I don't think it was brave, but I was thinking the most likely important circumstances were by the end of the year a rally (20%, 30% for Apple) in tech stocks which are still undervalued, another rate hike, held rates in Aus, then Trumps tax cuts. For me in the short term that would make this worth over $30, and the flow on effects would easily lead it to $40 in 18 months.
Of course we're at least 4 months early on any of that actually coming to fruition, but I still think currency gains in particular could lead to a 5-10% outperformance of the fund in 12 months considering how strong the stocks themselves are doing, which would easily make this worth $40.
I mean a lot of speculation, but I'm still optimistic and clearly the market is too. No chance I will sell because I agree with the overwhelming majority of their stock picks and analysis, and am glad they trimmed some of the shit like Target and cut back on CVS. If it went above $30 I would hedge with CFDs if I felt trends were changing in the short term.
MFG Price at posting:
$29.08 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)