I have BHP Shares - Share Novice - I'm not sure what to do with them. Should I Hold On or Sell?

phoenixx on 13/07/2015 - 15:26
Last edited 13/07/2015 - 15:27

Hi guys,

This is coming from someone who has no understanding what so ever when it comes to the sharemarket. Have quite a few BHP shares that came from the grandparents years ago.

Plan on hopefully cashing out in maybe 4 or 5 years for part of a home deposit.

I missed out on selling when they reached $37 last year unfortunately. And they've gone down another $3 in the last month and now are at $26.70.

I'm concerned that if I hold on to them they may be worth bupcus when it comes to 5 years down the road.

Does anyone have any insight or advice on an appropriate person to talk to?

Should I sell shortly or hold on to them?

Poll Options

  • 1
    Sell
  • 11
    Don't Sell
  • 2
    Keep them for a little while (see how the mining industry goes)
Financial

Comments

  • KaTst3R on 13/07/2015 - 15:37
    +1

    Dont forget that BHP split out South32 and so you have to look at them in totality to figure out how much your holdings are worth.

    • phoenixx on 13/07/2015 - 15:42

      Ok, I'll look into that. Thankyou.

      • KaTst3R on 13/07/2015 - 15:45

        Your surname doesnt happen to start with an L, do you? I happen to know someone with the same name …

  • Davo1111 on 13/07/2015 - 16:32
    +3

    Sitting here at an ore conference, they reckon the ore price will be flat for another 2-3 years before going up

    • phoenixx on 13/07/2015 - 17:29
      +1

      Wow. How relevant. Thanks Davo!

      • Davo1111 on 13/07/2015 - 17:46
        +2

        No worries! Obviously that's a prediction, but apparently that's what the experts think

        Message me in a week and I'll send you the relevant slides

  • FreedomCC on 13/07/2015 - 17:33

    I'm on the same boat as you, bought it at 30.50. Now I just want to hit myself on the head.

  • chazfg on 13/07/2015 - 18:34

    Hold it and short some call options.

  • bargain ben on 13/07/2015 - 21:57

    You could sell, and cop a capital loss (might be useful for tax purposes) and then re-buy at the lower price.

    Or hold on for the ride. Buying and selling shares should really be a long term investment not short term.

  • Cheap Steve on 13/07/2015 - 22:28

    5.5% dividend yield fully franked. Never thought I would see the day when BHP was an "income" stock. Crazy times.

  • strikerzebra on 14/07/2015 - 09:43

    Basically the china boom is over and commodity prices are getting destroyed such as iron ore being at a 10 year low doesn't do justice for BHP, I believe it will recover but not like pre GFC prices for a long while

  • phoenixx on 15/07/2015 - 08:59

    Thanks for your advice guys! Think I'll hold on to them.

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