"doggedly" yes. The last time we held this stock we were late to the party at 1,08 selling at 1.30. I expect this time to be very late to the party due to other circumstances which globally are always beyond the control of an investor. However if Mr M has correctly calculated the land redevelopment model and QE becomes the standard funding model for markets in the decades to come then being late to the party may not be a bad ploy. Mr Ba Ba may have many opportunities to take more slices of cake.
By then i may only be whatching from afar as per last year before being domiciled in the shaky isles. Gosh it was luck to return here in september last year. As my travel agent said "You got lucky".
NZ & AUS follow the S&P500 which I believe will increase another 20% once covid vaccine available. We all know that a rising tide lifts all boats so OCA could benefit from that.
I am well positioned here but question a flat holding for years ..........sold out of SUM today with a 42% gain
20% increase, ARG has already gone 12% in a few months. Not interested in OCA unless it can go from 1 to 6 and more over a 10 year period. If you want the whole 9 yards buy some and put it in a family trust and look at it in 10 - 15 years time. Dont throw the trusts away because a bunch of lawyers scare you and an accountant tells you cant do the accounts. Go to a book keeping class at your local poly tech (if you havnt already got your Dip or Degree in Acccounting) and see how easy it really is to keep a set of family trust books. Your ACA can help you with any entries you dont know and the professional will add a small fee to your filing bill. Your trust deed should be a comprehensive boiler plate document in plain english.
Should see a small lift in price as bonus bond redemption money finds a place to invest their money. Losing value by having it sit in bank. OCA will offer good dividend return and good prospects of capital gain. Before covid my guess was approx .50c capital gain p.a. Now I think approx .30c p.a. Is not out of the way provided Wall St doesn’t crash and covid doesn’t go pop. Hopefully vaccine is not too far away. Time will tell.
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
Cool name eh and she is but I reckon another Bindi easily trumps her sweetness. Sorry for the off topic post folks but I reckon we all need a bit of sweetness in our lives at the moment, so enjoy and I reckon Steve would have been very proud https://www.youtube.com/watch?v=pPi7p4PLbC8
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 Beagle
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