AFF Member Stock Discussion

[drron]

Well we agree on OSH Cove.Has been a beauty for me as I originally bought in around 50 cents.Sold a third when they hit $1.50 so now free carried.

 

[Jacques Vert]

Our self managed pension phase s/fund is almost wholly cash/cash products/ and au equities.
The equities comprise a mature holding that has produced steady capital gains and a stable income stream over a long period.

No international equities? There are some good companies out there. We use some Australian Managed Trusts to gain exposure and increased diversification.

 

[samh004]

A painting (!) ... not one of my own

I've had some group hounding me to buy paintings and lease them to offices for a while now

 

[zenyattamondatta]

VAS is interesting with a holding of 296 companies and a fee of only 0.10%

So you like it more than other ETFs with a similar unit price?

 

[Flying mermaid]

You just have to be lucky.I began investing for my super fund in March 2003.it turned out to be 2 days after the low on the ASX post the IT collapse.

I started investing in late 1986. Being a novice and having made a bit of a profit, I became a bit panicky and sold out everything and went to 100% cash in 1987 - just before Black Monday. I felt like a really wise investor, but it was just blind luck.

I tend to be an investor rather than a trader, so patience, patience, patience are my guides.

 

[RooFlyer]

I've had some group hounding me to buy paintings and lease them to offices for a while now

Many years ago, I wandered into a gallery in Sydney that was having an exhibition by Tim Storrier ... Gallery owner sidles up to me and says "Are you looking to get a few for the super fund, sir?" Well, I was in a suit at the time.



Back then, I didn't realise you could do that sort of thing. Gee, I wish I did buy one then (but I don't think it would have fitted into the safe ... )

 

[Jacques Vert]

I've had some group hounding me to buy paintings and lease them to offices for a while now

Art Index?

 

[samh004]

Gee, I wish I did buy one then (but I don't think it would have fitted into the safe ... )

I think the idea is to loan it to offices to receive a return, like a dividend, but I'm sure you knew that no point locking it up to never see the light of day again, even though that does work for some paintings.

Art Index?

That's them. They're persistent.

 

[tgh]

No international equities

Two reasons ; earnings and understanding.
First : Au share dividends are mostly franked , increasing the real yield substantially..
Second : I have some feel for the economic and political "pulse" of my homeland, offshore it's much harder.

An advisor who was giving us a big management hard sell, rubbished my au portfolio as un-diversified and high risk..
I told him (politely) that his vision was cough.. and that ended that….

 

[Jacques Vert]

Fair enough. We've managed to do quite well with our offshore trusts but I realise they are not for everyone.

 

[Buzzard]

So you like it more than other ETFs with a similar unit price?

Not necessarily. It's not the unit price that is of interest it's the mix of shares within the ETF and the management fee. I can't remember the code off the top of my head but Vanguard have an ETF that is domiciled in the US making it of no interest to me because of the potential consequences that come with it. You just have to go with one or more products that suit you.
I have a mix of LIC's, ETF's, individual stocks, property and cash.

 

[lovetravellingoz]

Two reasons ; earnings and understanding.
First : Au share dividends are mostly franked , increasing the real yield substantially..
Second : I have some feel for the economic and political "pulse" of my homeland, offshore it's much harder.

I think the second is very important, in that is important to have a good feel for the company that you are invested in and to know the marketplace that it is in so that you know when to sell. Some of my failures have been when I was not aware that the company or sector was going bad.

I mainly buy Aussie companies. But have some international. For greater diversification into internationals I use my super funds where others are more in tune with the markets.

A bit like Buffet, I look for well run companies that have a competitive advantage and who have a business I can readily understand and have a feel for (that way I am more likely to know if things are turning south). I am wary of wonder stocks that may have zoomed doe to just one innovation, that may then be lost when the next companies invents its new software application etc.

I do tend to be counter-cyclical when I buy and so look for companies who may be out of favour.

James Hardie has been good for me as I bought them when they were on the nose, but were a sound business with good building products that were underutilised in many international markets.

Resmed and Cochlear both had technological advantages in the booming medical field suited to aging and affluent populations.

Yes I bought Qantas when they were cheap.

