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- Your $1m inheritance is locked for 10 years in one company, which one ?
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Originally Posted by Left field
Same here Couta... thoroughly agree.
I don't wish to turn this thread into a treatise on gambling in general and Sky City in particular. I know there are forum members out there with strong views on this topic. And I don't expect any more posting on my part will convince them that Sky City is anything more than a den of sin.
Yet on the positive side of the ledger there are a couple of things that potential shareholders and moral crusaders should know about though.
1/ The ’20 by 2020’ ($20 per hour) initiative will see SKYCITY increase the hourly rate of its lowest-paid employees by 21 per cent over the three years, compared to the official Statutory Minimum Wage of $16.50 as of 1 April 2018. SKYCITY is the first major listed New Zealand company to commit to a $20-an-hour minimum wage.
2/ The National Convention Centre that Sky City are building in Auckland will cost them $430m, and they have negotiated a similar sized contribution from Fletcher Building. That means an $800m project for Auckland at no financial cost to the taxpayer or ratepayer. Even these days, $800m can go a long way to alleviating poverty in Auckland.
SNOOPY
Last edited by Snoopy; 25-06-2018 at 08:49 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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This has been a popular thread. Well done Mr Beagle.
My approach to this would be a tad different to others. Having never received an inheritance to date and all the dosh I have accumulated has been hard earned and honestly acquired I would not particularly welcome such an inheritance because I take pride in calling myself a self made cat.
So I would invest the money in an outsider - a long shot. Hopefully the returns would be substantial and at the end of the 10 years I would be able to start up a very substantial Charity.
My Long Shot would be either NTL where I may be competing with the tea lady or PLX where my main competition could be Scooby Doo. On the basis that a million bucks would not push up the share price too much and after the 10 year period yields a great return I would hopefully be able to improve some lives by the way of a well funded charity.
That at would make me a very happy cat.
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All cool snoopy.... if you don't get it, you don't get it.
Ethical investing is a personal choice, it's one that makes me sleep well at night, even if it makes no financial sense to some.
On with the competition.
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Originally Posted by Brain
This has been a popular thread. Well done Mr Beagle.
My approach to this would be a tad different to others. Having never received an inheritance to date and all the dosh I have accumulated has been hard earned and honestly acquired I would not particularly welcome such an inheritance because I take pride in calling myself a self made cat.
So I would invest the money in an outsider - a long shot. Hopefully the returns would be substantial and at the end of the 10 years I would be ableism to start up a very substantial Charity.
My Long Shot would be either NTL where I may be competing with the tea lady or PLX where my main competition could be Scooby Doo. On the basis that a million8uu bucks would not push up the share price too much and after the 10 year period yields a great return I would hopefully be able to improve some lives by the way of a well funded charity.
That at would make me a very happy cat.
Great sentiment Brain
So would it be NTL or PLX?
Of the two I’d go NTL ....even though about as sinful as SKC
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Member
good posts snoopy - thanks.
perhaps RBD has ruined more lives with unhealthy food than SKC has with gambling debts?
anyway, back to the thread
my pick would be IFT (because of its diversification & track record)
other 'safe' picks would be VHP & AIA (yes the latter is expensive, but 'current price' does not matter so much over the long-term)
given the chance, I doubt anyone on this forum would invest in 'just one' company though..... lol
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Originally Posted by winner69
Great sentiment Brain
So would it be NTL or PLX?
Of the two I’d go NTL ....even though about as sinful as SKC
Ntl would be the better bet. It would be hard to compete with Scooby Doo’s deep pockets
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Last edited by Beagle; 25-06-2018 at 09:39 AM.
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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NTL would be perfect for anyone with Dementia (rinse and repeat for many years?)imo, the quality of which is not even in the gambling stocks sector. ideal for people who want to make $1million and start with $10 million. Now what did i just say.....?......
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Originally Posted by percy
HBL, or TRA,or MEL or GNE,or EBO.or POT,or MFT,and or as Couta1, RYM..
Hey Percy, you have MEL & GNE why not MCY or CEN?
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Somebody mentioned compounding the eighth wonder of the world ...and reinvesting divies boosts returns heaps
Lets say our $1,00m worth of shares grow consistently at 10% pa and we collect a 5% divie along the way and we reinvest that divie into our holding. Essentially assumes earnings will grow at 10% and the divie increases as earnings grow.
At the end of the 10 years we will have about $4.0m (assuming we didn’t spend the divies)
If we had not reinvested our divies we would have $3.4m
Reinvesting the divies gives returns a decent boost eh
No gurantee numbers are right ...indicative only
Also highlights why the NZX50 outperforms the world with divies counted and reinvested
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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