Shares that have been constantly rising for 5 years.
Discussion
A friend pinged me this and I invested as looks a constant riser, any tips on finding nore.
https://www.google.com/search?q=novo+shares+price&...
https://www.google.com/search?q=novo+shares+price&...
It's difficult as for me, I constantly have to stop myself from "hindsighting", that is looking at what did well and regretting not having enough on them but I never think I should have had more on the many losers.
I have no doubt people who follow Biotech closely might have been able to identify the potential but if one is just in the market, it is in reality a bit hit and miss.
Looking at the 5yr chart, putting aside intraday volatility, it's had a 20% and a few 16% drawdowns. Again unless you follow the company and industry closely, good risk control would have meant position size was reduced at least, I emphasise if you don't follow that market closely.
I'm no longer a member of Stock gumshoe mainly because group think ran very deep there on the forum but I recall he did a 5 yr lock box, that is for better or worse and the drawdowns were horrific, he clearly has a decent portfolio so he treated this as an experiment but 80 or 90% drawdowns were common. Of course one Google or Meta and all is forgiven but it drove home to me that we screen the AOL etc, I got hold of a Larry Connor's roundtable video from 2000 and some big traders/investors and I doubt I recognised 10% of the companies they mentioned but searching these were 10 to 100 B market cap and no longer exist in that form.
It seems trite to say but as a minimum a decent diversification is required.
I have no doubt people who follow Biotech closely might have been able to identify the potential but if one is just in the market, it is in reality a bit hit and miss.
Looking at the 5yr chart, putting aside intraday volatility, it's had a 20% and a few 16% drawdowns. Again unless you follow the company and industry closely, good risk control would have meant position size was reduced at least, I emphasise if you don't follow that market closely.
I'm no longer a member of Stock gumshoe mainly because group think ran very deep there on the forum but I recall he did a 5 yr lock box, that is for better or worse and the drawdowns were horrific, he clearly has a decent portfolio so he treated this as an experiment but 80 or 90% drawdowns were common. Of course one Google or Meta and all is forgiven but it drove home to me that we screen the AOL etc, I got hold of a Larry Connor's roundtable video from 2000 and some big traders/investors and I doubt I recognised 10% of the companies they mentioned but searching these were 10 to 100 B market cap and no longer exist in that form.
It seems trite to say but as a minimum a decent diversification is required.
tescorank said:
A friend pinged me this and I invested as looks a constant riser.
Any tips on finding more?
Any tips on finding more?
If like me, you are a very long-term investor, consider Compass Group plc.
I have held for many years. They are probably now, the largest catering company in the world.
A very well managed business, where the directors were really put to the test during the pandemic. Catering and hospitality was a bad sector to be in when that happened, but Compass recovered remarkably quickly. I was expecting a long period of difficult business, but was amazed how quickly they returned to normality.
10 year share price chart shows well ahead of the market average.
A business that is easy for investors to understand. Not exciting high tech, but serious investment is primarily about making money.
Last financial year (30/9/22) £25 billion revenue and £1.4 billion pre-tax profit.
Well, check out the performance of this fund where you've even got the risks across individual companies nicely spread - L&G Global Health & Pharm,
https://www.morningstar.co.uk/uk/funds/snapshot/sn...
It's been a great sector for more than a decade.
https://www.morningstar.co.uk/uk/funds/snapshot/sn...
It's been a great sector for more than a decade.
Simpo Two said:
I'd have expected the X axis to show share price not '%'.
Important to see the 'wood for the trees' John, so percentages are the best way to keep things as simple as possible.
Leave it to financial advisors and business schools, to create fog and complexity.
There are only three lines that we should be concerned about. Simplicity is the key to knowing what is going on. With a little skill and masses of luck, hopefully the green line beats the red line. If that can be achieved most years, then "No worries", as they keep saying at my Australian business.
I have chosen an 'exciting' year as my illustration.
It followed a period of the hopefuls and lemmings, piling into tech wonder stocks. There were a few winning businesses, but trying to pick an Amazon amongst hundreds of future failures, was virtually impossible. Each tech start-up said they were going to succeed and conquer the world, so give us your funding. I did not like the look of it, so trailed the market all the way through that bubble, until the bust.
My weekly valuation later today should be interesting. The market has had a sudden surprise bounce this week. Can never forecast such events, hence the unwritten rule, 'remain invested'. One week of course means very little, but a fresh bounce is always encouraging.
Edited by Jon39 on Friday 15th September 08:57
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