The email address in "Contact AK: Ads and more" above will vanish from November 2018. No new email address will be provided. Contact me using Facebook. - AK

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When can gambling make more than investing?

Saturday, March 25, 2017

Reader:
hello AK, just curious and wanting to understand further your thought process on HLS. Would knowing about the bumper dividend have changed your decision? I assume the announcement wasn't made yet when you sold.



AK:
Alamak. This is like asking me if I can see the future...
Not a meaningful question 😉

Reader:
hahahaha clearly I didn't give a good illustration
put it another way, how would a bumper dividend + increase in price of a stock influence your decision whether to hold/sell/whatever? Do you consider how long it takes under normal circumstances for yearly dividends to cover the bumper dividend? (eg 4 years of dividends for HLS assuming $0.025 per share, to account for $0.100 bumper dividend)

AK:
it is about what we feel is a fair price to pay... some feel that they want to get into HLS even at 60+c and to get the special dividend... I don't think it is a good idea... 
I think 52c was a fairly good exit price... there is no accounting for prices.
If people who buy from me make some money, good for them. I try not to overthink.

I am still holding on to 50% of my original investment in HLS. It has become free of cost and I see myself holding on to this investment for many more years to come. 

This is just like my investment in OCK which also became free of cost when I sold half of my investment after its share price doubled a few years ago.

I won't lose sleep over the fact that their share prices went higher after I sold half of my investment. 

I made good money and will probably continue to make money from these investments. To me, that is good enough.

If I had a working crystal ball and could see the future accurately, I would not be an investor. 

I would be a full time TOTO gambler. ;)

Anyway, to sleep better at night, we won't be wrong to avoid the phrase:

"If only I had known."

It has no practical purpose.

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2 comments:

Eye of the Storm said...

If only I had known to avoid this phrase earlier,,.

AK71 said...

Hi EOTS,

It is one of those things in life we might want to avoid. ;)

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