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20-01-2021, 04:13 PM
#19651
Originally Posted by silu
Wondering if sometimes it would be appropriate to disclose what investment time frame we expect from a holding. I expect to hold ATM for at least 5-10 years and I haven't found a company on the NZX yet where I expect that kind of EPS growth. But then I'm in the enviable position on having bought at 50c.
My ideal holding timeframe is forever as I do not expect to ever liquidise the best investments which will be left to children and grandchildren (who will likely spend it all frivolously)
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20-01-2021, 04:22 PM
#19652
Originally Posted by Waltzingironmansinlgescul
...... input data is not great enough to allow a conclusion.
People are programmed to draw conclusions without sufficient data - this is a form of confirmation bias. If you buy a share in a down turn and you lose your shirt you "learn" not to buy in a down turn because somewhere in the back of your mind you "knew" you shouldn't do that. If you buy a share in an up turn and you lose your shirt you don't "learn" anything because you didn't already know not to do that.
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20-01-2021, 04:26 PM
#19653
Originally Posted by Biscuit
My ideal holding timeframe is forever as I do not expect to ever liquidise the best investments which will be left to children and grandchildren (who will likely spend it all frivolously)
Haha good on ya for making money for your kids and grand kids. I am childfree and all my money will go to charity when I finally kick the bucket. My goal is to retire before I'm 65 financially secure and ready to set the world on fire (again).
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20-01-2021, 07:09 PM
#19654
Originally Posted by macduffy
Interesting, but I've never thought of investing as a science! More like an art?
I think Snoopy would say investing is a science..... but definitely an art IMHO.
BTW good to see some useful discussion returning to this thread. Particularly like the longer term thinking of Biscuit and Silu. More my style.
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20-01-2021, 07:10 PM
#19655
Originally Posted by silu
Wondering if sometimes it would be appropriate to disclose what investment time frame we expect from a holding. I expect to hold ATM for at least 5-10 years and I haven't found a company on the NZX yet where I expect that kind of EPS growth. But then I'm in the enviable position on having bought at 50c.
And then, see it lose 45% in the last 4 months?
Prefer SKO myself!
Last edited by Balance; 20-01-2021 at 07:15 PM.
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20-01-2021, 07:50 PM
#19656
Originally Posted by Balance
And then, see it lose 45% in the last 4 months?
Prefer SKO myself!
I admit I was asleep at the wheel. I would have taken some profit along the way but kept a sizeable parcel. You know I am a big supporter of Serko I just happen not to hold any at the moment.
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20-01-2021, 09:09 PM
#19657
Originally Posted by Left field
I think Snoopy would say investing is a science..... but definitely an art IMHO.
BTW good to see some useful discussion returning to this thread. Particularly like the longer term thinking of Biscuit and Silu. More my style.
Well said, for a while I tht we were heading down the HC route
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21-01-2021, 02:04 AM
#19658
Member
Originally Posted by Biscuit
Ha, yes I too think investing is an art. In science we need to rigorously test the "rules" in art it is best to discard them entirely.
Actually art has very strict rules.
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21-01-2021, 07:37 AM
#19659
Originally Posted by Left field
I think Snoopy would say investing is a science..... but definitely an art IMHO.
BTW good to see some useful discussion returning to this thread. Particularly like the longer term thinking of Biscuit and Silu. More my style.
Investing may be a science but a very complex science. There are often too many moving parts to fully understand to come to a reliable conclusion. Investing as an art seems to have some merit as people do rely on gut instinct a lot.
All the variables and all the events that come out of left field seem to make investing more of a casino with some shares particularly the high growth ones.
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21-01-2021, 08:10 AM
#19660
Member
Originally Posted by Biscuit
People are programmed to draw conclusions without sufficient data - this is a form of confirmation bias. If you buy a share in a down turn and you lose your shirt you "learn" not to buy in a down turn because somewhere in the back of your mind you "knew" you shouldn't do that. If you buy a share in an up turn and you lose your shirt you don't "learn" anything because you didn't already know not to do that.
I have to agree with that, due to my experience with ATM (bought during the uptrend and then it tanked), I shyed away from NIO when it was uptrending, and look at NIO now, would've doubled my money if I didn't have this bad experience with ATM.
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