IT'S a Sisyphean task, making money in the market at the moment. Heave that boulder up the hill, watch it roll down. Repeat for eternity. Sisyphus could be the patron of share investors everywhere. Or maybe our racers would identify better with poor old Prometheus, whose divine punishment involved an eagle feasting on his liver.
That sound bad? Well, the organ regenerated every night, only for it to be devoured all over again the next day. Yes, Greek tragedies are all the rage at the moment and don't our racers know it. Everybody lost money as the market scooted backwards 2.8 per cent. Only two of our brave competitors - leader Louise Jessop and Dizzy Ms Daze - are above water. Both managed to beat the market but it was Doreen who really starred: she boasts three of the top five performing stocks for the week
Fired up from her spell in the cellar, architect Edwina Harrison put together some smooth moves to weave through a congested, furiously backpedalling pack to slot into fifth spot. Wesfarmers was her hero stock, adding a massive $23 for the week.
Reader Qaiser Malik suffered a nasty hangover from his Funtastic adventure last week - the toy manufacturer gave up all its gains from round two. But Qaiser keeps his sixth position. Iluka Resources has been hot property of late but investors dropped it this week and that leaves financial manager James propping up the ladder. Things can only get better next week, right? Right?
Patrick Commins
If you would like to be a competitor in the world-renowned Investor shares race, please email investor@fairfax.com.au. All welcome!
Frequently Asked Questions about this Article…
What happened to the market during the week covered in the article (market down 2.8%)?
The article says the market scooted backwards by 2.8% over the week, leaving most competitors in the Investor shares race with losses. The column uses a Greek-tragedy metaphor to describe how difficult it was to make money in that stretch.
Who were the leading performers in the Investor shares race this week?
Only two competitors—leader Louise Jessop and Dizzy Ms Daze—were described as 'above water' and managed to beat the market. Doreen also stood out, claiming three of the top five performing stocks for the week.
Which stocks helped racers climb the leaderboard this week?
The article highlights Wesfarmers as a notable winner—Edwina Harrison’s hero stock—which added $23 for the week. Doreen’s portfolio produced three of the week’s top five performing stocks, although the article doesn’t list all of them.
How did Funtastic (toy manufacturer) affect investor Qaiser Malik's position?
According to the article, Funtastic gave up all its gains from round two, leaving Qaiser Malik with a 'nasty hangover' from that investment. Despite the setback, Qaiser retained sixth position in the race.
What happened to Iluka Resources and how did it affect the race standings?
The article says investors dropped Iluka Resources during the week, a move that left financial manager James 'propping up the ladder'—in other words, it hurt his standing in the Investor shares race.
What does being 'above water' mean in the Investor shares race context?
In the article's context, being 'above water' means a competitor has beaten the market for the period and is showing positive relative performance despite the broader market decline.
How can everyday investors join the Investor shares race mentioned in the article?
The article invites readers to compete by emailing investor@fairfax.com.au if they would like to be a competitor in the world‑renowned Investor shares race.
What tone or themes did the article use to describe current market conditions for investors?
The article used Greek-tragedy metaphors—referencing Sisyphus and Prometheus—to convey how gruelling and repetitive recent market moves felt for investors, underscoring the challenge of making money in a week where the market fell 2.8%.