Hi all. While I am a happy enough MYS shareholder, I think it...

Hi all.

While I am a happy enough MYS shareholder, I think it should be always be approached as being part of a diversified portfolio.

The high exposure to Tassie is a fact of life and Tas can be a difficult place and quite illiquid (say in relation to selling a property) vs other markets. The real estate market has phases which include upswings driven by mainland investors and downright desperation when no one wants a bar of it.

I'm in no way knocking MYS, and I know they are somewhat a diversified business, and I know a lot of analysts are positive on it, and I'm a happy accumulator, I do think it needs some caution when buying. OK to hold, but please diversify too. All IMO.