Quote Originally Posted by Beagle View Post
Fair point mate. Might as well spend some of your money on a boat than get 1% MEL is safe yield, nice and clean and green (all the ESG boxes ticked) for sure. But what's a fair return in a rising interest rate environment when you can get 8-10% gross elsewhere in some other stocks (e.g. HGH HLG) ?
Yeah...thats right. But in a nice diversified portfolio...we wouldn't want to large a %'s of our money in any one stock..would we ? And one pretty quickly runs out of safe'ish NZ companies to park ones money.