AMP, WOW, NEC
Hi, long term subscriber but not asked any questions of recent times. I am starting to turn some of my SMSF portfolio 'exposure' from growth to income. Generally I am a contrarion trader which sometimes works for me sometimes gets me into trouble. Echoing Buffets sentiments though - sell when everyone is gready, buy when everyone is fearful and buy good quality buisnesses when they are on discount. You heard it all before. With this in mind I have started to dip into WOW and NEC = two beaten down stocks of recent times. WOW is still a great business, and lots of negative news at the moment. Its not a great dividend yield but I am happy to have it in my portfolio at the moment at these levels ie as a turn around story and stable if not exciting yield. NEC also caught my eye, way more volatile, good dividend yield (dont want to fall into a dividend trap) and traditional media company when media is 'in transition' (observe some of the takeways from the recent Trump win - Elon etc) but I think its still one of the better media businesses in Oz (they have some great assets across traditional, digital, radio & content) and its been sold down way too much I think. Lastly AMP. Have had in my portfolio for a number of years, entry price around 1 and watched it rise and fall and fall. Do I hang in there or reallocate? Thoughts on all three if I can please
