MY port folio
by, 20th-October-2007 at 12:44 AM (2315 Views)
Date 19 october, 2007.
AIO 1000 -@ 8.88 TARGET $11
ARG 434 - @8.04 TARGET $ INDEX RELATED
ARR 5665 - @ 1.93 TARGET $4
AXT 31,797 @ .30 TARGET $1, THEN $5
BLD 1717 @ 7.27 TARGET $9
CME 100,000 @.05 TARGET $10 CENTS
CPU 1400 @ 8.99 TARGET $11
JHX 1000 @6.77 TARGET $9
NWS 477 @ 26.19 TARGET $50
PEM 1500 @ 3.93 TARGET $5.20 THEN $8
PTM 2069 @ 6.04 TARGET $8 THEN $15
TAH 500 @ 14.86 TARGET $17 THEN $25
TLSCA 2000 @ 2.00 TARGET YIELD CONVERT
Current market value $112,753
all ords 6723
I am 22 years of age, and have been interested in the market for some time. I have a BT margin lending account that has a $48,000 loan on it i have about 20% untill a margin call so i think i am safe at the moment.
I have decided to buy stocks I like in $12500 batches. I was very bullish on BHP and RIO back when they were 70 and 24 bucks. i didnt do well out of them and my lack of experience probably cost me 50k in profits.
none the less i am a survivor. and in the green.
SO i have decided to take more of a boring approach to my portfolio for the next 5 years.
I have basically got some high paying dividend stocks, combined with some exploration companies, and growth stories.
I have taken profits too early before which has been my downfall.
So I have come up with my port folio which is lacking a major miner, and a major bank.
I am trying to invest in what i see as value, or upside through exploration.
I see tabcorp, telstra, argo, as my life time stocks. the dividends over a long period of time will be re-invested.
I am trying to buy below valuations.
on my targets i have
I think there is a lot of heat in the market at the moment, and a lot of stocks are over priced. i am concerned that if BHP falls the market will really be punished.
I think interest rates and the US dollar will have an effect on american exposed stocks so i may sell NWS,an not buy into MIG on that basis.
if the dollar becomes the same in aus as it is in US then i think pacific brands should do really well as they import there goods.
i am have taken the diversified approach because i am no genious and i figure if i buy into enough top 50 companies then i am a chance of doing well.
for me the divided is important.
If a stock outperforms i am always tempted to take profits.... good bad... depending on AXT drill results there may be a case to buy more. i have been in an out since float and think they are a great company with a bucket load of copper.
this is my blog. so i can say they are going to go to the moon.
sellling YML at 25 cents for a $400 profit
selling cqt at 13 cents for a $900 profit.