diversification13 Sep 2020 21:15
Dear GGP Guys?Girls.
I have been in here since early Feb/March when a friend tipped GGP to me at 6p.....though I have topped up along the way with an average of just about 9.5p..However, whilst I have read all of Paddy, Mushroomkid, Hydrogen, Magic , Welsh Faclon, Tom The and others, all this talk about cashing in some GGP to diversify into something else is nuts...I urge all of you to read a great book called Tycoon..written about one of the smartest businessmen and investors of his day..i.e. Jimmy Goldsmith..he was a living legend , who loved money, women and doing deals .( whats not to like about that).But one of his first deals was Carsons Chocolates in Bristol...It was the Cadbury of its day....my mother in law worked there and said they were a brilliant employer who shared there success with their employees...They made so much money from manufacturing chocolates, they decided to buy chocolate plantations and the company that made the machines that made the chocolate..they diversified so far from their main business, they almost went bust....Goldsmith met the directors and pursuaded them to give him a share of the business and he would help them get rid of all the crap they had diversified into ..they agreed to the arrival of Goldsmith and Carsons became back to good health..He did the same at numerous companies who he identified had diversified away from their core business....Goldsmith brought many of these companies back to good health and in the process made himself a billionaire....By all means diversify your portfolio but for me, do not sell out of GGP in the hope of finding another GGP..I do not believe you will....I have a diversified portfolio in my SIPP but I bought each company with cash in my SIPP....Run your winners and if you do not run GGP until its stop winning , you may regret it..All in my humble view..That book is Tycoon, The Life of Jimmy Goldsmith By Goeffrey Wansell...and tomorrow I will buy more of GGP..Where is GGP going?....Far beyond your expectations...none of us know how much the price of a GGP share will be in 1 day, week or 1 month...all I know, its going to go up in the long term and I am holding until gets bought out or my SIPP forces me to sell because i am getting close to my lifetime limit...I believe I will approach that limit ..when? its out of my hands because some of holdings are in my view going to multi bag...big style..Keep the faith and its fabulicious to read how GGP is going to change your lives guys..... I love it and come on guys share with us more of your life changing stories, it really matters..Best LP
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