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AMP share offer

Discussion in 'Shares' started by Ace1, 26th Nov, 2008.

  1. Ace1

    Ace1 Member

    Joined:
    4th Nov, 2008
    Posts:
    9
    Location:
    Sydney, NSW
    Regarding the latest share offer by AMP, I'm tempted by the fact that I still think AMP is fundamentally strong and at $5.30 with no brokerage seems good value. And I'm heartened by the strong institutional interest that it attracted. The downside I'm feel kind of burnt by this share, bought in at $16.70 and $17.80 after the initial demutualisation.
    So my question is buy another parcel (I was thinking $2000) or invest into my managed fund which I just started. Thoughts?
     
  2. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    if you feel this company has a good long term view, then buy it, your going to dollar cost average your price down which is good.

    $2000 isn't exactly a large sum of money, so give it a go!