Tuesday, July 1, 2008

I'm Buying: Redux

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well Warren Buffett


Well, I have had my eyes on Hallenstein Glasson [HLG.NZ] for some time and today it came down far enough for me to buy a very small holding of 1000 for NZ$2.53 per share. This is a new addition to my portfolio.

I also added another 1500 Postie Plus Group [PPG.NZ] at .44c per share, considering it a good punt since Jan Cameron revealed a 15.10% stake last week.

I am enjoying the sale that the NZX is having at the moment and will probably add more of what I already have if stocks get cheaper.

I have no desire to add any new companies to the Share Investor Portfolio and simply do not have the capacity in regard to time available for additional research or understanding of different sectors of the economy.

The Share Investor Portfolio now contains:

Auckland Airport
ASB Preference "B" Shares
Briscoe
Fisher & Paykel Healthcare
Fletcher Building
Freightways
Goodman Fielder
Hallenstein Glasson
Kiwi Income Property
Mainfreight
Michael Hill International
Postie Plus
Pumpkin Patch Ltd
Ryman Healthcare
Sky City Entertainment
Steel and Tube
The Warehouse


Related Share Investor Reading

I'm Buying
Drinking and Trading

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c Share Investor 2008