FMG 0.35% $25.66 fortescue ltd

One has to decide for themselves when the share price is either...

  1. 425 Posts.
    lightbulb Created with Sketch. 174
    One has to decide for themselves when the share price is either fair value or above what the price should be. I am getting closer to the idea that the massive rise in the share price recently has made this a less risky option of selling a portion of the holdings. With the intention of getting back into the company when not if it falls back down. We may not see a price of under 20 dollars for a long time but I do not think a price of over 30 is the new bottom.

    I may miss some of the next dividend but if say I can buy in 2 or 3 dollars lower at least below my sell I think that is better.

    Also this is a good idea to spread out my tax why do i want to declare 200,000 aud capital gains in 1 single financial year. I do not want to pay the highest rate of tax unless I have to. So I intend to realise some of the profits and try to do better than what i would have got just taking the dividend in February/March.

 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$25.66
Change
0.090(0.35%)
Mkt cap ! $79.00B
Open High Low Value Volume
$25.72 $25.86 $25.63 $77.37M 3.012M

Buyers (Bids)

No. Vol. Price($)
3 11417 $25.65
 

Sellers (Offers)

Price($) Vol. No.
$25.70 2000 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$25.72
  Change
0.090 ( 0.55 %)
Open High Low Volume
$25.72 $25.86 $25.64 785342
Last updated 15.59pm 03/05/2024 ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.