-
21-12-2018, 12:20 PM
#3551
BP ..you seem pretty certain those with money in the bank are going to lose all their money
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
21-12-2018, 12:52 PM
#3552
 Originally Posted by winner69
BP ..you seem pretty certain those with money in the bank are going to lose all their money
That's not what I said.
However - losing your cash in a recession is clearly as well a risk which investors need to consider and manage (similar to the risks of a company rolling up their toenails), particualrly if we assume that the times get a bit rougher ...
Of interest: Most OECD countries offer government guarantees for bank savings. NZ does not - i.e. we will be each on our own if a bank crashes.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
22-12-2018, 03:15 PM
#3553
Originally Posted by winner69
If that happens wonder what OCA will be at ...70 cents something
Actually, on reflection I think that a direct comparison of OCA with RYM shares during the GFC is not quite appropriate.
The difference is - RYM pays a significantly lower dividend (and certainly did in 2007 to 2009) than OCA, which makes it more likely to tank during times when the markets re-rate growth.
OCA shares should behave more like a bond with tagged on growth potential ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
03-01-2019, 07:15 PM
#3554
https://www.oneroof.co.nz/news/35810 Melbourne real estate tanking...can't be easy for elderly folks to sell their homes for what they need to buy RYM's expensive units.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
03-01-2019, 07:28 PM
#3555
Originally Posted by Beagle
Not so as RYM Melbourne units are less than Melborne's average sale price,and most probably half in areas RYM have their villages.
-
03-01-2019, 07:34 PM
#3556
-
03-01-2019, 07:56 PM
#3557
Originally Posted by percy
Not so as RYM Melbourne units are less than Melborne's average sale price,and most probably half in areas RYM have their villages.
I think so too, a bit of variation in realestate prices does not effect the profits of RYM. One has to have a good understanding of their business model to see that.
-
03-01-2019, 07:59 PM
#3558
Originally Posted by forest
I think so too, a bit of variation in realestate prices does not effect the profits of RYM. One has to have a good understanding of their business model to see that.
Agreed............................................ ...........
-
03-01-2019, 08:10 PM
#3559
Originally Posted by RupertBear
Have to say I have been tempted to buy a few at this price....but I am trying to be patient  and not impulsive as I suspect it has further to fall... 
In fact after reading other posts I dont think I should be buying anything....probably should be selling some..
Go on be bold, I bought some at $10.72 , you know you can always average down. PS-Impulsive has its place young bear.
-
03-01-2019, 08:26 PM
#3560
Originally Posted by RupertBear
Have to say I have been tempted to buy a few at this price....but I am trying to be patient and not impulsive as I suspect it has further to fall...
In fact after reading other posts I dont think I should be buying anything....probably should be selling some..
RubertBear at todays closing price of $10.71 you are not likely go wrong. David Kerr, RYM Chair topped up his RYM share portfolio 2 months ago for $11.18
If he sees value over 11 dollars and you are not buying, I like to know why you think David Kerr made a mistake with his latest purchase?
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Reply With Quote
Bookmarks