Helpful Video on Choosing Stocks

Dash8 · 13 July 2011

Here is a video that I just recently watched from the 'ASX Investor Hour'. It talks about some good stocks for the new financial year, but more importantly (I think) it details a nice strategy on choosing good, reliable companies to buy into.

http://www.brr.com.au/event/frame/81668

It has really helped me to further develop my trading/investing plan. I especially like the '9 Golden Rules'. I think it may be a good video for any beginners!

Dash

Boggo · 13 July 2011

Dash8 said:
It has really helped me to further develop my trading/investing plan. I especially like the '9 Golden Rules'. I think it may be a good video for any beginners!

Dash

Their approach to analysing stocks does really work. It's the only fundamental approach that I have seen that does work.

I (my SMSF) have been with them for about six years, my subscription is currently on hold in the current market.

I created a couple of lists from their analysis and then used those in my scans.

They identified stocks such as JBH and MND when they were both sub $2.00 and they also gave an avoid heads up on Onetel, HIH, B and B etc when everyone else was buying.

Their approach does work and you can just ring them and ask about any company if you are a subscriber.

Dash8 · 13 July 2011

I think maybe one reason why it works is because it's simple. There's just nine easy steps to follow. I tend to stick with the more simple plans because complicated ones just end up too confusing and you get bombarded with unnecessary information.

Dash.

ROE · 13 July 2011

Yup ..keep it simple ...keep the maths to simple algebra ....keep it neat and work within your circle of competent.

Human tend to create complex beast out of simple stuff ....

Said the man that has the most complex brain Albert Einstein

"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius -- and a lot of courage -- to move in the opposite direction."

Tyler Durden · 14 July 2011

I watched the first five minutes and loved it - anyone know if there is a way of saving/downloading it?

Boggo · 14 July 2011

This was an excellent heads up during a similiar presentation on ONE Onetel in about 2000 I think it was when everyone including the Packers were talking it up.
The rest is history as they say.

(click to expand)

LifeChoices · 14 July 2011

Thanks for the vid - makes lots of sense.

It inspired me to sell a couple of my very boring WOW and AGK shares today that I've held for almost 5 years and swap them over for TGA and FGE. I hope these guys will do better for me.

zac · 14 July 2011

LifeChoices said:
Thanks for the vid - makes lots of sense.

It inspired me to sell a couple of my very boring WOW and AGK shares today that I've held for almost 5 years and swap them over for TGA and FGE. I hope these guys will do better for me.

Well done, I like your style. TGA & FGE are certainly in my portfolio.
FGE I unfortunately paid a little too much for.

Re the video, I saw that a few days ago and really loved it. Made me feel more confident im on the right track. Altho different its rather similar to Roger Montgomerys value investing method, which is basically a version of what Warren Buffet does.

I think it helps inspire confidence in the market and 'manage risk' rather than take a punt.
ie so far this week ive been able to shrug off 2 companies mates said they are going to be excellent buys due to the carbon tax and green energy being the next bull market.
The companies were Uranium Equities and GeoDynamics.
While they may serve to be profitable down the track, right now they dont survive the value criteria and fail the health check.

bellenuit · 15 July 2011

Tyler Durden said:
I watched the first five minutes and loved it - anyone know if there is a way of saving/downloading it?

I think its the same presentation as the presenter and duration are the same, so you should be able to download as a podcast from the ASX website (either as audio or video+slides). This is the link:

http://www.asx.com.au/resources/asx-podcasts-2011.htm

As of this moment, it is the second listed (Hot stocks for the new financial year).

I can't check it out as I am close to my monthly Bigpond limit with a week to go and downloading such a large video presentation would put me in shaped mode.

Tyler Durden · 15 July 2011

bellenuit said:
I think its the same presentation as the presenter and duration are the same, so you should be able to download as a podcast from the ASX website (either as audio or video+slides). This is the link:

http://www.asx.com.au/resources/asx-podcasts-2011.htm

As of this moment, it is the second listed (Hot stocks for the new financial year).

I can't check it out as I am close to my monthly Bigpond limit with a week to go and downloading such a large video presentation would put me in shaped mode.

Thanks

Tyler Durden · 15 July 2011

I've listened to the entire thing now whilst going through the pdf document. It sounds good, but I am a bit skeptical of that chart that showed a general upward trend of share prices throughout history. It's almost as if the message is: buy shares - you can't lose.

ENP · 16 July 2011

The bit I don't like it that he says he only buys in companies that have "good news" or "no news" and are showing an upward trend for the last 12-18 months.

Value investing in companies he suggests is all about going against the grain and investing on bad news.

zac · 16 July 2011

ENP said:
The bit I don't like it that he says he only buys in companies that have "good news" or "no news" and are showing an upward trend for the last 12-18 months.

Value investing in companies he suggests is all about going against the grain and investing on bad news.

On the surface that probably sounds contradictory, but if you look at Forge for example and he uses that as an example I think of how the share price has dropped so much of late, yet the companies fundamentals havent changed and there hasnt been any bad news.
Investing on bad news; I dont remember how it was said as such but when there is fear in the market, ie now there is fear.
You wouldnt invest on bad news about the particular company and David Jones is a good example there, they dropped 18% in 1 day and due to the bad news of their announcement the drop was perhaps justified.

VSntchr · 16 July 2011

zac said:
On the surface that probably sounds contradictory, but if you look at Forge for example and he uses that as an example I think of how the share price has dropped so much of late, yet the companies fundamentals havent changed and there hasnt been any bad news.
Investing on bad news; I dont remember how it was said as such but when there is fear in the market, ie now there is fear.
You wouldnt invest on bad news about the particular company and David Jones is a good example there, they dropped 18% in 1 day and due to the bad news of their announcement the drop was perhaps justified.

The thing complicating the DJS situation is the fact that their previous/fantastic 10 year record was under the management of someone else. The change of management might be purely coincident with horrible retail conditions..but it just ensures that value investors like myself can't justify purchasing any because you cannot eliminate this from the decision process and just call the drop short term negative sentiment...(unless you have reason to have utmost confidence in the future of new management)...
Will be interesting to see how the next year or two pans out for them..

As for FGE, the fundamentals have changed IMO. Growth has slowed as indicated by the latest profit announcement...which was carefully worded to confuse people into thinking it was a positive announcement. I still hold FGE but the way this was worded annoyed me and the slowing of growth caused me to chop my holdings down by about 40%...

Kind of off topic of this thread I just realised...sorry!

Helpful Video on Choosing Stocks

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