Keith, I thought about it a long time like: should I give you any advice or not... and always thought, that I won´t do that. Because you are experienced and know what you do. The only thing I thought I might tell you over some beers would have been to not report your portfolio anymore. It´s good to see that you changed that and that Richard also supports that. We all love that podcast for its content and for you guys´ educated opinion on things. Plus the beers and sitting together from time to time.
Just glad your continuing chaps the other alternative would be maybe a weekly 30-40 min podcast but best of luck with.whatever you decide quality content every podcast.
Finally, you're back 😂 ❤ Dont suppose you guys are interested in doing another hochschild mining review 3yrs on? Given your positions/interests in precious metals currently.
The honest answer to your question about Hochschild is no, I won't be doing a "Share Talk" on it. I may do a short section in the weekly on it if I have time. Thanks for your support
Ive been watching PM for several years now. Great podcast as usual thanks. Interesting your balancing your Gilts with REITS Keith. But what if interest rates continue to stay higher for longer which would be bad for gilts and bad for REITS given the cost of their debt. Why not go for an alternative strategy not so exposed to rates?
Hi Jeff, you are absolutely right that I am heavily exposed to interest rates and both Gilts and REITs are down since I bought them, but I decided that I would hold the Gilts for the long haul until interest rates come down, which I remain convinced they will do eventually. This was a cyclical trade and at some stage the cycle will turn down, and interest rates will fall below R*, at that point I hope Gilt prices will rise enough to allow me to exit the trade without having lost too much money. In the mean time I need some income and I have bought that. In essence I now have enough income to be able to ignore the day to day P&L and I can wait for opportunities to come along. I look at US equity prices and I think that they are unsustainable and that this always ends badly eventually.
Keith, I thought about it a long time like: should I give you any advice or not... and always thought, that I won´t do that. Because you are experienced and know what you do. The only thing I thought I might tell you over some beers would have been to not report your portfolio anymore. It´s good to see that you changed that and that Richard also supports that. We all love that podcast for its content and for you guys´ educated opinion on things. Plus the beers and sitting together from time to time.
Great to see you back.
Just glad your continuing chaps the other alternative would be maybe a weekly 30-40 min podcast but best of luck with.whatever you decide quality content every podcast.
Finally, you're back 😂 ❤
Dont suppose you guys are interested in doing another hochschild mining review 3yrs on? Given your positions/interests in precious metals currently.
The honest answer to your question about Hochschild is no, I won't be doing a "Share Talk" on it. I may do a short section in the weekly on it if I have time. Thanks for your support
@portfoliomatters2473 awesome, love the show!
Ive been watching PM for several years now. Great podcast as usual thanks. Interesting your balancing your Gilts with REITS Keith. But what if interest rates continue to stay higher for longer which would be bad for gilts and bad for REITS given the cost of their debt. Why not go for an alternative strategy not so exposed to rates?
Hi Jeff, you are absolutely right that I am heavily exposed to interest rates and both Gilts and REITs are down since I bought them, but I decided that I would hold the Gilts for the long haul until interest rates come down, which I remain convinced they will do eventually. This was a cyclical trade and at some stage the cycle will turn down, and interest rates will fall below R*, at that point I hope Gilt prices will rise enough to allow me to exit the trade without having lost too much money. In the mean time I need some income and I have bought that. In essence I now have enough income to be able to ignore the day to day P&L and I can wait for opportunities to come along. I look at US equity prices and I think that they are unsustainable and that this always ends badly eventually.
snigger snigger 1:03:31. Good to see you guys back !!
Superb,