Dod101 wrote:Pastcaring wrote:I always found it all so easy.No silly names or acronyms,I' ve got no idea what a " Doris " is and no interest at all in finding out.
I buy companies,not something that has to fit into a box with a few silly acronyms printed on it.
People tend to think I have strange ideas,I always thought that paying off a loan of A$6K was far easier than trying to save up A$300K by putting in a little bit every month .
So easy it is surprising that most people do not do it and it is so easy because Pastcaring has taken a high risk route which so far has paid off.
It is now easy for him to extrapolate that into a formula for success for all. I wish him well for the future and just a smidgen of luck. He may need it.
Dod
Do you realise how utterly stupid that is.I wonder why most people didn' t start a company called Wall Mart ,Tesco,Wells Fargo etc etc.
The sheer insanity of the human race,if this company went bust that must prove that all companies are going bust.Everybody else didn't do this that or the other so they must be right .How could the crowd possibly be wrong.
Meanwhile the facts still prove ,they all got it wrong.I expect the next dividend to be paid end of March next year.I will use the one day short strategy and the sky will not fall down.
After say 26 years of increasing dividends they will still cry,the facts are wrong.I am well aware they can go bust.
At present they have not,there is no indication they will go bust,a very well run company.The risk in the future will be exactly the same as the past,there is a chance they can go bust Should they go bust then time will prove that the crowd were right.
Should they not go bust then time will prove that the crowd were wrong.The longer it goes on that they are wrong the more determined they will be to refuse to admit that they are wrong.
After say 26 years they produce 7 figures for me and a six figure annual income.When do you think the crowd will say,I wonder if we all got that wrong.
Shall we do a piss take on an annual basis.I'll report the figures on an annual basis and enjoy the amusement of ,this that or the other company went bust.Everybody else isn' t doing that etc etc
It does not make the slightest bit of difference what this that or the other company did.What this that or the other person said or did.
That company (CBA. ASX) is around one third of my wealth derived from shares,and one third of income derived from shares
How many decades do you think it will be before it dawns on the masses that facts are facts and delusions of reality are delusions of reality.