Forget the circus of the Liberal leadership speculation.
Focus instead on what you can control… your money, and your investing portfolio.
Here at The Capital Club, we focus mostly on growth stocks. Almost by definition that means we have little to no interest in many of the ASX 20 stocks.
That said, we realise many readers do follow the large blue chip stocks. We can see it in our numbers.
Whenever we write about Telstra (ASX:TLS) shares, our site traffic goes through the roof. Sadly, it’s the most widely held stock by Australian investors.
Sad because almost everyone reading those articles about Telstra shares will be under-water on their investment.
Still, every dog can have its day. Yesterday, Telstra shares jumped 7.2 per cent higher to close at $3.27.
It was only a week or so ago that I said I wouldn’t be holding Telstra shares much past $3.
Stock markets have a way of making you look silly.
While my Telstra call is wrong, it’s not the worst call in the world, because people who followed my suggestion and bought Telstra shares when they traded at close to $2.60 will have done alright for themselves.
Doing better though, much, much better, are shareholders in Altium Limited (ASX:ALU). The designer of printed circuit boards reported a big jump in profits, and a strong and confident future outlook. It was enough for the Altium share price to jump a pretty amazing $6.92 or 31.7 per cent to $28.75.
I’m a shareholder in Altium. The almost $7 jump in yesterday’s share price was around double my original purchase price. That’s the power of compounding returns on steroids.
We’ve had a lot of new Capital Club readers these past few weeks. We must be doing something right. Thanks for joining us on the journey.
Days like yesterday, where stocks like Altium, WiseTech Global (ASX:WTC) and Appen Limited (ASX:APX) shoot to the stars make stock market investing both fun, and very financially rewarding.
Not all days will be like it. But if you stay the course, through the inevitable ups and downs, over time, you too will be a stock market winner.