LOL Not just the NZX50c - Aus All ords down 3.8% in that period too, as well as the Aussie dollar dropping about 1.5% against the Kiwi! MFT must be the cause.
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maybe with the assistance of EBO...also developing stone like attributes
Jeez 3% swing in share price so far today …low 62.40 to 64.20 now
Was listening to this podcast while sitting in Auckland traffic this morning.
The guest was talking about buying winners (AKA MFT) and HOLDING them and letting them compound.
He said his eureka moment was when he was told if you buy two different companies, and one goes up 20% pa for 10 years and one goes down 20% pa for 10 years your total return would still be a very respectable 17% pa.
The message was it is okay to make mistakes as long as you hold your winners and let them compound.
I dont hold MFT but when I buy in on this dip I intend to hold for 30 years.
you going to eat those words RAWZ. Im pretty confident its going to break $50 in this down cycle.
Yeah I too would love to buy massive compounders and hold them (on the IFT thread Kiora is the man). Tend to buy cheap undervalued stuff which will go up a bit, but not the multibaggers. Too cheap to buy the good stuff I guess.