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I have been a subscriber for a few years now and have owned shares in BHP and RIO among others in line with your income portfolio.
Some commentators suggest that when China cuts steel production, the demand for iron ore will drop significantly lower than what is currently being experienced. This no doubt will decimate the share price of these two companies further. Should I sell out now and take a massive loss to avoid more pain?
Also, I have still to put my head around Woodside Petroleum, Origin Energy, Woolworth and Primary Health. Any words of wisdom here will definitely help. I am a long term investor and am prepared to hold for the long haul as long as there is no hidden agenda that will stop these companies from turning around.
A: I just think that you have to be patient with this market.
While interest rates stay low, I just cannot see the alternative investment options.
In the model portfolios, I try to maintain some exposure to most of the sectors – but take biases. Unfortunately, this has included a position in the materials sectors in stocks such as BHP. In hindsight, it would have been better to have no exposure, but then, I don’t claim to have perfect foresight to say when the sector will bottom. Please review carefully the construction rules.
In a portfolio, not all stocks will be winners.
In relation to the specific companies you have mentioned, I don’t see anything amiss with the company/management/industry that says “I need to get out”.
