Arborbridge wrote:Dod101 wrote:You should have paid attention Arb. Long ago I said that the supermarkets were a pretty hopeless investment! It is though quite remarkable that even at the new offer price your wife is still under water.
Just done my valuation for this week across my portfolio and it is comfortably at its highest ever valuation., Most should be in the same position I should imagine because there has been a very wide uplift in prices in these last few weeks.
Dod
<leg-pull mode>
But you said CSN was a pretty good investment.... and I'm 25% down on that And you said HSBC was too, and SSE - so good you sold it at one point. <end of>
Don't worry, I've been in the game since 1986 -I'm used to taking the rough with the smooth.
When HYPing came along, I quite naturally followed the usual guidelines, which includes diversity. The whole reason for that is based on the principle that it is imposssible to say which company or sector will do particularly well or badly - and naturally, I stuck to that.
Tesco was bought at a time when almost everyone on TMF agreed that it was a company which was pretty much a given for an investor and it later even had the backing of Warren Buffett. The same could be said for Sainsburys which I bought at an early stage. At that stage I doubt anyone would have said it was foolish to include them, any more than it would have looked foolish to include Lloyds.
Actually, I still own both companies and have no plans to sell. They haven't proved a great investment for the first ten years, but I can't predict the next ten years, and neither has yet triggered a valid reason for selling within the HYP framework.
HYP portfolios are designed to take the ups and downs and produce a moderately acceptable result: that's what it is doing. Trying to second guess what may happen isn't usually part of it.
PS my own HYP sold out of MRW a while back as it was over-exposed to retail. MrsArb's portfolio didn't simply because it was the only supermarket in the portfolio. It turns out, she has probably done better holding on and not selling compared with my main HYP.
Arb.
Thanks. Better not pick up on the others you mention here, but they are all worth some discussion on another thread.
Dod