Stockpicking provides healthy returns despite Aussie market downturn

October 26, 2018

Reading the news headlines this morning, one could be foregiven for thinking that global financial markets were in the process of imploding.  Sure some stocks suffered fairly steep falls over the past 24 hours,  but astute stock pickers have been rewarded handsomely over the past 12 months.    At Morgan Wealth Management Group, we ran the numbers this morning over our 12 best and current ASX stock picks and found some surprisingly good returns for the 12 months to 25 October 2018.  Sure enough the return on the S&P/ASX 200 Accumulation Index had fallen to 0.07% over the past 12 months, but returns of income and growth on our top 12 stockpicks still ranged from 11.31%  to 115.05% over that period.

Past performance may not be a good indicator of future performance.