It’s a incredibly tough market the oily pennies atm TD2, BAS:ASX and EMP:ASX CVN:ASX are a shining example of exactly how tough it is and clearly why I am basically out of the ASX and been selling down the whole of 2024, if I told you in monetary terms how much I have sold down in 2024 across the ASX you wouldn’t believe me so I will let your imagination pick a number, but to say that I’m ready to Buy again in 2025/26 if a understatement tbh, as I’m readying for the foreseen crash I can happening on the ASX in 2025, there is no way the ASX should be all time highs atm with the fiscal position Australia is in currently, basically if the truth be known the East Coast of Australia is flat BROKE atm and the day of reckoning and re balancing is approaching BIG time in 2025 imo TD2 !!!!!
I’m actually holding 20% of my current exposure on the ASX, but I’m still probably a little heavy on US stocks because of the Trump era evolving that I foreseen in 2025.
TD 2 even with settling our new boat build soon and having next year off with my family in Europe and possibly the US and Caribbean, my rush for cash isn’t due to having a 12 month hiatus from the markets, I do believe along with a lot of crew that 2025 is going to be a train wreck in Oz on the markets and in Real Estate nation wide and we are soooooo overdue this correction it’s going to be HUGE imo and it’s going to be the Oily Pennies like MMR, BPH, BUY, we’re the bargains will really present in 2025 imo because they are going to be lacking a tangible project in Pep11 imo and trading and SP in same will be halved at least imo TD2 moving forward into 2025 !!!!!
MMR Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
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