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Speaker 1: Welcome to Ask Fear and Greed, where we answer questions

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Speaker 1: about business, investing, economics, politics and more. I'm Michael Thompson

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Speaker 1: and hello, Sean Alemullo. Michael, Sean, you've been talking a bit.

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Speaker 1: I mean you talk quite a bit on this podcast. Yeah,

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Speaker 1: that's right. But you talked about the fact that the

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Speaker 1: sheer market was down four percent for the quarter. Yeah,

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Speaker 1: right now, that isn't that much in the grand scheme

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Speaker 1: of things. So there must be a bunch of winners, right, yes, yes,

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Speaker 1: particularly when you think the Teach index is sold off

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Speaker 1: twenty percent exactly exactly, So who are the winners?

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Speaker 2: So the very obvious winners are the gold stocks because

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Speaker 2: they've done very well as people have looked for safe havens.

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Speaker 2: So Northern starts a gray mining evolution, mining re merely

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Speaker 2: it's West Gold. There's a lot of gold stocks, but

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Speaker 2: they're not very big. And remember the market is weighted,

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Speaker 2: so common off thanks about nine percent of the market.

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Speaker 2: Some when it goes up or down, it really matters.

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Speaker 2: So the gold stocks is the short answer. But you're right,

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Speaker 2: there are other areas where investors have done pretty well.

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Speaker 2: And without meaning to sound rude, the boring stocks have

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Speaker 2: done really what that does sound rude?

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Speaker 1: It doesn't boring to me. Sounds reliable and stable.

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Speaker 2: So it's not steady stocks. Do you know the Almer

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Speaker 2: family crest. The word that goes with it is steady real,

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Speaker 2: which would be the least sexiest thing to have for you,

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Speaker 2: like a surname I diagres like.

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Speaker 1: I would want like rugged, yes or something like that.

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Speaker 2: Steady, So, like the ALM surname. Steady stocks are doing well.

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Speaker 2: Not many, I mean, so if you think of Tolco's steady.

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Speaker 1: Oh that's steady, steady all over it.

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Speaker 2: Telstra is up nearly eight percent this year. That's actually

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Speaker 2: a really good performance. Utilities you want to get steady,

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Speaker 2: so steady big infrastructure and utilities. Their income is fairly

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Speaker 2: regulated so they never shoot the lights out, but they

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Speaker 2: sell them actually do poorly. And so some of those

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Speaker 2: utility stocks have done pretty well. They're outperformed. So I

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Speaker 2: mean APA group, which is in any infrastructure group, it's

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Speaker 2: up fourteen percent. It's the real standout. But even Origin

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Speaker 2: Energy kind of it's down one percent. The market's down

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Speaker 2: four percent, so it's outperformed. Those utility stocks have done

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Speaker 2: pretty well. The other one consumer staples. Staples is steady

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Speaker 2: as it.

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Speaker 1: Oh, staples, just like it sounds like a cinema racing

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Speaker 1: for stable.

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Speaker 2: So consumer staples, things like woolies and coals, they've actually

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Speaker 2: done pretty well because people still shop no matter what.

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Speaker 2: So all these stocks, you know, Telstra or telcos, generally, utilities,

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Speaker 2: consumer staples, they're pretty much well. I mean, interest rates

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Speaker 2: affect them, but they don't affect them that much. Economic

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Speaker 2: growth doesn't affect them that much because we still buy

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Speaker 2: our groceries, you know, we still use our telephones. And

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Speaker 2: so when you've got all this turmoile going on and

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Speaker 2: volatility and everything's being sold off, investors look for steady stuff.

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Speaker 2: People are just going to give them a return.

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Speaker 1: So that's why they've done well. They've just they just

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Speaker 1: kept on going.

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Speaker 2: It's not that they're exciting, it's the fact that they're

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Speaker 2: not exciting, and investors think, well, at least we know

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Speaker 2: they're just going to chug along every day and do okay,

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Speaker 2: whereas who knows what the tech sector is going to do,

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Speaker 2: who knows what financials are going to do. That type

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Speaker 2: of thing, and the fact that they're boring is kind

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Speaker 2: of why they've done well.

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Speaker 1: I I number one, I have understood every single word

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Speaker 1: that you have said.

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Speaker 2: Today in front of me.

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Speaker 1: Go on, no, no, no, it's the fact I think that

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Speaker 1: you related it all back to the ale of family

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Speaker 1: Crest and the steady, steady, steady as she goes. Indeed. Oh,

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Speaker 1: that's a great little insight.

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Speaker 2: Yeah. So often you're not trying to do really well

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Speaker 2: in the market, you're just trying to avoid fail badly.

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Speaker 2: Yeah yeah, yeah, And that's what in volatile market particularly,

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Speaker 2: and there's sort of sell offs coming and going. Often

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Speaker 2: it's just the opportunity to hold stocks which just aren't

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Speaker 2: going to do as badly as other stock.

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Speaker 1: It's not really setting a lofty goal for yourself be anything.

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Speaker 1: Be steady.

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Speaker 2: It's a steady goal.

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Speaker 1: Steady, mediocre even in these tough times, is steady and.

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Speaker 2: Good, right, mediacre in these tough times is actually very good.

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Speaker 1: Okay, all right, good one. I've learned something today, Sean,

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Speaker 1: Thank you very much.

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Speaker 2: Thanks Michael.

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Speaker 1: Remember, if you've got your own question that you would

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Speaker 1: like us to delve into it, Who knows how Sean

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Speaker 1: will be able to link it back to his family history.

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Speaker 1: I'm sure he'll find a way. Then you can send

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Speaker 1: a question through LinkedIn, Instagram, Facebook, or at Fearangreed dot

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Speaker 1: com dot au. I'm Michael Thompson and this is ask

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Speaker 1: Fear and Greed