tag:blogger.com,1999:blog-32841798.post7221818940269901290..comments2024-03-28T22:45:51.014+00:00Comments on Capitalists@Work: August 2011 Trading Update - gulp...CityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-32841798.post-19175747657760807102011-08-25T12:25:46.803+01:002011-08-25T12:25:46.803+01:00My funds are down ~10% this year and individual st...My funds are down ~10% this year and individual stock picks have lost ~40%, which confirms I'm not a good stock picker!<br /><br />I definitely don't want the Euro to collapse as I don't think it can be done in an orderly way and will cause mayhem. Another global recession would be an almost certainty.Richard Elliothttps://www.blogger.com/profile/00565380446421416586noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-79322265787247331482011-08-24T23:37:33.941+01:002011-08-24T23:37:33.941+01:00Sorry, I've said this before, but I really wan...Sorry, I've said this before, but I really want the euro to collapse (in an orderly fashion of course), but I do not think it will do so just yet. The situation is not extreme enough, the EU politicians are still totally wedded to it, and there are still tricks for them to play.<br /><br />So I would not worry about a euro collapse in the next year or so, CU. I do think that Sarkozy/Merkel will make the UK pay, and Cameron will be out manoeuvred.<br /><br />As you say these shares are event driven, though the general sentiment will depress the payoff. However, even my "non-risky" share have gone down. Yet I have been a fund and share buyer in the last month or so.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-90320163024113256492011-08-24T18:41:09.921+01:002011-08-24T18:41:09.921+01:00Sounds like you need a bailout:0)
It seems like y...Sounds like you need a bailout:0)<br /><br />It seems like you are in MadGafs position of having money in Unicredit and Eni, one is going to fail.<br /><br />Zirconium should insure yourself against the wretched Euro implosion whenever that is. I have guarded yard full of old copper boilers I want to get rid off if you have space?Seanhttps://www.blogger.com/profile/04362169593902131947noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-71020932673763721852011-08-24T17:16:12.775+01:002011-08-24T17:16:12.775+01:00Anon - many thanks, I don't do unrisky, I only...Anon - many thanks, I don't do unrisky, I only do over the edge crazy risk. Unrisky with inflation at 5% probably means you lose money slowy. Much as I am depressed at losing 100% of last years gains, am stil up nearly 1000% over 5 years.<br />Can't defend my choices or selection this year - its terrible...but I figure if you have the odd 40% down year amongst the 80%+ years then on balance this will be OK.<br />Thus in many ways my individual stock positions are the same, I know of all the above one or two will blow up - but that is OK as I only need one or two to go stratospheric and the losses become irrelevant.<br /><br />Having said all that, I am really nervous about Sept/Oct as if the Euro collapses et al then I am looking at another 30% off from here which will be painful - two whoel years profits gone!CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-53364244216895538682011-08-24T15:57:21.816+01:002011-08-24T15:57:21.816+01:00Is this your risky portfolio, or your total portfo...Is this your risky portfolio, or your total portfolio? If it's the latter, then I think you need a few less risky ones in their.<br />I can suggest V.RIO, which is the one I bought last year, first production numbers from the new mine are out in a few weeks, it should go up 80% or so by October.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-45715946513005517942011-08-24T15:22:54.790+01:002011-08-24T15:22:54.790+01:00The Bank of America situation is increasingly inte...The Bank of America situation is increasingly interesting. Watch this space, but don't buy the stock.Demetriushttps://www.blogger.com/profile/17198549581667363991noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-31927639643772295862011-08-24T14:37:55.801+01:002011-08-24T14:37:55.801+01:00What's the old saw - "sell in May & g...What's the old saw - "sell in May & go away". Every year I forget to do this & nearly every year I re-learn it is true.<br /><br />My portfolio is so f***ed I am not even going to look at it until mid-September . All my share purchases must now be considered "strategic" (like any bad management decision that loses money).Sebastian Weetabixnoreply@blogger.com