Despite having suffered huge losses in my BHP portfolio, I kept my faith which seems to be rewarded as the great asset transition has begun and big money is moving out of the banks and back into undervalued mining stocks.
According to the above article in the Australian Financial Review, the country’s largest superannuation fund (Australian Super) is moving retirement savings out of the Commonwealth Bank and into resources. According to the AFR, it's a sign that the market is rotating back towards the commodities sector and striking the major players, like BHP, first.
The last commodity bull cycle kickstarted in 2005 and continued until 2012 ... about seven years, which perfectly fits my personal time horizon. Another piece of news - although not from the Australian Financial Review - is that remorseful Erin Patterson, following the result of her criminal trial, has offered to cook her signature dish for everyone involved, including the judge and jury. Curiously, they all declined.
By way of a cautionary tale, one of my blog readers emailed, "Sorry for responding so late, but my wife hit me with the divorce papers. I don’t know yet where this is all going, but I get back to you. Meanwhile, I'm reflecting on your recent post about "Wer einsam ist, der hat es gut!".
