This contributor has a lack of understanding of the English language AND no insite into life.
This contributor probably bought shares in LVT at 40cents, yet cannot understand that the profit is made at the time of purchase.
This is why too many (most) people buy shares instead of sitting back and waiting - with a feeling of satisfaction that they have made money as the share price goes down.... Unless you believe this you will not be able to help yourself - since it can be exciting to buy shares - actually it is.
When you have decided to acquire shares in a company, it is great to watch the share price fall. It means you have just made some money. The more they drop the more you have not just lost (by buying on impulse). There is also another principal that a share can always go lower - this must be kept in mind.
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- ASX - By Stock
- LVT
- Ann: Chairman's Letter to Shareholders
Ann: Chairman's Letter to Shareholders, page-105
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