Hi Selva, I do not know about timing of prices and such, but here is what I did recently:
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Message 17591561
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I had cancelled all legacy annual report subscriptions, sold off residual garbage scripts, and added a bit of mullah to buy the mining shares and some oil shares (BP, RD).
Even so, my stock allocation is still at 5.91%, vs physical gold and platinum of 6.09% vs cash of 45.03% (33% USD, 67% non-USD) and bonds of 21.11% (91% USD, 9% Euro), and real estate for the rest.
I talk a better game than I do:0) and I move fairly slowly in choppy times. The game is for keeps, and conviction is a death sentence.
If I were restricted to 5 resource stocks for the 'long term', as in next 5-10 years, and as in sleep easy in aggregate basket, regardless of anything bad happening in any particular country/region, they would be ... (drum roll) ... I have all five and have had AWK for a while, IMPAY for some time, NEM has been plaything for 3 years, PAAS and RD are new for me:
American Water Works (AWK) - risk: eventual price control
Impala Platinum (IMPAY) - risk: defacto nationalization, and fight-HIV tax
Newmont (NEM) - risk: some derivatives, and gold might fizzle
PanAm Silver (PAAS) - risk: I do not know what is going on in silver market, and PAAS had gone up like a rocket already
Royal Dutch (RD) - risk: not sure, but I needed oil before US-WATing of Iraq happens.
Chugs, Jay
P.S. FYI, I am starting to do this ...
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