i heard it on the radio about 3 months ago.i think you need to...

i heard it on the radio about 3 months ago.

i think you need to really get the focus away from media when investing.

if what is reported in the papers effects financial decisions then you are a step behind the play.

I remember to the day when they were calling for BHP and RIO tinto to be dumped when commodities were getting a bit shakey. i think BHP went from $32 to $23.80.

If you had have invested in december last year you would still be sitting on massive gains for BHP.

Now as usual the stock market will have sell offs, this is normal, it has to happen.

BHP may go to $32, or even $28.00 we dont know, but what we do know, is that investing in companies like MBL, BHP, they attract media attention when they are volatile.

They are blue chip stocks, wasnt so long ago MBL was a $99 stock.

The same people telling us " the public to keep buying the stock" in the papers, are saying that sub-prime is going to kill the market.

Who do you beleive?

Experience tells me...

If you look at the charts for a lot of these stocks, it has been building for some time. A lot of stocks have been in a downward trend.

It has been BHP and RIO and a lot of resources that have kept the market going untill recently.

look at NAB. it is $6 off its high. MBL is $27 off it's high.

Westfield $4 off its high.

I think Now is the time to be looking at stocks which pay dividends