Originally Posted by
ValueNZ
I won't make any recommendations, but my two largest holdings are Oceania Healthcare and Stellantis.
I'd say any industry that you understand and can gauge the companies ability to generate cash for it's shareholders in the future are the ones you should be looking at. Given a low enough share price in relation to intrinsic value, even an investment in a company operating within a stagnant or dying industry can generate good returns. One annuity provider I'm invested in I expect to have zero or very low operating earnings growth, but should do well just because the price I'm paying is so low for the operating earnings. Probably stay away from the tech industry especially the ones making extraordinary claims about AI, as they all seem to be either fully priced or overpriced.
I'd call a highly levered property purchase a bad investment, it's an expensive unproductive asset. If you're going to use leverage, use small amounts on productive assets, unless you can manage to get it very cheap and noncallable.