@peejay2. Sold my WMI holding and replaced it with Salter Brothers LIC. If you have time, check out my posts under the ASX ticker > SB2. On general share market matters. I'm now much less bullish for the XAO index in 2025. Only because of the big 5 retail bank valuations. A rotation into resources and commodities looks likely given relative valuations. So I'm positioning my super accordingly, plus keeping a considerable amount of dry powder for a "flash crash" situation. IMO > passive investing in Index Funds and ETFs has created a self-perpetuating momentum bubble in the leading index stocks. Eventually investing fundamentals will revert. The canary in the coal mine should be CBA sitting on an all time historic record P/E of 26x and dividend yield of 3%.
