I've been buying bits and pieces in both the oil and iron sectors. As usual, I didn't manage to pick the absolute bottom, but still feel there is value in the longer term.
Things I've bought in the last 6 months:
- $20k of BHP.
- $10k of Santos.
- $10k of AGL
- $10k of UOS
- $10k of VEU
- $10k EAX
- $5k of CIN
- $45k of VAS when the market was in the 5100-5200 range. Not trying to pick winners, but happy to index in at lower values.
These are in my "bottom drawer" allocation. i.e. businesses / ETFs I see as things I can happily hold forever, and are currently at what I think is a good price.
The next are very much specualtive buys, that I'm happy to trade. Compared to the $ above, its really play money.
I've also got open positions with NWH, DCG and FMG, all of which were speculations that I've lost significant $$ on (20%-70%), gambling too early. Fortunately, overexposure to REITS over the same period has offset these. The REITS I mostly picked up while they were smashed up during the GFC, so a "value" attempt several years ago. I'm hopeful that the energy and materials stocks will seem the same in hindsight, but its painful in the meantime!