Hi Bull
You sign off your posts with "hammertime". Strangely it only shows when I am logged out.
Are you saying something about capitulation or a plunge in shares/markets
Thnks
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Hi Bull
You sign off your posts with "hammertime". Strangely it only shows when I am logged out.
Are you saying something about capitulation or a plunge in shares/markets
Thnks
Bull*&%$ - thats the gap fbu is filling retirement village living with younger more able people who will help you stay younger and live longer.
Haha like.... building apartments?? Wow what a genius idea.
sailor you dont need to take your frustrations about your faulty investment calculator out on me im only posting my assumptions , and as some of us know making correct assumptions and being an early bird and right in those assumptions makes you the most money unlike being part of the herd
Is it safe to be reading this thread yet .. or is a diving suit, hard helmet and deflector shield needed ? ;)
Yeah the calculator is really misfiring at the moment.
It's been an AWFUL year having 25% of my entire net worth in Berkshire, 16% in Occidental Petroleum warrants, 7% in ExxonMobil and Alliance resources and 12% in Markel, 4% In ASX Mader, Esquire, Progressive, All State... (Mostly all documented AT time of purchase on Sharetrader)
Only outperforming the market by around 32% this year.
Super frustrating.
I often wish I could just have 12 Screens and make money off ANY chart, ANY time ANY where.
Then I wouldn't have to work 60 hours a week.
No worries, always happy to share. So the situation is that I can't sell my shares currently but retain full ownership as I purchased them on the Moscow exchange (many people got burned owning them under a different structure on other exchanges).
The company is going from strength to strength and retaining all capital they would usually pay out, if and when I'm able to sell I almost definitely wont. Now I imagine the question was more related to the share price!
I paid an average price of just under 200 Roubles and currently they're sitting at 142 trading locally only. BUT the Rouble has appreciated so much I'm down less than 6% in NZD and thus dramatically outperforming the market over the same period.
Now I had started buying long before the war began, but I used the classic Buy on the Cannon Sell on the trumpet (yet to do that obviously) for my partners account, I was literally buying on nightshift as the missiles were flying and she's up 72% currently.
But as only locals can sell the market prices perhaps not fully reflective.
It's a classic case of Buffett's comment on buying things that you wouldn't care if the market closed down for 10 years. I still have full confidence that it will be a spectacular investment over time but it could also be a 100% loss as well easily enough. I'm glad I limited it to a very small position.
I have significant exposure in Hong Kong too at present and if you are not currently looking there then I suggest you do, some of the companies that supply the world and are exceptionally well managed and have large insider ownership and little exposure to China are selling for PE's of under 2. The Hang Seng right now is America in 1982, absolute washed out multiples on washed out margins, the recipe for getting rich.
When you get margins and multiples expanding together it is immensely powerful.
Here is a bone, I don't want to know what it tastes like.
https://www.afr.com/world/asia/the-20-per-centayear-stock-picker-who-wishes-his-edge-would-disappear-20190103-h19nfo