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Discussion in 'Investor Resources & Tools' started by Luke83, 28th Apr, 2018.

  1. Luke83

    Luke83 Member

    Joined:
    25th Apr, 2018
    Posts:
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    Location:
    Hunter Valley NSW
    Wondering what books people have been using to educate themselves with? I recently joined audible and have been getting a finance book each month to listen too, wondering if anyone else has some favourites to recommend?

    Books I have enjoyed and that have been shaping my views are:
    Rich Dad Poor Dad
    The Richest Man In Babylon
    The Barefoot Investor
    The millionaire next door
    Reno Kings
    And I have just started The Warren Buffet Way.

    Anyone else have any suggestions for my future reading?
     
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  2. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
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    Location:
    QLD
    actual books ( on investing ) ... no

    interviews , articles , websites

    Cuffelinks - Connecting Investors with Ideas

    is a favourite of mine

    share-holder reports from LICs ( not just the ones i hold but the several on my watch-list as well )

    but my plan and time-frames differ markedly from yours i had to RUSH but be careful at the same time .

    i agree with Warren Buffet in some places and differ in others .

    i am NOT saying don't read , but i am suggesting about thinking about what you have absorbed and see if you can tweak it to suit yourself better .

    and don't be afraid to break out the pocket calculator to double-check statistics and estimates ( don't instantly trust expert analysis , )

    and ..and one strategy doesn't fit every share ( don't be afraid to be selectively flexible )

    cheers !!
     
  3. twisted strategies

    twisted strategies Well-Known Member

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    https://gallery.mailchimp.com/34a7c...ks_Newsletter_Edition_250_Special_270418a.pdf

    Anton Tagliaferro, Investors Mutual As a young man in the 1980’s, I was drawn to the stock market as it was always in the news. The Australian dollar had just been floated, the stock market was booming, and people like Alan Bond, Christopher Skase and Larry Adler were being idolised in the media as financial wizards. I became caught up in the hype of these ‘hot’ entrepreneurial stocks and believed that the stock market was an exciting and easy place to make money. Everything changed in October 1987, when the market crashed by over 25% in one day. The lesson I learnt during this harsh introduction was to always buy good quality stocks that I understand. This lesson spawned the mantra that I have used throughout my investing career to always seek and buy companies with a competitive advantage, recurring earnings, run by capable management that can grow, at a reasonable price. This is my definition of quality and has served as the IML investment philosophy since 1998. Buying and holding good quality companies that you understand means that in a stock market downturn you are less likely to panic and sell than those who hold poor quality, speculative stocks, or stocks they simply do not understand. While almost every stock declines in a downturn, good quality companies will recover to fight another day, while speculative companies almost never recover and many end up trading at fractions of their boom prices. As I have learnt and continue to preach: the stock market is an excellent place for the patient to make money slowly, or an even better place for the reckless to lose money quickly. There is no recipe for success in the stock market but holding a portfolio of quality stocks removes many of the unwanted surprises that are part of investing in the stock market.

    now Anton touches on an old classic ' 'quality stocks ' now in 2011 in inherited a portfolio of shares ( survivors of the GFC from a much wider portfolio )

    those shares were WOW , ( the largest holding still in my portfolio ) QAN since sold off and switched to AIZ , CSR and APE

    which do your think was the stellar performer of the 4 ?

    the winner is APE up over 400% ( and divs every six months while i have held personally )
    but worthy of special mention is CSR up 350% ( and regular divs as well )


    APE A.P. EAGERS LIMITED ORDINARY


    Balance Date Dividend Type Cents per share Ccy Franked % Ex-Dividend Date Books Close Date Pay Date
    31/12/2017 Final 22.500 AUD 100.00 28/03/2018 29/03/2018 18/04/2018
    30/06/2017 Interim 13.500 AUD 100.00 14/09/2017 15/09/2017 06/10/2017
    31/12/2016 Final 22.000 AUD 100.00 29/03/2017 30/03/2017 18/04/2017
    30/06/2016 Interim 13.000 AUD 100.00 15/09/2016 16/09/2016 07/10/2016
    31/12/2015 Final 20.000 AUD 100.00 24/03/2016 29/03/2016 15/04/2016
    30/06/2015 Interim 12.000 AUD 100.00 14/09/2015 16/09/2015 07/10/2015
    31/12/2014 Final 18.000 AUD 100.00 31/03/2015 02/04/2015 17/04/2015
    30/06/2014 Interim 9.000 AUD 100.00 15/09/2014 17/09/2014 03/10/2014
    31/12/2013 Final 15.000 AUD 100.00 27/03/2014 02/04/2014 16/04/2014
    30/06/2013 Interim 8.000 AUD 100.00 11/09/2013 17/09/2013 04/10/2013

