1Mon·

$RIO (-1.26%) First position

12.12

Rio Tinto ADR

Bought x4 at $63.40

$253.60

13 Comments

S.A.U.@SAUgut77

1Mon

Why ADR 🤷‍♂️🫣

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Jakub@Kubo

1Mon

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

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Dividendenopi👴@Dividendenopi

1Mon

@SAUgut77 perhaps Spain only has 🤷‍♂️

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S.A.U.@SAUgut77

1Mon

@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.

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S.A.U.@SAUgut77

1Mon

@Dividendenopi I think less so 😉

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Jakub@Kubo

1Mon

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

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S.A.U.@SAUgut77

1Mon

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

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Jakub@Kubo

1Mon

@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

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Obs89@Obs89

1Mon

@SAUgut77 I prefer $ and save myself queen tax

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S.A.U.@SAUgut77

1Mon

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

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Obs89@Obs89

1Mon

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

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