FNV

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Given the steep price drop today, Is it a good idea to buy some more FNV shares today? Or should we wait for more correction. Thank you

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Asked on November 9, 2020 10:30 am
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Private answer

We still like the long term fundamentals of Franco Nevada.

If you're worried about more of a correction, you could always average in to your add.

For example, if you had $2000 to invest and wanted to top up your FNV, you could purchase $1000 now and $1000 in a months time. That way if it does correct more, you don't expose all of your capital.

Or, you could take it a step further and go $500 at a time.

The amount you average in and the length of time can be whatever you want it to be.

The choice is ultimately up to you.

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Posted by Dan Kent
Answered on November 9, 2020 10:45 am