Stocks & Mutual Funds
So, you’ve decided to invest in the stock market. Congratulations! There are so many ways to invest in stocks. Individual stocks, mutual funds, index funds, exchange traded funds, domestic vs. foreign markets. How can you decide what is right for you? There are several issues that you, as a new (or not-so-new) investor, might want to consider.Risk Taker, Risk Averse or in the Middle?
You may be eager to get started so that you, too, can make those fabulous returns you hear so much about, but slow down and take a moment to contemplate some simple questions. .What kind of person are you? Are you a risk taker, willing to throw money at a chance to make a lot of money or would you prefer a more “sure” thing? What would be your likely response to a 10% drop in a single stock in one day or a 35% drop over the course of a few weeks? Would you sell it all in a panic?
The answers to these and similar questions will lead you to consider different types of equity investments, such as mutual or index funds versus individual stocks. If you are naturally not someone to take risks, and feel uncomfortable doing so but still want to invest in stocks, the best bet for you might be mutual funds or index funds. This is because they are well diversified and contain many different stocks. This reduces risk – and doesn’t require individual stock research.
Have much time and interest do you have for investing?
Should you invest in funds, stocks or both? The answer depends on how much time you wish to devote to this endeavor. Mutual or index funds let you invest your money, leaving the hard work of picking stocks to the fund manager. Individual stock investing is the most time consuming, as it requires you to make judgments about management, earnings and future prospects of a company. Therefore, ask yourself how much time you have to devote to this enterprise. Are you willing to spend a couple of hours a week, or more, reading about different companies, or is your life just too busy to carve out that time? Investing in individual stocks is a skill, which, like any other, takes time to develop.
Eggs In One Basket
The fundamental investment rule is don’t put all your eggs into one basket. Yes, the potential gain can be quite high, but the potential loss can be devastating. It is better to be diversified across several different sectors such as real estate, consumer goods, commodities, insurance, etc., rather than focusing on one or two stocks.
A Portfolio for Beginners
If you are just starting out, think seriously about investing most of your money in a couple of index funds, such as one tracking the broad market (e.g. the S&P 500) and one that gives some international exposure.
A Portfolio with Individual Stocks
If you are investing in individual stocks, a portfolio of 12-20 well-chosen ones will give you plenty of diversification and probably will not be too many to follow regularly. However, you will need to ensure that you fully understand each company, from their businesses to their risks. If you plan on investing in only stocks, make sure to spread the funds across different sectors.
If you don’t have the time or desire to pick as well as follow that many stocks, consider investing in a mixture of index funds and individual stocks. Another consideration, especially if starting out with limited funds, is that investing in 12-20 stocks may not be feasible, so having the majority of your money in some funds would provide the stabler returns those tend to generate while maybe half a dozen individual stocks would give your portfolio an extra kick.
Time to Invest
Once you’ve determined the shape of your portfolio, it is time to invest. You will then need to find a broker you are comfortable with, either an online broker or one with a local office or both. After deciding what to buy, don’t buy all at once, but enter slowly. Plan to take several months to invest all of your money to minimize any market timing risk. Finally, remember to set aside time each week to review or catch up on the news for your investments. After all, it’s your money – you should know what you are doing with it and why.The preceding is an excerpt from an article on stock investing from Jim Mueller:
The following is a list of all stock brokers in Jamaica:
Barita Investments Ltd , Capital & Credit SecuritiesLimited, Dehring Bunting & Golding Ltd, First Global Stockbrokers Limited, JMMB Securities Ltd, M/VL Stockbrokers Ltd, Mayberry Investments Ltd, NCB Capital Markets Ltd, Pan Caribbean Financial Services Ltd., Stocks and Securities Ltd (SSL), Victoria Mutual Wealth Management Limited
Mercury Vapor said
I borrowed the book “The Unemotional Investor” by Robert Sheard from my local library. If you’re lucky to have a good library near you you might be able to find it there. Then you can borrow and read it for free, and if you like it buy a copy later on.
