High Yielding Shares Again
- Thread starter MTR
- Start date
Thanks all - Kind of makes sense.
I have opened an online Interactive brokers account and will buy some of the ETF and see how things go.
Blacky
I have opened an online Interactive brokers account and will buy some of the ETF and see how things go.
Blacky
I don't like the iron ore sector at all. They are price takers, and can't do anything when china softens as it is now, apart from flooding the market with more iron ore to drive out other competitors
I believe that everyone thinks BHP and RIO "will have to go up" simply because BHP is the "big australian." It's apparently the most inherited stock in Australia, and has a history of doing so well.
Unfortunately history doesn't necessarily repeat itself. Unlike the S&P500, the ASX200 index still hasn't surpassed it's 2007 highs. They were so high because of BHP and RIO being so highly valued because of the mining boom.
The Australian economy has begun the great divergence away from mining and into other economic areas.
Just my opinion, but if you haven't made a loss, or much of one, I would consider selling out of BHP / making it an underweight position in your portfolio. I don't mind trading the iron ore stocks, but investing in them is different
I believe that everyone thinks BHP and RIO "will have to go up" simply because BHP is the "big australian." It's apparently the most inherited stock in Australia, and has a history of doing so well.
Unfortunately history doesn't necessarily repeat itself. Unlike the S&P500, the ASX200 index still hasn't surpassed it's 2007 highs. They were so high because of BHP and RIO being so highly valued because of the mining boom.
The Australian economy has begun the great divergence away from mining and into other economic areas.
Just my opinion, but if you haven't made a loss, or much of one, I would consider selling out of BHP / making it an underweight position in your portfolio. I don't mind trading the iron ore stocks, but investing in them is different
I am waiting for my chance to get out, hopefully with some profit. It was looking much bleaker two-three weeks ago. My BHP holdings are still 5% down from when I bought a large parcel at 35.77 about six weeks ago. My entire portfolio of WOW, ANZ and BHP is down about 3%.
Here's BHP and the ASX 200 over 6 weeks
Attachments
That shows a worrisome divergence between the two. But I can't see a reason to take a loss right now.
It's only going to go lower so may as well cut your losses now
Why wait till it hits $25 and then buy and then make a profit. There is a short cut since you already know it is only a matter of time before it reaches $25.
Put your house, life savings on shorting BHP. This is your golden opportunity to make a fortune. The longer you wait the lower your profits from short will be. Think about it!
Cheers,
Oracle.
Thank you for the kind words of wisdom
Gees, why has WOW dropped sharply on opening today?
Looks like you may have to hold for a while,i would be keeping a very close eye on the price of Oil..imho..
Read more: http://www.smh.com.au/business/reta...owth-slows-20141103-11fxmg.html#ixzz3HxkKoxNT
I think from memory Coles reported sales increase of 4% last week. This is just short term market noise. If you are looking to top up WOW this is a good opportunity IMHO.
Cheers,
Oracle.
Thanks for this timely input. It confirms my thoughts exactly because overall, I think WOW is a safe long term bet. I have placed a WOW buy order to match the exact amount of my current holdings.
Looks like you may have to hold for a while,i would be keeping a very close eye on the price of Oil..imho..
Why the link between oil price and WOW?
Transport costs ,and some companies in that vast linked business model do better then others , plus market share ALDI Costco have taken a serious slice of the market also..
http://www.asx.com.au/asxpdf/20141103/pdf/42tg5vp01z3d3g.pdf
I just cant push the button on more WOW, given what has happened in the UK to the once unassailable positions of Tesco and Sainsburys at the hands of Aldi and Lidl and the like, I think WOW and WES might be in for significantly tougher times in the next decade. Aldi has doubled its market share in Oz the last 5 years to 10%. WOW may be a value trap at this price.
My 2 cents only of course
