Or keep it for 5-10 years and let it become another Fortescue?...

First 1632 Last

Share
Profile

Follow
JayWin

3,566 Posts.

413

05/01/22

21:23

Post #: 58666718
Share

Originally posted by 52570: ↑

Yeah, I think that's the way to go if you have held this stock for many years... with the enormous frustration of having money tied up and seeing other stocks do well...

So , by waiting for a (combined FFX and LLL ) share price of over $2, you can take a nice profit for having that capital tied up for so long...
though...

I do urge people like us who have held for many years, to wait a little longer and try to resist the urge to sell up completely when we reach say (a combined) $2. Yes maybe sell down somewhat but FFX and LLL are quality companies and definitely worth having in your portfolio for the next 5 years or so, or even longer.

I see 3 options for myself

1. Completely sell my current holding (combined FFX and LLL) when the price reaches over $2 a share (combined), (which I am personally strongly considering).
2. Keep all of my holding in both companies until they pay dividends for a few yeares
3. A combination of both.

If I were in my 30's then its a no brainer - hold tight and reap the dividend rewards.
However I'm quite a bit older than that and waiting 3 more years (say) for dividends seems way too long a time to wait.

Oh well I digress a bit perhaps.

Expand

Or keep it for 5-10 years and let it become another Fortescue? $10 stock? Lithium is the new Iron Ore? I have a dream.

FFX Price at posting: 88.5¢ Sentiment: Buy Disclosure: Held
27 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IMU

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?