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28/09/21
13:52
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Originally posted by Mozzarc:
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Yeah..it's a tough paradox....if in the rare event I have some extra cash I'm torn. I know diversification is prudent...I love the raw stability of good growth stocks THAT ALSO PAY dividends...yummy....Wesfarmers, ASX...Transurban are just a handful...but I compare the lifts I might get with PAR and anything else more of a spec nature at this early stage. I guess this isn't the point, the point is "what if we are wrong' We don't like to think about that side (least I don't)...but we must. Yes its an 'Asymmetric risk and reward thesis" here...and while this should NEVER mean PAR is your ONLY holding, I am not afraid to hold an overweight position...long term...I'm aware of the risks, I know how (not too much will change) my life will change if we don't make it for whatever reason. A lot depends on your own timeframe and your disposition to patience. Can you wait 3 years...can you wait 8 years...would you wait 3 years to get X increase but 8 years to get Y? What is X and Y for you anyway? What are the opportunity costs? To anyone brand new to investing here, take the advice of many smart people on here...spread out your investment dollars but have your favourites too. You know where PAR fits in. Just dont go super crazy. Not advice DYOR is essential, do what's right for YOU and lets you sleep at night. DYOR means what? It doesnt mean relying on a poster or two no matter how enthusiastic they are or how (not) well written their prose is. It means checking out the facts for yourself, verifying it with others, reading some of the research for yourself no matter if it is a tough read...run it by a relie thats maybe more into the science and getting their opinion for instance... testing out the theories, seeing if it fits your nature and your profile, listening to NEGATIVES and understanding WHY others don't like it and their arguments. Ask questions...ask so many questions that none of us have thought of...ask questions to those here that have had iPPS, they are a friendly bunch and I'm sure they will be only too happy to field them. Its an insight chatting to these guys let me tell you. Beats reading a 20 page science report but I admit its good to have both. You know I have researched this one...but I still ask questions and I speak to people that also keep asking questions...there is NO post on here that I don't read...and I don't care if a question gets repeated, it causes me to re-think my stance...my logic, my forecasting and keep a careful eye on what's going on...specially the competition. Im saying all the above with humble respect, there are many that are way smarter than me, its the bringing of all this field of info from many corners that helps you to make an informed decision.
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Diversification is over-rated. Anyone in finance should know of Fama and French and be long around 15+ stocks accordingly. The reality is its too many for retail investors to stay on top of in terms of news. The model, as much of finance modelling based on volatility as a risk - diversifying minimizing volatility risk to a portfolio. Personally I see volaility as an opportunity, loading up on more yesterday at $1.95 for example. I am poorly diviersified across sectors however, with too many great bio-tech prospects in Australia right now to resist at great valuations, including PAR of course. Its probably been a very hard year for you Mozzarc, preaching the merit of the stock whilst watching it go backwards. The science has not changed. The regulatory progression has gone forward. The market is what it is alas. This company remains a great prospect and better value than ever.
Last edited by
bedger :
28/09/21