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Shares in Imugene Limited (ASX: IMU) continue to be among the most traded shares on the market. Unfortunately for investors, the Immugene share price has been on a heavy losing streak this week, falling 14% in the last 5 days.

Imugene is a clinical stage immuno-oncology company currently developing a range of new treatments that seek to activate the immune system of cancer patients to identify and eradicate tumours.

The company is conducting a number of trials including HER-Vaxx, an immunotherapy to treat tumours that over-express the HER-2/neu receptor, such as gastric, breast, ovarian, lung and pancreatic cancers.

The Imugene share price has been volatile recently, rising from 12 cents in April to a record high of 50 cents at the end of May, more than tripling its value.

June has brought a change in fortune, however, with shares sliding back to their current price of 32.5 cents apiece. With no negative announcements from the company, let’s take a look at what’s been happening recently.

Recent announcements

Since April, the company has released several announcements that have sent the Imugene share price surging higher.

One significant release came on 21 April when Imugene announced that the second clinical endpoint for its HER-Vaxx clinical studies had been met.

On 18 May, Imugene declared it had entered into an agreement with City of Hope, an independent cancer research and treatment centre, to license the patent for its CD19 therapy.

It was a world first, with the technology under the license being an extension of chimeric antigen receptor (CAR) T cell cancer therapy, which has the potential to treat solid cancers. Imugene plans to begin its first clinical trial of CD19 in 2022.

Following that announcement, banking firm FROTH Capital raised the Immugene share price target to 42 cents. This was based on a number of factors, including the projected future revenue of Imugene CHECKvacc, HER-Vaxx, and PD1-Vaxx trials.

With the biotech’s surging share price a likely reflection of its significant announcements in the world of immunology, the latest price drop is a bit of a mystery. It’s possible there could be some profit-selling at play.

The good news today is the Imugene share price is lifting again, up 3.8% trading at 32.5 cents at the time of writing.

The post The Imugene (ASX:IMU) share price has fallen 14% in the last 5 days appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The Fatfish Group Ltd (ASX: FFG) share price has returned from its week-long suspension with a bang.

In early trade, the technology venture company’s shares were up as much as 38% to 10.5 cents.

The Fatfish share price has since eased back but remains up 18.5% to 9 cents at the time of writing.

Why is the Fatfish share price zooming higher?

The Fatfish share price is zooming higher today after the company announced an agreement to acquire BNPL Next for a consideration of A$4.14 million.

The release explains that BNPL Next is a holding company that aims to provide various corporate and consumer financial services in the South East Asia market.

The company also owns a 60% interest in Circopay, which is an Earned Wage Access (EWA) solutions provider allowing employees early access to earned wages. It has raised just over A$1million in funding and secured credit lines of A$5 million to facilitate its EWA services.

Management notes that the Circopay business is in an early growth phase and therefore it is not able to quantify the revenue income for Fatfish as a proposed 60% shareholder. If and when the revenue impact of the Circopay business can be responsibly determined, Fatfish will make further disclosure to the market at that time.

Why acquire BNPL Next?

According to the release, management believes the acquisition of BNPL Next fits into its strategy to invest in and build on emerging global technology trends in digital financing needs. This is especially the case given its existing plan to roll out buy now pay later (BNPL) services across Southeast Asia.

In addition to this, it believes the EWA market is an attractive place to be. This is due to its “win-win nature for both employees and employers.”

Another positive it sees from the deal is the first-mover advantage it gives the company. It notes that as one of the pioneer EWA service providers in Southeast Asia (where a large proportion of the working population have comparatively lower income as well as limited access to financial services), Circopay is poised to capitalise on its first-mover advantage within the region.

Despite today’s strong gain, the Fatfish is down a whopping 79% from its 52-week high.

The post Why the Fatfish (ASX:FFG) share price is rocketing 38% higher today appeared first on The Motley Fool Australia.

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• Fatfish (ASX:FFG) shares in trading halt pending BNPL acquisition

James Mickleboro does not own any shares 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 Bruce Jackson.

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The Syrah Resources Ltd (ASX: SYR) share price is pushing higher on Friday morning.

At the time of writing, the graphite producer’s shares are up 2% to $1.08.

Why is the Syrah share price pushing higher?

Investors have been bidding the Syrah share price higher today after it announced its decision to issue a $28 million (US$22 million) convertible note tranche to AustralianSuper.

This follows the signing of an agreement in December with the super fund, which gave Syrah the option issue convertible notes totalling A$56 million (US$43 million) in two tranches.

