I've just added a small (5%) punt on NOGOC last week. I've kept it small-ish partly because it's had such a good run, but also to ensure that I have funds to exercise.
What an interesting thread. Has thrown up a couple of questions for me:
1: How closely people monitor their investments and are aware of what they have. Holding only a few stocks means I can do this fairly effectively, I would be hard pressed to do this with a larger portfolio.
2: Dividend reinvestment I agree is a great idea, compounding without the brokerage. But I find companies and Computershare don't make it easy to find which companies have them. Only one I am with currently is CEN. I see this as good for the company too as it encourages shareholder loyalty.
Anyway: My weightings (by value, presume that's the measure everyone else using, all NZX):
SKC 30%
AIA 22%
CEN 20%
WAM 12%
FBU 10%
FTB (excluding warrants): 6%
quote:Originally posted by Lawso
Good on you, Winnie. That's around $85k. What's been your total outlay since '84?
Good question. I recall having to spend about $7000 on a rights issue plus perhaps another $3000 on rights. I've probably forgone $16,000 in dividends to accumulate the extra shares but its a winner. Assuming ANZ doesn't crash.
My LT (non trading)stocks -I record at the time of purchase on the Broker advice whether it is a LT or a Trade.More importantly,when I sell a LT stock I carefully record on the Broker advice the reasons for the sale.ie protection of capital,disagree with direction the coy is taking etc.
I am careful about keeping to this without exception.It would be very simple for IRD to obtain details of our purchaese and sales and audit anyone of us.The information is all on broker's computer records.
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