Forum Archive Index - January 2002

["Chris Castle" <c.castle@paradise.net.nz>]

Snoopy,

I said " I don't usually get it as right when actually investing", not that
I didn't hold any of the shares I picked. There is a difference.

Regards,

Chris Castle


----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, January 13, 2002 4:18 AM
Subject: Re: [sharechat] Beat the Brokers - Final Results


> Hi Mike, Chris and all fellow Competitors,
>
> I would like to add my congratulations to Chris for his 'win'.  And
> his subsequent admission that he didn't actually put his money where
> his entry was!  However, I suspect he was not alone and that most
> entrants didn't.
>
> For myself, my portfolio of five ( AIRVB, CEN, RBD, TEL and
> SKC ) was real.  It was deliberately structured as an 'income'
> portfolio.  Number one reason for this was to show that you can still
> do well without chasing 'high flyers'.   Number two was that overall
> high yielding shares have a lower downside risk and this was real
> money that I was playing with.
>
> My goal at the start of the year was a 12% return, or more or less
> double what I could get from a fixed interest investment at the bank.
>   I am pleased to note that this was achieved (actual return just
> under 20%).
>
> Note that this return was achieved despite holding what turned into a
> disaster - AIRVB!   Do I regret choosing AIRVB?   With hindsight
> obviously yes, but at the time I still believe my decision to
> include AIRVB was the correct one.  It looked like the high yielding
> recovery share that all my other selections turned out to be.
>
> So what does all this prove?   It shows that a certain amount of
> diversification is desirable and that none of us have all the
> answers.  It also proves that successful investors can have
> catastrophic failures, yet still come out ahead overall.   And it
> proves that failure of one of your share selections shouldn't scare
> you.  Sharemarket investing is risky and if you can't take the losses
> on the chin you shouldn't be here.
>
> My suggestion to those of you who didn't have such a good year is try
> being a bit more boring with your share selection.  And make sure
> your expectation is not too high!  My goal for FY2002 will be
> a 10% return, again around twice what I could get from a term
> deposit at the bank.  That might sound dull, but over 10 years such a
> return can create quite a little nest egg with relatively low risk.
>
> Prosperous investing to all in 2002.  SNOOPY
>
> ( who despite a successful 2001 and top ten finish in 'Beat the
> Brokers'  is nevertheless not quite in the position to put a deposit
> on that Superyacht. )
>
>
>
>
>
>
> ---------------------------------
> Message sent by Snoopy
> e-mail  tennyson@caverock.net.nz
> on Pegasus Mail version 2.55
> ----------------------------------
> "Dogs have big tongues, so you can bet they don't
> bite them by accident"
>
> --------------------------------------------------------------------------
--
> 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/