Tuesday, 29 September 2015

A day to forget on the ASX as it finish down 4%


Not a great day today on the ASX as the ASX200 it has finished down 4%.

I have seen over $12,000 wiped from my portfolios value today which is painful to watch when trying to work towards retirement.

My worst performing stock of the day was Beach Energy Limited (BPT.AX) which was down 8.738% to 0.47c a share. A year ago it was trading as high as $1.40 a share so has been a terrible investment.

All my stocks seemed to be down today as all sectors have been effected

Consumer Discretionary down -2.55% 
Consumer Staples down -3.12% 
Energy down -7.15% 
Financials down-3.71%  
Health Care down -3.61% 
Industrials down-3.34% 
Information Technology down -2.13% 
Materials down -5.29% 
Telecommunication Services down -4.69% 
Utilities down -2.99% 

But all this negative news isn't making me sell out of the market and instead over the last 6 weeks I have been buying and buying.

It will be interesting to see if the market continues to fall tomorrow or if this is a buying opportunity for the traders on the side lines. I'm sure we will see a lead from the European and US markets overnight.

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