FWIW I gave up listening to Forbar's analysts many years ago and am also thankful for the ignore button for t.j.
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A weekly close above 6 bucks ....cool
SUM up a solid 3.8% today ...RYM up about the same ....moving in tandem ....spooky eh possums
Looks like some good old fashioned end of month window dressing or maybe a whole sector bounce...the whole sector up at least 2% today except t.j's favourite lol. Better not tell him. 5 Year mortgages on offer for just 3.99% now. Maybe that's sparking a bit of interest in real estate which could be supportive of the sector going forward ?
You called it, before it happened, then it did. Well done. The daily volatility in a boring retirement stock still confounds me but we’re well off the base now and headed in a positive direction, medium term TA resistance right around here is the next hurdle to higher capital prices.
Never one to work out how much I’ve made on the markets but today made a horrible discovery
My first purchases of SUM were Sept 2012 and they cost about $2 each, I remember at the time resisting the urge to sell my RBD holdings to put into this new fantastic thing called SUM ....and raided elsewhere to fund SUM
The horrible discovery .....since Sept 2012 it looks like I’ve made twice as much on the RBD shares I kept than the SUM ones I bought (think it’s 420% v 220% over 7 years)
Pretty cool eh .....fancy doing much much better over 7 years backing something selling greasy chicken and pizzas than something that’s going to creme it with the grey tsunami wanting somewhere to live.
(Just back of envelope sums but I think they’re about right)
Off course ....but if you just think of them as letters on an exchange does it really matter.
I have never given Restaurant Brands any capital directly to fund their ‘unethical’ activities ...that eases my conscience a bit ....but suppose it’s not good benefiting from their activities either.
Occasionally I even think it’s not good that Summerset make so much money out of helping old people have a great life.
A couple of months ago I saw of group of oldies from a Ryman village coming out of a nearby KFC ...they seemed happy as. ...the greasy chicken helping them have a great life eh
Ethics.
My view is changing.
Went into the chemist shop in Barrington Mall to buy a packet of Voltaren.Long and short of it, the lovely lady chemist would not sell me them.I therefore went to the local chemist in St Martins, and brought them.
Conculsion.I will never again make the mistake of going into the chemist shop in Barrington Mall.I know what I want.Therefore I would not invest in GXH as it was one of their branded stores.
Therefore the popularity of KFC means I lot of people know what they want.
Both RBD and SUM provide goods/services.If it is what people want they will do well.
As investors we also have choices.What we should not do is force our own opinions on others.