Im going to enjoy a big grumble about my favorite topic.
Good Safe Bluechip Stocks
The biggest most promoted piece of bulldust you will ever hear about stocks!
How Many times have you heard that!, safe bluechips, nothing could be further from the truth!
I bet there are some advisers fielding some awkward phone calls from "conservative investors" at the moment, about their blue chip stocks!
Here are a few below, CBA BHP WOW WPL, they don't look very Safe, graphs seems to be going the wrong way!
In the last 12 months, the so called "blue chips" have destroyed an enormous amount of wealth for Mum and Dad investors that have been depending on so called good financial advice.
Any miner has to find a new hole to dig, and that usually means every few years they are hitting up the poor old stockholder for a capital raising.
Im a bit over all of them, don't know why I get sucked into them!
Gold might be an exception, but all they do is dig it up out of the ground, melt it down, and put it back in a vault in the ground, not that bloody clever, generates no wealth.
Why do I keep them? just as a bit of insurance, in case something sets gold off again.
My money and efforts are to look for Phillip Fisher stocks.
Some Candidates I own like REA CAR SUL haven't been too bad, and pay a handy dividend, might add too them.
But I have been sucked into too much crap, so I need to get focused.
There are some fantastic candidates in the internet sector really just getting started, time to reallocate, why put up with poor performers in old technologies, Fisher didn't!
The fundamentals haven't changed, good companies are the ones that generate wealth and solve humanity's problems, pretty simple stuff really, just need to focus.
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