The Best Australian stock portfolio for 2008
In these volatile times what is the best stocks. where is the best option to bring in some $$ gains. do we start storing our cash in high interest savings accounts or gold stocks or is there still hope in the stock market. By the looks from recent shocks in the market , America is definitely heading towards recession more sooner than later irrespective of what the government can do to try save it from its fate.
Irrespective of what the reputed brokers and reputed financial consultants have been telling you that the china and India boom and growth will keep our stock market strong. Its not gonna happen and you will still keep getting margin calls if margin broking is your thing
The Recession scenario for 2008 will unfold like this
- More Market volatility from sub prime woes in 2008
- US entering recession Therefore less consumer spending ( less Chinese exports to US )
- Less earnings for china from reduced Chinese and Indian exports to US thus slowing growth and income in these growing economies
- Therefore reducing their buying and financial power in importing the needed resources from Australia
So forgets what all the broking pundits have been saying and belt up for some turbulent weather, they economy of growing countries like china and India will certainly be affected by recession in US , which will filter down to us here in Australia.
So what are my picks , what is my portfolio for these turbulent times. HERE ARE SOME STOCKS I HAVE PICKED WHEN THE MARKET CRASHED THIS JAN 2008
CHECK OUT MY 10 BEST BETS BELOW WHICH IS QUITE A DIVERSIFIED PORTFOLIO
- LEI $43.10
- ANZ $25.67
- HVN $5.54
- WOW $29.32
- WBC $25.33
- BHP $33.99
- MGX $2.26
- RHG $0.23
- BPT $1.25
- PLV $1.46
Some info on my stock pics
Mount Gibson Iron Limited ( MGX )
Business Description
Mount Gibson Iron Ltd (MGX) is involved in exploration for iron ore in Western Australia. The Company controls three iron deposits in the mid west region of Western Australia, namely Tallering Peak, Mt Gibson and Koolan Island.
Trading Status: Trading
Former Names: Whittakers Ltd (WHK), 2/01/2002;
ACN:008 670 817
Chairman:Neil Hamilton
MD:Luke Tonkin
Level 1, 7 Havelock St
West Perth,WA 6005
Tel:(08) 9485 2355
Fax:(08) 9485 2305
http://www.mtgibsoniron.com.au
Pluton Mining ( PLV )
Business Description
Iron ore exploration in WA and copper-gold-silver exploration in Fiji and Tasmania
Trading Status: Trading
Former Names: —
ACN:—
Chairman:Albert Wong
MD:Anthony Schoer
Level 10, 492 St. Kilda Road
Melbourne,VIC 3004
Tel:(03) 9820 3802
Fax:(03) 9867 8587
http://www.plutonresources.com
ANZ Banking Group Ltd (ANZ )
Business Description
ANZ is a major Australian-based bank operating a retail and business banking franchise in Australia, New Zealand and throughout the South Pacific. Australian operations make up the largest part of ANZs business with commercial & retail banking & funds management. Following the acquisition of National Bank of New Zealand, ANZ is the largest bank in New Zealand. Expansion in the Asian region in is being undertaken with a presence in 14 Asian countries. Of most significance are partnerships in China, Indonesia, Malaysia, Laos and Cambodia.
Trading Status: Trading
Former Names:
ACN:005 357 522
Chairman:Charles Goode
MD:
Level 6, 100 Queen St
Melbourne,VIC 3000
Tel:(03) 9273 6141
Fax:(03) 9273 6142
BHP Billiton Limited (BHP )
Business Description
BHP Billiton is the largest diversified resources company in the world operating in over 50 countries. Core activities comprise the production and distribution of minerals, mineral products and petroleum.
Trading Status: Trading
Former Names: BHP Limited (BHP), 29/06/2001; Broken Hill Proprietary Company Limited (The), 02/11/2000.
