Strategies to lock in ANZ profits form the share purchase plan. Including selling calls, buying puts and CFDs. Plus the dangers of a cash rich company.

Today I give thanks to my dad. When several people told me what I wanted to do was impossible and I was too late, it was my dad’s voice reverberating in my mind which drowned out their negativity. My dad wise saying, “there is no such thing as can’t” , was my life jacket in the sea of negativity which four authorative people cast me adrift in.

The Fusion Fund has applied for a full $15k allocation to the ANZ share purchase plan.
I will write more about this later, but if anyone still wants to apply you have a little under one hour to get to 380 Bourke St, Melbourne with your application and cheque. Make sure you have it in a letter with a stamp, as theat is the GPO Box location and you’ll be posting it over the counter.
More later on as I relay the trials and tribuations of how I made $1875 in an …

There is one important thing. Buy Fear Sell Greed. With little time for detailed research (bad move Dean) but a lot of money to put to work in the Fusion Investing Fund, the fund just bought 1,000 ANZ shares at $18.10. While Westpac Bank would have been a more conservative investment the greater potential of ANZ and my better understanding of ANZ swung my decision.
Fund Performance to Date

4 of 6 positions (67%) outperforming the index.
The -0.6% return compares favourably to the -15.4% for the ASX200.
Fund dips into red for second …

Can you hear it?
Two charts to start, ANZ one and five year charts.

the one year chart still captures the high. I thought it would be good to keep a snapshot of that.
four steps forward one giant leap back.
and now the VIX, hitting peaks not seen in…gosh how many years is it? 5 or 6?

a few days back VIX and More commented that “we have a new line in the sand right now, a VIX of 42.16 (and SPX of 1133).”
as VIX said we have extreme fear when the VIX continues …

I just returned from ten days holiday in New Zealand. Before leaving I placed a trailing stop order on the 1,000 ANZ shares the Fund bought in mid July. The stop was set at 5% below the recent high of $19.52.
As I have previously said, I generally do not trade frequently. However, in the current market environment and attitude to financials, this seemed prudent. The stop was triggered at open on Friday July 25th for a 5.8% return in just over a month. However, as I neither wrote about …

Now is one of the times you need to be a net buyer of stocks.
While I don’t have strong conviction that the bottom is in I do see a lot of extremely good value in the market at the moment. I have been focusing on US stocks recently and will continue to do so as I also believe now is a great time for international investors to be buying US assets. From my perspective the Australian dollar is at a 25 year high against the US dollar. While the upward …