While the first $28 million (US$22 million) tranche was not issued earlier this year due to its strong balance sheet position, the second tranche has been issued to support the orderly ramp-up of production at Balama under various market scenarios.

The funds will also be used to maintain project momentum for the proposed expansion of production capacity at its Active Anode Material Facility in Vidalia, USA.

Market conditions improve

The release explains that electric vehicle, anode material and natural graphite market conditions are constructive. This is supporting the ramp-up of production at Balama towards an initial target of 15kt per month.

Though, it stressed that it is continuing to be disciplined in its ramp-up at Balama by considering market demand and leading indicators.

Over in the United States, the Initial Detailed Design for the expansion of production capacity at Vidalia has improved the definition of costs in the Bankable Feasibility Study (BFS). Pleasingly, the estimated capital costs for the construction of a 10ktpa AAM facility at Vidalia remain consistent with the BFS, with the full proposed contingency being maintained.

Syrah’s cash position as at 30 June 2021, which will include proceeds from the note issue, is expected to be US$81 million.

The post Here’s why the Syrah (ASX:SYR) share price is pushing higher today appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares 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 Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

On Thursday, Moderna (NASDAQ: MRNA) announced it has filed for Emergency Use Authorization for its COVID-19 vaccine in adolescents from 12 to 18. If the agency gives Moderna a green light, parents will have another vaccine option beyond Pfizer (NYSE: PFE) and BioNTech‘s (NASDAQ: BNTX) vaccine, which was approved for ages 12 to 18 in May.

The coronavirus can be spread easily, and so far, over 174 million cases and 3.7 million deaths have been attributed to the disease worldwide.

Drugmakers including Moderna have developed vaccines to help prevent severe disease, and over the past few months, governments have made significant progress in vaccinating adult populations. For example, over 304 million COVID vaccine doses have been administered in the U.S., with 52% of Americans having received at least one dose.

The vaccination rate in children is lower, with only 23% of Americans under 18 having received at least one dose, but that rate should improve as more vaccines secure FDA approval. The agency expanded emergency use of Pfizer’s COVID vaccine to include children over 12 last month, and a meeting of its advisory committee to discuss vaccinating adolescents is happening this week. 

Investigators observed no COVID cases in Moderna’s study of patients ages 12 to 18, and safety outcomes were similar to those for adults, suggesting the vaccine could win emergency approval soon.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Moderna files for FDA approval of its COVID vaccine in teens appeared first on The Motley Fool Australia.

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Todd Campbell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Moderna Inc. 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 Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Investing in digital currencies, especially in the extremely hot coins, requires a little bit of industry knowledge and a whole lot of DYOR-ing. Luckily, once you’ve mastered both, you can be on your way to making more thoughtful — and potentially lucrative — decisions in cryptocurrency investments.

With the current crypto market cap looking at an eye-popping $1.5 trillion, and over 10,000 coins to choose from, more and more investors are adding digital currencies to their portfolios. As a result, the days of holding only the Big Two, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are, quite frankly, passé.

In the hope that they’ll strike gold by pulling the trigger on the newest trending altcoin (any coin that is not Bitcoin), many investors rush in, chasing the pump. While I appreciate that new crypto investors are eager and sometimes overly confident, I do believe in being conservative.

That is until you know what you are doing and how you limit your losses. With this in mind, let’s take a deep dive into the trusted hacks that measure any altcoin’s stability. 

The 7 crypto golden rules

Go to the DEX (decentralized exchange) of your choice, and search for coins that have been on your radar. Keep all options open. Otherwise, you might miss out on some real gems. Don’t follow the market. Follow the numbers.

Then, click on your selections, follow these steps, and compare each coin side by side as if your life (rather, your wallet) depends on it.

And remember, don’t chase the pump!

1. Research: Be wary of the news and coins that are being shilled on Reddit as well as social media. When investigating a coin, see what kind of project it is supporting and if there is good value behind it. In other words-is it just another “memecoin” or is it attached to something innovative? Even better-join the coin’s Telegram channel and see what people are generally saying about the coin itself.
2. Volume: Click on the Volume tab as your primary filter. The highest volume coins are moving the fastest at low opportunity costs. This reduces the chances of getting trapped in a pump-and-dump.
3. Percentage change: Check out the moving average indicator line. If you see a sudden, sharp drop from a coin’s all-time high, you don’t want to invest in it, because this coin has already broken its upswing trend and you risk losing money.
4. If it’s a solid uptrend: It’s ok to buy high and sell higher, especially in a bull market.
5. Market cap: Although not a deal breaker, it’s nice to see that a coin has a high market cap. The higher the market cap, the more people have invested in this particular coin. Therefore, comparing all your coins here is always a good idea.
6. Circulating supply: If this is an infinite number, you’re in trouble. This coin will go nowhere in value and fast. On the other hand, a healthy coin should have an excellent circulating supply in the multi-millions and beyond. 
7. TVL (Total Value Locked): Simply put, TVL shows that there is enough money locked into a coin to initiate its actual launch. This is an actual funding pool that lenders deposit money into. It shows exactly how much risk has gone into a coin. In fact, I would worry if a coin’s TVL was under $1 million (for a new coin) and under $300 million for an established coin. But again-the higher the better.

