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16-04-2016, 08:15 AM
#2641
Fair enough Percy,but buying a block of shares as OG did and holding for 6 months or so and then selling (Positional Trade) is a well know and legitimate way to make money and is not a gambling strategy in its essence.
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16-04-2016, 08:38 AM
#2642
Originally Posted by percy
Maybe it is easy to take offence at Troy's post.
On sharetrader too often we are "traders",but there are a great deal of extremely wealthy investors,who spend a great deal of time researching a share before they buy it,with the view of never selling it..
What I see Troy pointing out, is Ryman is such a share.
Perhaps we all should think about this approach.ie we look to buy just 4 to 6 companies with the view of never selling.
May make us focus our attention.
So I can understand Troy's post,and think we can learn from it; "the share market is not a casino, but is a method of accumulating wealth.".
You make a valid point percy BUT, we are on a public forum called SHARETRADER where people have many different ways and methods for investing and share their various views freely. But I think all of us on here are investing in the sharemarket to the best of our ability with the purpose of accumulating wealth. To say to someone on here that you " actually detest folk like you", like troyd did to oldguy, who's posts I value greatly, is out of line and plain rude. Surely the point could be made without personal attacks
Last edited by iceman; 16-04-2016 at 09:46 AM.
Reason: spelling
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16-04-2016, 08:45 AM
#2643
Originally Posted by iceman
You make a valid point percy BUT, we are on a public forum called SHARETRADER where people have many different ways and methods for investing and share their various views freely. But I think all of us on here are investing in the sharemarket to the best of our ability with the purpose of accumulating wealth. To say to someone on here that you " actually detest folk like you", like troyd did to oldguy, who's posts I value greatly, is out of line and plane rude. Surely the point could be made without personal attacks
Agreed.!!!.........
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16-04-2016, 09:26 AM
#2644
Originally Posted by troyvdh
Giday ...Old guy....with all due all due respect...I actually detest folk like you....the SM is not a casino.....holding shares et al in my mind is a method of accumulating wealth.....not cash...personally I've never ever have had cash....just saying Troy
Just saying ,you need "cash" to buy shares......
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16-04-2016, 09:33 AM
#2645
Originally Posted by couta1
Fair enough Percy,but buying a block of shares as OG did and holding for 6 months or so and then selling (Positional Trade) is a well know and legitimate way to make money and is not a gambling strategy in its essence.
For me I like to think positional trades are for accumulating more shares rather than money.
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16-04-2016, 10:16 AM
#2646
Thanks to those that didn't take offence to my actions!
For the record - I was planning to hold these shares for quite a while, but I have some concerns about the forthcoming announcement, so have exited to avoid any potential fall.
Also, Troy, your shares would be worth a lot less if there was no active market for buying and selling them. Indeed, markets without buyers and sellers even have a special name (i.e. illiquid or thinly-traded) which creates significant risks for holders. Imagine if you had to sell out one day but there was no-one there to buy. OR, imagine really wanting to buy some shares but no one wanted to sell them because they all held your point of view. Not great, right?
Thanks
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16-04-2016, 10:18 AM
#2647
Also, I chose to post my exit because I know others have been thinking along similar lines, and I think its useful to share information with like-minded people. Looks like I'll just leave that to PM from here.
Good luck to all!
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16-04-2016, 10:21 AM
#2648
Originally Posted by percy
Maybe it is easy to take offence at Troy's post.
On sharetrader too often we are "traders",but there are a great deal of extremely wealthy investors,who spend a great deal of time researching a share before they buy it,with the view of never selling it..
What I see Troy pointing out, is Ryman is such a share.
Perhaps we all should think about this approach.ie we look to buy just 4 to 6 companies with the view of never selling.
May make us focus our attention.
So I can understand Troy's post,and think we can learn from it; "the share market is not a casino, but is a method of accumulating wealth.".
Anyone investing in this company is doing so for capital gains. It simply is not worth holding just for dividends.
And, to realise those capital gains, you actually have to sell the shares at some stage, right? Thanks.
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16-04-2016, 10:38 AM
#2649
Originally Posted by OldGuy
Anyone investing in this company is doing so for capital gains. It simply is not worth holding just for dividends.
And, to realise those capital gains, you actually have to sell the shares at some stage, right? Thanks.
Agreed.
I think also a lot of us appreciate you stating you sold.
I wonder what the dividend yield on cost price would be for those who brought at the float price?
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16-04-2016, 10:44 AM
#2650
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