AGM australian governance & ethical index fund

lord muck tries to mislead everyone

  1. 14,240 Posts.
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    Ghosta,

    I thought you invited me to identify a stock I preferred? in the hope that I would lure the better posters away from your soapbox opera.

    Anyway you are displaying your ignorance to refined perfection again.

    Of course a speculative stock like AGM can be expected to have recovered more from it's low than a more proven "bluechip" stock such as JBM. It also fell MUCH further (about 60% from it's high vs 40% in the case of JBM), as the more speculative stocks such as AGM are generally more volatile.

    The fact that JBM is within a few % of all time high, despite the fall in the pon, is testament imo that it has a very strong story, and is not just another pon play. Much more to come imo. Time will tell,

    Risk and reward, don't be as foolish as the yanks and pretend they are separable. Yes, sure AGM might double in 12 months, but imo JBM will make very solid, and much more assured gains in that time. There is also unfortunately a reasonable chance that AGM won't even reach it's old high within 12 months.

    Of course you neglected in your comparison of recoveries the 37 cent dividend.

    Each to their own blend of risk and reward,
    EL
 
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