Forum Archive Index - January 2002

["andrew cottingham" <arco@adinfinitum.co.nz>]

Sorry guys and gals,
I might have to pass on this one. Buying shares for me is like getting on a
bus. I get on it when I think it's going in the right direction, and if it
makes a turn down the wrong road  I get off and catch another one that is
heading the right way.
Andrew



----- Original Message -----
From: Dick O'Connor <callme_nz@hotmail.com>
To: <sharechat@sharechat.co.nz>; <Phaedrus@techemail.com>
Sent: Tuesday, January 08, 2002 11:13 AM
Subject: [sharechat] What's Your Favourite Share


> If I may suggest it, what say we talk about success for a while.  How
about
> each person naming a favourite share (or two or three if that's what
anyone
> wishes) and then explaining why it's so attractive. I'm not talking about
> 5c shares that might double if they get a northern breeze under their
tail,
> but quality shares that have made very pleasing investments. What share do
> you own that you like the most?
>
> I've been clearing out some old files and came across some of the articles
> written by the late Adrian Sturman in the Auckland Star around 20 years
ago.
> People who have come to take an interest in the sharemarket in recent
years
> are unlikely to know what a good financial writer we once had in Auckland.
> (The Herald, unfortunately, avoids like the plague any talk by its staff
of
> shares as an investment.)
>
> At the end of 1982, Adrian named his 10 top picks for the next year. That
> was an extremely difficult time and it was hard to work up enough
enthusiasm
> to put even $10 into the market. But we followed America into a recovery
and
> at the end of 1983 his 10 picks had,as a group,  doubled in price. The
best
> was Progressive (Foodtown) which was up 200%. Said Adrian: "Undisputably
our
> No 1 growth  stock ..and never too dear."
>
> This was his favourite stock and he said things like that about it often.
> The trouble was that you kept thinking  it had already risen too much and
> you had missed the bus. Finally,  however, I took his tip, bought a few
> shares,  and made a few dollars, but nothing like what some people would
> have made by waking up earlier.
>
> I think we all have a favourite share; one we wouldn't like to part with,
> and one  we are always tempted to buy more of when the price looks right -
> something we enjoy owning, an investment that has been satisfyingly
> successful.
>
> How about telling us about your favourite? With a bit of luck we could end
> up with a very useful list worth keeping an eye on.    What does everyone
> think?
>
>
>
>
> _________________________________________________________________
> Get your FREE download of MSN Explorer at
http://explorer.msn.com/intl.asp.
>
>
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/


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