Australian (ASX) Stock Market Forum

Opinions sought on my portfolio

Jump to new
K

Ken

Joined
22 August 2005
Posts
1,198
Reactions
0
hi,

I am 21 years of age and have chosen a variety of 12 month stocks and long term stocks.


Currently holding

BHP 600 @ 26.38 (12 month) target to past old high
BTA 2500 @ 1.255 (I am hoping it gets more exposure during bird flu season)
HDR 1500 @ 1.44 (It seems to be cashed up and possible takeover target)
IGR 15000 @ .18 (keen to become gold producing and havent read negative)
AED 1000 @ 3.40 ( rising rapidly) hopefully continues
NAD 100,000 @ .040 (diamond company currently producing)



Personally i am not happy with the way it looks. Its my first crack at trading shares, and i feel i have made some errors here.

some advice from the wise heads would be appreciated.

do i need to include other sectors to compensate?

I have held the following stocks but have sold recently

SEL - got snapped up in takeover rapid rise
JHX - bogged myself over housing downturn in US. No loss
RIN- Same story as JHX. No loss.
 
Hi,

I would suggest that you should decrease your exposure to mining. Not saying they won't run again, but next 12 months looks pretty suss, the risk return profile of your portfolio is not looking well balanced. Definitely rejig it

Cheers
 
Congratulations on making a start at 21 years of age.

For your longer term portfolio, I'd be going for fewer of the speculative miners and more blue chips, e.g. banks and Woolworths, plus some infrastructure companies. These will give you growth and income over the longer term and result in a hell of a lot less anxiety in the process.

Good luck.

Julia
 
hi,

Today i bit the bullet and made some tough decisions.

I off loaded Hardmen resources, and Biota Holdings. As i felt these were stocks that could be seen in bad light by others.

I feel without good information coming they are continually going to decrease in this environment.

I know short term BHP could get a bit nasty, but reading some many opinions its hard to toss up. The recommendation is HOLD on my westpac broking account so I will go with that.

IGR, NAD, AED, all have great potential i think.
 
Ken said:
hi,

I am 21 years of age and have chosen a variety of 12 month stocks and long term stocks.


Currently holding

BHP 600 @ 26.38 (12 month) target to past old high
BTA 2500 @ 1.255 (I am hoping it gets more exposure during bird flu season)
HDR 1500 @ 1.44 (It seems to be cashed up and possible takeover target)
IGR 15000 @ .18 (keen to become gold producing and havent read negative)
AED 1000 @ 3.40 ( rising rapidly) hopefully continues
NAD 100,000 @ .040 (diamond company currently producing)



Personally i am not happy with the way it looks. Its my first crack at trading shares, and i feel i have made some errors here.

some advice from the wise heads would be appreciated.

do i need to include other sectors to compensate?
Click to expand...


I can't help but notice you use the word "hope" a lot but not any variation on "selling for less than fair value". In my opinion, you need to decide if you are using the Greater Fool Theory or actually buying a part of a real business.

I personally don't believe in diversity for diversity sake. Diversity is only good for two things - compensating for ignorance and avoiding volatility - which is why fund managers love it.

Nobody can predict the future because life is intrinsically random. But we can play with loaded dice.
 
BHP makes loads of cash. so i bought them

I bought MIG aswell.

SEL have awesome growth forecast so i got them.

IGR, AED, are specs, which are looking very red.


my main strategy is to buy stocks undervalued.

MIG, SEL, and BHP, fit this according to the info i have read
 
Always buy under-valued stocks and pick up the scraps.....bought bhp myself the other day but, MBL is the go to $70 if you want a Quick buck....Valued to $70 but it will do better in my opinion..up to 75-90........see MBL posts.......No possibility of me gaining on a 60+ stock by ramping here....and don't take this as advice.....my opinions have kept me in the style I am used to,and in the $$
........and have never been proved wrong to the extent where I have gone broke...I always get out of a bad opinion/position.....MBL going great......BHP....We'll see.....RIN...possibly a goer too, as it realy is under valued now.....suckers were buying at 1380 and thinking it was a good deal when it was obvious that a trend up was not in play....we've been talking rinker all the way to $10, buy at $11 and take a 10% drop or WAKE UP. Won't go much lower but it could...then buy...stop watchingg one stock and start taking a punt on a few...Doom and gloom make me a $$$ the upside is still positive !!!...but look at the Rinker graph......bhp is going down...there is no positive...they have sucked..maybe a rise to morrow....if they do I will sell, as I was pissed when I bought them,.....looks like an up but the trend is your friend....I possibly made a mistake.

The biggest gamblers are the ones who jump out of windows and CRASH
 
Top