you must be very good being able to see the future in 7 -10yrs and know that it will all work out , with skills like this you must be on the NZ rich list ?
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Yes, and perhaps an even bigger reason very few can see it how we do is that they are not comfortable with their own analysis, so a stock price below their purchase price means that they think they're wrong (most likely they are). They need market pricing to tell them the value of the business.
For us, if $100 notes keep getting offered to us for lower and lower prices we are among the very few that think this is a good thing.
Yep we get it you are buying lower in the hope of selling higher. Be it dividends reinvested or you just buy more shares.
It's basic compounding and averaging down. Which may or may not work out over time.
Sorry to sound like a smart arse, but its hardly rocket science.
Another down day in the US, at what point do higher interest rates and fixed interest securities look better than a diversified equity index fund dropping in value.
When will people nearing retirement and financial advisors start weighting portfolios more heavily in fixed interest as all standard financial advice advises.
Will this switch tank the stock markets?
Bought Davita on the drop, decent position, highlighted the opportunity here. Now it has raced up and given me nearly 12 months return in a few days.
I am absolutely gutted.
What I wanted was for it to drop another 50% or even 80% AFTER I had bought it.
Yes even better if before I bought it but once I've bought it, then I use Raws strategy of wishing and hoping for it to go wayyyyy down.
Hey SailorRob …is Blackbeard one of your relatives
Of course.
Another reason to be extremely upset that I've made so much money so quickly is that davitas capital allocation is devoted to buybacks. They have halved their share count over the last few years.
So the lower the price drops after my purchase and the longer it stays down, the more I make.
Provided I'm right about the business long term. Welshers 200 million USD stake...