Forum Archive Index - September 2003

[Stephen Judd <sljudd@paradise.net.nz>]

On Tue, 2003-09-16 at 23:20, tennyson@caverock.net.nz wrote:

> On the minus side that portfolio looks a little skewed towards the retail 
> sector with MHI, WHS and WRI, even if WRI is really 'industrial retail' 
> and in a slightly different category.  

I hadn't considered WRI as a retail share - I was thinking of them as
being "agriculture", with a dash of finance. I can see what you mean
though.

>  On the plus side you should have 
> picked up all of those at quite good prices, which is probably the most 
> important ingredient in successful investing.

Heh. Yes. BCA has been the best of all, of course.

> Actually it is often the other way around.     Those with little capital 
> jump into trading as a way to make it big fast.   Unfortunately trading is 
> not an easy discipline to master.   There are a few people who make 
> their living from trading that participate here.   But generally these are 
> the ones that have put in years of study into trading and risk 
> management.   Those who buy a computer program and try to get rich 
> quick seem to last only a few months at best, if the rate of churn of 
> posters is anything to go by.

I am a programmer, and I work for a bank. Mate, even if I believed in
TA, I wouldn't trust MY money to anything that wasn't tested within an
inch of its life...

> IME, it is the highly priced shares that a far more likely to burn you.

Do you mean dollar price or p/e?

Stephen


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