What do you want from a forum?, page-8

Mighty, I look forward to reading your comments and so do many others, it's pretty obvious by the amount of "likes" that appear next to your name. I think that if we were having a debate on why we should buy SGH we'd have you perhaps leading one team for the affirmative and perhaps Grant leading another team on why not to buy at the moment and that's great. It provides a balance of information for everyone and as you say the individual makes a decision to buy or not to buy. No-one forces anyone else to buy it's just a discussion forum and I love it. The discussions on SGH always provide plenty of information, laughs and entertainment for us all. There are always going to be "snipers" out there that snipe for their own entertainment. I think some people on this site are super anxious about SGH because perhaps they've over extended themselves financially. Those people need to look at the downside as well as the upside especially if they are just trading hoping for a short term bounce. Long term I'm like you and see plenty of upside potential and I also acknowledge the downside risks as well-that's investing. My advice to those that may have bitten off more than they can chew is to re-balance your risk profile so you can sleep comfortably at night and not be concerned about short term fluctuations, it ain't worth the stress or losing your partner over a punt in the market. My other bit of advice is if you are mortgaging your house for share purchases is to get it right in the first place and set it up tax effectively. I just set up a split loan mortgage with a personal offset account and and an investment side as well. On Friday I disposed of most of my shares in other companies after the new loan was settled and I will never again purchase shares out of my personal finances because it doesn't make sense! So I got a mortgage broker in and he managed to get almost 1.5% interest knocked off my mortgage rate down to 4.18% and could have got it down further if I'd agreed to move to another lender. The investment side of my split loan is interest only which also makes better sense so effectively now I'm negatively gearing my SGH share holding if it's dividend yield is below the floating interest rates, but I have no intention to pay off the principal because it doesn't make sense! I'm probably not telling Mighty and others things they don't already know, I am hyper aware that there are much more sophisticated investors on this site than me which is great for my ongoing learning so thanks guys. It's not always about buying shares it's perhaps for others how they are financing their purchases that is potentially putting them under the financial pump. It's not what you do it's how you do it. I'm now not concerned whether I hold SGH for 5 weeks or 5 years now. As Mighty has suggested you hold when it makes sense to you as an individual and should it overshoot the mark to $12 then perhaps it's time to get out.....unless you think it will likely get to $24 two years later based on forecast earnings.....look at BKL and what that did in 1 year.....I like SGH's P/E and forecast P/E over the next 2 years and if they hit the mark earnings will pull the share price right up. And in 2 years time it will be exceptionally interesting to see what the next 2 years earnings forecasts will be.....This is my opinion only and how I am now operating my finances, so if others are not happy out there with how things are going for them then don't blame others for your own mistakes. If there is a lesson to be learnt then cop it on the chin, learn from your mistakes so that you can grow and learn as an investor. Investing should compliment your life not destroy it and if it's negatively impacting your life then make the required changes.....end of rant.....