Name one ASX stock to have in your portfolio - long term

Discussion in 'Stocks & Derivatives' started by harry_mr, Jul 7, 2020.

  1. harry_mr

    harry_mr Active Member

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    I'm asking you to name 1 only (per post, as many posts as you like) ASX listed stock that is your must have in your portfolio and the reasons why. No need to argue about other peoples choices on here but looking for input from others about these stocks.
    This is 'long term' only which I would consider up to 5+ years.
    Ill start another thread on others stock for those interested after this has run its course.
    **No investment advice sought or given, for peoples research and interest purposes only in this thread.
    Ill start with CSL.ASX
    Pro's: Its unique business in many ways, long history, pays dividends, aging population health care.
    Cons: High price, P/E ratio high
     
  2. STC

    STC Well-Known Member Silver Stacker

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    ASX: MLL
    Lithium is the main component in electric storage be it home or car, MLL is the 5th largest lithium deposit on the planet & a recent resource upgrade & increase in purity puts the mine life over 16yrs. When all the battery mega factory’s under construction in Europe become operational MLL has the essential raw material to supply with the possibility to produce concentrate onsite massively reducing transport costs.
    They also hold a lot of gold rich land surrounding an existing gold processing plant which in the past has paid millions in royalty’s to MML.

    I think short term gain to be good but long term could be massive.
    .
     
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  3. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Any stock that deals with liquidations/bankruptcies
     
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  4. precious roar

    precious roar Active Member

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    ASX: MSB

    Medical stock researching and developing stem cell treatments for a wide range of illnesses, including corona virus.
     
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  5. slavaja

    slavaja Well-Known Member Silver Stacker

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    ADT base metal and precious metals project located in Bosnia with a IRR of 107% on its scoping studies
     
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  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I second ADT - real potential in the current price. I like it. Reasons: Current NPV >USD$900M, MCap USD$280M.
    However, I don't commit to companies as long-term holds. I hold only while ever they are showing potential.
    I am a disloyal, price-rise-potential, ASX code slut.
     
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    EOS for the long term. I'll buy when I offload my ADT holdings in the short term. :D

    Or maybe sooner if Argonauts wins the first at Sale tomorrow paying $10. :p
     
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  8. Grizzly

    Grizzly Active Member

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    CBA.AX Because I'm getting too old to have large percentages tied up in speculative, volatile plays, as much fun as they are. People are worried about banks at the moment so the price is low. CBA is the best bank in Australia. Buy now and collect dividends for the rest of your life.
     
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  9. Tennessee

    Tennessee Member

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    None. There are much better plays
     
  10. Justin Thompson

    Justin Thompson Member

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    MSB

    I totally agree with precious roar. Completed 3rd phase trial got preliminary FDA approval with 9-1 Votes in favour now just awaiting sign off in Sept.
     
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  11. silverhair

    silverhair Well-Known Member

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    I second CSL, its a near monopoly in global terms.
     
  12. leo25

    leo25 Well-Known Member Silver Stacker

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    ASX: ASM

    Though in 2 months it's gone from 97c to $4, so also tempted to sell and take some juicy profits.
     
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  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Could average up?
     
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  14. leo25

    leo25 Well-Known Member Silver Stacker

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    I could, but i think ScoMo would prefer if i took the money and used it to stimulate the economy. ;)
     
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  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I bought a ticket during the week for a ride on a helium balloon.

    Screen Shot 2020-10-17 at 3.02.01 pm.png

     
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  16. harry_mr

    harry_mr Active Member

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    Speci...?
     
  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Yep, like most of what I buy personally :D
     

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