Club Mulgoa

Sunday, February 12, 2012

Shares are cheap?

http://www.theaustralian.com.au/business/opinion/even-a-muddle-through-would-be-good-news/story-e6frg9r6-1226264060412

I don't like this kind of articles. It is an opinion. As a lay investor, it does not tell you what to buy so I find it frustrating. But I have laid it here to highlight the fact that it is important to buy cheap stuff that people don't want for whatever reasons.

IGR had a good announcement last week... and the share price fell by 0.5c. ABU continues to extend its surface gold and the share price is stagnant. For those who cannot take risk, consider what the banks will pay in dividends (with imputation credits) relative to you parking your money in them and only earning miserable taxable interests); even my late father knew that.

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