Gadge wrote:<For a good selection of companies with weak moats look at the High Yield Portfolio board (that’s why these shares have high yields).>
That is the funniest sentence I have read on this web site for a long time.
It quite literally made me laugh out loud.
No idea where Gadge's quote came from as I cannot find it but then this is now a long thread. It seems to me to be a bit of an odd sentence not to say misguided if that is what was written. I think most of the high yield shares mentioned on the HYP Practical Board have a relatively strong moat not a weak one otherwise there would be more competitors to bring down the yields. Pray, what is it that Gadge finds so funny? Do tell.
It is anyway an interesting thread. As odysseus2000 said, investing is about emotion as much as anything, and we need to try to be detached so that it is our own emotions that we are buying into and not the market's, or the crowd's. Above all I think we need to be independent and detached and not be afraid to do our own thing. But we need a strategy otherwise we will be threshing around from one idea to the next and although I am no purist HYPer, at least it is a simple clear cut strategy which any novice can follow. It can be modified as we gain experience or begin to feel more confident to branch out a bit. I feel that if we hold a portfolio that we are reasonably confident about, market drops can mostly be ignored. It is when a particular share's price that drops for no apparent reason that we should be concerned. Often the market is telling us something and we need as many pointers as we can get.
Dod