My 2016 Challenge

[muss1]

Hi all,

I have set myself a challenge this year. Aside from my other long term investing activity I will invest $20,000 and see what I can turn it into by this time next year.

I am documenting my progress and decisions on a blog at the following address:
http://20kstockproject.blogspot.co.nz

I hope it is of interest to some - please comment etc as the feedback will make it all the more useful!

is anyone doing anything similar?

cheers
muss1

[Lewylewylewy]

Sort of! I spread 10k across a bunch of companies that interest me for long term (never sell) investments in order to get a minimum holding. Then I'm using $50k play money to buy shares, leaving the profit in my never sell investments.

The plan is to end the year with a bunch of extra shares and $50k, the $10k original investment will be chalked up as a loss / perma-investment.

Not the best way to invest by any means (pretty stupid, actually), but just a bit of fun

PS:I left you a comment on your blog but don't think it worked. I recommend looking at SCL and THL because they're likely to go up at the end of February, making them a good short term investment for your game. DYOR, JMO, etc.

GOOD LUCK!

[Lewylewylewy]

...

PS:I left you a comment on your blog but don't think it worked. I recommend looking at SCL and THL because they're likely to go up at the end of February, making them a good short term investment for your game. DYOR, JMO, etc.

GOOD LUCK!

Bet you're wishing you took my THL tip

You might not be too late on the SCL's one if you can get in for less than $2.30...

[Lewylewylewy]

Bet you're wishing you took my THL tip

You might not be too late on the SCL's one if you can get in for less than $2.30...

I think waiting for a little fear drop might be good, but there's word of lots of Chinese trying to get their money out and about. The thing to remember about shares is that you can't lose anything by not investing, but investing when you're certain will almost certainly give results.

NZX:VHP are interesting at the right price. Also NZX:FHP @ < $10

[kelfy]

Sort of! I spread 10k across a bunch of companies that interest me for long term (never sell) investments in order to get a minimum holding. Then I'm using $50k play money to buy shares, leaving the profit in my never sell investments.

The plan is to end the year with a bunch of extra shares and $50k, the $10k original investment will be chalked up as a loss / perma-investment.

Not the best way to invest by any means (pretty stupid, actually), but just a bit of fun

PS:I left you a comment on your blog but don't think it worked. I recommend looking at SCL and THL because they're likely to go up at the end of February, making them a good short term investment for your game. DYOR, JMO, etc.

GOOD LUCK!

Awesome. Thank you so much for your recommendation on SCL & THL. It just great

[muss1]

Hi Lewy,

Thanks for checking it out. I will add SCL and THL to my list of companies to look at. Your comment didn't show, any idea what went wrong? Short term rerates will be key to my philosophy, although the companies will still need good long term prospects. Interesting philosophy you've set up yourself. I traditionally buy and hold, but decided to do the one year timeframe to add a bit of spice.

Good luck

[muss1]

Well I unexpectedly completed my first full position today. Mobile Embrace is the company (ASX:MBE). I had an order in not expecting to be filled after a strong opening but it was.

I made a few posts today as I had the day off and was able to do some research (while watching a good black caps win). I won't always have the time to post so much, but hopefully a few times a week.

[noodles]

Well I unexpectedly completed my first full position today. Mobile Embrace is the company (ASX:MBE). I had an order in not expecting to be filled after a strong opening but it was.

I made a few posts today as I had the day off and was able to do some research (while watching a good black caps win). I won't always have the time to post so much, but hopefully a few times a week.

Muss1, You are getting some attention in the twittersphere.
https://twitter.com/shareideaasx/sta...51655304601602

[muss1]

Muss1, You are getting some attention in the twittersphere.
https://twitter.com/shareideaasx/sta...51655304601602

Thanks noodles - attacked on Twitter and I didn't even know! Luckily someone has gone into bat for me and corrected Claude's NPAT comment!

[muss1]

I considered investing in Empired (ASX:EPD) after the recent lowered guidance and subsequent sell-off. I have added my brief reasons for decided not to to the blog.