5Mon·

$RIO (+3.94%) First position

12.12

Rio Tinto ADR

Bought x4 at $63.40

$253.60

13 Comments

S.A.U.@SAUgut77

5Mon

Why ADR 🤷‍♂️🫣

•

Jakub@Kubo

5Mon

@SAUgut77 I have opened first position today as well, what are your arguments for future growth guys? Im in it for diversification and dividends

••

Dividendenopi👴@Dividendenopi

5Mon

@SAUgut77 perhaps Spain only has 🤷‍♂️

••

S.A.U.@SAUgut77

5Mon

@Kubo So with regard to the growth of the share, I would advise you to only ever buy this share anti-cyclically. And with regard to withholding tax, as a European you should always buy the withholding tax-free share $RIO.

••

S.A.U.@SAUgut77

5Mon

@Dividendenopi I think less so 😉

••

Jakub@Kubo

5Mon

@SAUgut77 so buy in weak economy and expect growth in booming economy, right?

••

S.A.U.@SAUgut77

5Mon

@Kubo Rio is a cyclical stock and if you want some growth in addition to dividends, you buy this stock anti-cyclically.

•

Jakub@Kubo

5Mon

@SAUgut77 for example at current price, my strategy is to take profit from my growth assets and put it in $RIO when I think markets are in Euphoria.

I see you are going after dividends, I always went for growth, but I want Europe and dividend exposure

•

Obs89@Obs89

5Mon

@SAUgut77 I prefer $ and save myself queen tax

•

S.A.U.@SAUgut77

5Mon

@Obs89 So the English share does not include withholding tax, why do you want to pay withholding tax? 🤷‍♂️

••

Obs89@Obs89

5Mon

@SAUgut77 I just want to have dollars and euros, not pounds

••

View all 2 further answers