ACN:004 028 077
Chairman:Donald Argus
MD:Marius Kloppers
BHP Billiton Centre, 180 Lonsdale St
Melbourne,VIC 3000
Tel:(03) 9609 3333
Fax:(03) 9609 3015
Woolworths Limited (WOW )
Business Description
Woolworths (WOW) is Australias premier retailer with the primary activity being Supermarkets – Food & Liquor. Other operations include BIGW discount department stores, Consumer Electronics through Dick Smith, PowerHouse and Tandy and petrol retailing through Woolworths/Caltex alliance and Woolworths Petrol Plus service stations. Woolworths has also diversified into hotels with acquisitions of ALH, BMG, MGW and Taverner Group. More recently the company has expanded to New Zealand with the acquisition of Foodland Australia NZ supermarkets, trading under the Progressive Supermarkets banner.
Trading Status: Trading
Former Names: —
ACN:000 014 675
Chairman:James Strong
MD:Michael Luscombe
1 Woolworths Way
Bella Vista,NSW 2135
Tel:(02) 8885 0000
Fax:(02) 8888 1029
http://www.woolworthslimited.com.au
Harvey Norman Holdings Ltd (HVN )
Business Description
Harvey Norman (HVN) operates in the retailing sector principally as a franchiser. The stores sell homewares, electrical products, and computers. Revenue is derived from retailing, the provision of advisory and advertising services to franchisees, and property investment. The company has about 167 outlets in Australia, New Zealand, Slovenia and Ireland and investments in controlled entites Rebel Sport and Pertama Holdings (Singapore).
Trading Status: Trading
Former Names: Caviton Ltd, 20/05/1987.
ACN:003 237 545
Chairman:Gerald Harvey
MD:Kay Page
A1 Richmond Rd
Homebush West,NSW 2140
Tel:(02) 9201 6111
Fax:(02) 9201 6250
http://www.harveynorman.com.au
Leighton Holdings Limited (LEI )
Business Description
Leighton Holdings Ltd. is the parent company of Australias largest construction and contract mining group, majority owned by Hochtief AG. The groups activities focus on contract and project management and property development in Australia, the Gulf, Hong Kong and South East Asia. LEI is Australias largest engineering services contractor. It also acquired Henry Walker Eltins mining business in early 2006.
Trading Status: Trading
Former Names: Leighton Contractors Pty Ltd, 01/07/1971.
ACN:004 482 982
Chairman:David Mortimer, Peter Noe
MD:Wallace King
Level 5, 472 Pacific Hwy
St. Leonards,NSW 2065
Tel:(02) 9925 6666
Fax:(02) 9925 6005
RHG Limited ( RHG )
Business Description
RHG Limited (RHG, formerly Rams Home Loans Group) is a specialist provider of residential home loans throughout Australia. RHGs business includes the origination, distribution and funding of residential home loans.
Trading Status: Trading
Former Names: RAMS Home Loans Group Limited (RHG), 15/01/2008.
ACN:—
Chairman:John Kinghorn
MD:
Level G, 44 Bay Street
Ultimo,NSW 2007
Tel:—
Fax:—
Beach Petroleum Limited ( BPT )
Business Description
Beach Petroleum Limited (BPT) is an oil and gas producer, developer and explorer. The company holds varying interests in exploration and production tenements in Australia, New Zealand and Papua New Guinea. Beach is focused on production from 3 producing assets and a high reward exploration program.
Trading Status: Trading
Former Names: Beach Petroleum NL (29/1/2003)
ACN:007 617 969
Chairman:Robert Kennedy
MD:Reginald Nelson
Level 1, 25 Conyngham St
Glenside,SA 5065
Tel:(08) 8338 2833
Fax:(08) 8338 2336
http://www.beachpetroleum.com.au
Westpac Banking Corporation (WBC )
Business Description
Westpac is Australias oldest bank operating a significant banking franchise in Australia and New Zealand with balanced exposures to retail, corporate and institutional sectors. Aggressive expansion via acquisition in the wealth management area has complemented the banking activities transforming WBC into a solid financial services house. Westpac is one of Australias four major banks.
Trading Status: Trading
Former Names: Bank of New South Wales, 01/10/1982.
ACN:007 457 141
Chairman:Ted Evans
MD:David Morgan
Level 20, 275 Kent St
Sydney,NSW 2000
Tel:(02) 9293 9270
Fax:(02) 8253 1888
Taipei Times – archives
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