MFG 1.02% $11.39 magellan financial group limited

Hi, I have some spare cash sitting in my brokerage account and...

  1. 440 Posts.
    lightbulb Created with Sketch. 21
    Hi,

    I have some spare cash sitting in my brokerage account and would like to use it for a long-term hold. I came across MFG recently and have been reading past posts in this forum for the last hour. The forum seems to have gotten a little quiet though - even though there seemed to be some great posters.

    It would be a great diversification for my portfolio if I were to buy this - I'd hold it for five to ten years. I basically just don't want cash just sitting there, any there are no other stocks that interest me right now that I haven't already invested in. It would make up 10% of my portfolio.

    Peter Lynch is one of my business idols and I've read his books. I understand there were talented fund managers at Magellan in the states in the past and it looks like there is talent at this company too. It seems like this is a great buy but could someone please point out anything looming ahead that I may have missed.

    Thanks in advance.
 
watchlist Created with Sketch. Add MFG (ASX) to my watchlist
(20min delay)
Last
$11.39
Change
0.115(1.02%)
Mkt cap ! $1.740B
Open High Low Value Volume
$11.19 $11.45 $11.18 $2.892M 254.1K

Buyers (Bids)

No. Vol. Price($)
8 1005 $11.38
 

Sellers (Offers)

Price($) Vol. No.
$11.39 2487 16
View Market Depth
Last trade - 12.39pm 04/12/2024 (20 minute delay) ?
MFG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.