Stockmarket

[Pornstar]

What types of stocks do you target? What strategies do you use? What are your best successes/failures?

A while back I opened a margin lending account and have bought up the top 4 banks, with the intention of holding them for the long term. I just want safe stocks with a reasonable dividend to offset the interest costs and strong capital growth.

 

[Katthawk]

Without revealing all, I have the big four banks at about 50 percent of my total investment. The next 25 percent would be building materials and mining companies along with a few utility companies ie Telstra,AGL. The rest would be supermarkets, grocery companies and agrigultural products/machinery/etc.

All Australian companies, with reasonable reputations of operation. The yield of around 5 percent and mostly franked dividends.

I do have some small investments with a couple of specific businesses who research drugs and so on. I don't have the names to hand.

Hope that helps.

 

[Rooboy 34]

Originally posted by Pornstar
What types of stocks do you target? What strategies do you use? What are your best successes/failures?

A while back I opened a margin lending account and have bought up the top 4 banks, with the intention of holding them for the long term. I just want safe stocks with a reasonable dividend to offset the interest costs and strong capital growth.

Depends on how conservative or attacking you want to be. The banks and established business' with good cash flows such as Woolworths, Fosters, etc should provide long term growth. However they are never going to take off like a lot of some of the smaller less well known companies...

In terms of best successes / failures, every now and then I get a "tip" about a share. Some have been sensational such as SecureNet (SNX) a couple of years ago - bought for $1.80, sold half about a month or so later for $5.00. Sold the other half the next day for $6.50. They went as high as $19.90 before the tech crash.

Another favourite is Norwood Abbey (NAL). I have bought a couple of times around 50-60c and sold out at $1.30 a short time later.

One I am hoping for now is Unitract (UNI). They have been flying of late and hopefully have a few more things up their sleave...

Having said this, I have been burnt a number of times on shares. I bought a couple at the height of the Tech Stock boom a couple of years back, and then got floored. And I bought Lend Lease at the wrong time as well - DOH...