What are your Investment Rules?

[kiora]

Are we seeing this here? Likely
https://finance.yahoo.com/news/surve...163053034.html
"The survey revealed that the younger cohort focused their asset allocation on alternatives, and many expressed plans to allocate even more to these investments in the next few years.

Pelzar said this projected increase is “largely reflective” of the younger cohort’s thoughts on the growth opportunities in the market. Because some of the alternative asset classes are less liquid, Pelzar said this implies that the younger generation is taking a longer-term view."

[kiora]

This is why someones residence/beach house should not be considered in the same way as an investment portfolio is.
It should be a lifestyle consideration
The time to "insure" is when the property is brought.Only buy a property that is potentially affected by climate risk if it can be self insured.
Only build if the building can be built without mitigating against flooding,encroachment by the sea and subsidence.


https://www.newshub.co.nz/home/money...ay+3+July+2024

[kiora]

"Dogs of the ASX for the 2024 Financial Year"
https://www.livewiremarkets.com/wire...erm=TOP%20DOGS

[kiora]

"'Saving Like A Pessimist, Investing Like An Optimist'"

https://finance.yahoo.com/news/bill-...155055431.html

"He insisted on always having enough cash in the bank to keep the company running for 12 months, even if revenue dropped to zero. This conservative strategy ensured Microsoft’s survival during potential downturns and provided a solid foundation for growth."
" advocated for optimism in investments. He believed in the long-term potential of markets and technology, making bold bets that ultimately paid off."

"Build an emergency fund (save like a pessimist): Aim to have 3-6 months of living expenses saved, preparing for unexpected challenges.
Invest for the long term (invest like an optimist): Despite market fluctuations, maintain faith in the long-term growth potential of diversified investments.
Balance risk and security: While taking calculated risks for growth, ensure a safety net to weather short-term storms.
Continuous learning: Stay informed about financial markets and emerging opportunities, adapting your strategy as needed.
Plan for the worst, hope for the best: Create contingency plans while working towards ambitious financial goals"

[kiora]

Repetition !!!!

[kiora]

Sometimes the simplest,dumbest ideas are winners

"This is the most pointless website on the planet. It’s fantastic"

https://www.nzherald.co.nz/lifestyle...PS2DAQGZASPL4/

[kiora]

How to make money in Private Equity

Larry Fink/Blackrock are working on it.

https://www.dailymail.co.uk/news/art...BlackRock.html

https://www.efinancialcareers.com/ne...-o-hare-preqin

[kiora]

The markets have got a few years to run yet?
The portfolio has been 100+% invested for last 12 years now.
What's the risk of lower returns when the portfolio is up so much, 5XX% in 12 years?
Flat returns,so what?
Their is always the risk of selling too early/too late AND also buying too early/too late

"Paul Moore on why having an exit strategy is crucial with markets at all-time highs
Markets are flying, stocks at all-time highs, and not a cloud in the sky. What happens when the wind changes...Do you have a strategy?"

https://www.livewiremarkets.com/wire...all-time-highs

"Five attributes of a selling process
In the article Moore penned recently on exits, he highlighted five key attributes. They are listed below, followed by some commentary on certain elements.

1.Start with the end in mind
2.Valuation focus
3.Patience
4.Resist selling winners too early
5.Capitalise on volatility

Start with the end in mind"

Personally, I've stopped trying to time the market with the portfolio

[kiora]

"How Lazard's Philipp Hofflin uses 150 years of data to find the best ASX income stocks"

https://www.livewiremarkets.com/wire...rm=READ%20MORE

Can you live with flat portfolio returns?

"If we end up getting a recession, historical evidence tells us that dividend income will be lower by about one-third, says Hofflin, and that it takes about 5-6 years to get from peak, to trough, and then back to the peak in such a scenario.

“So there's no doubt downturns hurt. At the same time, they're not the end of the world. You always get back to your peak, and you keep on going after that, and you get increases.
“In fact, in the very long run - again 150 years in Australia - dividends have grown by 5% per annum, which is a very nice number", says Hofflin.
What makes for a great income stock?
Lazard looks for three key factors when considering income stocks with a sustainable dividend for the portfolio. They are;

A sustainable payout ratio – You don’t want a company that pays out an unsustainably high level of dividends, because every company needs some money to grow and if they’re paying it out, they’re running down the assets.
An appropriate level of gearing – Is the company too geared? If it is, that’s not sustainable.
Earnings sustainability – Can the level of earnings be maintained in future periods?
There is one more hurdle that a stock must clear, however.

“We will not buy a stock if it doesn't have capital upside” says Hofflin, adding that “Just because the dividend is nice, it doesn't mean that you want to lose money on capital.
We do not want to trade those two off”. "