Black Monday

[Azz]

Everyone load up on debt

It's getting confusing. [Stock market-wise,] US doesn't look so bad; NZ looks like a disaster zone.

[alokdhir]

After latest increase ASB Margin Lending rate is 9.35% ...wow ...used to be 4.95%

To utilise that to buy shares ...one need to think at least 15% yearly return to make it worthwhile . Cant be risky asset as dont want wild gyrations lest margin calls

When it looks ludicrous to do it ...most likely is the best time to do it

[Azz]

When it looks ludicrous to do it ...most likely is the best time to do it

lol...........

[kiora]

Yep
Portfolio approaching ATH again
Jinxing it ?

[alokdhir]

Yep
Portfolio approaching ATH again
Jinxing it ?

I believe U have two stocks portfolio ...IFT / FPH !! Is it ??

[kiora]

Yep + some FUM

[alokdhir]

Yep + some FUM

If I remember correctly ...U like MFT and wanted it in your portfolio ....Dont u think it's good time to switch some winners into it ? Just a thought ...I know u are very learned and have done very very well already

[kiora]

Not for my personal portfolio but adding MFT to a trust investment, drip feeding 3x over next 6 months

[alokdhir]

Not for my personal portfolio but adding MFT to a trust investment, drip feeding 3x over next 6 months

Like I thought ...U are already on it ...

[kiora]

Yes MFT for long term portfolio. In my view bright horizon, not necessarily within the next year but 5-10 yr +
Management succession gets a big tick from me