Mercury Vapor said
The High Yield Ten returns:
1971 – 6.38%
1972 – 23.90%
1973 – 3.89%
1974 – 0.99%
1975 – 50.99%
1976 – 39.43%
1977 – -3.15%
1978 – 2.55%
1979 – 8.24%
1980 – 31.23%
1981 – 4.25%
1982 – 20.85%
1983 – 39.22%
1984 – 6.36%
1985 – 30.50%
1986 – 26.20%
1987 – 9.09%
1988 – 17.96%
1989 – 29.68%
1990 – -10.01%
1991 – 43.95%
1992 – 6.24%
1993 – 23.68%
1994 – 2.43%
1995 – 37.16%
1996 – 27.47%
Average annualized growth rate from 1971 to 1996 is 17.36%.
Mercury Vapor said
Hi everyone, I’ve started reading an investment book called “The Unemotional Investor.” So far, I’ve read about half of it and I must say it is worth reading. If you live in the U.S. and are interested in investing in the U.S. stock market I recommend that you read this book. It has a number of investment strategies in it, for example there is one called “The High Yield Ten.” This simple yet effective strategy has (from 1971 to 1996) returned on average approximately 17% a year. The strategy is explained well in the book, as well as several others.
There is also a strategy that is very, very risky, but has a high rate of return. It’s called the PPP and (from 1971 to 1996) has returned on average approximately 24% a year. That is a very high return but it comes with high risk and the return is average, which means that some years you will have large gains and some years you will have large losses. Most investors cannot stomach the roller coaster ride that such a strategy will have, but it is still interesting to read about. So if you want a good book on investing that’s easy to read and understand, then buy “The Unemotional Investor.”
Mercury Vapor said
Hi Comment, no I don’t know where you can buy PPNs. I just came across that article and posted it here because it was interesting. My advice would be to contact your broker, Share Builder, and ask them how you can buy these investments.
Comment said
Mercury Vapor do you know how i could purchase this fund and what is the minimum to invest. I currently use Share Builder to trade how could i add this to my portfolio.
thanks
Mercury Vapor said
Principal Protected Notes (PPNs)
“Zero-Downside Investing”
“Finally, a way to invest in a broad range of asset classes without any risk. To be sure, Principal Protected Notes (PPNs) are innovative financial instruments. And anyone can invest in them. Similar to traditional bonds, Principal Protected Notes return 100% of your initial investment when they mature. But your potential return is much, much higher than bonds. That’s because your investment options are virtually limitless…”
http://www.investmentu.com/retirement/principal-protected-notes.html
Comment said
Mutual Funds:
Putnam Board says it will close there institutional Prime Money Market fund after value dropped to just $1 US yesterday. Significant redemption pressure. These are really rough times credit quality just seems to keep getting worse. Even intel and Microsoft are at big lows today, guess i have to start looking at other companies that are into other stuff.
Dehustle said
JSM
Hi those are good Picks I invested in MFP and even when the price went down initally the dividend were almost as High as the share price
Cant beat that
Thx
JSM said
Good Day Guys; I know its been difficult with all that has happened with the CP and O. But as Most of us know there are other ways to make money.
in June I made two recommendations, not sure who took my advice. I am offering it again. BUY JBG and MFP. The last time I pushed a stock as much was in Dec 07. Those of you who read the blog back then know what happened. GLNR went up over 40% in seven days.
There are a lot of people out there who still believe that Jamaica Broilers is only “chicken”. The company is a lot more than that. They are also in the Energy Business, Yes Ethanol.
MFP will do good because as Mr. Trump always say, “Location, location, location”.
Don’t wait, ACT.
Take care and all the Best.
Jcan said
POST # 45
Thanks Red P, will surely check this out…and no, I haven’t spend my tax rebate :
fyier said
Sir Redp
Trinity, which once had an almost exclusive U.S. buyer base, also is seeing more overseas buyers who have recently moved into substantial money, Dane and Smith said.
