It is never my intention to personally malign any poster. We are...

It is never my intention to personally malign any poster. We are all in this together. I have sought to share personal investment lessons to those who may be interested. Anyone else can naturally ignore them or abuse me, I accept that as my hide is well and truly thick.

Whatever holding I may have, is irrelevant. I totally agree. The more pertinent point that appears lost in the barrage of resentment is that it was nearly entirely built on the trading ALF for over 12 years and using strategies a little smarter than "trusting others with my money". Let's just say there are many successful investors on HC and many unsuccessful punters. They all post, but I give greater weight to informed views than to emotive ones. I believe that is the right and choice available to all posters.

I am certainly no genius and have admitted many times to making mistakes. My mistakes, not others and from them I have learned a little over 40 years of investing. I hold multiple business and finance degrees (it was my career) and much experience with both public and private companies. It is these skills and experience that I draw from when making investment decisions. I believe I can fully comprehend and analyse a consolidated set of financial accounts and notes. As an investor, I would expect no less of myself before I invest a cent. I stick to what I know and I freely admit, I cannot hold a hammer or competently screw in a nut. It appears others here may draw and invest on different skills or experience. That's how life is. DIY everything is pretty popular though not guaranteed to be successful..

On the matter of investment returns my premise is simple. No one can wind back the clock. To try and suggest an "opportunity cost" on a failed or poor investment decision is, in my view, a total cop out. Anyone has had the chance to exit their investment any day over the last 2 years to find something else. If they didn't, they made the decision to back the success of the fund, and it has not paid off.

The price today is $1.00. The future price MAY BE (I would suggest should be) the NTA $1.20. If it takes 18 months or 2 years or 3 years so be it. But it is my personal view and hope it will get there. I regard that prospect as a return of 13% p.a. on my current capital invested or 10% p.a. (if it takes 2 years) or 6.6% (if it takes 3 years). Not very challenging stuff.

What anyone may have originally paid for their stock is entirely irrelevant to the decision they face today. Buy, sell or hold. It is that simple. Where possible I am buying, others can do as they please. However, investing is about the future not the past. Without trying to be too quant to the team of investing gurus on this thread, I seem to recall something about spilt milk. It seems apt.

You may now throw all the slurs you wish. I will dig deep and buy more at 99.5c as others have. I wonder which group will get some satisfaction in the years ahead?