Is it the time to skew portfolios to a defensive stance?
Hi Shawn I'd appreciate your views please on the following strategy. (And sorry---it is a bit long winded). With the world in a bit of a dither and looking like being that way for a while-----I am looking to cut a lot of "chaff" from my current holdings and take on a more defensive set of stocks. I currently hold 5 different Gold stocks. I intend holding these even though they are at considerable loss atm.?? I hold FMG & NCM--as above; but thinking of adding to both at current levels?? I hold WBC---as above and thinking of adding; as well as buying CBA and NAB?? What would your entry point be for both?? I also hold REA, XRO, TPG, MFG, LYC, ABB, AD8, APX, ALU, CAJ, CSR, GMG, ITK, IFL---and a few "also rans". Questions: 1. What is your thoughts on the strategy? 2. Do you favor any other "defensive stocks that I should look at? Thanks once again MickO'