I guess they are talking about you Sir RedP. While you are busy deciding the specs to order your criss yot, Mi a fret because mi soon need a new bicycle and because of steel di price no stop inch up. Mi soon haffi beg yu a smalls RedP. Save us a spot on the yot pretty please, we will bring drinks for the cooler!!!!!!
RedP said
Jcan check this out, further to my post # 24.
Jul 5, 12:22 AM EDT
Smooth sailing for yacht builders despite economy
By ALAN SAYRE
AP Business Writer
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NEW ORLEANS (AP) — Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.
The well-heeled buyers of the floating mansions are increasingly coming from emerging economies – in the Middle East, Russia and South America. The source of their wealth runs the gamut – technology, venture capitalism, new industries. And, yes, oil.
“There are a lot of people with new wealth looking for relaxation and enjoyment,” said John Dane III, president of privately owned Trinity Yachts, the largest U.S. builder.
These days, the biggest problem at Trinity’s shipbuilding yards is having enough workers to handle the 24 custom contracts the company currently is working for the luxury vessels.
“Nobody is buying these yachts because they need them,” said William S. Smith III, Trinity’s vice president. “They’re buying them because they want them.”
Another builder, YCO Deuxil PLC, has nine yachts under construction – more than double from last year. Sales for the first five months exceeded the entire amount for 2007, the London-based company said.
YCO Deuxil, which also provides services for super yacht owners, saw its profit more than double to $549,367 in 2007 over 2006.
According to Camper & Nicholsons International, a broker of yacht sales and charter contracts, there are about 3,800 yachts over 80 feet in service around the world now. About 1,800 of those have been built since 2000. The study predicts that that by 2010, there will be 5,000 such yachts on the water.
“There’s not enough supply,” said Ed Slack, editor of International Boat Industry. “It takes two years to build some of these yachts and the demand hasn’t slowed down.”
So far, Trinity’s largest vessel has been a 192-foot yacht that would carry a replacement price of $60 million to $65 million. The company is working a 242-footer that will have a price tag in excess of $90 million.
In the Netherlands, the First Export Association of Dutch Shipbuilding, or Feadship, can put together a 128-footer for about $40 million. On the upper end of an already high scale, a 300-foot monster yacht typically will run around $150 million.
Francois van Well, chief executive of Feadship America, said about 50 percent of his company’s business comes from the United States, but more buyers are coming the rest of the world. And it’s not old family money.
“Most of our clients have earned their wealth in one generation,” van Well said.
Trinity, which once had an almost exclusive U.S. buyer base, also is seeing more overseas buyers who have recently moved into substantial money, Dane and Smith said.
At the Global Superyacht Forum, a meeting of yacht owners in Amsterdam last November, Steven Rattner, manager of DLJ Merchant Banking Partners, said there are 90,000 families in the world with a net worth of more than $360 million each. That number is expected to increase over the next three years by 10 percent a year.
Because most of the new buyers are still active in business, they only have so much time a year for their yachts. Many also have vacation homes overseas. And they know about investments.
Enter the charter business, especially in the Mediterranean where, according to Dane, a 164-foot yacht can easily bring $350,000 a week. By chartering a boat 10 weeks a year, the owners can pay operating expenses for a full year, he said.
“The charter market has allowed people to buy boats a little larger than they would have wanted to invest in had they not seen it as a source of revenue to help defray their operating costs,” Dane said.
And these vessels don’t depreciate in price.
Dane said the first owner of every Trinity-built yacht who decided later to sell got more for it than the purchase price. Three were sold by the original buyer even before they were delivered.
“We have one owner and this is his fourth boat and he’s never taken delivery,” Dane said. “Rich people don’t want to wait on a boat and they’ll pay a premium. This owner has taken that premium and moved to the back of the line.”
Trinity has about 900 employees at its yards in Gulfport, Miss., and in New Orleans, where the company’s yard was used to build the Higgins vessels of World War II and D-Day fame. Feadship has three European yards that keep 1,200 workers busy turning out an average of five yachts a year.
Dane said he could use more workers to keep up with the orders. When someone is ready to buy, a long delay could mean “they look for another yard,” he said.
