Its that time again! Make your claim on picking the stocks to watch in 2020...
The rules are similar to 2019 - with one minor change as outlined in (2) below.
Feel free to circulate this widely - we had a good range of entries this year, and would be great to see that grow further.
Rules:
- Pick FIVE different NZX-listed equity instruments (incl. Smartshares and foreign companies listed in NZ). Companies/Funds with a market cap of less than $10m may not be selected.
- Please also make a SIXTH pick - this will be used as a 'backup preference' should one of your picks delist or merge during the year. It won't cover companies that are placed in liquidation or dissolved.
- Note that 'Cash' is one of the possible selections - this will assume a 12 month term deposit rate of 2.6%
- Each pick has an equal weighting. You cannot pick the same option more than once.
- Picks in by 7pm January 2nd 2019 (New Zealand time); ie, prior to trading opening.
- You may not use the alias that belongs to someone else on sharetrader.co.nz, or misrepresent another person.
Returns calculations
- Each will start with a notional portfolio of $10,000
- Returns will be calculate from the last closing price of 2019 (Dec 31st 2019) to the last closing price of 2020.
- Its a 'total return' comp, so Dividends will be included - but NOT benefits from imputation credits or other tax-specific benefits.
- Rights issues are included according to a formula that does not increase capital, but recognises a capital gain/loss on the rights for the year.
- If a selection delists or otherwise somehow dissolves; it will be kept but manually adjusted in your selections to reflect the realised situation resulting from the event causing this. The realisation will then be "re-invested" in your backup preference (see 2), allowing the opportunity to continue participation on a level playing field.
- Winner is the person who has the largest %age increase.
There are THREE ways to enter:
- via this survey form: https://bit.ly/2REKHzh
- email to sylvestercat2018@gmail.com
- private message to me on sharetrader
I won't publish what people are picking before Dec 31st.
If there is a stock missing from the picklist on the survey form - let me know and I will sort it quickly!
Happy Christmas / New Year everyone...and happy picking.
Your faithful puddytat,
Sylvester