Forum Archive Index - May 2000

["Mark Hubbard" <mhubbard@es.co.nz>]

The great thing about the internet and the ability to invest in and then
track world markets is that my net worth can get pummeled all day on the
NZSE starting at 9.00am. From lunchtime I can then get pummeled on the ASX
and in Tokyo, which can also take me through most of tea. After tea and
until I go fretfully to bed I can then get pummeled in London (which is now
happening as I type). When I wake up in the morning I can drag myself to my
computer screen and see how much I lost on the Dow - then go to work to try
and make more money to feed the monster. Its great.

But on the more positive side. I have also found that after a particular
investment goes so far south (for example, say you purchased Wavenet at
$A1.30 then watch it go down to $A0.36), after a while it ceases to become
so painful because although its still day by day losing the same in
percentage terms, because the percentage falls are working off such a lower
base amount, the dollar losses don't seem half as bad.

Of course, the chance of such an investment ever getting you your capital
back becomes less and less.

But other than that, all my holdings are value holdings, so I'm sure it will
all come out in the wash.

(I'll probably regret not using a pseudonym on this post).


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