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PEI said
Money Pours Out of U.S. Stock Market and into the Safety of the Japanese Yen
http://blog.hyerczyk.net/2008/06/27/money-pours-out-of-us-stock-market-and-into-the-safety-of-the-japanese-yen.aspx
Patricia said
No I have not, but from time to time I go on a JLPT study forum site.I quess you would have achieved mastery and probably tutor level 4 in your sleep
jya mata
じゃ、また明日。
fyier said
excellent have you taken the JLPT, offered in December each year? If not you should definately try it.
Patricia said
That should be Mandarin
Patricia said
Hey Fyier I picked up bits and pieces around over the years. Much I learnt online. You would be surprised at the amount free resources that exist. I even want my little one to learn along with Manadarin. Right now she does French and Spanish, and she is 7, both of which she has been doing since she was 4.
fyier said
Hi Pat
genki? I am going to take a look at those BRIC emerging funds you suggested, as well as gold. I got an energy fund last year and will definately hold onto it.
I am getting the feeling that apart from our little fx thingy nothing specutalar is happening. An exception of course is real estate, where those who are liquid enough are buying-up forcelosed properties for cheap now.
Pat I have been wanting to ask, where and how you studied nihongo.
Patricia said
http://www.thestreet.com also gives useful reviews of funds and etfs.
Right now many “bored” and weary investors are resorting to cash ah well
Patricia said
Ohayou Fyier
saw your post on funds etc..whatever you do I dont think you should engage in any whole sale sell off. Certainly examine the costs associated with your present funds vis a vis the earnings. I would say that right now you may want to look at more commodities, oil /energy funds/drips, gold etfs…emerging markets are still good , good funds in the BRIC group should allow be added if u r not in already.
This is also a good site along with morningstar and wsj
http://www.valueresearchonline.com
fyier said
This blog should be more alive and kicking what’s going on? Anyway I have been thinking that I need to do some spring cleaning as far as my portfolio is concerened. Anyone has any suggestions for interesting Mutual Funds？REIT s and International funds are kinda losing their luster.
Questions,
1. where is the next trend in Mutual funds heading? Is it still in emerging markets or are there greener pastures out there. share your thoughts
2. How will the movement in the price of oil affect energy funds? What is a good strategy, buy, hold or sell?
fyier said
Hi does anyone have any ideas where the next trend in Mutual Funds will be heading? I am all bored of REITS and International Funds. Throw me some interesting names if you have any please.
Jcan said
CROSS-BORDER transactions in the Caribbean’s capital markets are in danger of head-on clashes with trading rules, and the region’s securities exchange bodies must act urgently to create a safe space.
http://www.jamaicaobserver.com/magazines/Business/html/20080605T220000-0500_136431_OBS_CARIBBEAN_S_CAPITAL_MARKETS_IN_HEAD_CLASH_WITH_TRADING_RULES.asp
RedP said
Jcan, did you find anything interesting on any yacht builders??
J.A.YUTE said
Is anyone here trading on the NYSE? If so, what are the best stock to buy theses days?
Jay said
Lee Chin rakes in $3b-$4b from NCB share sales.
http://www.jamaicaobserver.com/magazines/business/
The observer is almost a month late with this analysis.
Look at my post dated April 27, 2008.
LEECHING A GWAN GUD IYAH
Jcan said
Peter Bunting yesterday dismissed claims, made by Finance Minister Audley Shaw, of “sweetheart deals” that benefited Dehring Bunting & Golding Ltd (DB&G), a financial institution once owned by the Opposition member of parliament
http://www.jamaicaobserver.com/magazines/Business/html/20080513T220000-0500_135579_OBS_DB_G__GOV_T_DEAL_WAS_GUIDED_BY_PROCUREMENT_GUIDELINES__SAYS_BUNTING.asp
Jcan said
Are you wondering what to add to your portfolio in order to achieve a diversified investment selection? Have you ever given any serious thought to preference shares? Do you fully understand what preference shares are? Have you ever considered investing in US preference shares? Lets’ take a closer look at preference shares and see if this is the way to go in 2008.
http://www.jamaicaobserver.com/magazines/Business/html/20080510T000000-0500_135482_OBS_______VISION_ON_PREFERENCE_SHARES_.asp
Jay said
JSE offers preference shares at a low price of $2.00 per share.
