraded its earnings estimates for FY 2023 to reflect favourable trading conditions. This is particularly the case for Macquarie’s commodity business, which the broker believes is benefiting from US gas prices. The Macquarie share price ended the week at $177.20.

Megaport Ltd (ASX: MP1)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $11.00 price target on this network as a service company. Macquarie has been busy reviewing the technology sector following earnings season. It was impressed enough with Megaport to name it as its new top pick in the sector. The broker believes the market isn’t giving enough credit to the stickiness of Megaport’s product. The Megaport share price was fetching $6.91 at Friday’s close.

REA Group Limited (ASX: REA)

Analysts at Goldman Sachs have reiterated their conviction buy rating and $164.00 price target on this property listing company’s shares. Goldman Sachs has also been looking at the tech sector following earnings season. It was pleased with REA and continues to rate it as a conviction buy. The broker is forecasting solid earnings growth in the coming years. For example, in FY 2023 and FY 2024, Goldman is expecting net profit growth of almost 10% and 18%, respectively. from REA. The REA share price ended the week at $123.77.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• Is this why the Macquarie share price was ‘steaming ahead’ on Friday?
• Brokers name 3 ASX shares to buy today
• Here are the top 10 ASX 200 shares today
• Why Dexus, Dusk, Macquarie, and Qantas shares are pushing higher
• It’s a cloudy day on the ASX, but some All Ords shares are still shining brightly

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO, Macquarie Group Limited, and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Are you looking for dividend shares to add to your income portfolio next week? If you are, then the two listed below could be top options.

Analysts have recently rated these dividend shares as buys. Here’s why they rate them highly:

GQG Partners Inc (ASX: GQG)

The first ASX dividend share that has been tipped as a buy is fund manager GQG.

The team at Goldman Sachs are positive on the company due to its strong investment performance, low fees, and attractive valuation. In respect to fees, Goldman highlights that GQG is in the lowest quartile among global peers. The broker also likes that GQG’s co-founders have the majority of their net wealth invested in the company and its investment strategies.

Another positive is the attractive yield on offer with its shares. Goldman is forecasting dividends per share of 8 cents in FY 2022 and 9 cents in FY 2023. Based on the current GQG share price of $1.56, this will mean yields of 5.1% and 5.8%, respectively.

The broker also sees decent upside for its shares with its buy rating and $1.92 price target.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share that has been tipped as a buy is Wesfarmers. It is the conglomerate behind a range of businesses such as Bunnings, Catch, Covalent Lithium, Kmart, Officeworks, and Priceline.

The team at Morgans remains very positive on the company. Particularly after Wesfarmers delivered a full year result that was “comfortably above expectations” last week.

Outside this, the broker likes the company due to its valuation. At 22x estimated FY 2023 earnings, the broker believes this is attractive for “a high-quality business with a diversified group of retail and industrial brands, solid balance sheet and strong leadership team.”

As for dividends, the broker is forecasting fully franked dividends per share $1.82 in FY 2022 and $1.89 in FY 2024. Based on the current Wesfarmers share price of $46.71, this will mean yields of 3.9% and 4%, respectively.

Morgans has an add rating and $55.60 price target on Wesfarmers’ shares.

The post Experts name 2 top ASX dividend shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• How did ASX 200 dividend shares stack up in August?
• How I’d invest $20,000 in ASX shares today if I had to start from scratch
• Why is the Wesfarmers share price sliding lower on Wednesday?
• 5 things to watch on the ASX 200 on Wednesday
• Hoping to bag the next Wesfarmers dividend? Here’s what you need to do

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re wanting to buy some exchange traded funds (ETFs), then you certainly have a lot of options.

But which ones could be buys? Two that have been tipped as buys by analysts are listed below. Here’s what they are saying about them:

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

If you’re wanting to get some exposure to the decarbonisation megatrend, then the ETFS Battery Tech & Lithium ETF could be one way to do it.

