Hi FR1, I am at the moment positioned thus:
37% Cash (mostly US$, just started changing some to Euros);
26% Bonds (mostly US$ denominated, collectively yielding above 10%);
26% Investment industrial real estate yielding positive cash at 7% on cost, no debt, bought at the onset of the Asian financial crisis, on the waterfront, next to old HK airport where a new 300k folks city will rise within a few years according to the master plan. Site now surrounded by cleared land, and subway extension will be right opposite the street within 24 months.
8% Equity (AAPTY, AMGN, AOL, AU, CHL, CMCSK, IMPAY, MSFT, NEM, SNE, SWC, and some residual round lots left over from past positions just to encourage me to read the news; no option positions at the moment; some HK shares like Hongkong & Shanghai Bank and Pacific Century (HK$ 4.8 entry price), China shares traded in HK like PetroChina, Sinopec, Phoenix TV, Citic Pacific, one China B-share and one Philippines share mentioned below). No single share, group of shares, single or all markets can put me in the hospital. I am simply no longer a believer until some panicky cataclysmic selling tsunami takes place.
3% Metals (mostly platinum bullion)
No debt, except getting some Yen loan just for fun, and yes, I am a coward.
Recently, I bought during the panic, like I usually do
Message 14900388
Message 15121426
Message 15195773
... even in the Philippines
Message 15137009
Allowing the Maestro to pay for my platinum watch
Message 15255942
By quickly took some off the table, leaving the party early
Message 15278844
And I do not advise you to buy any Chinese stocks as you are too far away
Message 15071128
The following links are more for my filing benefit then meant as reading material.
Chugs
I hold some firm beliefs and certain convictions
Message 15063555
Message 15135006
Follow certain rules
Message 12508191
Message 13505938
Forever reminding myself that god did not mean me to be wealthy
Message 12242189
Never too greedy
Message 12166694
Message 12266003
Message 12402354
Message 13410276
Message 15128601
Can do euphoria with the best of them
Message 8554586
Message 12648727
Message 13309172
Message 13327313
Thus am not all gloom and doom, especially during times of crisis, I can lead momo when called upon to
Message 8594129
Message 12292529
Message 15126319
While am always suspicious
Message 12189698
Message 12355669
Message 12463559
Message 12651172
Message 12665013
Message 15137038
So far have thrived in the aggregate during times of crisis, be they market or stock specific
Message 13370784
Message 13787711
Have always loved platinum, as a private monetary reserve
Message 14947596
And I believe we are heading into crisis thanks to the Maestro. So, be prepared to get richer still, as volatility is our friend, chaos our partner, debt capacity our weapon, platinum our shield, and positive cashflow our god. |
