Hi Pezz,
I just spent a few hours talking to folks, going through Bloomberg and brokers reports (yes, I still use them) and I have discovered a whole bunch of fascinatingly inexpensive “Global 1000” company shares priced at around 0.5-1.5 x book, 5-8 x earnings, 8-10 x cash flow, 5-10 % secure dividend, 15-20% projected growth, less than 30% leveraged, denominated in a mix of currencies, located in a mix of tax regimes, ruled over by different governments, across different time zones, focusing on different industries.
I have also chanced upon a multitude of riveting-ly delicious corporate bonds rated AA or better, yielding 18% and higher, again in different currency denominations.
And I am having some realty agents scouring for possible bid opportunities on well-located properties in thriving or otherwise attractive locales without fussy paperwork requirements yielding 10-12%.
I intend to take no more than 6 months to allocate my NAV across a mix of above mentioned assets / counters / scripts / chips, after which I will take it a little easier and make sure I no longer have to answer e-mails before noon each and every day.
Oops, that was a vision in incubation.
None-the-less, you may have an interest in these opportunities when they arise, and if so, you know what you must do now;0)
There are a few words in your message I felt compelled to shy away from …
<<Stocks>>
<<Permanently>>
<<High>>
<<Plateau>>
… because I had learnt that stocks are not forever, nothing is permanent, high is dangerous, and the other side of a plateau is generally a cliff.
Musings from Jay on a long weekend, right before a BBQ in a garden, to be followed by another long weekend next week (liberation day from the English).
Chugs, Jay |