Minimum allotment is 15k per share with other lots in multiples of 10k share.
Dividend will be paid quarterly at 180 TB Rate. Last TB rate Apr 23, 2008 was approx. 14% per annum.
Not a bad offer at all, as a part of your diversified portfolio.
Bad news : The offer is only open to Jamaican resident, living in Jamaica.
Patricia said
April 23 (Bloomberg) — Investing in emerging markets isn’t optional anymore. Globalization means that countries once thought of as marginal are central to any smart investment plan.
What’s still optional — for now, at least — are markets characterized as “frontier.” Frontier markets are young and thinly traded, with small numbers of stocks, poor regulation, unreliable financial reports and low levels of foreign ownership. ………………Who’s on the frontier? Ukraine, Cyprus, Estonia, Kuwait, the United Arab Emirates, Ghana, Nigeria, Ivory Coast, Ecuador, Jamaica, Kazakhstan, Vietnam and perhaps two dozen more.
http://www.bloomberg.com/apps/news?pid=20601212&refer=quinn&sid=a4sibrM7bph4
ITS ABOUT DIVERSIFICATION, TAKING RISKS WITH A VIEW TO REAPING REWARDS.
Patricia said
May 12 (Bloomberg) — U.S. and European banks and financial institutions have “enormous losses” from bad loans they haven’t yet recognized and may have a harder time wooing sovereign-fund rescuers, Carlyle Group Chairman David Rubenstein said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aozdYkg4RG3A&refer=home
Jcan said
Interesting info Mr P, will check it out….maybe I can invest this “US Tax Rebate”…
RedP said
Heres something that might be worth you guys while in checking out.
I love the sea and have been around boats from a very early age so the following info piqued my intersest.
Presently there is approx 14 miles of mega luxury yachts under construction world wide. This is unprecedented in the ship building industry. These yachts are commissioned by mega rich and charter comps. Some yachts, like ‘Octopussy’ which cost 600mil US owned by Bill gates partner are just used privately.
Maintenance costs (including crew and anti terrorist squad) for Octopussy runs at a staggering 60mil US/year!!
Meagayacht charters range anywhere from 100k to 250k US/week.
So who knows, maybe it might be worth checking out some of these yacht building comps for investing.
The DuPont Registry usually has a listing of a few of them.
More Time
RedP
Jcan said
Thanks Kevin & Jay… just looking around for up and coming stocks that is environmentally friendly with global appeal…Kevin, please post if you find any of interest….
Jay, in the above commentary you sound exactly like a friend of mine who works at SmithBarney….I know you are not xx…… since xx……. is a private FX trader
Jay said
Jcan.
Well this stock as moved as high as 375% since Jan 2008 that was in April 2008.
Green seems to be the way to go but I have a few concerns about this particular company.
Pros
* Green seems to be the way the world is heading
* Stock is relatively cheap
* Stock prices is up since start of year(now declining)
Cons
* Very low volumes.
* Pink sheets or OTC .
* Subject to manipulations from big investors.
* No financial data.
* Not much information on management team.
* No financial records.
* No SEC filings.
You may have found a winner but its too early to call.
Keep your fingers crossed, as I think you are looking in the right direction.
Kevin said
Jcan, I agree with you on that. I myself am researching similar options
Jcan said
I bought above stocks in January with the global push on the environment, going green etc I am hoping that this will go well in the next 12 months or so…What do you think?
jcan said
The Company will target specific segments of three major markets:
Diesel Emissions – Marine and Land Applications
Large Scale Animal Farms
Coal Fired Industrial Plants
http://www.enviroresolutions.com/market.html
Island Girl said
Anyone here subscribes to any investment newsletters or magazines? There are a few out there that seem to be good.
Do any of you know of Louis Navellier? He has a number of newsletters that seem to get good ratings. Also Roger Conrad.