And that’s pretty much it!

Once you get the hang of things, you’ll be able to invest like a crypto expert. Always remember to investigate and compare all options. Did coin #1 not meet any of the 7 rules? Run for the hills. Ask yourself if you really want to get in. Did coin #3 check all the boxes? Great! Just remember to always research the heck out of each option, make sure it serves a legitimate purpose, and avoid falling for coins that promise to go “to the moon!” 

We all know what happened with that last one.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 7 golden rules for crushing your crypto investments appeared first on The Motley Fool Australia.

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Isabelle Korman owns Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin. 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 Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price is on course to end the week on a positive note.

In early trade, the pizza chain operator’s shares are up 2% to $116.60.

Why is the Domino’s share price pushing higher?

The catalyst for the rise in the Domino’s share price higher today has been the release of an acquisition announcement.

According to the release, the company has entered into a binding agreement with Formosa International Hotels Corporation to acquire the corporate stores and franchise rights held by Domino’s Taiwan for A$79 million on a cash and debt free basis.

The release notes that Domino’s Taiwan has the second largest pizza chain in the Taiwanese market, with a sophisticated network of 138 franchised stores and 19 corporate stores.

Furthermore, the stores are located across all major cities with substantial opportunity for further growth. In fact, management intends to significantly expand the business, with a long term aspiration of 400+ stores and delivering growth in its average weekly unit sales.

To help it achieve these goals, Domino’s plans to work with experienced local pizza experts who built a solid foundation in the market. It will also add its proven technology (including online platform OneDigital) and operational innovations.

In addition to this, the company expects to benefit from regional procurement, supply chain, and operational synergies through leveraging its existing capabilities in Japan and globally over a larger store network.

Domino’s Pizza Enterprises CEO & Managing Director, Don Meij, believes the Taiwanese market has significant potential.

He said: “This is a market with tremendous opportunity for our business and this acquisition provides similar opportunity for the local team. Our expansion focus has been on identifying opportunities with large total addressable markets and a stable economy – we look forward to bringing our High Volume Mentality to this business.”

“We have built centres of excellence in Australia/New Zealand, Europe and Asia, allowing us to complement local expertise in menu development and taste preferences with proven experience in technology, marketing, operations, and strategy and insights. Just as this approach has worked in Europe and more recently in Japan, we intend to apply the same lessons in the new market.”

“We intend to expand the store footprint through opening more corporate stores, introducing new, internal, franchisees to the network, helping existing franchisees profitably expand their businesses, and investing in the network and our people to drive long term growth.”

Earnings boost

The acquisition of Domino’s Taiwan is expected to give the company’s earnings a modest boost in the near term.

The acquired business delivered network sales of approximately A$73 million and earnings before interest, tax, depreciation and amortisation (EBITDA) of approximately A$4.8 million for FY 2020.

Based on this, the transaction is approximately 2% earnings per share accretive (excluding integration, reorganisation and transaction costs).

However, it may not stop at this acquisition. Management advised that it remains active in pursuing suitable additional markets as acquisition opportunities.

The Domino’s share price is up over 30% in 2021.

The post Domino’s (ASX:DMP) share price rises on a acquisition news appeared first on The Motley Fool Australia.

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James Mickleboro does not own Domino’s shares. 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 Bruce Jackson.

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The AMP Ltd (ASX: AMP) share price is edging lower on Friday morning despite announcing a key new appointment.

At the time of writing, the financial services company’s shares are down 0.5% to $1.20.

Despite this, the AMP share price is still up 10% since this time last month.

What did AMP announce?

This morning AMP announced the appointment of its new Chief Executive Officer (CEO) for the AMP Capital business.

According to the release, the company has named internationally respected asset management executive Shawn Johnson as the CEO of AMP Capital.

Mr Johnson previously served as Senior Managing Director and Chairman of the Investment Committee of State Street Global Advisors (SSGA) for almost a decade.