This popular ETF allows investors to buy a slice of companies involved in battery technology, electric vehicles, and lithium mining. This includes BYD, Mineral Resources Limited (ASX: MIN), Pilbara Minerals Ltd (ASX: PLS), Nissan, and Renault.

Jessica Amir from Saxo Markets is positive on the ETF. Especially for investors that aren’t keen on stock picking in the lithium sector. She commented:

If stock picking is not for you, and if you believe, like we do, that the electric vehicle industry and the critical minerals/ commodities will continue to see rising demand, and policy support, and also benefit from the world striving to be carbon neutral by 2050, then you could invest or trade in Global X Lithium & Battery Tech ETF (LIT) or ETFS Battery Tech & Lithium ETF (ACDC) that invests in about 30 of the biggest EV and battery technology companies in the world.

ETFS S&P Biotech ETF (ASX: CURE)

Another ETF that has been tipped as a buy is the ETFS S&P Biotech ETF. As its name implies, this ETF gives investors access to U.S. healthcare biotechnology companies.

The fund manager notes that these companies are engaged in the research, development and manufacturing of products based on genetic analysis and genetic engineering. This includes the development of immunotherapy treatments and vaccines to treat human diseases.

Among its largest holdings are ChemoCentryx, Global Blood Therapeutics, and Twist Bioscience.

Felicity Thomas from Shaw & Partners is a fan of the ETF. She recently told Livewire:

I like to buy ETFs for the long term. We have an ageing population, and what’s the most important thing in the world? Your health. Biotech, healthcare, and life sciences, that’s where you want to be invested over the next couple of decades.

The post 2 exciting ETFs named as buys by experts appeared first on The Motley Fool Australia.

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More reading

• Experts say these top ETFs are buys right now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Investing in the small side of the share market carries more risk than other areas.

But if your tolerance for risk allows for it, having a bit of exposure to this side of the market could be a boost for a balanced portfolio.

This is due to the potential returns on offer from promising small caps. If you can catch a small cap before it becomes a mid cap or even a large cap, the returns could be sensational.

With that in mind, here are two small cap ASX shares that analysts rate highly:

Airtasker Ltd (ASX: ART)

The first small cap ASX share that has been named as a buy is Airtasker.

It is growing online marketplace for local services with an estimated total addressable market of $600 billion across Australia, the UK, and the US.

Morgans is a big fan of the company. This is due to this significant market opportunity and its attractive business model. The broker also highlights that the company is operating in a market that is in the early stages of ecommerce adoption. It feels this puts Airtasker in a great position to benefit as the shift accelerates.

At the end of July, the broker retained its add rating with a trimmed price target of $1.25. This is more than double the current Airtasker share price.

PlaySide Studios Limited (ASX: PLY)

Another small cap ASX share that has been tipped as a buy is PlaySide Studios.

It is one of the largest video game developers in the ANZ region. Playside has developed a portfolio of games independently and in collaboration with studios such as Disney, Pixar, Warner Bros, and Nickelodeon.

In addition, over the last couple of years, the company has signed a number of work for hire deals with games publishing giants including 2K Games and Activision Blizzard. This could see the company work on some major titles for these gaming giants, which has the potential to give its reputation a huge boost and support further work for hire contract wins.

Last week, analysts at Ord Minnett retained their speculative buy rating and 85 cents price target. Based on the latest Playside share price of 67.5 cents, this implies potential upside of 26% for investors.

The post 2 small cap ASX shares that analysts rate as buys appeared first on The Motley Fool Australia.

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More reading

• How I’d invest $20,000 in ASX shares today if I had to start from scratch
• Airtasker share price slides 5% on net loss
• Why I think these 2 ASX shares are bargain buys
• Revenue up 169%: 2 ASX tech shares showing explosive growth
• 2 exciting small cap ASX shares to buy according to brokers

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Dogecoin (CRYPTO: DOGE) price is up 2.5% over the past 24 hours, currently trading for 6.25 US cents.