I like morningstar and investopedia websites, I have been reading these a while now.
RedP said
Nuh watch no face Patricia, we wont send you to go hug up Carlos!!:) LOL
BTW I think I am going to C&D reading the investment club blog, it seems to have become termite infested. Drivah better call pest control!!
Later for now and once again thanks much for the links, I hope I can become a rich, astute investor as yourself. That would make my wife very very happy.:)
Patricia said
Well RedP not to worry, I have now issued myself a Cease and Desist
RedP said
13,14,15
Thanks Pat and Jay, now thats what I am talking about. Constructive posts that one can learn from. I truly appreciate it.
PS I am now going straight down to George at FSC and report the two of unoo!!!:)
At least you didnt recommend swiss cash!! LOL
Peace and Love
RedP
Patricia said
investmentexecutive.com
RedP, i actually like that site and morningstar.com
Patricia said
RedP..there is a wealth of info online with sites like Executive Investor, Mornigstar, Investopeadia. They are all useful.
U were in Cda, right?.. so start reading up on Canadian Energy funds and DRIPS,(too late for POT now I think, dont bother betting on yesterday’s winners,) ETFs, REITS, PPNs. Remember make sure ur investing in a tax effective way. Diversify, but dont scatter yourself all over the place, and remember ur returns are NOT to be measured by the day or month but over the yrs. Get sound investment, legal and tax advice. Its not just about making money, but protecting it and managing it effectively.
Dodge & Cox have some good mutual funds. Also careful with fees and how they are charged.
Peace.
Jay said
Red P@ 12.
I would not pretend to an investment advisor, as you know I would have to be licensed to give you such information
Anyway there is this great book ” The intelligent investor” by Benjamin Graham -widely consider the “best ever” and whose footstep Warren Buffet followed.
Its a must read for those who are serious about long term investment.
Check Amazon.com for pricing as its relative cheap.
This is a comment by the current best long term investor.
“By far the best book on investing ever written” – Warren E. Buffet.
Re : Mosiac , rule – dont go chasing last year best performer as it usually ends up being this years loser.
After reading this book your views on investing will change forever.
I promise you that.
Good luck.
RedP said
Jay 11. I agree in that I am also wary of entities that give a fixed rate as it is plain to see that markets fluctuate. This I would say is why I am more comfortable with O as they have posted as low as 4mash and as high as 16.something. I agree that transparency would be a good thing however.
Do you honestly belive 100% though that O is ponzi and if so why?
Secondly I notice that from reading the blog that ppl like yourself, Patricia, Jcan, Leavin Bab. etc. really seem to be up to scratch in terms of financial markets. Some of the posts have really peaked my interest in to investing/trading in stocks but not locally. How would you suggest that a layman like me who doesn’t know much can get started and learn how to pick stocks, do investigation, find stocks like Mosaic(link was posted on invest. club blog) and so forth?
I am determined to change my lifestyle in terms of working more at home instead of 70 hour weeks and spending more time with the fam. I view savvy investing as a viable alternative as I may soon have some substantial backative but not sure where to start.
Insight is appreciated.
Peace
RedP
Jay said
Red P.
My basic postions are.
1. A companay’s financial statements allows for transparency. In the clubs there seems to be some secrecy, with only a few who knows what is really going on. The majoriti rely on blogs like these for information, which by the time they get, is too late. Those in the “know” would have already have an insight into what is happening and would have left the “scene of the crime”.
The majority therefore ends up the loser.
2. The two companys above had lean times as well as good times with forex trading. This leads me to beleive that if the alternatives are truly involved in forex trading, they would no doubt suffer the same faith. This makes a fixed positive gain each month highly suspicious.
RedP said
Jay 5&8, Not withstanding your stance on financial Statements which I happen to be in agreement with btw. If Mayberry and ccmb did fairly well in FX I cannot understand why you seem to have such a problem with Olint. Is it because of lack of transparency, unregulation ?? Please explain as I would like to try and understand what your misgivings are.
