Australian (ASX) Stock Market Forum

The bet: Will these average 12% return including dividends in 1 year?

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Realist said:
About 22%... :eek:

The reason you diversify is twofold - you protect yourself from losses by spreading the risk, and you give yourself a chance to hit a windfall by buying more tickets.

To suggest someone with 20 shares "got lucky" when one jackpots is missing the point.

Much like it would be silly to suggest someone who put all of their life savings into one company was unlucky when it goes under.
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prawn_86 said:
Sorry, i wasnt meaning to imply you got lucky.
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I disagree with Prawn. Pure @rse picking FDL. It's a diamond company. It's iron most likely wasn't even on the justification for the buy. So, in retrospect, you might have well have thrown a dart at the board. But, good toss anyway! :D
 
kennas said:
I disagree with Prawn. Pure @rse picking FDL. It's a diamond company. It's iron most likely wasn't even on the justification for the buy. So, in retrospect, you might have well have thrown a dart at the board. But, good toss anyway! :D
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Yep - I don't disagree!!!

J:xmastree
 
Realist said:
Yep - I don't disagree!!!

J:xmastree
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But perhaps this goes to show that throwing darts can be just as successfull as TA and/or FA? Maybe it could depend on the cycle? Maybe on the quality of dart throwing?

Not to say that you guys have done tremendously well the past year. Good darts!! LOL. :)

I think the real test would be in a downward trending market, which you can test next year perhaps? ;)

Have you lost your job Realist?

:)
 
anyone can make money in a bull market, hell i made an unrealised gain off $125k during those hey days to only see it disappear to a -$45k unrealised loss

its making money in a bear market that counts,

a high tide lifts all boats...
 
Dont disagree. I took mine.

But this bet?
Id like a new boat.
How much did you want me to fleece off you?

Before I post from 12/12/07 - NOW.

its making money in a bear market that counts,
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Not all boats have holes. Not all Captains steer their ships into light houses either.
 
6 months later all down 20% i bet!
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T/T is up 9% in the last 6 mths.
Realists I havent calculated but from his picks.
Would be down atleast 20%

Code --21/12 price---Now.

BHP 39.65 40.70
BSL 9.39 9.76
CAQ .16 .16
CBA 57.70 42.30
CBH .54 .19
CQT .58 .45
DRT 2.00 1.62
EVE .135 .068
FBU 9.80 4.97
FDL .094 .20---seems to have merged or something last trade in may.
FGL 6.49 4.71
FUN .62 .50
HCY---last trade 17/12
IAG 4.10 3.69
JPR .105 .11
MRE 5.79 2.98
MTN 2.00 1.34
PMH .30 .265
PRG 5.13 3.44
RIN--cant find it at all not even the code.
RIO 128.50 125.70
USA .25 .12
WDC 21.10 16.10
WDCNB ceased in August.07
 
tech/a said:
T/T is up 9% in the last 6 mths.
Realists I havent calculated but from his picks.
Would be down atleast 20%
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What really puzzles me is that this has been proven repeatedly, but STILL people insist on bottom picking and holding on to their losers because "it's a good company".

People really do continue to behave in the same way and expect a different result.

(Actually it doesn't really puzzle me, it's human nature).
 
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