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Perhaps it gives us a clue as to how/why Kingfisher fails to outperform NZ market Indices.
Their fortunes are washing in and out with the tidal ebb and flow of the market.
That's exactly what happens when you "buy and hold".
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Before rubbishing buy and hold why not draw a ten year chart , then tell us its been a poor investment? Buy and hold is a long term strategy , therefore a long term chart would be needed to judge the success of an investment. Dont forget to include the dividends , Plus the 25% share cancellation and return to shareholders at 5.23 in january.
Look forward to seeing it
Last edited by ratkin; 16-02-2011 at 06:08 AM.
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ABA has been a good investment and was quite a reasonable "Buy and Hold" candidate - until the uptrend ended.
They all do.
For 18 months now, "long-term" holders have been in the process of giving their profits back to the market.
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Who here actually buys and holds for 10 years?
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Probably more than you imagine.
Can anyone here beat 1977 ? My father bought me some tesco shares as a reward for passing my "o" levels
He chose Tesco for me because i was going out with one of the tesco checkout girls at the time. I still hold them now.
Thank goodness she didnt work in Ratners
Last edited by ratkin; 16-02-2011 at 02:18 PM.
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Isnt Buffett's average holding period 2-3 years? Which would align nicely with Mr P's "medium-long term uptrend" ideas.
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Who here actually buys and holds for 10 years?
Originally Posted by Arbitrage
Me and Warren Buffett.
'Fraid not Arb - maybe just you and Ratkin!
Measured over 26 years, Buffett's average holding time of an investment is only one year, with only 20% of the stocks being held more than two years. Nearly a third (30%) were sold in less than six months.
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Still have some I bought in 1987
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Buffett started buying Coca Cola shares in 1988. Apparently one of his most lucrative holdings which he still has today.
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