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The number one rule for both investing and speculation is the preservation of capital. Where an asset is income generating, that income flow forms part of the capital preservation. So for an income producing asset, for example if the yield is 5%, one can say that based just on the yield I...

the problem hobo-jo, is that you keep going on about property, yet the gold price has suffered accordingly over the last 6 odd months. Yet what do you say about gold? Do you cut losses on gold and move to cash??? If not, then how can you be arguing about property. There are always two...

well said NHG. I was thinking something similar but you wrote it much better.

Up to May 2013 I had been incredibly well. Then May came along and I got wacked 15% in May. June is being hit again with another 5%. Still making a satisfactory return of something like 25% for this financial year so far, but I am now being more cautious. Reducing positions to keep the...

and I further rest my case. I think a number of people would benefit from a bit of Benjamin graham insight. 'You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.'

11 pages of whaffle back and forth. Glad some people have spare unproductive time on their hands.