Back in 2006 a retired couple unknown to me at the time, put $50,000 into a "set & forget" portfolio through a stockbroker.
So, what did they buy?
$12,500 into each of the following: Argo, Origin, Santos & Telstra.
Today, 2018, what's the portfolio worth? Well, $38,000 or a decrease of 24%!
Yes, dividends were received, but initial capital preservation was not.
They talk about the banking royal commission, well perhaps brokers & investor
apathy should be next.
Were there any "winners" from this quartet?
Yes, Argo returned 19% capital growth over 12 years or about 1.5%pa + dividends of around 5%pa. (the only "set & forget" proposition here)
Origin lost 27% in share value + dividends received.
Santos lost 60% in share value + dividends.
Telstra lost 32% in share value + dividends.
Had the initial $50k been put into WAM and according to their June17 annual report,
17.6%pa including capital gains & dividends would have been achieved for those
12 years.
I hold funds in various Listed Investment Companies and am happy to do so.
"Part time" investors should be full time investors in LICs for their financial health.
- Forums
- ASX - By Stock
- WAM
- Investment help
Investment help, page-44
-
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WAM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.61 |
Change
0.010(0.63%) |
Mkt cap ! $1.792B |
Open | High | Low | Value | Volume |
$1.61 | $1.62 | $1.61 | $947.4K | 587.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 16213 | $1.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.62 | 34412 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 16213 | 1.610 |
8 | 158082 | 1.605 |
18 | 300042 | 1.600 |
10 | 91759 | 1.595 |
16 | 153658 | 1.590 |
Price($) | Vol. | No. |
---|---|---|
1.615 | 34412 | 5 |
1.620 | 539158 | 24 |
1.625 | 1044 | 2 |
1.630 | 54847 | 8 |
1.635 | 36902 | 3 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
Featured News
WAM (ASX) Chart |