It's only a profit when you actually cash it in nippy and...

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Bunn-Wackett

24,871 Posts.

1421

03/07/24

10:26

Post #: 74582805
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Originally posted by nippy: ↑

I agree that the job becomes finding the few. It can be done. I have shown that.

Of course, you are right that one still needs to monitor things and sell at the appropriate time. I sold CER on a 100x return for example and holidayed for a number of years on the proceeds which also reduced the tax payable on the gains a great deal.

The downside example.

I currently have some AW1O options paid under a cent for them and they have been to 20c or so and back to the 2c area right now and expire in September. I really could lose 100% here but still hold and still hold as a profit for the time being if sold. Lots of news between now and the September expiry could see huge gains or see me lose 100% or 1x. The upside like last year is more than 20x potentially. @1ronnie the shares you posted above are showing changes of only 10-30% in the main. Those figures are totally dwarfed by my figures in percentage terms due to the ratios.

ie 10-30% versus

lose 100% or gain 2000%

One can lose many times and still be well ahead overall due to the ratios - they really make a difference.

I don't expect to lose on AW1O but could in say a general market crash. If that happens, I will have lots of stocks to pick from that have fallen huge percentages including AW1. Crashes are scary but in the long run they enable buying at very low prices. A good thing for long term holds.

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It's only a profit when you actually cash it in nippy and currently there's no market for AW1O... As for your CER, well it's strange that you NEVER, EVER posted on the CER thread and this fairytale was picked up by Barry2007 on the property thread.

You're a case that the late Charlie Munger would have a bit to say about.
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