Bit of resistance atm at that 285 level, need to break that to move towards the magic $3 mark.
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Bit of resistance atm at that 285 level, need to break that to move towards the magic $3 mark.
I seem to recall you bought Chorus because it had a nice divvy etc and then something happened.
Now you have far too high a percentage of your portfolio in AIR than is sensible.
Just saying :cool:
Best Wishes
Paper Tiger
Very unhealthy in Shah Alam
LOL, classic. You need to start flying around the country, (AIR N.Z.) of course and start collecting abandoned flea ridden dogs...more fun that teddy bears and so much more rewarding to own :)
Yeah fair comment and probably explains why sales of new cars. big screen TV's, electronics, computers and Briscoes type products are going from strength to strength too.
I believe our friend believes in the Joshua 1:9 principle of investing. His courage is in many ways very admirable. He will get a mammoth payday when this company's excellence is finally understood by the market.
The other thing is if people's income is significantly above the average and their living costs significantly below the average they're in a far better position to withstand the turbulence that comes from a less diversified portfolio. Just saying :cool:
I Think the Buff sums it up ...
Investing within your circle of competence
“Risk comes from not knowing what you are doing. Why not invest your assets in the companies you really like?”As an investor it is very important to stick to what one knows. It is impossible for one to know everything about every company. Buffett does not try to invest in companies whose business he does not understand. He sat on tens of billions of dollars of cash during the technology boom because he had no expertise in technology. This even though he is a close friend of Bill Gates! It is important that one does not give into temptation and understand his circle of competence, however small it might be.3. Diversification: Buffett’s take on it.
“Wide diversification is only required when investors do not understand what they are doing.”This again goes with Buffett’s philosophy of investing within one’s circle of competence. Diversification to avoid risk is not a great idea at all. Diversifying can in fact lead to loss of profits when money is spread across too many investments. As Buffett states “diversification is a hedge against our own ignorance. It makes very little sense for those who know what they are doing”. Being a successful investor requires rigor and discipline. If one cannot do either, then he is better off being a passive investor, and index funds would be a better choice for him. This is one principle where Buffett disagreed with his guru Benjamin Graham. Graham recommended diversification into various stocks and index funds for all retail investors.
She's away now, winner are you watching?:cool:
Thanks stoploss for the above post, eventually I will become even less diversified once the remaining rats and mice in my portfolio either break even or are eradicated, I'd be happy to have 3 or 4 stocks only, cheers
IMO it's not about 'knowing what you're doing'. The future's unknowable.
My max percent holding in one stock is 10%; less for small caps.
Nearly 40% in one stock, however good, seems very risky.
I've done enough research now to realise that the big money is made by those with large holdings in well managed quality stocks such as this one. All of life is risky but everyone has a different tolerance to risk, driving your car is the riskiest thing you will ever undertake on a regular basis but are people going to stop driving cars?