Hi all, I'll put my hand up. I dumped a 1/4 of my holding. I'm pleased that Earnie was there to take them.
It has nothing to do with loss of confidence in APG. I had to clear my margin account so I could transfer the balance of APG into a SMSF.
When you make a financial decision you then act. Price becomes irrelevant. In fact a low price allows more to go into super.
On back of envelope calculations "an inspecie" transfer into super that you have had to pay capital gains tax on to get into super has to approximately double to break even in the new tax free environment.
So you see there are many reasons for selling that are quite logical. APG will work for me.
Will everyone stop winging. Rome wasn't built in a day.
APG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held