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Linuxluver

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  #2409559 29-Jan-2020 10:58
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BlinkyBill:

Linuxluver:

I've cashed out of shares for now other than my Kiwisaver. I may switch that to bonds only very soon.

The bubble blowing by central banks may not end at all. But it won't be pretty if it does.


According to Warren Buffett it is demonstrable that trying to predict Stockmarket corrections is an exercise in losing money. Even if the share market corrected by 30%, over the longish term you’ll get a better return than Bonds (not a scientific calculation, simply an illustrative one). Don’t take investment advice from me, but that strategy seems overly conservative, unless you are 70 years old+.



I'm 61. One of my pension funds was set back for a decade after 2008. I'll be calling that one in totally in the next 2-3 weeks.




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geoffwnz
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  #2409560 29-Jan-2020 10:59
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networkn:

 

Only invest in stocks, what you can afford to lose.

 

 

Wouldn't that really apply to any and all investments?
Even banks can fail.

 

The key seems to be diversity.  Multiple baskets for those nest eggs.  Even within the sharemarket itself, funds vs companies and then across different sectors, for example, manufacturing, energy, retail etc.  So while one company or sector might drop, aside from a total stock market crash, other companies will continue on their varying paths.

 

That's just my very simplified view of it anyway.

 

Everyone has their own preferences etc, and if in doubt, seek financial/investment advice from a qualified financial advisor.

 

 





 
 
 
 


Fred99
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  #2409561 29-Jan-2020 11:01
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BlinkyBill:

 

He did it by investing in ‘value’ companies, and not by predicting the market.

 

 

I'd argue that predicting future returns from perceived "value company" stocks is very much harder than predicting the market.  So I'd still get back to belief that he's either genius, lucky - or a bit of both.


BlinkyBill
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  #2409577 29-Jan-2020 11:11
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Fred99:

 

BlinkyBill:

 

He did it by investing in ‘value’ companies, and not by predicting the market.

 

 

I'd argue that predicting future returns from perceived "value company" stocks is very much harder than predicting the market.  So I'd still get back to belief that he's either genius, lucky - or a bit of both.

 

 

it’s interesting to watch some documentaries or read some articles about Buffet. For example, he reads 5-6 hours a day, on topic. He’s made big mistakes and learned from them. He operates strictly to rules of thumb that have been proven over decades. He has an equally strong partner who holds him to account (perhaps not so much these days - Charlie Munger is 96 after all).

 

possibly that’s genius, but bugger-all to luck. 

 

and when I say ‘value companies’ I don’t mean their stock price - I mean the ability of that company to deliver returns over the long term. He really looks into the basis of the company for trading, before investment. The opposite of asset stripping.





BlinkyBill


concordnz
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  #2409589 29-Jan-2020 11:26
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If you read up on his 'history'
What he actually made his fortune on, is Insurance (re-insurance, to be precise)

He simply invested the pre-paid premiums in 'value' or under valued stable companies.

Most people totally miss the key think he used to get started (prepaid insurance premiums)

This is coming from someone who did extensive research into WB & Birkshire Hathaway, before buying shares in his company.

BlinkyBill
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  #2409590 29-Jan-2020 11:29
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concordnz: If you read up on his 'history'
What he actually made his fortune on, is Insurance (re-insurance, to be precise)

He simply invested the pre-paid premiums in 'value' or under valued stable companies.

Most people totally miss the key think he used to get started (prepaid insurance premiums)

This is coming from someone who did extensive research into WB & Birkshire Hathaway, before buying shares in his company.

 

Yeeeeees .... and?





BlinkyBill


Fred99
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  #2409591 29-Jan-2020 11:39
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concordnz: 
This is coming from someone who did extensive research into WB & Birkshire Hathaway, before buying shares in his company.

 

Seeing as that comes across as the "someone" being you, and you've used "shares" (plural), and they're trading at US$336,000 each, I hereby volunteer you to shout the first round at the next GZ get together.  I'll put in my order now - a double shot of The Macallan Fine and Rare 60-Year-Old 1926.


 
 
 
 


BlinkyBill
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  #2409595 29-Jan-2020 11:57
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Berkshire B-class stock is somewhat cheaper, only about $200 per share. But I don’t see the point of the post.





BlinkyBill


Aaroona
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  #2410343 30-Jan-2020 18:33
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In what is yet another reason I'm leaving harmoney as soon as I can. Their interface.

 

Its almost as if they are arbitrarily holding cash that should be available to me. As an example, over the past few days, (and previously), I've made some withdrawals.

 

I withdraw the entire available balance under one transaction. I submit it, then it comes back and says I have yet another 27 or more dollars waiting to be withdrawn, so I have to make a second transaction to claim that too. 

 

This isn't the first time it's happened either. Their loan reporting is also a bit out of whack. I have closed-off loans still reporting as having outstanding principal (which they don't)- I clarified that with them last time it occurred and they said it was a bug. Clearly not fixed.

 

 

 

I hate to sound like I'm just complaining - I do really like the idea of Harmoney, but there are some changes I really think that platform is due for before I'd consider reinvesting any further money with them.






Detruire
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  #2410509 31-Jan-2020 08:28
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Aaroona:I withdraw the entire available balance under one transaction. I submit it, then it comes back and says I have yet another 27 or more dollars waiting to be withdrawn, so I have to make a second transaction to claim that too.

 

That's happened to me too, numerous times.





rm *


geoffwnz
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  #2410561 31-Jan-2020 10:27
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Detruire:

 

Aaroona:I withdraw the entire available balance under one transaction. I submit it, then it comes back and says I have yet another 27 or more dollars waiting to be withdrawn, so I have to make a second transaction to claim that too.

 

That's happened to me too, numerous times.

 

 

And me.  Also noted similar when still investing.  Seems like any transaction that adjusts the balance available triggers a funds update.  But refreshing the page does not.





MichaelNZ
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  #2417157 13-Feb-2020 09:55
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"After careful analysis of Harmoney's business model and the company's strategic direction we have made the decision to no longer offer new loans for investment by retail lenders from 1 April 2020.

 

[...]

 

This is not a decision we have taken lightly but we believe it is the right move to enable Harmoney to continue to lead the way in creating better personal loan products in a highly competitive market."

 

LOL - It's been obvious for a long time they were going to do this.





Integrity Tech Solutions @ Norsewood, New Zealand


networkn
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  #2417163 13-Feb-2020 10:00
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One wonders if this was the plan all along.

 

 


geoffwnz
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  #2417165 13-Feb-2020 10:02
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MichaelNZ:

 

"After careful analysis of Harmoney's business model and the company's strategic direction we have made the decision to no longer offer new loans for investment by retail lenders from 1 April 2020.

 

[...]

 

This is not a decision we have taken lightly but we believe it is the right move to enable Harmoney to continue to lead the way in creating better personal loan products in a highly competitive market."

 

LOL - It's been obvious for a long time they were going to do this.

 

 

The reduction in available lending caused me to decide to start pulling funds out a few months back, so, yeah, not really surprised either.





CrashAndBurn
474 posts

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  #2417168 13-Feb-2020 10:07
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networkn:

 

One wonders if this was the plan all along.

 

 

I had the same feeling e.g. use others peoples money then once established kick them out :p


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