Open a margin loan account, sell your 15k worth of shares and the margin lender will let you get 60k worth of bhp shares. Buy 40k instead so that your you wont be in trouble unless bhp fell around 15% or so. The interest you pay is tax deductable and the dividends should come close to paying your interest plus you will get franking credits.
Use a stop loss, ie 5 or 10% or an atr or moving average etc
I have traded bhp twice this week and done well, if the trades were to go wrong i know how much i am prepared to lose even before i buy.
Its ok to buy when others are scared, i find its the best time for long term investments, dont expect to pick the absolute bottom and MAKE SURE YOU HAVE A STOP LOSS!!
Good luck
BHP Price at posting:
$24.70 Sentiment: Buy Disclosure: Held
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