by The Investor on July 3, 2009
The dream of a growth investor is to discover a Microsoft or a Coke in the early years. One or two such investments can make your fortune.
Exactly how to do this is the $6 million question!
In the blue corner, we have the efficient market experts who say it’s a doomed mission, and that you’re better off putting money into an index tracking fund than trying to find a needle in a needle factory.
In the red corner, we have share gurus like Peter Lynch, Jim Slater and Philip Fisher, who all beat the market through growth investing and outlined their ideas on growth investing in various books.
[click to continue…]
Monevator is about making and investing money. If you're new, you might check out my best posts. Please do consider subscribing for free.
by The Investor on July 2, 2009
Important: What follows is not a recommendation to buy or sell Lloyds. I’m just a private investor, storing and sharing notes. Read my disclaimer. And remember that investing is best done via index tracking funds, not stock picks.
I have done a bad thing. Maybe. I bought Lloyds Group shares at 72p. Yes, greed has finally overtaken fear in my pondering of the banking shares. I can’t help thinking that this may be a once in a lifetime opportunity to buy a giant of tomorrow on the cheap today.
And so on Wednesday I placed about 2% of my portfolio in Lloyds.
I’ve owned the shares previously, and got out before they plunged 90% in merging with HBOS as I’ve written about before.
Why have I bought them again?
[click to continue…]
Another crummy guaranteed equity bond from NS&I
June 30, 2009The 18th Issue GEB from NS&I offers limited returns for the risks of seeing no gains. I wouldn’t go near it.