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25/10/17
18:33
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Originally posted by Aussiekev
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With the amount of uncertainty that seems to be thrown around at the moment (whether deserved or undeserved only time will tell) I think its been interesting to see the huge dichotomy in sentiments.
Me personally I was a late adopter to MUS and have topped up smallish parcels a couple of times in the last couple of weeks to the point where overall I am now down on paper. But after doing my own analysis based on information freely available regarding costs, gross profit splits etc and then making what I call a reasonable sportsmans guess at the unknown variables (average sell price and Clearance rate) I am firm on my idea to be in for a penny in for a pound.
This is based on 3 things
1) If it goes completely wrong can I afford to lose it - Yes
2) What chance do I give it to be a success and to what extent - 85% chance and very succesful
3) Taking into account risk vs reward is there better value out there that I know of - No
And that is my underlying reason on why I am staying the course.
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Number 1 is critical and then all the rest is the potential return greater than the risk. You don't have to win every bet, just have an edge and don't bet too much at once.