RedP
Jay said
Captical and Credit Merchant banks post 8% increase in net profits for the first quarter 2008.
I therefore decided to look at the “forex” trading section of the financial companies report, to determine if I can get an insight into what they have been doing over the last 12 months.
Forex Trading gains/losses & translation
First QTR ending March 31, 2007 $3.24M
First Qtr ending March 31, 2008 $23.9M
Gain yoy = 637 % increase, wow thats impressive.!!
Now dont jump of the cliff and say ” see if CCMB can do that, then the O posting 10% per mth is chicken feed”.
Why , I say that.
Well if you look at the audited financial statements for CCMB they actually posted a loss of $10.16m on forex trading for the financial year ended Dec 2007.
It therefore means that an an annual basis they actually posted a negative return in that area. ie forex trading returns.
I could make this deductions only because I have access to the FINANCIAL STATEMENTS of the Company, and not someone telling me ” I hear that CCMB made a killing on forex in the last 3months”.
The financials provides information to all, not just the few “insiders”.
How can any “investor” in the alternative show me data to support their claims of huge returns , “oh its in the bank nuh”.
Jcan said
Patricia
Are you getting fat from all this oil investment?
Canadian Oil Sands provides a pure investment opportunity in the
Syncrude Project through its 36.74 per cent working interest. The Trust is
an open-ended investment trust managed by Canadian Oil Sands Limited and
has approximately 479.4 million units outstanding, trading on the Toronto
Stock Exchange under the symbol COS.UN.
http://www.cos-trust.com/investor/Why_Invest.aspx
Jay said
Michael Lee Chins picks another winner. !!!
Have you guys been following the news, or the HYIP fever is so gripping that you all missed it.
Between February and March of this year year AIC headed by MLC sold 17,905,153 NCB stocks @ an average price of $22/share.
Total proceeds would have been in the order of J$3.94B or US$5.63M.
NCBJ netted over $517m from sales of these shares.
Now here is the deal, AIC apparently invested a significant portion of these proceeds in the “V” IPO that is the Visa Credit Card IPO which took place at the end of March 2008. Visa was offering each share for US$44 each.
Now if we assume that MLC/AIC invested the entire proceeds of the sale of NCB shares in purchasing V shares then AIC may have ended up purchasing just about 125,000 shares @ $44.00 each plus brokerage fees etc. (Note this is an assumption, it could be more or less).
At the end of trading on Friday each V share was worth $75.10 each, which means a capital appreciation of 70.68%.
MLC/AIC would have gained approx US$3.98M (JA$2.78B) on that single transaction which was completed just 4 wks ago.
Good going MLC !!!
Info obtained from JSE and NCB recently released six months financial statements.
Jay said
Mayberry did exceptionally well during the first quarter of 2008. Lets however not get ahead of ourselves folks as this I would consider to be a one off deal, which will not be repeated.
When you therefore are comparing its second quarter report vs its first quarter report you will no doubt see a significant drop in profits.
Never the less Mayberry is well positioned to continue to see increasing profits.
Did anyone look at the gains made in forex trading vs the same period last year.
Last year they made just over $6m and this quarter they made just over $37m or a gain of over 500% .!!!
Wow thats impressive Mayberry, go get them !
Mercury Vapor said
Here is an interesting article on mutual funds. Some mutual funds aim to provide most of the stock market’s long-term gains, but also use hedging strategies to reduce market delines:
http://seattletimes.nwsource.com/html/businesstechnology/2004375878_funds27.html
Mercury Vapor said
Here is an interesting article about mutual funds. Some mutual funds aim to provide most of the stock market’s long-term gains, but also use hedging strategies to lessen market downturns:
http://seattletimes.nwsource.com/html/businesstechnology/2004375878_funds27.html
Jay said
Lascelles share disposal fattens Mayberry’s bottom line – Profits climb 986 per cent
http://www.jamaica-gleaner.com/gleaner/20080425/business/business4.html
Kevin said
Somewhat interesting News:
http://money.cnn.com/2008/04/22/markets/markets_newyork/index.htm