Cheers mate, a well diversified portfolio would probably have a least one stock with a deep red hue.
If you have 10 stocks of equal cost and one is 50% down and the others are still at cost- you would be down by 5%. But, more likely, most of the others would be well up. Well, at least, that is how I reason. I avoid plonking too much on to one stock- like one might do in a FOMO event- then when one falls over the cliff- you can still, if it is appropriate to do so, average down somewhat.
But I revisit the balance sheet and announcements before averaging down- I would not want to pour more money into a falling knife.
But you know all that. These are the basics. Who would endanger retirement savings.
ASB is not the sort of stock for over investing in. It is not a big four bank. It is a risk reward play. It scores another naval contract- big pay day. It goes another year or two without a naval contract- it becomes a falling knife. It has a place in a portfolio.
This is not advice. The above reflects my own risk appetite. I reserve the right to be wrong and without warning.
IMHO DYOR
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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2 | 4551 | 2.760 |
2 | 2085 | 2.740 |
1 | 1021 | 2.730 |
1 | 1021 | 2.720 |
Price($) | Vol. | No. |
---|---|---|
2.800 | 1035 | 1 |
2.810 | 1095 | 2 |
2.820 | 2890 | 2 |
2.830 | 7784 | 4 |
2.840 | 5584 | 2 |
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