At 5.25pm Sunday 30^th October 2016, my blog within i3investor website has achieved three million page views. Thank you very much for everyone who have been reading my blog. I wish for your continuous support. Also, not forgetting the opportunity i3investor has given to me to share and express my view about investing here. Appended below is the URL of my blog for ease of reference.

klse.i3investor.com/blogs/kcchongnz/

I started dwelling in i3investor sometime in early 2012 by making some analysis and comments about investing in Bursa. I only started my blog above within i3investor on 31^st December 2013 with the first title “A new year reflection of my portfolio in 2013”. Since then, I have written a total of 245 posts, which is equivalent to three posts in a fortnight. There is a total of 7479 comments, averaging 30 comments a post.

Here is one of the comments in my latest post, “In Search of Excellence in Bursa” where I tabulated another success of my fundamental value investing (FVI) strategy.

http://klse.i3investor.com/blogs/kcchongnz/107553.jsp

[Posted by Flintstones > Oct 30, 2016 01:51 PM | Report Abuse

Kcchongz, dont keep rechurning your recommendation track record over and over again lah. Havent you heard of the saying "you are as good as your last trade"?]

Thank you very much for your constructive comment above, Flintstone. Sorry to antagonise you on my overzealous repetition of the success of FVI, not my “recommendation track record” as interpreted by you. If you do read carefully what all my posts about the return of those FVI strategies I wrote about, you would understand what I am talking about.

Yes, I have heard of what you said on “you are as good as your last trade” before. Thanks for reminding me. It is very true too for many stock market players. For example, with RM1m capital, you put it all in a certain stock on hot tips from a big time super investor, and true enough, its share price goes up. It continues to go up when the company gives “freebies” in bonus issues, share splits and “free” warrants, say now the market value of the shares is RM1.2m. Some more there is an announcement that the government is so good to the company and gives it (and no one else qualifies) guarantee-to-make-big-money projects, no downside but plenty of huge upside, it seems. You get over-confidence and use margin finance to buy more. As the value of this share keeps going up and you have more room to borrow more and buy more, until you own say RM3m worth of the company now, but with RM1.5m other people’s money (OPM). Suddenly one day something untoward happens and the share price plunges 25% on opening the next day. You keep holding on the share because you can’t go wrong, so you think, and eventually the value of your share gone down to say RM1.5m. The bank starts to make margin call and sells off your shares at any price, and you get RM1.0 left from the sales of all your shares by the bank. With this, you can’t even pay back the RM1.5m you owe the bank.

Yes, your above case of “you are as good as your last trade” is very true. The last trade (s) kills you. It is however, more suited for traders and speculators in the stock market who got overconfidence and overtrades.

I have been advocating FVI for long-term building wealth all this while, in diversification and buying good companies at cheap price for long term. We don't trade much, maybe a portfolio turnover of 10-20% a year. In our school of thought, it is more appropriate to change your phrase from “you are as good as your last trade” to “you are as good as your process”.

Thanks for your constructive comment which gives me this opportunity to propagate fundamental value investing (FVI) and its process again here and try to convince you that if you wish to be successful in building long term wealth, this is a more probable way to achieve your goals with some evidence from my own experience. What else can I show you if not from the established and published records of FVI?

Initially I thought of summarizing those methodologies, process and strategies of my FVI here again with these three million posts, and the outcome of those strategies. However, I have talked too much about them and will make those who have read them before get bored, and hence I stop here.

For those who are new here and haven’t read about them, you may go to my blog below if you wish.

klse.i3investor.com/blogs/kcchongnz/

Thanks for three million again. Happy investing.

K C Chong