"Bugger...I was looking forward to backing up the truck at $1.10"
something has gone badly wrong with the master plan...
however if the FED hikes to well into the 4's 100 is on the cards....
New Plan.... modified old plan.... heck we havnt got a plan for this one anymore..
Thank goodness there is still some left in a portfolio we did not sell.....
Best post of the day !!
Like you mate, I am not sure what the plan is anymore but I am glad I have some in my portfolio !
Last edited by Beagle; 18-05-2022 at 08:09 PM.
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
The only thing that keeps me away from investing in ARG is their 27% portfolio exposure to Wellington Office towers - and all the accompanying seismic risk that brings with it. If they start divesting those buildings it becomes much more attractive to me.
Used to go into that Waterloo Quay building quite a lot before that last quake
Was a bit creaky back then and a bit spooky ..wasnt surprised that the interiors got damaged (even if a lot of it was asbestos related)
One unlucky building ..something will happen to it again
At the top of every bubble, everyone is convinced it's not yet a bubble.
that land congestion must be holding the price up...
No mentions of earthquakes, new pandemic's or the use of nuclear weapons are the type of exogenous shock any of us want.
Maybe the bottom is in at $1.20 ? I mean come on !, that's a massive discount to NTA of $1.74. The end of the world isn't nigh, surely ?
Last edited by Beagle; 19-05-2022 at 12:52 PM.
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
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Originally Posted by Waltzing
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