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The folly of stock picking

Discussion in 'Shares' started by JIT, 23rd Jan, 2008.

  1. JIT

    JIT Well-Known Member

    Joined:
    2nd Dec, 2006
    Posts:
    240
    Location:
    Melbourne
    Andrew A (futures trader) on Somersoft summed it up well recently in the above quote.

    Stop kidding yourselves Invested stock (/active manged fund/LMI) pickers :rolleyes:.

    Take a good hard look at what you're doing and how you're doing it...

    And then join me over here :D:

    http://www.invested.com.au/91/
     
  2. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    I agree with everything he said :)

    I still hold actively managed funds though, if I had my time again I wouldn't have bought them. But what's done is done. I haven't decided to sell them yet because I'm still a couple of years away from using my managed funds to pay off my PPOR. Paying some CGT now and some in a couple of years is too inefficient, I'd rather wait until I need to.
     
  3. samaka

    samaka Well-Known Member

    Joined:
    30th Sep, 2007
    Posts:
    308
    Location:
    Sydney
    Yeah I've got the majority of my money in active funds - I got suckered into chasing alpha. I'm a changed man now though... everything future will be passive/index based.

    Guess you could say I'm building a core/satellite portfolio in reverse.
     
  4. coopranos

    coopranos Well-Known Member

    Joined:
    11th Oct, 2006
    Posts:
    498
    Location:
    Perth
    JIT
    Care to share the composition of your own portfolio?
    Not numbers but % perhaps?