I feel for you. I don't hold MFG, however essentially all these fund managers have collapsed.
I certainly hold IFL, PTM and PTT. And lost a significant amount on all.
All disasters.
I have been buying (good after bad who knows?) to average down, and I think the dividends (at current prices) provide a great return.
MFG seems to be a special case, not sure where it is going, but I'm nervous of the long term potential. Maybe it will be absorbed a a reasonable premium, however it won't be $25.
Maybe (partially) swap over to one or more of those shares, same industry group, also fire safe share prices of these (so you are not buying at the peak) and cross your fingers.
Of course all usual disclaimers. If I KNEW where the market was going - I'd be doing this from my yacht on the Mediterranean, not from my study in Sydney.
MFG Price at posting:
$10.75 Sentiment: None Disclosure: Not Held
(20min delay)
