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Hiya,Hi Keith, do you mind if I ask, what is the LVR on your margin and property portfolio now ?
Good effort in not getting tapped out in the downturn.
Some defensive, some financial, some LPTs, some infrastructure, some LICs. They all pay reasonable to good yields based on current forecasts - everything is still v. cash flow positive.what type of shares do you own at the moment? Are you sticking to high yielding stuff?
Only Australian, but obviously many of them have O/S exposure.do you have any overseas exposure as well or only australian stock?
Maybe.... the risk of course is a bounce - maybe caused by Obama pulling out of Iraq or printing even more US$ or China perking up or some other left field event (that some obscure 'expert' has been forecasting for decades ).I'm thinking covered calls might be the way to go this year since I would expect the year to remain fairly flat with volatility.
I have both SLF & other LPTs. ATM I prefer AFI to ARG (which has high exposure to MaqBank), although I hold both. Direct IP & LPTs/SLF are completely different types of investment - you need to work out what's best for you - I continue to hold both for the long term.I noticed you said LPTs, is that covered off by you having some SLF shares? And with ARG, is that a LIC?
We did the reverse of you, in 2002/03 (and last year) we borrowed to buy shares and are now looking for IP's. Am in the midst of doing my DD, what do you think would be better- direct IP or LPTs via SLF?
Like you, we are very happy with how things have gone... the last few months have been interesting but have been keeping a long term view.
Hi Andrew,Any change in your strategy for 2010 Keith?
Not much has changed since post #177 above. I had sufficient reserves to participate in most of the equity raisings close to the bottom of the market - without exception they've done v. well.And also wondering how you handled the stock market dump, what did you do , did it cost you and where are you at now with it ?