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78.0¢ avz minerals limited

I cleaned up my portfolio of several underperforming shares and...

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RandyKDiamond

73 Posts.

16

22/03/22

10:48

Post #: 60336725
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Originally posted by Scsugarman: ↑

I am high conviction on AVZ, but I sometimes think that I’m in too deep. More than 10% of my retirement account is now in AVZ shares. Significantly bad news (e.g., denial of ML) wouldn’t be a catastrophe, but it would certainly hurt.

I started collecting AVZ shares about six months ago (actually, AZZVF since I’m in the US) and I’m up approximately 35% on the total investment right now.

I’m curious about other high conviction investors: what fraction of your core retirement portfolio is in AVZ?

Disclaimer: I am a newbie insofar as mining investments are concerned, having switched a good portion of my portfolio from high flying tech stocks to minerals about six months ago.

Thanks!

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I cleaned up my portfolio of several underperforming shares and lots of small investment parcels that i didn't have the time to properly manage. Also sold some oil shares. This was around 15% of my portfolio, have topped up along the way. I'm a LTH, now AVZ makes up 60% of my portfolio.
It does worry me there is such weight in AVZ, though this is my personal investment, not Super. Note that i treat it as a retirement fund as i am a renter for life, stocks only. Portfolio is in seven figures so the stress is definitely there.

AVZ Price at posting: 94.5¢ Sentiment: Buy Disclosure: Held
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Add AVZ (ASX) to my watchlist