AFG 2.89% $1.43 australian finance group ltd

I notice rormon has sentiment stated as "none" and disclosure as...

  1. MJS
    2,274 Posts.
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    I notice rormon has sentiment stated as "none" and disclosure as "stock held".

    You are sounding more like a sentiment of "sell" and I kind of get the impression that you bought very high so are bitter.

    At the moment we face an industry (structured finance) where literally every stock involved in it has been hammered (MQG, BNB, AFG, MFI, MFS ... ). The market is looking for every single negative item, big or small, and using it as a reason to sell.

    That is fair enough, however the reality is that the world goes on, planes, trains, and automobiles (ok, ships) will still need to be bought and financed. As will buildings, windfarms, electricity generators of any form, roads, and for that matter houses.

    Doom and gloom on this scale is generally the best time to buy. A portfolio spread across this industry will make a lot of money over the next 5 years. IMO.

    MJS
 
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