Sean K
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- Joined
- 21 April 2006
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About 22%...
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.
Sorry, i wasnt meaning to imply you got lucky.
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!
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?Yep - I don't disagree!!!
J:xmastree
Tech did very well also - close to 31% overall going by todays figures.
Best performer was the ASX..
great to have seen the results today (6 months later all down 20% i bet!
its making money in a bear market that counts,
6 months later all down 20% i bet!
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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