RE: Purchase25 Apr 2020 12:53
Interesting choices. It’s really hard to call the next 6 months the recovery period. No vaccine by Winter spells a huge problem. Banks are facing a monster challenge - interest rates pretty much non existent and this will hurt margins, and that is on top of any increases in bad debt, so right now they aren’t on my shopping list. I suspect there will also be a rush to sell any large offices now that remote working is better understood. Oil is an interesting one - personally I don’t see the $130 barrel days returning as the world and the views on oil and the climate are changing. That said there are opportunities IMO, but I would be staying well away from the small and mid cap Oiler’s and sticking with BP/RDSB, but drip feeding at certain buy in points only. They have the balance sheets that mean they can pick up cheap resources from bankruptcies, so even if the oil market heads south again they offer some protectionsI like good tech and healthcare and will always balance portfolio with food retailer - not exciting but right now I see it as a safer hold. All IMO and I am clearly still working so haven’t made any fortunes!