JP Morgan is up 95 per cent over the last 5 years where as HGH is down 24 per cent. Weird - I would have thought that all banks would move in lockstep. Well, looks like they don't.
The good news is that most NZers would own more of JPM than HGH - JPM is 1.26 per cent of the S&P500, which would form the core of most KiwiSaver and high growth funds. HGH is now a tiny part of the NZX50 and of course the NZX50 will be a much smaller proportion of the basic growth KiwiSaver fund (one hopes). I just checked Kernel's High Growth fund - JPM is 0.91 per cent. I couldn't see HGH - I stopped looking after I got to 0.20 percent of the fund. Might be there somewhere.
So we can all relax. The underperformance of a single company is not going to have a significant impact on a diversified vanilla retirement fund.
Anyone can elaborate...why so many ruthless selling???
I am not selling right now, I still own some, but sold most of mine around $1.70 . I am looking at where my Task cash will be redistributed, but some part of me feels that longterm there is no growth in this share and I am not 100% sure if this is the right fit for my portfolio. It is a great dividend stock, but no growth in SP
Big hgh div fan. Holding nothing now. Took part in the last raise and got full allocation but changed my mind shortly after. Post this last dividend I had remorse for not getting a few back. I don't think its 4 years away its just another hgh confidence hurdle. Been there before today haven't we. Can go either way. Im waiting for bull to call it a buy. To many like myself have enjoyed hgh in the past and may have rose tinted specks.
I'm well under water here, and got another 673 via the DRP this week to add to the problem.
Regulator very slow in dealing with the Challenger proposal and that needs to be out of the way with all the consequences transparent, and preferably done and dusted, before this stock is going anywhere. Not much buy interest now at all.
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