Anton Tagliaferro: Telstra was a great ride, but we're getting off

Anton Tagliaferro: Telstra was a great ride, but we're getting off. In large-cap stocks, among the best decisions we made was continuing to buy Telstra shares all the way down to $2.50 as the Future Fund sold its shares aggressively. We ended up with more than 7 per cent of our portfolio in Telstra at that price. Although at current prices of over $5 we have been taking profits. Overall we have been pretty cautious on the sharemarket for a while now, given quite high valuations and a continued mixed macroeconomic environment. We are very cautious of domestic cyclical stocks as we believe any economic recovery here in Australia is likely to be pretty insipid. (VIEW LINK)

The Livewire Equities feed brings you a range of insights that relate to Australian equities


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.