Andrew Rae

Book notes

[Andrew Rae @andrewfrae]

My book highlights thread:

[Andrew Rae @andrewfrae]

@BULLReturns

[Andrew Rae @andrewfrae]

@noisy_peter @BULLReturns @AsherTwoCents Can confirm for a local brokerage account, non KTP holders are required to show resident visa (KITAS/KITAP) and have a local Indonesian bank account.

As a non-Indonesian, it's also not possible to open online. I was required to visit their office in person.

[Andrew Rae @andrewfrae]

Five years ago $HZN.ax traded at 8.1c.

A smooth ride to 22c, returning >15c in dividends along the way.

Sensible management. Strong balance sheet. Shareholder returns. Tailwinds from an oil & gas up-cycle to come.

Is there a more sleep-easy investment on the ASX?

[Andrew Rae @andrewfrae]

@vernon_sview Agree oil became the more unloved/harder hold since the beginning of CY26. Also reduced my gold holdings to 5% when silver mooned.

I lean toward Gorozen's view that we're rhyming with the 70's and gold currently undergoing a mid decade breather whilst energy takes the lead.

[Andrew Rae @andrewfrae]

@vernon_sview Even accounting for the last few months not shown on the graph, the gap remains wide.

[Andrew Rae @andrewfrae]

@vernon_sview Certainly a peculiar response from oil stocks to date. That said, thermal coal stocks seem better value and could also benefit from LNG to coal switching driven by the war.

But why not hold both…?

[Andrew Rae @andrewfrae]

@somecuriousgirl @BULLReturns Indeed. Ignoring the ridiculous hyperbole, underweight equities the past 9 years wouldn't have been the optimal path.

[Andrew Rae @andrewfrae]

@jakestrading18 @knox_trading $TGA.L
$CNR

[Andrew Rae @andrewfrae]

@LambDownUnder Most I dare say, would fall into the category of staying for family connections and familiarity.

Extreme scenarios aside, it'd be prudent for the younger generation to create an optional pathway to overseas living through strategic choices in work, flexibility etc.

[Andrew Rae @andrewfrae]

@BULLReturns @Wasim_Pervaiz What's your interpretation of where we currently sit in the iron ore cycle?

[Andrew Rae @andrewfrae]

@BULLReturns When it comes to superior returns, sometimes it pays to be dead (or at least invest like you are).

[Andrew Rae @andrewfrae]

@respeculator Looks pretty grim...

https://t.co/10oimUrd7a

[Andrew Rae @andrewfrae]

@readswithravi @marketplunger1 Lots of parallels to investing.

https://t.co/Gm7M9YHEHq

[Andrew Rae @andrewfrae]

Read 'The Inner Game of Tennis' and noticed mental strategies for amateur tennis players are strikingly similar to those for investors. 👇

1/ Amateur tennis is won by the player who makes the least number of unforced errors, rather than the most winners.

[Andrew Rae @andrewfrae]

@Barchart Incredible. Back to levels not seen since 4 weeks ago.

[Andrew Rae @andrewfrae]

If 40% of one's portfolio is in coal and offshore drillers does that guarantee not being invited to a cocktail party?

Win-win.

https://t.co/oAD0dnjPUP