Hee, yes, i think i heard him hit a patch of ice and bounce off a tree just now:t_up:
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Hee, yes, i think i heard him hit a patch of ice and bounce off a tree just now:t_up:
I sold both my "free" holdings in SUM and RYM,together with my OCA, to buy the new house.
Only one I have brought back into and then added to, is OCA.
The reason is because of the dividend yield.
I don't know whether being mortgage/debt free is such a big deal today with low interest rates.
I just wanted financial independence.
I was one of those who brought on day 1 of listing just over a year ago at 81c... one of a few, as this thread shows.
Great results today - a nice bit ahead on all aspects.
Share price would be $1.20+ if Mr Market wasn't so fixate on the impending bigly macquarie dump...
Just do the block trade(s) already
I too topped up yesterday at $1.10.
I have tried to read as much info on this company as I can recently and have the right 'feel' for them and their business. Especially more so with the kind of directors they have on board.
Happy to hold long term and happy to top up along the way.
I am forecasting 6.3% gross dividend yield for FY19 which means this is the one to own if you want to be paid to enjoy future growth.
Despite the low interest rates that may or may not stay low indefinitely I remain of the view that one of the really important key foundations to enjoying a secure future is a debt free home. Debt is fine in your 30's 40's or maybe even to some extent your 50's but after that...
That said I did notice that the growth to be enjoyed in the years ahead is a free carry with this company if its funded by first mortgage. Something for the young ones to think about and a much better alternative than buying a rental property with all the risks involved with that, in my opinion.