Share Investor Portfolio: 22 May 2009

The Share Investor Portfolio now contains 17 stocks listed on the NZSX. The bulk of the portfolio started back in 2002 and I have added to the bulk of it by using dividends and some cash.

The Share Investor Portfolio as at 22 May 2009

• Auckland International Airport [AIA] 3000
  
• ASB Capital NO. 2 Ltd [ASBPB] 10000
• Briscoe Group Ltd [BGR] 3000
• Fletcher Building Ltd [FBU] 1114
• Fisher & Paykel Healthcare Corp Ltd [FPH] 5000
• Freightways Ltd [FRE] 8200
• Goodman Fielder Ltd [GFF] 2000
  
• Halleinstein Glasson Ltd [HLG] 1000
• Kiwi Income Property Trust [KIP] 1000
• Mainfreight Ltd [MFT] 3125
• Michael Hill International Ltd [MHI] 3000
• Postie Plus Ltd [PPG] 2535
  
• Pumpkin Patch Ltd [PPL] 5000
• Ryman Healthcare Ltd [RYM] 5000
• Sky City Entertainment [SKC] 35000
• Steel & Tube Holdings Ltd [STU] 400
• The Warehouse Group Ltd [WHS] 8000
  

Related Share Investor Reading: Why did you buy that stock?

Why did you buy that stock? [Fletcher Building Ltd]
Why did you buy that stock? [Freightways Ltd]
Why did you buy that stock? [Kiwi Income Property Trust]
Why did you buy that stock? [Hallenstein Glasson]
Why did you buy that stock? [Briscoe Group]
Why did you buy that stock? [Fisher & Paykel Healthcare]
Why did you buy that stock? [Pumpkin Patch Ltd]
Why did you buy that stock? [Ryman Healthcare]
Why did you buy that stock? [Michael Hill International]
Why did you buy that stock? [Mainfreight Ltd]
Why did you buy that stock? [The Warehouse Group]
Why did you buy that stock? [Goodman Fielder]
Why did you buy that stock? [Auckland Airport]
Why did you buy that stock? [Sky City Entertainment]


Discuss this topic @ Shareinvestor.net.nz

Related Amazon Reading


The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy by Robert G. Hagstrom
Buy new: $13.57 / Used from: $1.57
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c Share Investor 2008,2009

Carol Hirshfeld's naked grab for taxpayer cash!

When Carol Hirshfeld first came on the scene and when I was a much less informed lefty loser I thought she and jug ears John Campbell were the cats pajamas.

Socialism at 7 or otherwise known as Campbell Live is Left biased in the extreme, inaccurate at best and slanderous at times at its worst.

The damage they do to young impressionable minds must be horrendous.

It is no surprise that she will now work for a racist TV station, Maaoori TV, with a socialist agenda that is supported by the long suffering taxpayer.

She maybe cute and on guys list to do but boy that thin veneer hides a tainted way of thinking.

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c Political Animal 2009

Banking Madness!

My adventures with Bryce the Banker have kept myself and many others amused and there is yet another tale to be told about the ASB in Albany and its approach to customers now that the economic wolves are seemingly at their customer's doors.

When I visited Bryce the last time I asked him what the chances of me getting a loan to buy an investment property was.

He kind of laughed nervously and mentioned it was harder now than it was a year or so back but thinking to myself, considering I seemed to be the only middle class Kiwi who didn't buy an investment house during the housing boom, I now thought it was a good time to buy one.

Consider this:

1. Housing is approaching realistic asking prices
2. Your expenses are now likely to be recouped by the rent received
3. Interest rates are lower by at least 2% than during the boom

But then also think about this:

Even though my financial position is now stronger than it was a few years back and the investment case to buy a house for rental purposes is much more attractive, the ASB Bank and probably yours too is unwilling to lend as much money for that purpose.

Interesting that in some cases at the height of the housing boom that banks were lending more than 100% mortgages and throwing money at monkeys while now they will barely consider you even though you now back their deposits and lending through your taxes.

A case for some contrary investment thinking, in other words good sound financial practice, is clearly needed within our banks and the staff that they employ.

Treat each customer and lending case on its own individual financial merits and you will please your good customers and keep your CEO from losing sleep at night.

End of lesson.


Recent Share Investor Reading

• Schroder Investment Management takes big Fisher & Paykel Healthcare stake
• Good Morningstar
• Like a Kid in a Candy Store
• Bruce Sheppard: Explanation Received
• Bruce Sheppard: Please Explain

Discuss this topic at Shareinvestorforum.com




c Share Investor 2009

Even with Lipstick and an agenda a pig is still a pig

Judging by the fuss made by Labour and their mates in the left wing media over the last few weeks in regard to Melissa Lee and Christine Rankin, they haven't learnt a thing from the mud flinging and finger pointing that was done before the November General Election, an election that they lost in a landslide to National.

In Melissa Lee's case they labeled her a racist for telling the truth about crime ridden South Auckland and then Duncan Donut from TV3 tried to pin her with taking taxpayer money to pay for electioneering.

With Christine Rankin they hit her with the "unsuitable" label because she doesn't agree with the PC sisterhood over the way our children are raised.

To the brain dead non-thinking individual these accusations ring true but to those who think these accusations lack even the slightest hint of moral fibre they are at best slanderous and at worst racist themselves.

Why is this being done though?

Well, when you label an individual with a PC lefty moniker you are able to get the PC media on board, then try and bully them into submission.

This has the effect of stifling real debate by using that label and then further allows the media to bully and victimise the labeled.

It is anti democratic and was used by Labour before the 2008 election and is typical left wing nastiness. As in 2008 it will backfire on Labour because Kiwis hate unfairness and this is clearly unfair.

What it allowed Labour to do in the above examples was to first avoid the blame for the crime they fostered in hell holes like South Auckland over the last 9 years and for their similarly poor record over child beatings and death and the failure of the United Future sop, the Families Commission to do anything about it, proving that Rankin's appointment was appropriate.

Subterfuge like this is used to avoid responsibility for the Left's part in the very same problems they are pointing the finger of blame at people like Melissa and Christine.

It is morally wrong and it is used to hide the truth and when you cant speak the truth you know you have a problem.

Just today the Labour Party Candidate David Shearer was caught out telling the truth about the very same thing the Left have been frothing swine-like at the mouth over for the last 2 weeks.

When he called South Auckland's unemployed "criminals" there was a certain amount of truth to it. Just as Melissa Lee's comment was.

Nothing wrong with speaking your mind.

Did the media set on it as with Melissa?

You guessed it, No.

They really shouldn't because what is wrong with David speaking his mind? To be consistent with their history on such things though the Left Media really should go after Shearer with the same venom and jealously that they went after Lee and Rankin.

Will they?

No.

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c Political Animal 2009