Forum Archive Index - January 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Macdunk,

>
> my best move last year was in sept to sell wri after a 
>thirty pc ride ,  
>

I can't argue with a 30% gain.  Well done!   However I do take issue 
with the idea that the mere fact WRI has made a 30% gain for you is a 
signal to sell.  WRI is still sitting on a 14% yield.  Sure, profits 
may be down this year.  But even if profits are halved a dividend 
yield of 7% yield is a lot better than the bank will give you.   
Personally I don't think the dividend will be reduced much, if at 
all.  Add last Septembers 8c final dividend back into the share price 
and WRI is still near its high for the year.  Deservedly so IMHO.

>
>and  buy  more  of  poa  at  six dollars twenty five, 
>

Is that value?  Just asking because POA is a company I haven't got 
around to studying in detail.

>  
>My  saddest  moment  was  selling  my  kip  shares , I was  starting
> to  fall  in  love  with  the  bloody  things,  they  were my 
>first  shares  three  years  ago .  
>
>

I'm not a big fan of property shares, if you are a homeowner, myself. 
 
However, I can report from Christchurch that the redevelopment of 
the Northlands mall is continuing apace!   KIP had a good year last 
yeqr so perhaps FY2003 will be a year of consolidation?  Still, KIP 
has a good range of blue chip property on the books.  If I was buying 
New Zealand property shares, KIP is the one I would go for I think.  
And the yield appears good!  You may have fallen in love with KIP 
Macdunk, but I would say it was for all the right reasons.

>
>
>Im  still  convinced  five 
>companies  max  is  the  way  to  go,  it  keeps  you  on  the 
>ball,  not  allowing  you  to  stagnate  and  tread  water.   
>
>

I agree with the need to be disciplined.  If 'having 5 companies max' 
is the way you do that, then go for it.  But 5 companies total would 
be too few for me I think.

>
>
> I  noticed  snoopy  flashed  past  me  in  the straight  in  
> the  guru  stakes . My  only  consolation  is  he  was
>  wearing  a  red  ribbon  I wasnt .   
>

I certainly had a couple of losing shares in my 'winning' portfolio.  
This causes me no loss of sleep.  When I choose my share portfolio I 
do so assuming that some of my choices will be losers.  Not because I 
look for losers, but because the market is always bigger than I am.  
The secret to successful investment is, I think, not to avoid losers 
but to try and make sure your winners will more than compensate for 
any losses!  If you can't stand a few losses, you shouldn't be in the 
sharemarket IMHO.

SNOOPY

discl: hold WRI


---------------------------------
Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
on Pegasus Mail version 2.55
----------------------------------
"Stay on the upside of the downside, 
Anticipate the anticipation!"



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