Forum Archive Index - May 2004

["Duncan MacGregor" <d-m_macgregor@xtra.co.nz>]

Hi Snoopy
               we all have the same strategy largest return for money Invested with the lowest risk possible.
However the average Investor can only win or lose the rise or fall In the market plus dividends.   .If we
work out that sum over a given period of time we will find out If we are above or below average. 
The more companies we invest In the more likely we are to be average with lesser risk of loss or
total loss.      we have to work to our strengths not our weaknesses to be better than average.
I am not Interested In being average 10% profit I consider dumbo money not worth the risk.
We both are transparent with our strategies and companies unlike most that dont want to end up with egg on
their face.          One of the companies we shared an interest in wri you still hold I sold at $1-30 and made 60pc
since after a 30pc rise    My strategy Is dont spend time on dogs wondering why, get out when the run Is over,
I have a practical mind other people have talents I am hopeless at, the Idea Is to listen and learn
Wri at this moment In time I would sell not worth the risk now Is not the time to Invest In companies
inventing grasses to stop cows belching.   PGG run by practical people for practical people Is better.
I never allow stupid sentiment to sway my judgement or misguided loyalty most people are guilty
of this.   My policy Is stick to what I understand and If In doubt get out
The dividends I look to as a bonus my goal Is 30pc return pa my first 4 years was 25pc.pa.    I run strict stop
losses at the start until well in profit as one In five go bad.  I am Inclined to get out to quick but never
regret this as the other extreme Is much worse.           Keep It up Snoopy I picked up a lot from you.
Last year i did say i will buy pwc after it stops downtrendinng look what happened.  hqp another rave of mine
look It up pot will happen money where the mouth Is like It or not.    I know exactly what you have Snoopy as
you with me I respect you to much to mention RBD or littleton how Is the union port Its all good fun eh?.
                                                        CHEERS MACDUNK