Remember shares are for the long term, most of your shares
will in ten years time probably will have returned you a
handsome profit.
The
everyday ups and downs of the market seem significant at the time
but in terms of years they mean little.
Listen to warren buffet who paid little attention to market
timing.
Its not the time you buy that counts its the quality of your
companies
that is far more important. You
could of done better in the short term
by buying on market dips , but its easy in hindsight.
December at the
time did seem a good time to buy, everyone was predicting
that
once y2k was out the way stock prices would
soar.
The likes of nufarm,contact energy, gpg, thl nuplex
lion nathan,
tourism holdings and probably even advanytage
will all turn out winners for you in the long
run.
I have lots of nufarm bought for an average of 5.50, at the
moment they are weighing down my portfolio but
over time im confident
the companies fundamentals will shine
through.
I wouldnt
sekll any of these quality companies if i were you.
You
have done well to diversify well so even if your couple of techs
dont come through, in the long run you
should be fine.
good luck
nick
One thing I still don't know. Well..Thats one thing out of
an endless list of questions. What happens when a company such as Lion Nathan
does a Coutts and Butterworth Act. Does the price in Orstraaaalia have any
bearing on what it is here? Or is it a totally seperate thing and what we do
to the share price here has nothing to do with what the ockers do to it? and
vice versa?
ok.. Now for my list of shares with the price I paid
for them.
ADV 1000
$5.10 ouch
CAV 3100
$3.15
CEN
6765 $3.207 average
CGB 9000 55
cents
EPH 10200 49
cents
FFS 31300
.623 cents average
GPG 6500
$1.52
LNN
2250 $4.36
NPX
1350 $3.50
NUF
2250 $4.40
PRG
2650 $1.80
RBD
6400 $1.52
RCH 10000 51
cents
SPE 25000
.195
STU
6200 $1.58
THL 1400
$3.50
The likes of CGB EPH RCH were
bought in December last year from memory and were to be used as a short term
play thing. Trouble is I was to new to know I should have been selling them
when they rose. Hindsight is a great teacher. but. so far I haven't managed to
learn from hindsight yet.
SPE and ADV were bought for play as well but that was only
two days before they nose dived. Was not nice paying the broker double what
the shares were worth when I got the bill.:((((
Most of the other shares were bought late November early
December last year when things looked to be rallying.
I listened to advisors... read books and
magazines.. took a fair bit of notice of the shares I read about where
they had a buy recomendation. That was before we read a book that gave us the
meanings of the brokers recomendations.
Recovery Stock means... we were wrong the first time,
but we might be right in the future.
Buy/Hold means We are brokers to the
company. They would be upset if we did not remain positive.
etc etc etc.. So.. any one out there with wisdom and
the means to make me rich?? Yep. Rich is what I want to be :)))))) I
make a weekly donation to someone else to get rich in Lotto. Was hoping I
could make some money in shares to balance the lotto loss.
All and any advice taken on board. And.. I fully
expect there to be an almost total disagreement in here on what I should do.
In fact. I would be very surprised if any two persons agreed. but.. It
is worth a discussion on and who knows.. In a few weeks I might be
sitting in the Galapgos Islands sipping a night cap. Can't see that would be
as a result of our share market though. Probably have more to do with
repairing a relatives boat run over by a freighter if it is salvagable.
Ok.. enough dribble from me.. Please all.. Feel
free to swallow this lot..chew it over and spit out your
thoughts.
Thanks heaps. John.
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