Wednesday, June 29, 2011
Telstra
Telstra have become cheaper lately. Its price has dropped quite substantially in the past couple of days and it is still dropping. Before the NBN deal announcement, which will give Telstra around $11bil post tax for around the next 9 years, its price was climbing from its lowest. I personally not sure why the sell off. The media did not provide negative news only after a couple of days of dropping. I say it is great, perhaps when the price is low enough, I will buy some more. I love its economics. But just want to make sure, I will try to re read its financial statements for the past couple of years. See if it might contains something good so that I can buy some more with more confidence.
Tuesday, June 28, 2011
Stock Positions by End of 2009 Financial Year
This is my stocks position at the End of 2009 FY
Please feel free to comment or ask.
I will post this summary review at the end of every financial year
Please feel free to comment or ask.
I will post this summary review at the end of every financial year
The Beginning
Today, I have decided to share my investment ideas. By doing so, I hope I can get feedback from others about the ideas and also theirs ideas as well. Of course, I also act on it too, thus, I am not just talked about it but also act on it. So, what will happen is that I probably have acted on (buy or sell) the shares and then I share my ideas.
My history in the Australian Stock Exchange (ASX) goes back around 2006. I started small with managed fund. Back then, I was still an employee and a part time students. Since I have free cash flow, I decided to put my cash to work. But where is the ideal place to put my cash? I have thought about opening up a small business but there are 2 main problems which I was unable to answers ie the kind of business and the amount of cash required. So while pondering those two questions, I decided to try managed fund to park my cash temporarily.
I heard about managed fund but I have no idea about it. But I remembered 1 reason why I would like to try it ie its return is more than cash deposit over a long period of time (min of 5 years). So I read up on strategies about managed fund. Out of so many strategies, these particular strategies stuck with me:
In 2008, unfortunately, subprime mortgages exploded and so did stock. Mine too! Along the downhill, I pumped in more cash into managed fund. It was very scary at that time and took a lot of courage to pump in more cash. I also cashed out some of my managed fund position. I cashed out not because I panicked but because I want to create my own portfolio. I would like to cash out all of my non index fund and start my own portfolio due to the following reasons:
This is just the beginning, whether I will succeed or not, only time can tell. So far, I am not far behind the Index.
I hope my blog can be beneficial to you and myself.
Good luck
Manager
Vocus on ASX
My history in the Australian Stock Exchange (ASX) goes back around 2006. I started small with managed fund. Back then, I was still an employee and a part time students. Since I have free cash flow, I decided to put my cash to work. But where is the ideal place to put my cash? I have thought about opening up a small business but there are 2 main problems which I was unable to answers ie the kind of business and the amount of cash required. So while pondering those two questions, I decided to try managed fund to park my cash temporarily.
I heard about managed fund but I have no idea about it. But I remembered 1 reason why I would like to try it ie its return is more than cash deposit over a long period of time (min of 5 years). So I read up on strategies about managed fund. Out of so many strategies, these particular strategies stuck with me:
- Dollar cost averaging
- Rebalancing
- Not many stock professionals are able to beat the Index fund
In 2008, unfortunately, subprime mortgages exploded and so did stock. Mine too! Along the downhill, I pumped in more cash into managed fund. It was very scary at that time and took a lot of courage to pump in more cash. I also cashed out some of my managed fund position. I cashed out not because I panicked but because I want to create my own portfolio. I would like to cash out all of my non index fund and start my own portfolio due to the following reasons:
- Not many stock professionals are able to beat the Index fund
- Not many funds, after its cost, are able to beat the Index fund
- I love Warren Buffet.
- Dollar cost averaging
- Buy when it is cheap (this is the hardest strategies, what is "cheap"?)
- Take into account taxes and inflation
- Keep on reading and learning
- Think of buying stocks as business that you would like to own
This is just the beginning, whether I will succeed or not, only time can tell. So far, I am not far behind the Index.
I hope my blog can be beneficial to you and myself.
Good luck
Manager
Vocus on ASX
Subscribe to:
Posts (Atom)