@wafflehead - what a story - amazing!!! and you must have a good...

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Taurisk

17,990 Posts.

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18/01/24

11:03

Post #: 71939484
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Originally posted by wafflehead: ↑

Yes, life does not run via a script. We must deal with change and sorrow all our lives with whatever grace we can muster.

If you are a serious punter, and stocks are a pure gambol, no less that horse racing, you have to be very, very patient. Keep your powder dry. You can fiddle about with a spread portfolio which just means your losses even out a bit with your gains, or you can back yourself on a couple of big punts when you think the stars have aligned. There might be only a few slam-dunks in a year and even then you can get burnt.

I fiddled about with stocks for a while, lost a bit, made a bit, then came to the conclusion that this type of investing didn't work. I then hit 4 stocks in one year that were oversold, one battling a union, one an explosives company on the brink of a massive re-rate, one about to greatly benefit from the NBN. There was a medium sided oil company in PNG I bought a good number of for 75c a share that turned out to be the best of all. I put all my super and most of my personal money and borrowed money on the punt and retired 6 months later. My dear wife girded her loins for the bare-knuckle ride and it was all a bit like a dream.

That's life indeed, nobody gets out alive and numbers don't lie. I hoping for another 15 years, but I'll accept whatever I get. 15 years is 180 months and look how those months fly by.

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@wafflehead - what a story - amazing!!! and you must have a good lady to have gone along with your plan!
Congratulations on your success!!
and
Thanks for the advice, I am dealing in much smaller volumes now, am happy to get some extra year by year, which is what has been happening,
The world situation isn't good now, it affects the markets too. Made up my mind, I won't be sitting through having it all whittled away.
Last year I took a punt, 'borrowed' money off my visa card (expensive) but the gamble came off - and it was a big thrill as well as gain, despite the outrageous charges, similar thing happened once during my 2006-2008 years - I made $15000 that time, literally overnight, all based on a rumour which eventually came to nothing, but not before the share soared (and I sold).
Keep on keeping 'cool' (not easy right now in Western Australia~!)
Taurisk
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