Thursday 3 November 2022

Get $10 bonus when joining Superhero for share trading

** Sponsored Post **

Superhero is an easy to use app that I use to trade a small portfolio of US shares without having to pay commissions. I currently had the following portfolio:

CORN - Teucrium Corn Fund

WEAT - Teucrium Wheat Fund

ITA - iShares U.S. Aerospace & Defense ETF

SQQQ - ProShares UltraPro Short QQQ

Total gain since I added CORN, WEAT and SQQQ to my portfolio in July has been +USD $30.34 (+4.68%). I'm not recommending this as a portfolio - I simply thought investing in ITA was a good idea at the start of the year (due to developments in the US aerospace industry and the likely positive impact of the Ukraine war on US defense companies), and then added SQQQ as the tech bubble started to deflate, and added CORN and WEAT due to the likelihood of food commodities seeing price increases due to the impact of the Ukraine war. I only have about $500 invested in this 'portfolio' as a small speculative investment to amuse myself (I am mostly a long term investor in index funds -- which is a bit like watching grass grow).

Features of trading using  the Superhero App include:

* Earn Qantas Frequent Flyer points: Earn Qantas Points on eligible trades and transfers with Superhero. Eligibility criteria, min share trade amounts, terms and conditions, fees and charges apply.

* Trade Australian shares: $5 per trade ($0 brokerage on ETFs). $100 minimum investment.

* Trade US shares: Invest in US shares and ETFs with $0 brokerage and $10 minimum investment.

* Free to join and no monthly account fee.

To get $10 of Telsa shares for free (when you deposit $100 or more within the first 30 days) simply join using the link:

Disclaimer: If you use this link to join and qualify for the free $10 of Tesla shares, I'll also receive $10 of free Tesla shares ;)

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Wednesday 2 November 2022

Net Worth: OCT 2022

My monthly NW estimate has been updated in NetWorthShare for the end of October. Chart is in the side-bar.

Stocks and managed fund investments recovered some of the recent falls during the past month. My 'Stocks' figure was up $4,291 (1.62%) to $269,582 net equity.

The value of my 'Other Assets' category (gold and silver proof coin collection, valued at bullion value only, Perth Mint unallocated gold, silver and platinum holdings, and my small art investment via Masterworks) were mostly unchanged during October, rising only $48 (0.16%) to $30,923.

Our estimated house price for October (my half) fell another $27,595 (-2.43%) to  $1,106,405 with weakness in the Sydney real estate market due to rising interest rates. Declines are likely to continue until inflation is brought under control, the RBA ends the cycle of interest rate hikes, and home loan interest rates stop rising. I expect falls in absolute terms to continue, with the decline in real terms being worse due to inflation (currently running at 7.3% pa).

I was notified that settlement for my 'off-the-plan' investment unit will occur sometime in January, so I have a meeting to discuss a mortgage application with our current bank during November. The prices for units (apartments) in the suburb have started to decline slightly, but on the other hand rents have been rising (which will help with cashflow to fund the mortgage repayments).

The value of my retirement savings recovered to $1,403,709 (up $78,966 or 5.96%) during October, reversing the decline suffered in September.

Overall, my estimated NW increased to $3,121,926 during the past month - up by $55,962 (1.83%), recovering about half the decline in NW suffered during September.

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