Go for it mate ...the market needs people with heaps of exuberance to keep it rising
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Very, very close to my self imposed 10% portfolio limit already mate. (Note to self, no matter how tempting the opportunity I must, must, must stick to my own rules) Old dogs can learn new tricks and this one learned during the GFC never to stick your neck out too far with any one investment in case you're wrong and get a really serious hair cut.
I think this whole risk mitigation for my money, (portfolio spreading) is age related. When you're young you can afford huge risks and putting all or nearly all your eggs in one basket. At various stages of one's life the risk mitigation should start to come into play especially once one is within about 10 years or so from retirement or in semi retirement or retirement already. Hopefully by one's mid 50's for example, there's no real need to take untoward risks and one is already well positioned. (You reading this Couta1 ?).
Some people ran for the hills about 2 years ago when Trump was elected and I don't mind admitting I was one of them. It cost me a bit but I didn't stay out for long.
Yes Trump certainly was a "Black Swan" event we all got wrong.!
No the posters going 100% cash was well before that.
The trouble is that if I had held my previous undiversified approach I would be massively better off than I currently are, selling off my outrageous sized positions too early has been my biggest mistake.Lol.PS-I finally learnt my lesson and have held my XXXOS sized position in HLG for near a year now and refuse to be Beaglised out of it.PPS-I need to get back to investing like I ski.
Just got a letter from them telling me they are closing their Takapuna branch. All to be done by phone and internet from now on. If only they would improve their hopeless app.
I always fractionalise my term deposits so as to have staggered maturity dates. Unfortunately Heartland has a limit of ten term deposits. If you want more you need to have a separate head account with a new head account number. It is certainly a disincentive (for me) to add funds with Heartland. Would that be an Oracle database limitation or some other factor?
I have been to two presentations where Jeff Greenslade spoke of the issues they had with the new system.
Two months of hell.
However the key word was "had".
Now the systm is giving them the opportunity to do more of what they want to do.
Sounds to me as though "all is now well" with the Oracle system .
Hopefully any new system update is years away.
Something must be working just fine to achieve the huge growth in Aussie REL business.
[Maybe the phone.?]..lol.
I like Vaygor1 and have no reason to disbelieve him but I'm satisfied with the past tense reference direct from the horses mouth as posted by Percy below. I have had absolutely no issues with my call account with Heartland since opening it last year, really enjoying the special (for some customers) 3.0% call account return :D
Onward and upward eh Percy. :t_up:
I really hope as a shareholder it doesn't keep "teething" on us and that the $22 million spent on it proves its worth.Could be more clarity and detail clarifying its really fixed and not patched imo.
"Teething" problems after Oracle roll-out cost Heartland Bank ...