I’ve been doing it for years already and come out so far ahead I don’t think I can lose from here. I’ve already taken more than enough money off the table through dividends and I’ve been doing this since $1.80 share price so some of my shares pay more per year in dividends than I bought them for. IMHO borrowing money at less than 4% (which is tax deductible debt) to buy FMG is a no brainer and I shall continue for many years
I pay a set amount into my margin loan each week as if its a mortgage.
Iron ore price, page-34702
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Last
$18.14 |
Change
0.020(0.11%) |
Mkt cap ! $55.85B | |||
| Open | High | Low | Value | Volume |
| $17.90 | $18.75 | $17.75 | $171.0M | 9.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1701 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.14 | 41253 | 3 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |