Still I am in 100% cash fund. Looking forward to find a kiwi saver provider who will allow me to pick individual stocks.
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Man I've told you guys before...
Craigs lets you pick individual stocks...
They have a list but it's reasonably extensive.
Long term investment is good as well as bad.
I own stocks of Sea legs. After their poor performance even I didn’t bother to look at their share prices and what is happening to them etc. As my broker closed the business I tried to transfer shares of sea legs to another broker and process involved was very complex. Hence I decided to write- off it without doing anything. Later I found their name has changed as “Future Mobility Solutions Limited(FMS)”. When I bought long time ago I got excited about their amphibious marine craft technology.
Lesson 1 : Not to invest in business that I can’t understand and not to buy stocks without doing home work.
Lesson 2: Invested in Dominion Finance as it had a good balance sheet compare with other Finance companies. I can understand finance companies some what.But I didn’t expect that much of tsunami type of hit on the sector. Fortunately, I was able to sell two thirds of my Dominion Finance. Some analysts said if something happen to DF, the last one to go. Now I know what types of companies I should own and at what price and what should I do before buying stocks.
Rule number one: Never make losses again.
https://www.fma.govt.nz/about-us/enforcement/cases/finance-company-collapses/
https://www.scoop.co.nz/stories/BU1410/S00848/finance-company-failure-in-new-zealand-was-predictable.htm
Quote:
Originally Posted by [B
chose to ignore your esg criteria.[/QUOTE]Quote:
Originally Posted by [COLOR=#008000
I looked at Berkshire Hathaway Inc Class A stocks.
Current trading price: around 487,000.00 USD
Traded in 1995: around 17000 USD
Traded in 2000: around 60000 USD
Traded in 2020: around 300,000.00 USD
Line is straight up From 2020 to 2022 and smashed 500,000 USD
Curent PE ratio: 93.52
Good companies have appreciated behind their true business value. As value investors we should find out stocks which are trading below the intrinsic value. It is true Berkshire Hathaway is a great business but it’s extremely over valued for me now.
I believe there could be pull back or correction in this stock. Even if it drops I can only buy very tiny fraction of that company as 100 shares of Berkshire cost lot. Rather better try another strong company.Next decade is belongs to the long-term investor and value investor.
I looked at Berkshire Hathaway Inc Class A stocks.
Current trading price: around 487,000.00 USD
Traded in 1995: around 17000 USD
Traded in 2000: around 60000 USD
Traded in 2020: around 300,000.00 USD
Line is straight up From 2020 to 2022 and smashed 500,000 USD
Curent PE ratio: 93.52
Good companies have appreciated behind their true business value. As value investors we should find out stocks which are trading below the intrinsic value. It is true Berkshire Hathaway is a great business but it’s extremely over valued for me now.
I believe there could be pull back or correction in this stock. Even if it drops I can only buy very tiny fraction of that company as 100 shares of Berkshire cost lot. Rather better try another strong company. Next decade is belongs to the long-term investor and value investor.[/QUOTE]