FMG 1.67% $19.49 fortescue ltd

Iron ore price, page-26874

  1. 1,046 Posts.
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    If you wanted a seccond (fairly uneducated opinion) I'm of the belief that the prices will come down over the next 6 - 12 months (hopefully im very wrong) but i think the prices will average about $120 or so. I still fully believe that china has us by the balls. Our reliance on china and indeep the rest of the worlds reliance on china has always given me the shits. so hopefully 2020 has taught everyone a lesson on being so dependant on one unstable country.

    I was keen to top up on fmg but its about 15% of my port so thats not too shabby imo. I fully plan to hold this till 2022 onwards but i reasses alot. nothing wrong with FMG but im investing my money to build a business or buy my first house (hopefully outright!)

    Gltah!
 
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