The MGC I was referring to was the 2.00+ MGC that then went to 1.40 post trading halt earlier last year. Ouch. That hurt. I don't think we were conversing much back then, but I can't remember that far back. I am pretty sure I have told you about all my recent trades, including mgc. It still owes me money, but I have clawed some back over the last 6 months. Don't have any currently.
There is a pump and dump everyday.... Not always easy to find them early, not that I am looking. Seen GPP lately. Still like their fertiliser stuff and I reckon that could do big things; their lithium stuff is just "me too" in my opinion. Yea marijuana seems to be the new lithium, though I actually think lithium will hang around.
A second portfolio? Nah, like I said it's boring and small ..... 7k TLS atm. I already have been including its trades in our discussions, though not much happens in there. It's mainly for blue chip like stocks. Looking for a bank next, but TLS needs to get to around 5.00 first. I am very conservative because I am not interested in getting a margin call. The aim for this one is around 10% pa return on my capital after interest with no or very little work. To achieve that I need about 8% return on the total amount, which TLS can certainly deliver. It looks like the plan is almost paying off. I will let you know. If it works I will crank it up and try to repeat. I mean think about it, say you had $500k. You borrow $1 mill @6%. You then buy 300k TLS shares at 5.00 each. Yearly dividends is 133k, you pay 60k interest and have 73k left. That's 14.6% pa return on your 500k for bugger all work and no stress because the LVR is so low. Anyway, that is the theory. Obviously a few big assumptions in there, but that is what I am thinking about atm. It's a work in progress.
