Phew, a busy few weeks, finishing up last contract for a cool startup, some time in Rarotonga which is a fabulous little island in the pacific, hooning around like a crazy man (well, a crazy man who doesnt go over 40kmh) on a little scooter, getting up at the crack of dawn to throw coconuts at crazy annoying roosters, and other island enjoyments. Then, house hunting and shifting in very short order. Fortunately, we have eliminated most of our heavy furniture by donating it to various charities, and the look of relief on the movers faces was touching.
Now, everything is back working. Except me, which is fabulous!
One thing I have been doing in my ‘spare’ time is investigating my share investments. I have a reasonable amount invested in shares, mostly bought on whims like “it just dropped 20%, must be a good time to buy!” (note, just because it dropped 20% doesn’t mean it can’t drop another 50%), and “I like what they’re doing” (which doesn’t mean anyone else does). And of course, Telecom. Why Greg, why?
So, I have been doing some fundamental analysis on the financial reports. Which is fun in a super-geeky, don’t tell anyone you want to impress, kind of way. I’ve found it pretty educational, and have recently invested in Restaurant Brands (RBD.NZ) and Michael Hill (MHI.NZ), so you can follow how I do! It is however, quite hard work on the NZ stock market, simply because to get the information, you need to sift through years of annual reports. So I wonder, how many people following the NZ market actually do this? Does your investment advisor?