ASX Shares Sell those Telstra shares ! Buy BHP

Well Telstra shares went down to 4.23 yesterday

And I thought what a good time to buy BUT watching Foxtel's moneycall show the broker said it's time to sell not buy !!

Apparently their dividend is going down down down

BHP shares are the in at the moment at $25.20

 

Maybe? Different strokes for different folks and only hindsight will tell you if you got what you wanted out of it

 

From a long term view I would suggest Telstra shares are at a good buy price ATM..

 

I missed out on Telstra shares when it dropped to 4.00 not to long ago. I had placed an order at 3.99 but came up short. Everything I'm reading says to stay away from Telstra as it's dividends will fall soon so don't expect above 7% dividend returns, I'm guessing it's share price will drop below 4.00 soon and guess is it's dividends will be 6% and under in the near future.

Basic beginner here who likes Telstra, not advice, I know nothing but what from what I read and take interest in.

 

I really wouldn't suggest anyone to buy BHP shares for a long term hold. I know from my personal experience. Just look at the long term price, it's ridiculous! And the yield is crap at only 3% or so.

 

One of my mistake was to buy BHP back in 2007 based upon great financial expert advise. Poor returns etc. Back in 2008 sold all my holdings for BHP put little more money to buy MQG, I wish I had more money back then to buy more MQG!

 

Buy VAS and you can watch GOT instead of financial advisors on TV?

 

When you have families like the Rockefellers who made their money from fossil fuels divesting from such shares, i wouldn't go anywhere near mining shares. A thing of the past imo

 

Actually financial TV channels can be quite entertaining if you do as one of my favourite investment authors suggests:

 

Casron is fun to watch on Sky. I like the suggestion about turning the sound off, that way you can have time to think and listen to your inner voice, which might be better than the experts on the panel.

 

Then just sell the BHP ,sell the TLS ,then wait for the TLS to go below 3 bucks and BHP back below 20 bucks no 2 are the same..imho..

 

Doubled down on TLS myself @ $4.10

 

Me too. I'd suggest sell Bhp and buy Telstra, but each to there own. dyor.

 

Agree, still hold some BHP myself. Have to be the worst i hold.

 

BHP has been good to anyone that's held it long-term over the last 30 years.

Buying commodity producers is generally not a good idea, especially when the majority of their cash flows are tied to iron ore production on the back of China.

Companies in the ASX 200 are generally efficiently priced. All the super funds are buying/selling in the ASX 200, so need some kind of edge the rest of the market doesn't see or have before buying IMO.

Telstra is facing fall out from the NBN. I know people who work at Telstra and they are trimming staff, moving jobs offshore and expecting current staff to work longer and harder because there is someone else waiting to take their position. Not to mention the elephant in the room with TPG entering the mobile market and will offer plans with generous data usage for a fraction of Telstra.

 

Some may argue that is the good reason to buy Telstra as they have room to improve their efficiency.