Forum Archive Index - September 1999

["Brien C" <bc@wave.co.nz>]

That sounds like good advice to me Brent.  What I get trapped with is
'greed'.  Only having so much money to go round I have a tendency to take a
punt on the more risky stocks but often with greater returns.  This year has
been good to me with a 47%ROI but I am mindful of the fact that it could end
at any time.

Brien


-----Original Message-----
From: owner-sharechat@sharechat.co.nz
[mailto:owner-sharechat@sharechat.co.nz]On Behalf Of Brent Wheeler
Sent: Thursday, 23 September 1999 06:42
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] shared confusion


One way around the problem Kevin refers to (too many stocks but some might
be good punts) is the (former) Magellan Fund (Fidelity) Peter Lynch's
strategy of running a "nursery" of potentially interesting stocks in small
tranches but separated from your main trading portfolio.  The nursery keeps
you watching in a tangible sense since you have an exposure and if the time
comes you are better informed than coming to a new stock cold.  At the same
time you need not tangle up potential with your more committed investments.

Worth a thought?

Brent

Dr Brent Wheeler
Director
Brent Wheeler & Co. Limited
AUCKLAND


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