Best thing I ever did share wise was to buy into the Commonwealth Bank Float and to re-invest the dividends. Boy has that compounded well.

Hitting 59 this year and so I will once fully retired (ie Capital Gains Tax paid will be less as my marginal rate of tax will be dramatically less) will look start selling off some shares to simplify things. In part as I will be travelling more for extended periods when it is easy to miss crucial fluctuations in the market. I am now semi-retired and don't really want to be bothered monitoring my current twenty odd stocks when away on longer trips that I am already taking.

BIGGEST TIP: Beware of stock tips as people will tell you when to buy a stock, but not when to sell out! So unless you understand the company and the market do not buy as you are only then gambling and not investing. ie I got burnt by buying ION on a tip, and the guy was an ex-stockbroker!

So yes listen to a share tip, but do not buy it unless you understand it and are willing to take the time properly to understand it and to be in position to yourself decide when to sell it.

 

[cove]

I guess I sold APT and CUV too early. I took profits only to see their share prices rocket upwards.
I read the whole of the Reece report and their US acquisition is now looking way too expensive. I should go to their AGM but it is really busy at the office at the month end. They are REH.

 

[cove]

Sometimes I invest in start ups that are unlisted or in syndicates for property purchases where the property is getting a makeover.
I prefer ASX listed investments as you can sell out quickly if your needs change.
I park surplus funds in big four bank hybrids so I get about 5% on idle moneys. I use CommSec with cheap brokerage to move in and out of these hybrids.

 

[Buzzard]

My best tip is to use SelfWeath for your trades. CHESS sponsored they currently charge $9.95 per trade regardless of size.

 

[Isochronous]

Sometimes I invest in start ups that are unlisted or in syndicates for property purchases where the property is getting a makeover.
I prefer ASX listed investments as you can sell out quickly if your needs change.
I park surplus funds in big four bank hybrids so I get about 5% on idle moneys. I use CommSec with cheap brokerage to move in and out of these hybrids.

Tell us more about these hybrids cove!

 

[coriander]

Unashamedly plagiarised from an online forum:

Consider this statement from the foremost active investor in history:
“Over the years, I’ve often been asked for investment advice, and in the process of answering I’ve learned a good deal about human behaviour. My regular recommendation has been a low-cost S&P 500 index fund”
– Warren Buffett

And if the greatest investor of all time isn’t enough to convince you about the wisdom of investing in an index fund, how about words from the infomercial king himself :
“When you own an index fund, you’re also protected against all the downright dumb, mildly misguided or merely unlucky decisions that active fund managers are liable to make”
Tony Robbins

 

[cove]

Big four bank hybrids form part of the capital of the bank. This means in a bankruptcy you rank behind all the depositors, term deposits , employees and creditors and there is no bank guarantee. That said the chance of say CBA falling over is certainly very low and some might say if that happened Australia would be totally buggered. If I have uncommitted funds I use CommSec to buy them as their fees for trading are close to 0.1% brokerage.
If you pm me with an email address I can send you a summary sheet that updates daily.

 

[samh004]

For those with a large risk appetite, STX may be of interest. Perth based O&G exploration company (sorry cove).

In the AFR today, for those that have access: Strike while it's hot: fundies take a look at gas hopeful

My best tip is to use SelfWealth for your trades. CHESS sponsored they currently charge $9.95 per trade regardless of size.

I was going to ask about what platforms members use/recommend at some stage. I figure most go with whoever they bank with, eg. CommSec for CBA customers? I bank with NAB so use NabTrade and find it quite good, but then I haven't really tried anything else, other than IG but that was for points.

 

[drron]

Previously I would invest in Convertible notes as they ranked before the ordinary shareholder.
My broker was very concerned with the amount I poured into Walton's convertible notes when young Alan bond was in charge.Easy answer-how do you think he is going to get his money out.He was buying them at 25 cents and i bet he got a little narked with this fellow standing in the market picking them up at 26 cents.And as predicted when they expired I was paid the 50 cents of face value plus 2 dividends.

Cove you might know of Whittakers a family WA company that was listed.Used the same ploy there.

But oil may be about to take off.The cost of using an oil tanker has taken off in the last 2 weeks.