The point SP007 is that the share price of are ALL down. Your Platinum share price is also tanking.
MFG is not swimming naked if one believes in their strategy. Obviously you don't and that's fine. I do and hence I have a position in MFG and I bought additional shares on Friday.
However I also hedge my risk, with all the value wealth managers share price also tanking now, I am now taking positions in all three.
I have not yet allocated capital to GQG, because their share price hasn't tanked to the same degree.
Happily dollar averaging into MFG, PDL and PTM. I am happy to hold a 3% of portfolio in each allocating 9% of the portfolio between the three.
MFG Price at posting:
$18.23 Sentiment: None Disclosure: Held
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