For each of my son’s Birthday's I give them $250 that must be invested in shares.. Think of it like a watching hold except it gives me a reason to pump them with news about the companies they now proudly call themselves a part owner of...
A week before my youngest son's 9th birthday we were in Brisbane and going to Lang Park to watch the Broncos play.. and sure enough after finding out the Broncos were a publicly listed company, my son decided he wanted to be a part owner!! #Winning
Disclaimer: - This is my excuse for owning shares in a company with almost zero growth prospects.. but who I have supported since 1988.
Today I have to explain to him how a company's "value" can drop 11% or AU$11 million dollars in one day. The company didn't do a press release today and I can't find any news on the socials or in mainstream media that would move the share price...
So I decided to look at the trades.. The Broncos opened the day with a Market Cap of exactly $100m and closed at $89m... $11m down on the back of $2,230 worth of shares changing hands...
Today my sons learn what the Strawman means when he says, price is set at the margins.
