Blog

On Advertising

I was thinking about advertising today. As a rule I don’t like it – tv ads are avoidable but Youtube ones send me batty, and I think Google ones (the Adsense ones that appear in websites) look trashy and cheap. However, I have been scouring finance blogs over the past few weeks just to get a …

Copying other people’s research

I wrote in the The Rules that I wouldn’t copy other people’s research (and I won’t). I felt that my RNY Property Trust (ASX: RNY) purchase was stretching the boundaries a little, although I did all my own research and was able to convince myself that that research and subsequent buy decision are legitimately my intellectual property. Today another …

Swinging for the fences

I was thinking about the portfolio today. I wrote after my Thorn Group Ltd (ASX: TGA) and RNY Property Trust (ASX: RNY) purchases that they were ‘singles’ or perhaps a ‘double’ for RNY in cricket terms – one run, or two runs. You can do well with singles in the stock market. 5% share price growth per …

Purchase #2: RNY Property Trust

Note: The original version of this post contained some serious calculation errors and the post has been substantially edited since then. First, thanks to reader Daniel for pointing out that my calculations were inaccurate. Due to sloppy spreadsheeting on my part, I was basing my worst/best case calculations on the expected equity to be received, not on the property …

On Auditing

I am passingly familiar with an investor and online presence who is a regular poster on some forums and social media websites that I use. She/he/it uses a nom de plume, never has anything constructive to say, and the things that she/he/it does say are usually designed to reinforce his/her/its (i suspect manufactured) persona as …

Purchase #1: Thorn Group Ltd (ASX:TGA)

My first purchase for the portfolio was Thorn Group Ltd (ASX:TGA), a financial company that primarily provides leases to retail and some business customers. It is an ugly company, with an unspecified regulatory penalty from ASIC hanging over its head (although they have set aside $4 million in provisions for this), recent regulation which capped the …

Disclosure

I’ve made the first purchase for my portfolio! It happened much sooner than I expected, as I have been thinking that there are relatively few opportunities out there. However, things change, I made a snap purchase (I have been watching the company for a while), and this unfortunately brings me to another dilemma that I had …

How product disclaimers get so big

I’ve just been updating ‘The Rules’ page for my portfolio experiment. Every time I think about it I find myself adding another paragraph about something that needs to be clarified- and this is a pretty straightforward experiment. I’m starting to understand how disclaimers and PDS documents get so big, with all the things they must explain …

Setting up a portfolio

To take my investing to the next level, I have decided to build a small portfolio using real money. I will gradually add companies to the portfolio, write theses on them, and track their performance and the performance of the portfolio over time. I do not have a huge amount of experience with portfolio management, …

First post

After a few tricky moments, I have set up a basic skeleton of my website.  More to come.