At that price, the crypto, which was created as a joke and features a Shiba Inu as its mascot, has a market cap of US$8.3 billion. This makes it the tenth biggest crypto in virtual circulation, according to CoinMarketCap. And that’s after falling 64% year to date.

There’s today’s price action for you.

Now, how did the Dogecoin price hold up in August, a month that saw the tech-heavy NASDAQ fall 4.6%?

Dogecoin price battered by rising interest rate outlook

Depending somewhat on your time zone, the Dogecoin price stood at 7.09 US cents as we ticked our calendars over to August.

By the time the clock struck midnight on 31 August, the dog-themed crypto was trading for 6.29 US cents, down 12.3% for the month. While nothing to cheer about, that performance did edge out the 14.8% losses posted by Bitcoin (CRYPTO: BTC) last month.

Investors holding the crypto throughout the month would have had to stomach plenty of volatility. Though that’s nothing new in the crypto sphere.

August saw the Dogecoin price trade as low as 6.02 US cents and as high as 8.86 US cents. A far cry from the all-time high of 73.76 US cents it hit on 8 May 2021.

As with Bitcoin and most other cryptos, the Dogecoin price struggled last month as investors were met with the reality that inflation across most of the globe isn’t likely to return to within central banks’ target ranges in quick order.

With the United States Federal Reserve and other central banks, including the Reserve Bank of Australia, flagging additional sizeable rate hikes in the months ahead to curb soaring prices, risk assets were broadly sold off across the board.

Dogecoin was no exception.

The post Why did the Dogecoin price tumble 12% in August? appeared first on The Motley Fool Australia.

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More reading

• The Bitcoin price tanked 15% in August. Here’s why
• Why the Bitcoin price was struggling today
• Why Ethereum, Dogecoin, and Solana lost altitude on Thursday
• Bitcoin price resilience ‘could be a promising sign’: expert
• Can the Bitcoin price reach $100,000?

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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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 two ASX shares that are listed below:

Aristocrat Leisure Limited (ASX: ALL)

This gaming technology company has made its shareholders smile over the last 10 years. During this time, Aristocrat’s shares have smashed the market thanks to its strong earnings growth which has been driven by its leadership position in the poker machine market and expansion into digital gaming through several major acquisitions.

And with these businesses continuing to perform strongly and management intending to expand into the emerging real money gaming market, shareholders will no doubt be hoping for more of the same over the next decade.

During the last decade, Aristocrat’s shares have generated an average total return of 30.4% per annum. This would have turned a $20,000 investment into ~$285,000.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

This pizza chain operator has been one of the best performers on the Australian share market over the last decade. This has been driven by the company’s aggressive expansion in Australia and internationally, which has underpinned stellar earnings and sales growth.

A decade ago, the company was operating approximately 1,000 stores. Last month, it revealed that it opened over five new stores a week in FY 2022, bringing its total to 3,387 stores. But management doesn’t expect to stop there. Not a chance! It is now targeting 7,250 stores by 2033. This could mean further strong gains over the next decade for investors if management executes this expansion successful.

As for the last decade, Domino’s shares have generated an average total return of 22.2% per annum. This would have turned a $20,000 investment into just under $150,000.

The post $20,000 invested in these ASX shares 10 years ago is worth how much now? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX shares to buy after reporting season (and a sector to avoid): expert
• Reason for hope as ‘worst month of the year’ starts off badly
• Here are 3 ASX 200 shares trading ex-dividend today
• 3 top ASX growth shares analysts rate as buys
• Brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Can the Medibank Private Ltd (ASX: MPL) share price really deliver both capital growth and healthy dividends going forward? Good question.

Looking at this ASX 200 health insurance share’s past performance, one might be forgiven for just assuming so. Since it was privatised back in late 2014, the Medibank share price has risen a robust 70% or so.

That works out to be a rough compounded annual growth rate of almost 7% per annum.

But Medibank has also delivered some pleasing dividend performance since it floated on the ASX as well.

