trading fpara, page-7

Redmoon,

I believe the market is as much a ecosystem as the jungle is. I would not try to persuade a tiger to behave like an elephant.

I have held FPH/FPA since 95, sold some before the demerger, and sold my FPH a few years ago.

Done mostly resources the past 5 years, saw FPA as one safe opportunity I knew well to get a significant% of my portfolio diversified, but in something I understood reasonably well (and liked/admired as people).

Basically as with most NZ shares bled dry with divi's over the years, and forced to take on debt to grow. But hey most of us got caught with too much debt in the once in 80 years storm.

I don't know where you get the great ten baggers in resources, the best I seem to get mostly is a two or three bagger, and as often as not a lucky escape with half the shirt torn off my back.

Goodluck, but these are likely to give me a half decent income from divi's even if all my resources blow up.

EL