Pretty sure I posted a similar thread to this a while back, when I was fresh to the whole idea of lending to invest.
Looking back, I'm stoked I never touched it. I thought it was the perfect time, interest rates were low and it seemed the recovery was in full swing. Well we still haven't 'swung', I would have been hit with margin calls and pretty much every share I was thinking about.
I think it's just a patience thing. To eager to get in and get off to a quick start, thinking you don't have enough $$ to compound up into some nice sums.
I'm learning every day, but the big thing I've got better with over the last year is patience. If you can't be patient enough, and just work on building up your own capital, I think the chances of you being patient on any shareholdings is minimal.
Bruce covers both of these topics in his latest entry -
http://www.stuff.co.nz/business/blog...-concentration
The guy knows a whole lot more than me, but if you are new to his blogs, read them with care. He's a smart chap, however conjures up some Farley bizarre ideas. I personally think the guy is a knob end, some of his questions he comes up with at AGM's are totally pointless, but he turns them into big deals and then asks other shareholders to follow them, and raise there voice. He seems to go out of his way to be negative towards everything. Will leave it there..