Is Telstra (TLS) a serious candidate for a growth portfolio?

Hi Robert,

A great question, Shawn & I have discussed this very subject a few times this year, he’s more pro the stock than myself moving into 2023:

Shawn’s take:

• If TLS can rally 5-10% in 2023 and pay a 4.1% dividend it might look great after 6-12 months if the ASX takes another leg lower, remember MM is looking for a more defensive stance into Q1 of next year i.e. just because its a “Growth Portfolio” first and foremost its about making $$ which many of the classic growth stocks have failed to do in 2022.
• This year we bought TLS for our Income Portfolio and TPG Telecom (TPG) for our growth, over the last 6-months TLS is up over 6% while TPG has fallen -15%, neither very exciting but at least TLS is up, especially after dividends.
• In conclusion TLS is not a traditional growth stock that we plan to hold for years but it can be a useful defensive holding when markets struggle.
• Some spice could also be added via asset sales.

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Telstra (TLS)

LAST UPDATED 16/12/2022 16:28

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Telstra (TLS)

LAST UPDATED 16/12/2022 16:28