Correlation of a different kind then :)
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I have been spending a great deal of time looking for homes, for the proceeds from the sale of our previous house.
Not easy.Still a work in progress.
Dare not add to our HBL or TRA holdings.TRA is the only share on the NZ market I can find where the PE ratio is lower than their growth rate.
So far MEL and GNE look suspects because of their yields.Other possibilities are AIR,OCA,and SPK.
Companies must be paying a reasonable dive, and have the capacity to increase it.
Well HBL is trying my patience. Great day on the maket today with my portfolio now sitting on a 28% increase for the year. That includes the 9.7% loss I am carrying on HBL - my only loss maker. So its not only the HBL loss I am suffering - its also the opportunity cost. Oh well. Only 4 more cents to fall off and my stop loss is triggered