My 2016 Challenge

[muss1]

PS Longhaul, I'd be interested in your learning TA journey as it's something I do plan on getting into further

[muss1]

Latest update. My thoughts on Prophecy international and TFS Corporstions half year results. And some roller coaster share prices to boot.

http://20kstockproject.blogspot.com/...l-and-tfs.html

[muss1]

Portfolio update:

http://20kstockproject.blogspot.com/...-01032016.html

[Ascend]

What's the logic of sitting in so much cash?

[muss1]

Hi Ascend,

Cash isn't part of the plan. I'm looking into opportunities all the time, but I'm trying to avoid jumping in just because I don't want to have a pile of cash. It's counterproductive to my year long timeframe, but so is jumping in to a company just because.

Cheers

[JBmurc]

Hi Ascend,

Cash isn't part of the plan. I'm looking into opportunities all the time, but I'm trying to avoid jumping in just because I don't want to have a pile of cash. It's counterproductive to my year long timeframe, but so is jumping in to a company just because.

Cheers

Missing out on some huge rebounds in the ASX Resources sector last 60-70days----- FMG 100%+,AGO BHP 20%+ , OSH,WPL 20%+ ,,,,as they say be greedy while others are fearful >>>

[muss1]

Missing out on some huge rebounds in the ASX Resources sector last 60-70days----- FMG 100%+,AGO BHP 20%+ , OSH,WPL 20%+ ,,,,as they say be greedy while others are fearful >>>

Yeah I'm tossing up whether to dabble in resources for this portfolio. Have bought in my main portfolio

[JBmurc]

I would recommend MGX ...give you a good safety net with 31cps in cash and now with the I.O price higher a profitable mining operation ,,,SP closed @21c ....

[Joshuatree]

FMG -Vale alliance has put a rocket under FMG price. But are these gains ultra short lived(says he who didn't buy in Getting off before that no exit tunnel if things do reverse; just be nimble out there,good luck.

[muss1]

The problem I have with resources for this portfolio is that if you're wrong about the commodity you could be waiting years for the turnaround. No matter how carefully you select a cashed up, low debt operator, that only maximises the chance they won't go out of business before the commodity cycle turns up, not the short term SP performance.

I can wait that out in my main portfolio but it'll kill my one year horizon. However, there are some juicy companies on offer... Still trying to decide