Actually, it can drop or blow up it doesn't matter.. As long there is yield...
Same like in properties... I buy them not for capital growth but for yield..... I put in little money let my employees pay off my loan for me... but little that I know.... those Sh!t properties that I bought also increase in price.. I was like wtf... the yield doesn't match up so Sell a few and invest in shares....
The ultimate in Capitalism... Dig money in Market to buy properties when cheap.... Sell Properties when expensive and return to Stock... and Dig again...
@ this price if they can at least keep up with the $0.23 dividend Gross 0.23/0.7 / 3.83
it's like 8.5% dividend Gross..
Plus Using puts to buy.. so my yield is about just over 10%.....
Plus lower overall portfolio cost to .... haha I haven calculate after todays trade... but from memory is $3.7x
It's a slow journey in Shares, I know there is plenty of opportunities to have over 20% return every year... but I am tired after 15 years in this Sh!t Market... Keeping up with 20% return takes way way too much effort....... and the volatility in "income" can be sh!tty..
I would be happy with 10~15% returns now more time for me to do other things.... and for price of FMG like this I am more than willing to take the risk...
If it drops more... I would find more money to buy more of this DOG.....
Iron ore price, page-7624
-
- There are more pages in this discussion • 46,104 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.16 |
Change
-0.080(0.44%) |
Mkt cap ! $55.91B | |||
| Open | High | Low | Value | Volume |
| $18.43 | $18.45 | $18.16 | $96.94M | 5.308M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7669 | $18.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.17 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |