What are your Investment Rules?

[kiora]

Similar to my strategy
"Around 80% of our portfolios by stock number are anchored around more sizeable, liquid companies where we have a lot of confidence in the medium to long-term outlook. These companies are typically a bit more mature in their development but would also be considered as being higher quality (e.g. strong management, higher returns on capital etc) and still have prospects for efficient growth. The balance of the portfolio is a ‘nursery’ of ideas that we believe have excellent potential in the medium to long-term but are earlier in their journey."
https://www.livewiremarkets.com/wire...med-for-growth

[kiora]

https://finance.yahoo.com/news/munge...152046657.html
Munger on diversification
"if you have 4 good investments that's enough,20 then you're likely to have egg in your beer"
BH never tries to "time the market", tries to be 100% invested.
"People driven by envy not greed"

[SBQ]

https://finance.yahoo.com/news/munge...152046657.html
Munger on diversification
"if you have 4 good investments that's enough,20 then you're likely to have egg in your beer"
BH never tries to "time the market", tries to be 100% invested.
"People driven by envy not greed"

Yep I saw Munger's Daily Mail AGM. Not surprisingly the whole investment community, particularly the financial advisors, don't give a rats ass what he has to say. Like he's said recently, "When you get to be my age, you get to the ability to say anything" - meaning as insulting as it can be.

[kiora]

"Unlike real estate, equities are highly liquid (can be bought and sold easily), transparent (daily pricing), pay a higher yield, don’t require managing tenants and building maintenance and don’t chew up capital in the in the form of horrible taxes such as stamp duty, rates, land tax and others"
https://www.livewiremarkets.com/wire...h-in-one-asset

[JBmurc]

Only sell a portion of your runners .. but don't be stress to dump your losers

[kiora]

"The janitor who amassed a fortune: How character underpins investment success"

All newbie investors should read this!

https://www.livewiremarkets.com/wire...stment-success
"In sharp contrast, nowadays many people – and virtually all politicians and their mascots – loudly and self-righteously proclaim their “passion” to “change the world.” But they can do so only by coercing others: hence their alleged “compassion” is merely a false front for the urge to rule. Sincerely passionate people, as P.J. O'Rourke sagely put it, humbly and quietly volunteer to wash the dishes. Genuinely changing the world for the better entails countless instances, figuratively and literally speaking, of washing the dishes – and endowing hospitals and libraries."

[kiora]

https://www.livewiremarkets.com/wire...have-in-common
"In summary, IP is not a cure-all in investing. It is a vital competitive advantage though curation is key as not all IP is created equal."

PS
This may shake things up a bit?
Newscorp to be paid $100m/yr??? if I remember correctly
https://www.theverge.com/2021/2/24/2...le-paying-news
"The Australian government has passed a new law requiring Google and Facebook to negotiate with news outlets to pay for their content or face arbitration.

“This is a significant milestone,” said Josh Frydenberg, the Liberal party’s deputy leader who spearheaded the new law. "

[Sous87]

Hi everyone. Can I ask if anyone has a couple of recommendations for an investor looking to try a bit of trading, and for someone currently using Sharsies as an investment platform, as to whether there is a better all-in-one platform with live trading data suited to more frequent day/swing trading? I have a majority portfolio percentage in the ASX currently, and some NZX and some US.

Or is it that Sharsies is perfectly fine and it’s all about having the extra market tools like TradingView to work alongside it? Cheers, and apologies if this is not right place to ask.

[couta1]

Hi everyone. Can I ask if anyone has a couple of recommendations for an investor looking to try a bit of trading, and for someone currently using Sharsies as an investment platform, as to whether there is a better all-in-one platform with live trading data suited to more frequent day/swing trading? I have a majority portfolio percentage in the ASX currently, and some NZX and some US.

Or is it that Sharsies is perfectly fine and it’s all about having the extra market tools like TradingView to work alongside it? Cheers, and apologies if this is not right place to ask.

Sharesies is useless for trading, try Jarden or ASB for NZ stocks in particular.

[kiora]

Make of this as you will
https://www.tradingview.com/chart/SP...y+152+%28EN%29
"
So are we currently in a bear market?
How the Fed's Rate Hikes Affect the Market (or Not)
- Based on the four rules above, there's a high probability that we are not in a bear market.
- Since I've uploaded this post, the market has bounced swiftly off the 100 moving average on the weekly.
- Just as the covid-induced drop of March 2020 turned out to be a 'buy the dip' opportunity, as opposed to the beginning of a bear market, the sharp correction we have seen since the beginning of this year goes against the first rule of the bear market.
- It’s critical not to call a bear market falsely, and this is a huge mistake that a lot of people make.
- If the market is just going through a correction (a short, sentiment-driven downturn of -10% to -20%), you’re better off riding through it and maintaining your portfolio.
- It is impossible to accurately and consistently time market corrections because of the way they behave.
- A correction can start for any reason or no reason. So if you believe that the economy is strong, and the fundamentals of the company you invest in remain solid, there's no need to sell off your holdings, especially when your actions are motivated by fear.

Conclusion
Bull market corrections are not fun, but it's important as an investor for you to be able to distinguish bear markets/recessions from bull market corrections. Choosing to undertake a bear market investment strategy and go defensive should be rare and shouldn’t be done by gut feel or by your neighbor’s opinion. Exiting the market is among the biggest investment risks you can take—if you’re wrong and you have a need for portfolio growth, missing bull market returns can be extremely costly."