In this role, he had global oversight and responsibility for over 450 investment strategies and US$2.1 trillion in client assets. This includes the management of all SSGA’s private equity businesses.

In addition to this, while at SSGA, Mr Johnson also served as the volunteer Chairman of the Financial Services Sector Coordinating Council (FSSCC) from 2008 to 2010. FSSCC is a non-profit organisation that coordinates critical infrastructure and US homeland security activities within the financial services industry. It works collaboratively with key government agencies.

Furthermore, Mr Johnson has recently been leading his own alternative investments businesses, including management of a global macro hedge fund and various private investment strategies.

What now?

The release explains that as AMP Capital CEO, Mr Johnson will lead its international growth strategy and the proposed demerger of the private markets businesses. The latter is expected to complete in the first half of FY 2022.

He will commence in the role from 28 June and be based initially in Sydney. However, he will also work on a global basis across the key international offices of the Private Markets business.

AMP’s Chair, Debra Hazelton, commented: “We are delighted to announce the appointment of Shawn as AMP Capital Chief Executive. Shawn’s extensive experience and knowledge of global investment management, particularly private markets, makes him an exceptional leader for AMP Capital. His experience as a leader in one of the world’s largest asset management firms, State Street Global Advisors, where he played a key role in markedly growing the business and navigating the global financial crisis, will be invaluable.”

The incoming AMP Capital CEO revealed that he sees significant growth potential for the business and is excited for the challenge.

Mr Johnson commented: “AMP Capital is a globally-respected investment manager, and I’m excited by the significant potential for international growth but also in Australia. I’m confident of its underlying strength and the depth of its investment, distribution, and operational talent. Our focus will be to harness these strengths as we set up as a new, independent organisation following separation from AMP.”

“It’s an exciting challenge to which I believe I can bring my experience, passion and energy for growing businesses and leading a highly skilled organisation. I look forward to working alongside our talented teams, meeting our key clients, and moving our business forward.”

In other news, AMP confirmed that Alexis George will commence as group CEO on 2 August 2021.

The post AMP (ASX:AMP) share price lower despite key new appointment appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares 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 Bruce Jackson.

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These ASX shares could be facing come profit taking as we head to the financial year close after brokers downgraded their recommendation on the stocks.

Investors could also be tempted to lock in some gains with the S&P/ASX 200 Index (Index:^AXJO) hitting a record high yesterday.

Less hopeful outlook for this ASX share

One of these candidates could be the New Hope Corporation Limited (ASX: NHC) share price.

It’s raced up to a more than one-year high of $1.83 on Thursday and Macquarie Group Ltd (ASX: MQG) has just cut its rating to “neutral” from “outperform”.

The downgrade comes even as the broker increased its coal price forecast. The problem for the New Hope share price is that Macquarie upgraded the “wrong” type of coal.

Wrong coal feeds broker downgrade

Macquarie is feeling more upbeat about “met” coal, which is used to produce steel. It isn’t that taken with thermal coal (used in power plants) and has left its price estimates unchanged. No prizes for guessing which coal New Hope produces.

This might surprise some as the price of thermal coal has really fired up. But as reported, China is trying to impose price controls on this commodity to cap its rise. I don’t think the move will succeed but it does introduce a potential headwind for thermal coal.

Macquarie’s 12-month price target on the New Hope share price is $1.70 a share.

Upgrade can’t save a downgrade

Another outperformer that could be facing some pressure today is the Johns Lyng Group Ltd (ASX: JLG) share price.

The building construction group’s shares have surged by two thirds over the past year and Bell Potter reckons its time it took a breather.

The broker downgraded the Johns Lyng share price to “hold” from “buy” even after management upgraded its FY21 guidance.

Shooting past fundamentals

The company increased its revenue guidance by around 6.5% to $558.2 million. It also upgraded its earnings before interest, tax, depreciation and amortisation (EBITDA) by circa 10% to $52.1 million.

That is above Bell Potter’s estimates of $541.4 million and $48.9 million, respectively.

Bell Potter acknowledges that the group is in a “solid position” to deliver growth and has a strong pipeline of work.

What is the Johns Lyng share price worth?

“The company continues to be a catalyst rich and we remain optimistic about the company’s cross sell opportunity into the strata management, as well as the potential for accretive acquisitions,” said Bell Potter.

“However, following strong trading in the stock, JLG is now trading on a P/E of 49x FY21e and 44x FY22e.”

Bell Potter’s 12-month price target on the Johns Lyng share price is $4.40 a share.

