Hi All
thanks for the amazing research .I,ve been in LNC since pre SAPEX the SMSF is now firmly in the black .The trading fund has had a whopping couple of months and the CFD account likewise. Friday I had to walk away from the trading account else I push the sell button.
Maybe thats something I,ll regret (badly burnt re CGM)
However my rational for holding LNC remains the same I,m after a company that will someday( in the not to distant future ) commence a dividend stream that will take me through (an maybe the kids) till I don,t require income anymore
Think picking up CBA at float
The SMSF + trading account holding is now sufficiently large enough that dividend payments would materially affect my standard of living going into old age ,for my brother its his only hope as his LNC holding is the only retirement asset .
The post GFC rout was a god send because there was no way we could have afforded to build sufficient quantity at $3.00/share
So even though I know a pullback would be healthy ,to take profit would be risky given my investment time frame
Can anyone identify another ASX listed company that has the potential for the income generation I believe LNC is capable of in the medium /long term /
is unlikely to be overly diluted( given PB,s holding )and is still selling at a modest MC relative to that potential?
If so I would take some profit and diversify.
cheers van
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