I laughed pretty hard when the thread starter said you need to...

I laughed pretty hard when the thread starter said you need to have diversification in your portfolio and BHP is the biggest diversified miner.

There are points when there are far better opportunities in other sectors and times when some sectors woefully underperform the others.

BHP was a sadcase of a stock from 1990 to 2003, it got from $4 to $10 in that time, that's a negative real return when you account for inflation.

On the other hand, CommBank went from $6 to $30, CommBank has still performed better than BHP in the long-term.

CSL on the other hand has blown away everything in the last two years because of more people needing more blood - hence why you need to have a diversified portfolio or just go hold an index like STW/SFY etc.

Rio (performing similarly to BHP) is the only stock in my core holdings that's down, WBC/WOW/WPL im up over 5% on.