Your $1m inheritance is locked for 10 years in one company, which one ?

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Originally Posted by percy

PLX..I was the highest bidder for two days at 18 cents.They traded at 19 cents.I never brought any.!!..Another big mistake..lol
Always opportunities.

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Indeed always opportunities and although I missed PAZ, I'm happy with PLX in my portfolio.

Must say the assumption that one would stick with one company for 10 yrs as a viable strategy is a bit suspect IMHO. ATM has so far been my longest investment at 5 yrs, and while I may well still hold some in 5 yrs, it is more likely that I'll have considerably reduced my holding and re-invested elsewhere.

It might be interesting to see what actual NZ companies investors have stuck with for the last 10 yrs and who has done best?

I held EBO for over 25 years.I think people who brought into the IPOs of the following companies would be rather pleased they never sold.
AIA,FRE,IFT,MFT,POT,RYM.TPW.

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Originally Posted by percy

I held EBO for over 25 years.I think people who brought into the IPOs of the following companies would be rather pleased they never sold.
AIA,FRE,IFT,MFT,POT,RYM.TPW.

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Thanks for sharing your experience Percy, I hope to have a few such gems in my portfolio in 25 yrs.... indeed facing 70 yrs old, I hope to be alive and well in 25 yrs!! LOL.

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Originally Posted by Left field

Thanks for sharing your experience Percy, I hope to have a few such gems in my portfolio in 25 yrs.... indeed facing 70 yrs old, I hope to be alive and well in 25 yrs!! LOL.

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Well I am 70.
Just need to last another 9 years to see what share price PAZ [and PLX] are then.
Something to live for.?..lol.

Longest share I have held is KIP/KPG 31/3/1997 (22+years)
Bought 18,000@1.10 Cost $19,840.
Value now $28,922
Total dividends received $27,528.

A few cash issues along the way with them.

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Originally Posted by 777

Longest share I have held is KIP/KPG 31/3/1997 (22+years)
Bought 18,000@1.10 Cost $19,840.
Value now $28,922
Total dividends received $27,528.

A few cash issues along the way with them.

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Equating to <5% annually on a compounding basis??

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Originally Posted by Sideshow Bob

Equating to <5% annually on a compounding basis??

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That's a bit mean spirited, if you were offered 5% compounding (linear) for 22 years, right now, would you take it?

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Originally Posted by Baa_Baa

That's a bit mean spirited, if you were offered 5% compounding (linear) for 22 years, right now, would you take it?

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LOL. I can take it. He could be upset knowing how many I actually hold.

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Originally Posted by Sideshow Bob

Equating to <5% annually on a compounding basis??

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But $92000 (or an extra 44k approx.) if dividends reinvested annually at an equal rate. And Allah alone knows what if reinvested on receipt. (quarterly)

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Originally Posted by fungus pudding

But $92000 (or an extra 44k approx.) if dividends reinvested annually at an equal rate. And Allah alone knows what if reinvested on receipt. (quarterly)

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Actually it works out at 4.87% (7.27% gross) with the reinvestment.

Not my best investment but a long way from my worse ones.

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Originally Posted by Baa_Baa

That's a bit mean spirited, if you were offered 5% compounding (linear) for 22 years, right now, would you take it?

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Apologies I wasn't trying to be mean-spirited. Just trying to gain a little more understanding.

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Originally Posted by Baa_Baa

That's a bit mean spirited, if you were offered 5% compounding (linear) for 22 years, right now, would you take it?

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But today a 6 month term deposit might be 3%? Back then was about 7-8% - so completely different environments.....

Regardless right now could go buy Argosy at 4.61% yield, and even KPG is 4.32% (after tax).

I am 63, retired. bought AIA, CEN and MEL since listed. Never sold any of them.

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Originally Posted by Sideshow Bob

But today a 6 month term deposit might be 3%? Back then was about 7-8% - so completely different environments.....

Regardless right now could go buy Argosy at 4.61% yield, and even KPG is 4.32% (after tax).

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I have all the property companies Bob, so I am covered.

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Originally Posted by Apathy

Hey Percy - can we get an update please?

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Big day today........$3,000,000 as PAZ hit 21 cents.Our buy price was 7 cents.