Medium/Longer Term Stock Portfolio

[over9k]

FWIW, I know the NYSE has aviation/airline ETF's if you want to bet on the industry rather than one specific company.

With that being said, you could also look at boeing as a bet on the industry what with it being the huge player that it is and all this in a way being "free" time to get the 737 max fixed. They'll undoubtedly bounce significantly the day they announce that that's finally sorted.

 

[aus_trader]

FWIW, I know the NYSE has aviation/airline ETF's if you want to bet on the industry rather than one specific company.

With that being said, you could also look at boeing as a bet on the industry what with it being the huge player that it is and all this in a way being "free" time to get the 737 max fixed. They'll undoubtedly bounce significantly the day they announce that that's finally sorted.

Yes Boeing looks better in terms of balance sheet strength compared to the US airline stocks.

 

[over9k]

Yeah they raised a LOT of capital way back. All BBB dogsh!t rated of course so it was expensive but having actual physical assets (you know, planes) that it can be secured against/seized in place of payment vs being a purely intellectual capital or IT company is a major advantage.

 

[Knobby22]

Did a bit of selling today as latest covid news is all bad. Seems many others had the same idea.
All out of Kathmandu and t educed holdings in many other companies.

 

[aus_trader]

Did a bit of selling today as latest covid news is all bad. Seems many others had the same idea.
All out of Kathmandu and t educed holdings in many other companies.

Yes, I am also less optimistic of the scenario of all being back to normal with the vaccine hope. It's taking a lot longer than initially expected to vaccinate the global population.

There is also more complication thrown into the mix with the more dangerous mutated strains of the virus and modifying the vaccines for that...

 

[over9k]

It'll be another 1-2 years before we're all vaccinated.

 

[Knobby22]

It'll be another 1-2 years before we're all vaccinated.

Worldwide that is true. Most countries health systems are in controlled chaos, managed by panicking incompetent fools.

Australia however will be completely vaccinated by November at latest according to Greg Hunt. I would not be surprised if it was earlier.

When we start in March it will be organised and planned. Compared to the USA and many European countries including the UK, we will be efficiently ruthless.

 

[over9k]

Oh yeah AU won't take long at all. First world country, small population, very little actual infection in the community, actual cold-chain infrastructure etc etc...

Third & developing world, however, is a totally different story.

 

[aus_trader]

Oh yeah AU won't take long at all. First world country, small population, very little actual infection in the community, actual cold-chain infrastructure etc etc...

Third & developing world, however, is a totally different story.

I still think there may need to be further vaccinations against the more aggressively contagious strain, am I right ?

Or will this Covid thing turn into a flu like disease where vaccinations need to be done every so often like yearly or so to combat mutations ?

 

[over9k]

Well we just don't know because we don't know much about the virus.

I really, really, really hope it isn't the latter.

 

[aus_trader]

Well we just don't know because we don't know much about the virus.

I really, really, really hope it isn't the latter.

Me too !

In fact I wish we had gotten over this threat/distraction already.

 

[over9k]

Dunno man, stonks have done pretty well this year

 

[aus_trader]

Dunno man, stonks have done pretty well this year

Yeah, can't complain about that

 

[aus_trader]

Latest addition to this longer term portfolio is Freelancer Ltd (FLN). I've written a detailed investment thesis for the reasons of buying in https://www.aussiestockforums.com/threads/speculative-stock-portfolio.33280/post-1128575 post within the Speculative Stock Portfolio.

Also updated distributions received for the ETFs in the open portfolio below:

 

[aus_trader]

It's been a crazy period with work towards the end of the year, didn't get any time to do some posting in ASF which I missed.

Hope to reduce work or to delegate or re-structure as current work hours are not sustainable...?‍

Wish everyone a Happy 2022 !

 

[aus_trader]

It's been very challenging to hold onto long term stuff, as the market keeps falling. I feel sick every time I look at FLN, AIZ P/L in my account. Let's just say it's not easy to do long term investing unless you have a gut for it.

I have a lot to learn and I will keep working at it to follow in the footsteps of uncle Buffet, Munger and their forefathers like Ben Graham and great fund managers like Peter Lynch.

Bought a long term position in BHP Group Ltd (BHP) yesterday. It's down further today , so in hindsight could have waited, but in longer term investing I think it's not the primary aim to try and time a purchase to the last tick...

 

[Telamelo]

It's been very challenging to hold onto long term stuff, as the market keeps falling. I feel sick every time I look at FLN, AIZ P/L in my account. Let's just say it's not easy to do long term investing unless you have a gut for it.

I have a lot to learn and I will keep working at it to follow in the footsteps of uncle Buffet, Munger and their forefathers like Ben Graham and great fund managers like Peter Lynch.

Bought a long term position in BHP Group Ltd (BHP) yesterday. It's down further today , so in hindsight could have waited, but in longer term investing I think it's not the primary aim to try and time a purchase to the last tick...

View attachment 146289

Well in hindsight mate it's always easier to see & time a better longer term entry (don't sweat on it as BHP are better positioned than most to rebound higher over time not to mention the great dividend yield twice yearly Good luck & best wishes!

 

[over9k]

It's been very challenging to hold onto long term stuff, as the market keeps falling. I feel sick every time I look at FLN, AIZ P/L in my account. Let's just say it's not easy to do long term investing unless you have a gut for it.

I have a lot to learn and I will keep working at it to follow in the footsteps of uncle Buffet, Munger and their forefathers like Ben Graham and great fund managers like Peter Lynch.

Bought a long term position in BHP Group Ltd (BHP) yesterday. It's down further today , so in hindsight could have waited, but in longer term investing I think it's not the primary aim to try and time a purchase to the last tick...

View attachment 146289

As soon as china lifts some lockdowns it'll soar.

 

[over9k]

Energy will pull hard on lockdown lifting too

 

[aus_trader]

I really like the illusive idea of long-term investing. There is something attractive about the idea of finding undervalued/unloved companies and buying them low and selling them high once they appreciate in value and become overvalued. Also, there is the potential to find little gems and hold onto them till they become larger well-known companies. To do this however a lot of experience and conviction is required:

• Experience to find the winners early.
  
  
• Conviction to hold through volatility, because nothing goes up in a straight line and during drawdowns the stomach will be tested.

This idea is very attractive and yet very difficult to achieve. Even investing greats like Warren Buffet gets it wrong time to time and gets out of positions at a loss. For example, when I bought Air New Zealand Limited (AIZ), I got some inspiration from Buffet buying up the US airlines like Delta Airlines and United Airlines. It made sense as the world was slowly opening up with vaccine rollouts, after all the lockdowns and disruptions. However, Buffet had sold out of those airlines soon after ! We only get to find out once the quarterly reporting happens with substantial holder information on stocks . How do the investing greats know when they may have made a mistake and cut the losses quickly and yet keep adding and dollar cost averaging down into other positions taking on huge drawdowns along the way ?

I haven't had a great deal of success in terms of investing, certainly haven't found the holy grail. Hence the word "illusive" that I used at the start of this post. Constantly learning and trying to improve though, as the saying goes...