You really are your own worst enemy.
Best Wishes
Paper Tiger
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LOL great humour that eases the annoyance of a down day after such great news.
As far as a well diversified portfolio goes, yes great conventional investment wisdom but please direct me to other stocks with such a compelling growth / valuation story as I can't find any.
Paper Tiger you could be right im just enthusiastic for the stock my wife and I decided to put around 75% of our portfolio into Ryman and Sum which we had before I whizzed over to CNU to grab a dividend planning on then coming back over again but chose bad timing and found ourselves in CNU media beat up I will probably balance out with some Rymans now,thanks
You shouldn't put so much into one company... Every company has risks. If you hadn't bought such a large holding in CNU your losses would have been much MUCH less!
I thought this would have been a good enough incentive to make yourself a rule to not invest too much in one stock. CNU is a speculative stock fulled with political turmoil! I personally don't put more than 5% into a speculative stock. Making mistakes are alright as long as you learn from them!
Stop trying to get rich quick!
The retirement industry is obviously a lot safer industry but again i personally wouldn't put anyone near 50% in one stock. I understand you have experience/knowledge in the retirement industry and if that's true then good idea sticking with what you know, but still be careful throwing money around.
How did you come up with those figures if i may ask?Quote:
I estimate Sum current true value at around $3.80, Met at $4 and Rym at $6.9, I think Met has run ahead of itself and Rym is fully valued my advise for any members thinking of buying Sum do so before next year or you'll miss the boat, double your money in 5 years in Rym or triple it in Sum your choic
It seem's to me like you are buying/selling based on what people say on ST here SNK..CNU.. anything else? Don't buy based on what other people say DYOR.
Personaly i don't think your currently in the right mind set to be investing. Reading your CNU post's it looks like after taking a paper loss on CNU you are throwing it into SUM trying to catch the share price appreciation you missed out on.
I suggest you read Intelligent investor, one up on wall street, all the sharetrading books you can get your hands on and talk to a financial adviser.
Disl:
Don't buy or sell anything based on what i say i'm new to trading too see a profesional. I'm sorry if anything came of harsh i don't mean to be. I am just suggesting that you make yourself some rules, read those books, talk to a financial adviser and do solid research on the shares you own and the shares you may want to own.
Good post Wolf. It's a well worn cliche but "Not putting all your eggs in one basket" rings truer than ever.
EPS growth of 25% per annum for five years = triple your money in five years if the PE stays the same.
Huge tailwinds in the sector.
Strong pipeline of well positioned new developments.
Increasing margins due to bringing development in house like Ryman do.
Stock overhang removed.
Growing brand awareness due to consistemtly winning the prestigious awards leading to positive demand for future developments
Broker valuations kicking around $4 a few months ago before the recent spate of positive news.
It's an interesting situation. If you diversify across the sector, then arguably RYM and MET have more potential downside given anything happening like another financial crisis, a big hit on the NZD, etc.
I think its a really good move getting out on CNU. Diversification is fine IF you can find a range of stocks that you believe are compelling value and have an excellent and clearly defined growth stratagy. I am stuggling to find other compelling growth propositions and am mindful that Ryman has tripled in price in the last two years and is not without risk having embarked upon their overseas expansion plan.
Ryman priced for asbsolute perfection, growing more slowly and with greater risk ? and have I mentioned shoody service in some of their Dementia facilities, putting profit before people ?
Metlifecare has been one of the worst managed companies on the NZX. Get some more runs on the board and then I might be interested in them.
Hi Moosie/Roger/Wolf and others,Its been a tough today alright a few small tears shed and my wife has given me a severe scolding for selling retirement stock and being greedy by whizzing over to Chorus to collect the large dividend and getting caught right in the middle of the nutty internet coalition launch etc as we had agreed to leave 75% of our portfolio is Sum and Ryman thanks Moosie for sticking up for me I must shout you a beer next time Im iin napier , Roger I'm right with you on this one, there's another old saying that says put all your eggs in one basket and watch it intensely, actually apart from Sum and Rym I only have around 5% in each of Peb/Dil/Zel/Ttk/MRP/SLi and 0.5% in Snk
I'm sorry if i came off strongly it sounded very much like you were jumping in and out of stocks. Bit of bad luck with Chorus really. I really do suggest you read those books if you haven't read them though. I'd suggest looking at stop losses too, if you'd implemented one on Chorus it would of helped out but the stock market is always clearer in the rear mirror than the front i guess. I'm aware of the saying just make sure you do watch it intently :t_up:. No regrets either we've all screwed up.