The post These ASX shares just got hit by broker downgrades appeared first on The Motley Fool Australia.

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Brendon Lau owns shares of Macquarie Group Ltd. Connect with me on Twitter @brenlau.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There’s an ASX sector that’s run hot the past few months but is set to continue the party for a while yet.

That’s according to WAM Leaders Ltd (ASX: WLE) portfolio manager Matthew Haupt, who is “still very pretty positive” on Australian banks.

After 6 months of gains, Haupt admitted the value isn’t as obvious. But forthcoming capital management looks like low-hanging fruit for investors.

“We actually haven’t seen them enact capital management,” he told a Wilson Asset Management video briefing.

“[But] we will see them over the next 3 to 6 months really start to give back some of that excess capital.”

Haupt forecast that Commonwealth Bank of Australia (ASX: CBA) would launch an off-market share buyback with “a large franking component”.

“National Australia Bank Ltd (ASX: NAB), I think, will do smaller, bite-sized buybacks over the next few years.”

Another positive for the banks is that provisions taken on during the COVID-19 downturn will wind back as the Australian economy roars back.

“There’s still legs in the financial trade,” said Haupt.

“It’s probably done most of its work but you can easily see another 10% to 15% upside from here — all else being equal in the current environment.”

CBA shares were up 0.76% to close Thursday at $101.85. The NAB share price ascended 0.23% to finish the day at $26.62.

Which bank?

However, with valuations stretched, caution should be exercised with which bank shares investors now plough into.

In the latest Ask A Fund Manager, Sage Capital portfolio manager Sean Fenton picked CBA as the most overrated stock on the ASX currently.

He said that Commonwealth is “the highest quality bank in Australia, they’re the best long-term earnings track record, probably the best technology platform and systems and some of the best growth”.

But the share price has run up too much, for his liking.

“It’s not often you see a bank trading over 20 times earnings,” he told The Motley Fool.

“There is nothing wrong with the way they’re running their business. But it’s the premium to the rest of the sector… The market’s fallen a little bit too much in love with that quality at the moment, and it’s very hard to be sustained, particularly if you do see a bit of inflation and rate tightening down the track.”

WAM Leaders is Wilson Asset Management’s large-cap listed investment company. Its shares ran up 0.32% on Thursday to close the session at $1.54.

The post Hot ASX sector with ‘easily’ 10% to 15% upside in coming months: analyst appeared first on The Motley Fool Australia.

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Tony Yoo 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 Bruce Jackson.

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Those who started buying shares for the first time in the heady days of 2020 might have received a rude shock this year.

For many, it will have been the first time they saw their investments fall significantly. Some of their stocks might even be in the red.

This can be unsettling for rookies, but experts warn this is all part of investing.

In fact, if a person can’t handle that some of their holdings might lose value then, arguably, they should examine whether they have the stomach for investing.

The world’s most famous stock investor, Warren Buffett, warned last year that “some people are more subject to fear than others”.

“If you can’t handle it psychologically then you really shouldn’t own stocks, because you are going to buy and sell them at the wrong time,” he told the 2020 Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B) annual general meeting.

Forget 100%, a 60% win rate is excellent

So how do the professionals avoid losing?

The short answer is they don’t.

Professional fund managers know better than anyone that they can’t pick all winners. They realise that the most one can lose on each share is the invested amount, but the most one can gain is infinite.

So they’ll settle for just getting it right the majority of the time. 

“To be perfectly honest, we target getting 60% of our decisions correct,” Sage Capital portfolio manager Sean Fenton told Ask A Fund Manager this week.

“I don’t think a lot of people realise because everyone does have a bit of a hindsight bias. You always think that knowing things is easier than it actually was.”

Does it seem like 60% is a low goal? Well, it’s not just Fenton that thinks this is an appropriate bar.

Famous US fund manager Peter Lynch once also declared “6 out of 10” to be an excellent strike rate.

“You’re never going to be right 9 times out of 10.”

Investors love remembering their wins and forgetting their losses

Fenton told The Motley Fool the trouble is that investors have “very selective memories” — remembering their wins and forgetting about their losses.

After all, when’s the last time you heard at a barbecue a friend talk about their 30% loss?

But every share portfolio contains negative returns, like it or not.

“If you don’t do the hard accounting and actually track your investment decisions and work out your wins and losses, people tend to overestimate their skill,” said Fenton.

“But we do do that and if we can get 60% of our investment decisions right, it means we’re absolutely knocking it out of the park.”

The post How many of your shares should make money? appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Berkshire Hathaway (B shares). The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool Australia has recommended Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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