- Block out the noise
- Make tweaks, no wholesale changes
- Keep an eye for your income
- Look out for dollar cost averaging
- Difersity
Tips from Market Falls
These are tips from Wespac Financial Planner David Simon and HLB Mann Judd partner in wealth management Jonathan Philpot on how to weather the market during volatile times:
Billabong (BBG.AX)
I took a small dip on Billabong today at $3.22. Feels a bit gingery already :)Nobody knows what is going to happen in the near future. Billabong share price has been hammered by many events lately. Negative sentiments on retail, euro debt crisis, broader economic slowdown, etc..etc.. to name a few. My aim in owning BBG shares is mainly for dividend purpose. It will go ex dividend on the 19th September, with dividend payout of 13 cents per share. It will make a nice 4% return.. IF the share price is not going to tumble.
According to an article in Sydney Morning Herald, Analyst at Macquarie have an outperform recommendation on Billabong with a 12 month target price of $7.50. This means, that if they are correct, I will double my money in a year time. That sounds good, but then again.. How little we know.. Those analysts are too often making mistakes.
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