Just got off the phone to my broker.. My original choices were going to be AMP, Bluescope steel, Computershare, Highlands pacific and S8 limited.. We had a discussion, he said i should only have 3-4 stocks witht he amount of money i had. So the 4 we chose were AMP, Babcock and brown, oxiana and S8 LTD. He compared babcock and brown to the likes of macquarie bank, its currently at around 13 dollars a share, the company is a big international company that has been in business for 28 years and on the ASX for a couple years. He didnt want me to go to Highlands pacific because i had already been smashed on the stock market by gympie gold and he said it could be too much of a risk for me and a good mining stock to go for was oxiana as they are making good profit on their gold and copper mine and have huge deposits in their mines. He didnt know much about S8 but it was a little tip i got, they are a resort company with a fair few big hotels in major tourist areas and are always turning over good profits.. I liked AMP because it seems to be an unbreakable stock, it withstood all that bad luck over the past few years so it looks pretty solid...
I have 65% outlay on AMP and BNB and 35% outlay on OXR and SEL.
So yeah.. AMP is at $6.75 a share, BNB is at $13.44 a share, OXR is at $0.95 a share and SEL is at $1.80 a share
It looks to be pretty solid... No high risk stocks, OXR is a medium risk but looks good.