    CSR CSR LIMITED ORDINARY

    Balance Date Dividend Type Cents per share Ccy Franked % Ex-Dividend Date Books Close Date Pay Date
    30/09/2017 Interim 13.500 AUD 50.00 10/11/2017 13/11/2017 12/12/2017
    31/03/2017 Final 13.000 AUD 50.00 01/06/2017 02/06/2017 04/07/2017
    30/09/2016 Interim 13.000 AUD 0.00 11/11/2016 14/11/2016 13/12/2016
    31/03/2016 Final 12.000 AUD 0.00 01/06/2016 02/06/2016 05/07/2016
    30/09/2015 Interim 11.500 AUD 0.00 12/11/2015 16/11/2015 15/12/2015
    31/03/2015 Final 11.500 AUD 0.00 02/06/2015 04/06/2015 07/07/2015
    30/09/2014 Interim 8.500 AUD 0.00 13/11/2014 17/11/2014 16/12/2014
    31/03/2014 Final 5.000 AUD 0.00 03/06/2014 05/06/2014 08/07/2014
    30/09/2013 Interim 5.000 AUD 0.00 19/11/2013 25/11/2013 17/12/2013
    31/03/2013 Final 2.100 AUD 0.00 06/06/2013 13/06/2013 09/07/2013


    sorry the current platform only lists back to 2013

    QAN QANTAS AIRWAYS ORDINARY


    Balance Date Dividend Type Cents per share Ccy Franked % Ex-Dividend Date Books Close Date Pay Date
    31/12/2017 Interim 7.000 AUD 0.00 07/03/2018 08/03/2018 12/04/2018
    30/06/2017 Final 7.000 AUD 0.00 08/09/2017 11/09/2017 13/10/2017
    31/12/2016 Interim 7.000 AUD 50.00 07/03/2017 08/03/2017 10/04/2017
    30/06/2016 Final 7.000 AUD 100.00 07/09/2016 08/09/2016 12/10/2016
    30/12/2015 Capital Return 23.000 AUD 0.00 - 29/10/2015 06/11/2015

    WOW WOOLWORTHS GROUP LTD ORDINARY


    Balance Date Dividend Type Cents per share Ccy Franked % Ex-Dividend Date Books Close Date Pay Date
    31/12/2017 Interim 43.000 AUD 100.00 01/03/2018 02/03/2018 06/04/2018
    25/06/2017 Final 50.000 AUD 100.00 07/09/2017 08/09/2017 06/10/2017
    01/01/2017 Interim 34.000 AUD 100.00 02/03/2017 03/03/2017 07/04/2017
    26/06/2016 Final 33.000 AUD 100.00 08/09/2016 09/09/2016 07/10/2016
    03/01/2016 Interim 44.000 AUD 100.00 02/03/2016 04/03/2016 08/04/2016
    28/06/2015 Final 72.000 AUD 100.00 09/09/2015 11/09/2015 09/10/2015
    04/01/2015 Interim 67.000 AUD 100.00 18/03/2015 20/03/2015 24/04/2015
    29/06/2014 Final 72.000 AUD 100.00 10/09/2014 12/09/2014 10/10/2014
    05/01/2014 Interim 65.000 AUD 100.00 17/03/2014 21/03/2014 24/04/2014
    30/06/2013 Final 71.000 AUD 100.00 09/09/2013 13/09/2013 11/10/2013

    ( hint decide what is 'quality ' for yourself )
     
  4. Hodor

    Hodor Well-Known Member

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    A Random Walk Down Wall Street by Malkiel - Won't be to everyone's taste, gives you evidence based views to understand what you are up against.

    I posted a link the a video on youtube "The losers game" that is a great place to start as well.
     
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  5. Luke83

    Luke83 Member

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    Location:
    Hunter Valley NSW
    This just showed up in my Facebook feed, I know they are going to try to sell us all his books and Services but its free so I will go along anyway just because it his was the first finance book I ever read.

    Rich Dad Education FREE Workshop
     
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  6. twisted strategies

    twisted strategies Well-Known Member

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    Posts:
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    Location:
    QLD
    take your copy and ask him to sign it .

    keep your guard up and good luck
     
  7. Peter Felice

    Peter Felice New Member

    Joined:
    2nd Apr, 2017
    Posts:
    3
    Location:
    Sydney
    The Motley Fool Podcasts
     
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