Why have to hold? Because its down? What if that doesn't change?
High Yielding Shares Again
- Thread starter MTR
- Start date
Why have to hold? Because its down? What if that doesn't change?
China, maybe next time you want to take another big punt on a stock, halve the amount and buy VAS with the other half. Tick DRP option on both and put them in the drawer and you need to ban yourself from touching them 2 years at least, and check price only monthly. Will help you sleep. 
China, maybe next time you want to take another big punt on a stock, halve the amount and buy VAS with the other half. Tick DRP option on both and put them in the drawer and you need to ban yourself from touching them 2 years at least, and check price only monthly. Will help you sleep.
Love it.
China, maybe next time you want to take another big punt on a stock, halve the amount and buy VAS with the other half. Tick DRP option on both and put them in the drawer and you need to ban yourself from touching them 2 years at least, and check price only monthly. Will help you sleep.
That's hard work Erko. Easier said than done.
Where is the excitement with that approach? Remember investing ain't meant to be simple and boring.
Cheers,
Oracle.
I am counting on my opinion that:
1. the all ords will continue to rise between now and next year
2. WOW is a strong business for the reasons Oracle and others on this thread have pointed out
If it remains stagnant, I hold for yield -at 5% yield it beats term deposits and equals resi IP
Thanks for posting your trades China.
Most people (not necessarily on this forum) are happy to post their "wins" retrospectively. I appreciate you posting your trades prospectively and your rationale for doing them. Good luck.
Most people (not necessarily on this forum) are happy to post their "wins" retrospectively. I appreciate you posting your trades prospectively and your rationale for doing them. Good luck.
China, maybe next time you want to take another big punt on a stock, halve the amount and buy VAS with the other half. Tick DRP option on both and put them in the drawer and you need to ban yourself from touching them 2 years at least, and check price only monthly. Will help you sleep.
I take your point regarding less trading and more investing. But whats the point of monthly price check if I cannot make a move?
Ah, good point China. In that case, never look at the price.
No, why cant it be an indefinite hold? This is the High Yield Shares thread of the forum afterall?
Really? Within the 2 year window? Then what, have another punt I guess. Sounds like a good plan. Nevermind the frictional costs eh. You are missing the key to generating long term compounding of wealth.
Thats assuming that the stocks I hold will generate long term compounding of wealth. The track records of ANZ BHP and WOW would suggest so but history is obviously no predictor of the future.
What if the market rises 30% and than corrects 20%, you might think this is the bargain I have been waiting for but you still end up paying higher price than the current price.
Very few people are successful at market timing over long term. Remember, each trade you do (buy or sell) the person on the opposite side is taking opposite view to yours. You both cannot be right. One has to be wrong. How confident are you that your research and foresight is better and right all the time for several years compared to the person on the opposite side of the trade?
Cheers,
Oracle.
+1. They might not be trades I would be making, but kudos for posting them on a public forum and keeping us updated as they unwind.
I had the same Pov MTR. But in the end figured I'm in this for the long haul. I could wait for a fall, or I could start.
I purchased a packet of VTI on the US market. I figure that at this point I will make some money on the USD/AUD drop. My plan is to increase my holding each moth using some of my surplus income. It's only a small packet but it is a start. If the 'fall' does happen I will look to double up.
However I know you already have good exposure to the US market whereas I don't.
Blacky
This is spot on and proven true over the long term (well proven by Bogle and many others) However, it's human nature to want to fiddle, think we have an insight or just plain gamble. I realise I am susceptible to this as much as anyone, perhaps more so, but that I also enjoy it.
So what I have done is set a 50/50 index / direct stock portfolio allocation and for the index portion, standing buy orders, date not price to buy VAS and VTS which takes care of DCA, this provides a sea anchor
The other 50% are direct stocks that I have conviction on, nothing speculative just the likes of BRKB,MKL, LIC's, Banks, consumer staples and a few others and that I like for long term buy and hold.Knowing your own limitations and weaknesses and working around them is key. For anyone interested, Guy Spiers Education of a Value Investor is a good read and really got me thinking about this point.
So what I have done is set a 50/50 index / direct stock portfolio allocation and for the index portion, standing buy orders, date not price to buy VAS and VTS which takes care of DCA, this provides a sea anchor
So which half does better for you? The ETFs or the direct shares? Because if you find that one or the other does better for you over the years is it not logical then to focus all the resources on the winner?