In 2015, the company paid out a total of 5.3 cents per share in dividends. But Medibank spent the next few years ratcheting this up, and by 2019, it was doling out an annual dividend worth 15.6 cents per share.

The company’s payouts have taken a COVID-induced hit in recent years. But even so, Medibank doles out a total of 12.7 cents per share in 2021.

Its latest dividend, the final payment that investors will receive on 29 September, will be worth 7.3 cents per share. That’s a pleasing 5.8% rise over last year’s final dividend of 6.9 cents per share.

But, as any investor worth their salt knows, past performance is no guarantee of future success.

So what are the chances of Medibank continuing to deliver both healthy growth and dividends going forward?

Is the Medibank share price poised to deliver both growth and dividends?

Well, yes. That’s the view of at least one ASX broker anyway.

As my Fool colleague James covered this morning, ASX broker Citi has just come out with a buy rating for Medibank shares. Citi has given Medibank a 12-month share price target of $4. That implies a potential upside of around 8.5% over the coming year.

Citi’s bullishness comes from a positive reading of Medibank’s latest earnings report, which covered FY22. It reckons higher interest rates going forward will assist the company’s performance over FY23. So that’s share price growth covered.

But Citi is also expecting the dividends from Medibank to keep on coming as well. The broker is pencilling in dividends of 15.9 cents per share covering FY23 and 16,3 cents per share for FY24.

So yes, Citi is expecting both share price growth and higher dividends from Medibank Private shares going forward. But, time will only tell if these predictions prove accurate.

In the meantime, the current Medibank share price gives this ASX 200 insurer a market capitalisation of $10.16 billion, with a dividend yield of 3.63%.

The post Can the Medibank share price deliver healthy growth and dividends? appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/Wa52NCb

Can you believe it’s September already? How fast has 2022 gone!

Unfortunately for investors, statistically September is a shocker for ASX shares.

In fact, all of spring is historically a bit of a dud, before fortunes turn around in December for the Santa Rally.

As The Motley Fool’s Bruce Jackson noted, the S&P/ASX 200 Index (ASX: XJO) fell right on cue on the first day of September this week. The flagship index ended up 1.79% lower after Thursday’s session.

So what are we all going to do with our ASX shares?

Some experts have a few ideas:

‘This September will be this September’

Marcus Today founder Marcus Padley went through the last 40 years of the S&P/ASX All Ordinaries Index (ASX: XAO) to conclude, indeed, that September has been pretty bleak.

In fact, spring is the only season when all three months show negative returns.

“But let me tell you, after many years watching the stock market, that wherever there are numbers there are statistics, and wherever there are statistics there is an attention seeker in the stock market using the past to draw a conclusion about the future,” he posted on Livewire.

“The truth is that there is no conclusion to be drawn about this September from the last 40 Septembers. This September will be this September.”

It’s the old investing axiom that past performance is no indicator of the present or future performance.

Analysts who present historical stats are not doing anything other than “stating facts about the past”, according to Padley.

“And that’s where the value ends. No-one should be investing or disinvesting because of the month of the year,” he said.

“No-one in the professional funds management world makes decisions based on voodoo. Nor should you.”

Five years from now no one will remember what happened

Jackson backed up this sentiment by saying even if this spring also ends up being very volatile, it will “likely pale into insignificance when looked back at in five years’ time”.

“Even the global financial crisis – the most painful period in recent history for investors – is nothing more than a blip in the long upward progression of the stock market.”

And he cautioned investors against trying to seasonally time their transactions of ASX shares.

“In order to profit from market timing, you have to get two decisions right — the selling and the buying. It’s hard enough to get one right let alone two,” said Jackson.

“If you are invested in the stock market, you should look at it as a lifelong endeavour, not one to dip in to and out of depending on your mood, the market’s mood, the economy, the government, or inflation.”

The post If September is so terrible for ASX shares, what should you do? appeared first on The Motley Fool Australia.

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from The Motley Fool Australia https://www.fool.com.au/2022/09/03/if-september-is-so-terrible-for-asx-shares-what-should-you-do/