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THAT WAS THE WEEK THAT WAS: 27TH NOVEMBER - FRIDAY 1ST DECEMBER 2006
From top share author MALCOLM STACEY
Hello Crazies,
Let's look at a certain kind of defensive share. This is a posh word for a share which may hold its value as all around it topple backwards.
Let's look at supermarket shares. These are said to be defensive because everybody has to eat. So if there's a nasty recession, all other shares may suffer, but supermarkets should survive the storm.
Defensive shares should always be in our bag. We all need to protect the bulk of our assets - and defensive shares are deemed safer than others.
Of course, a died in the wood share-shifter like myself needs a few riskier shares - well, quite a few, actually - to keep the old interest up. Otherwise we fall asleep on the job. And if you don't watch all your shares like a hawk... well you know what will happen.
I have two supermarket shares. Both are doing rather well. They're Tesco (TSCO.L) and Sainsbury (SBRY.L). You needn't follow my choice. If I were you, I wouldn't.
There is also a downside to supermarket shares. These firms constantly have price wars. These run the danger of keeping profits tight. As far as I can see, though, tough pricing has not affected supermarket share values recently - but it could do in the future.
That's all, God bless
To find out more about Malcolm CLICK HERE
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