Buying from your companies?

[Tyler Durden]

Just wondering, do you prefer to shop or purchase from stores that you have shares in? For example, if you own Woolies shares, do you only shop at Woolies and avoid Coles, Aldi etc?

 

[springhill]

Yes, i have shares in Bathurst, and that is the only place i would buy my coal from

 

[Garpal Gumnut]

Just wondering, do you prefer to shop or purchase from stores that you have shares in? For example, if you own Woolies shares, do you only shop at Woolies and avoid Coles, Aldi etc?

A very good question.

I normally shop at Woolies and have invested in them. Last year I saw the effort that Wesfarmers put in to Coles, but wasn't convinced to invest in either due to the macro view.

Generally in a bull market I buy in those I invest in, but in a bear, it's everyone for themselves, in my opinion.

gg

 

[Julia]

I'm not at all influenced re where I shop depending on shares I hold.
They are two entirely separate issues.

Perhaps, though, there's some relevance in the reverse proposition, i.e. I'd be more likely to buy shares in an organisation which I repeatedly observe to be doing good business.

 

[So_Cynical]

I buy Patties (PFL) pasties when i can and buy Suncorp (SUN) insurance when i can, try to only buy shares that use Computershare (CPU) as there registry, i use iinet for my internet and phone, Amcom (AMM) own about 30% of iinet...i get a warm fuzzy feeling when i pass by a building that is owned by Dexus (DXS), Australand (ALZ) or CFX (CFX) and get that same warm fuzzy feeling when a K & S (KSC) Freight-liner truck drives past.

 

[Bill M]

Just wondering, do you prefer to shop or purchase from stores that you have shares in? For example, if you own Woolies shares, do you only shop at Woolies and avoid Coles, Aldi etc?

No not usually, not anymore. Things have changed quite a bit now. In the old days I had Pacific Dunlop and Coles shares and both gave shareholders discounts. Buying a set of tyres saved you a lot of $$$ and Coles gave you a 5% to 10% discount across their chains. They scrapped both those plans so I just go to the cheapest. I use to have Tabcorp shares and they gave a 10% discount on meals at their casinos. I use to say to Mum, don't worry I'm a shareholder here, I get a discount. Then the Victorian Government pulled their pokie licenses and the shares halved in value, never told her about that.:headshake

 

[Tysonboss1]

I do, I know it wouldn't affect anything earnings wise, but I just like to see the products and services first hand from the companies I own,

I had never eaten salmon until I was doing some research on Tassal (tgr). Turns out I like Salmon .

 

[Whiskers]

I wouldn't invest in the companies I buy most from as a general rule, cos if everyone did what I did they would be less profitable.

For example, I do most of my grocery shopping at Woolworths, but only buy specials and ocassionally home brand. Most of the rest of my grocery shopping I do at IGA, specials again... particularly on saturday afternoon... they have much better mark downs to clear for the weekend... particularly if you are a regular they will do even better on bundles. The balance I do at wholesale outlets that sell to the public.

Similarly with most other businesses, I buy when the price is right... not on impulse or habit.

I recall a lesson a wise old farmer told me many years ago after many rural industries came off a long high earning period and was into a few years of record lows with many crying poor with cash flow and debt problems... they had plenty of assets, cos they blew their profits on the latest machinery, cars and new houses and borrowed more against it all in the good times... he said the best way to get rich(er) (apart from minimising debt) is to be very predent with your spending, ie don't pay any more for your inputs and personal expenses than you have to... make your dollar go further than most.

I have grown up to be such a miserly spender on many things such as groceries that you can buy at substantial discounts if you plan your pantry, lifestyle and shopping.

Conversely, with selling goods, I generally try to produce the best niche product I can and market it accordingly.

So generally, I wouldn't buy shares in any company I dealt with... it would interfere with my mindset and decision making when I went shopping... cos I always want to come out on the better end of the transaction. :

 

[McCoy Pauley]

I've been spending a lot of weekends at Bunnings in the last 12 months as we try to improve our home, plus the local Coles is a convenient drive away from home. So I do have some Wesfarmers shares based on the fact that I give their subsidiaries a fair amount of cash each week.

Our mortgage is with a NAB subsidiary, so I bought some NAB shares as a result. Probably not one of my most clever investment decisions.

 

[skc]

I am a short term trader and regularly long and short various shares in different sectors.

When I trade in and out of telecom stocks, I change my phone plans at the same time.

When I trade in and out of media stocks, I call all my friends and ask them to watch /read that particular channel / newspaper.

When I trade in and out of building materials stocks, I pull all the Boral bricks out of my home and replace them with abestos sheeting from James Hardies.

When i trade bought carsales.com.au - I ended up buying a few cars that I didn't really need. Same when I bought some REA (realestate.com.au) - I had to sell my own house.

May be I should stop buying / selling from my own company...