AFF Member Stock Discussion

[cove]

Just always remember......this is not financial advice......
Have played the stock market game for 52 years and still make mistakes.

 

[Flying mermaid]

Even Buffett makes mistakes - stock tips on social media are interesting, but nothing beats your own research. I spend a lot of time reading annual reports and looking for what’s been glossed over. It amazes me how many people don’t really understand the business models of the companies they invest in! Even doing all that, I have my share of woofies.

 

[daft009]

so from all of you who are all full of years of wisdom, whats options should I consider for a "set & forget" strategy?

I'm doing various ETFs with a 10yr+ outlook. personally & via my SMSF (not the same ones)
anything else?

 

[Dr Ralph]

so from all of you who are all full of years of wisdom, whats options should I consider for a "set & forget" strategy?

There's no such thing in my view.

 

[Isochronous]

Tobacco stocks are surprisingly resilient dividend payers and capital performance isn't too shabby either.

 

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[daft009]

There's no such thing in my view.

surely ETFs which all recommend a 5-10yr timeline are as close to "set & forget" as possible?

 

[jakeseven7]

surely ETFs which all recommend a 5-10yr timeline are as close to "set & forget" as possible?

Make sure they are physical ETF's not synthetic....

 

[cove]

I sold some Ausdrill today so that might take the monkey off their back........

 

[Buzzard]

so from all of you who are all full of years of wisdom, whats options should I consider for a "set & forget" strategy?

I'm doing various ETFs with a 10yr+ outlook. personally & via my SMSF (not the same ones)
anything else?

Certainly not financial advice but you could do this:
75% VAS
15% VEU
10% VTS*
Or a mix of ETF's and LIC's such as AFIC, Argo, Milton.
Just bear in mind that VTS is domiciled in the US so could come with some complications making VDGR a better option.

 

[cove]

I had the usual double whammy of quarterly taxes and a high seasonal BAS this month so I had to decide which shares were best to sell. The BAS was due by 21st and the quarterlies by 28th of the month but I always start early as I am in Sydney 4 times over 6 weeks thanks to frequent flyer points and several AGMs.
Out went some WBC,VRL,ASL,CQE and CBA but I still have many of these left.
I just don’t hold millions in cash these days as the interest on our Westpac cheque accounts is now well below 1%.

 

[daft009]

Certainly not financial advice but you could do this:
75% VAS
15% VEU
10% VTS*
Or a mix of ETF's and LIC's such as AFIC, Argo, Milton.
Just bear in mind that VTS is domiciled in the US so could come with some complications making VDGR a better option.

thanks for the reassurance, those are the ETFs I already hold in small quantities. w

 

[Dr Ralph]

I'm at the CSL AGM today at the Westin in Sydney.

 

[cove]

You dodged a bullet with the ex postie Dr Ralph.
Let us know what you think of CSL after the AGM.

 

[Dr Ralph]

You dodged a bullet with the ex postie Dr Ralph.

May be. But they've still got my money! Wondering how long the refund will take.

Let us know what you think of CSL after the AGM.

At around $250 a share, it'll probably go higher (at least that's its history), but it's getting too rich for my blood. Surely a share split is coming for this as well?

 

[daft009]

I'm at the CSL AGM today at the Westin in Sydney.

good to see they are going from strength to strength.
they are a very good customer of mine

 

[samh004]

Can someone help explain to me the value in a 'convertible note' over simply buying the actual stock?

 

[drron]

I used to use Convertible notes a lot in the past.It reduced my risks.
at that time there were 3 gold miners that issued CNs.the benefit was you got interest on your CN when the shares were not paying a dividend.With 2 of them the share price went down so I chose to be repaid the issue price.one however the shares had doubled in price so I converted the CNs to shares and booked a nice capital gain.
there were other uses.
However there have been a lot of changes since those glory days.Some CNs now do not have the option of redeeming for cash,some are "perpetual' so in fact you increase your risk-as with the bank "hybrids".

So now you must read all the small print to understand what you are buying.

 

[cove]

Both Dreamscape and Credible Labs are being taken over so that was ok for us. I think the takeover money should turn up by the end of the month.

 

[Dr Ralph]

Just curious, how many different ASX listed businesses do people hold shares in and what's the most unusual/interesting one one?

I'll start this off. Hold shares in 38 ASX listed businesses and for me ARQ is my most unusual/interesting one. Why? I managed to get in when this was originally floated as Melbourne IT. Made me my biggest stag profit ever.