Originally Posted by
Baa_Baa
The criteria is quite tricky, and the circumstances although possible for some, is unlikely for many? To have a $1m inheritance and be forced to invest it in one single company in the NZX for 10 years and not touch it.
Hmmm, I'm not sure that fits the investing strategy norms for most here but I could be wrong about that. Challenging for sure, as the multiple picks and uncertainty about a final decision for many posters seems to indicate.
I still reckon a fat bank, entrenched, making obscene profits with almost unlimited resources to defend their position and ensure their profitable longevity is a decent choice, and of them ANZ is the biggest. So I'm not changing my mind, even though I don't hold ANZ in my real portfolio.
The criteria imho also lends itself to speculative choices but 10 years is a long time and specs come and go, win big or lose everything, or make a survivable choice that lasts the distance and wins the comp.
Fortunately Beagle who started this will presumably be recording all these picks and reporting on it from time to time over the next ten years so that we know who wins in the end??
Maybe I'll buy a few ANZ and back myself. Or maybe not, I'm not sure that I wouldn't meddle in the share over a 10 year period. I hate capital losses, have most-times the skills to be nimble and enjoy SP upside while sometimes coinciding with dividends payouts (or not) but avoiding capital losses. Banks move around a lot. It's a weird feeling choosing something that doesn't fit ones MO or normal strategy.
This is messing with my mind.