Club Mulgoa

Thursday, December 30, 2010

Super contribution

Happy this morning. Cilla gave me a top-up to my super fund. So I am on the prowl, looking for idiots selling on the cheap.

In the last week, I have identified about 10 stocks to pick up. My price must be too low; every one of those companies has bolted. So my research must be good and I am too mean a buyer! But why pay a high price when there are so many people getting rid of their shares cheaply. Patience is a good investment characteristic :-)

And what have I identify? Silver companies, South American explorers and poorly valued companies. And very risk companies. They have bolted so I will just have to sit and wait for them to return to earth.... and look for other el cheapos.

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