Portfolio of IFT (60% of P/F)& FPH(35.5 %of P/F) + PLX(2.3% of P/F bought recently after saw Hoops buy in & so ran ruler over it for myself) + cash (2% of P/F from dribs & drabs sold beginning Feb when thought China was in the S*#*T big time) now up 5% from previous ATH on 20-2-20
The drop in IFT did make my eyes water for a bit but rationlized that the company will come out of it fine & if I sold at any stage it would likely bounce big time straight after I sold.In hindsight my thoughts are that I would have been better off at least selling 10% when it had dropped 10 % from all time high of around $5.50
My "portfolio" is one I would happily leave a my will as an inheritance with instructions to never sell if I ever I kicked the bucket
SBQ ? is dead wrong about it being hard to make sqillions out of NZ share market.Just need time,patience conviction,compounding returns.I have used a bit of leverage to enhance the returns over the 40 years of investing in the share market.Always good to have a bit of RC available for forward expenses for at least a year is my rule.
I have held IFT since it first floated.Sold them all when IFT warrants came along & reinvested all proceeds in the warrants then converted them to head shares.I brought FPH when it first floated.Half at $4 then doubled down when it dropped to $3.50.Have accumulated more since from DRIP.Sold 2000 last August at $16 when I was looking to pay down a bit of R/C,aaagh!But still no regrets.I am looking to keep the rest.Yes SP might drop in the short term but over long term growing earnings at 15% compounding so happy to leave in my kick the bucket portfolio for the long term.
My investing philosophy is chose the sector/s to invest in then chose the best company in the sector
PS I don't aim to kick the bucket for many years yet :)
I "retired" 15 years before any of my colleagues & try to not make investing a full time job.It is more just a hobby.My share portfolio is now just the more liquid part of a bigger portfolio of Managed funds,farm syndicates & property(not commercial so sleep pretty easy).