Patrick McGimpsey

Dec 8, 2024 | forbes.com | Patrick McGimpsey |Johanna Leggatt

The All Ordinaries Index comprises approximately 500 of the largest companies by value listed on the Australian Securities Exchange (ASX). Like the scoreboard at a sports match, the All Ords reflects the stock market’s state at any given time. The composition of these 500 companies isn’t constant. They can vary based on market capitalisation, a term that signifies the total value of a company’s outstanding shares.

Nov 21, 2024 | forbes.com | Patrick McGimpsey |Johanna Leggatt

Editorial note: Forbes Advisor Australia may earn revenue from this story in the manner disclosed here. Read our advice disclaimer here. Artificial Intelligence (AI) has taken the world by storm over the past few years. Tasks that once took days or even weeks are now completed in just a matter of seconds.

Nov 19, 2024 | forbes.com | Wayne Duggan |Patrick McGimpsey

Bitcoin prices briefly dipped to a four-month low below $US54,000 in early July, but the world’s most valuable crypto bounced off that level and trended higher throughout the rest of the month. Bitcoin prices climbed more than 11% overall in July, finishing the month above $67,700. Post-election and crypto surged, with BTC pushing past $US90,000 and staying there into late November. Ethereum (ETH) prices dropped 3.4% in July to close out the month at $US3,272 but rose to $US3,444 in November.

Oct 22, 2024 | forbes.com | Patrick McGimpsey |Johanna Leggatt

Editorial note: Forbes Advisor Australia may earn revenue from this story in the manner disclosed here. Read our advice disclaimer here. In recent years, investors have increasingly aligned their ethics and core values with their investment strategies, creating a surge in interest for funds that go beyond traditional performance metrics.

Oct 20, 2024 | forbes.com | Patrick McGimpsey |Johanna Leggatt

Trading risk management safeguards against the inherent uncertainties of financial markets. At its core, it’s a strategic approach that traders and investors use to protect their capital while pursuing profitable opportunities. Risk management in trading involves a set of practices and techniques designed to:Limit potential losses on individual trades. Preserve trading capital. Maintain your ability to recover from setbacks. Optimise the balance between risk and reward.