Investors have rightly been nervous of miners, but BHP Billiton is different, says Phil Oakley.
It might not feel like it, but anyone who has owned shares in miner BHP Billiton for the last ten years has done very nicely. With all dividends reinvested, the shares have returned 445% over the last decade, compared with 135% for the FTSE All-Share index on the same basis.
The last five years have not been as kind. You’d still have made money, with total returns of 88%, but a stock-market tracker fund would have been a better investment (up 104%).
How times [...]
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