One of Warren Buffet's 'value tenets' is to buy companies at attractive prices, but what is an attractive price?
Is AMP a good buy at $7.78? What about TLS at $3.99? ORG at $7.52? QAN at $4.06? BSL at $6.94? TEN at $3.09? FGL at $5.50?
I am ready to to take an active interest in investment and remove my $100,000.00 from Colonial First State and start investing small into direct equity securities. I am currently studing for ASIC PS 146 compliance through the Diploma of Financial Services at the SIA and feel it's about bloody time I invest directly.
Using a fundamental approach based on buffett's investment guidelines, especially his 'know what you own' and 'buy at attractive prices' concepts, I will I will do a bit more F/A on the S&P/ASX 200 companies and decide upon my best value stocks in each sector. I am thinking of holding 3-5 stocks originally at a cost from $2500.00 upto no more than $10,000.00 and building on that.
I am quite raw and books can only give you so much, I need to EXPERIENCE in the market, and it's starts mid next week when my Colonial First State funds are cleared into my CMA.
Have you guys got anything you'd like to tell me before I 'take the plunge'?