Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, thanks for the commentary, warts and all. Its refreshing away from all the spin. I have held BHP for a long time thru thick and thin. Its 8% of my portfolio with RIo at 5% and FMG at 3%. Should I do reduce BHP or RIO? Away from Banks & Resources, which sector should I be looking at? Thanks & Regards Ram
Hi Ram,
Important to remember that MM provides general as opposed to personal advice. The weightings of your portfolio are a decision for you.
At MM we remain bullish on resources generally based on our reflationary expectations, although we wouldn’t be surprised to see some reversion of this view in the short term term (i.e) resources to cool short term and tech to partially recover. We hold BHP and RIO in MM portfolio’s, and would be a keen buyer of FMG 5% lower.
Our preference in order is: 1. BHP 2. RIO 3. FMG
In terms of other sectors, we like companies exposed in infrastructure development like Lend Lease (LLC) and we like specific value opportunities like Crown (CWN). Ideas can be sources from our portfolio’s here.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
