Forum Archive Index - October 2001

[<i_claudius@xtra.co.nz>]

Fair enough Geoff PROVIDED you are a low risk,med/long term investor
prepared to devote all your investment to that single strategy.

I agree with your criteria entirely in respect of that part of my total
portfolio however difficult it is to find those companies.

But how about this?
Some higher risk strategies will result in higher returns.Probably net of
some losses but that just goes with the territory.
EG Trade sentiment,trade index changes,short selling,vogue themes,IPOs etc
etc.
Different strategies but equally valid if your purpose is to make money and
you apply yourself with discipline.Each strategy will demand something
different from you and if you fail to meet that demand you will lose.

You can balance your portfolio across risk & return to suit your individual
investment horizon and risk tolerance levels.

"set and forget" which your strategy implies (because all risks are pretty
much satisfied in the selection process) is risky in itself but at best will
generate modest returns.

I favour a mix of strategies weighted to risk which will change over time as
conditions change.Right now I have become more defensive but am still
investing in some higher risk stocks that I think have good recovery
potential.

I did make money on CSG despite it being a dreadful example of all that you
criticise in poor companies.It was about getting out,not confusing it with a
company of substance.Having said that,I lost re Strathmore because I didn't
treat it similarly.

There are a few companies I've lost on,just like you...it's taught me to
work harder and smarter about my investing rather than try to restrict my
activity to a lowest risk strategy.
Know how you feel...they're terrible liars most of the time.I just want them
lying for me rather than to me.

Still raining,cat's drowned and Steve Walsh's still out there somewhere.
Be afraid.Very afraid.





----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/