The Desert Portfolio
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Re: The Desert Portfolio
I am thinking in particular about Newmont Mining (NEM), it has never been lower in inflation-adjusted price than right now, but my quotes only go back to the late 1970s. Schwab Equity Ratings has it as an "A" rated stock in an "F" rated industry. I think I'll buy some this week. It has been beat down -77% since its 2011 peak.
- dualstow
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Re: The Desert Portfolio
Be careful. It can always be beaten down further.
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Re: The Desert Portfolio
Sounds like many people here have had that experience!dualstow wrote: Be careful. It can always be beaten down further.