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[GPGT]A Good investment becomes bad speculation when you pay too much for it

[GPGT]A Good investment becomes bad speculation when you pay too much for it

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wahkao Offline
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#1
01-12-2014, 11:12 PM
[GPGT]A Good investment becomes bad speculation when you pay too much for it


Agree? Please pen your thoughts

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amperex Offline
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#2
02-12-2014, 12:53 AM (This post was last modified: 02-12-2014, 01:05 AM by amperex.)
No. A good investment is a good investment. When you pay too much for something, then it is not a good investment from the start. Since here we are talking about stocks, it should be ' Paying too much for a good business is still a bad investment '. For example paying $17 for SGX in 2007 was a bad investment. Dividend yield is 1.65% today. Lower than SGS. Paying around $1.00 in 1998/99 was a good investment. Dividend yield is 28% based on purchase price.
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