Learn from my Uncle (Retired Fund Manager)
A Test Drives Day With My Uncle (Retired Fund Manager)
learnfromuncle
Publish date: Sun, 27 Sep 2020, 02:37 PM
learnfromuncle
0 13
sharing every yumcha session with my uncle who is an retired senior fund manager in a well known fund house in malaysia..
Been two weeks I didn’t update any new post because the past two weeks market seems to not have any special movement. Luckily last Thursday and Friday finally the gloves counters move higher up, my TOPGLOV saw significant gain.
You can follow my previous post to see what price I bought in TOPGLOV.
Those who has yet to join my telegram channel for latest articles, also can follow my channel below :
https://t.me/learnfromuncle
Since this year I have made quite good gain from SUPERMX, PHARMA, JCY, KPOWER, SCIB, I decided to upgrade my current old car from my uni days. I have invited my uncle to help me have a look because he has lots more experience in buying cars and I sure he can give me good recommendation.
After reaching to the car company with uncle, the salesman passes me the key for test drive. Guess what? I chose TOYOTA Alphard because I need a family car for my new born baby coming soon next year.
During the test drive session, I have some chit chat with my uncle.
Me: Uncles, how is the car? Is the pilot seat more comfortable than your lambo? Haha
Him: Haha, of course it’s more spacious and comfortable than my lambo. But you sure you want to buy this Roti Van?
Me: Don't like that la uncle! My wife loves it, it's spacious enough. She always complaint my current car too small.
Him: It's good that you upgrade to the car you like. It's doesn't matter how others think. Congrats in advance.
Me: Thanks uncle, without your wisdom advice, I never dare to think about upgrading my car.
Him: No worries young man, it's still a long way to go for your investing journey.
Me: Uncle, last week seems to be a really hectic week. Out of the sudden Anwar announced have enough seat to form govern, US market been falling so badly, but why Gloves suddenly turn up?
Him: Very good question, if you ask me, from my experience, I would say, market can't find anything better than gloves already. That's why during last fall, I tell you to grab TOPGLOV. Lucky you did it.
Me: Yes uncle, thank you very much. But I still don't quite understand, why so many stock sifu, technical sifu been claiming that gloves are overvalues, chart has gone into downtrend, all kind of bad comments for gloves but end up still goes up?
Him: Another good question, those fundamental analysis have its own weakness, same to technical analysis, that's why if they did not think out of the box, they will think and follow the major market terminology, gloves is not going to do well already. Investing does require to have business sense, not just about calculating whether it is overvalued already or not, look at TESLA, what is overvalue?
Me: So, you mean that we should not be too obsessed with these two method of analysis?
Him: Yes, you are definitely right. Investing is not just about historical earning data and historical chart; it has to be flexible and think of the future. That's why when market is not stable, gloves still the best. It's very simple, the future of gloves is much more solid than any other business now. In the end, market have to accept this fact.
Me: I kind of understand now uncle. Looking at Europe and many countries still out of control of covid-19, I believe that this covid is not going to end so easily.
Him: That's very true, again even with vaccine approved by WHO now, don't expect it can reach us so soon.
Me: It's sad but true.
Him: Hey drive carefully, there are some stones at the right sides.
Me: Ok. relax uncle, my license is not kopi o one. (whenever he mentions about stone, I think of ISTONE that he hinted to me before). Uncle, ISTONE still ok? Drop so much lately.
Him: Yes sure, gives you chance to get more, what you waiting for. Market once calm down; then other sector will move again. Don't have to worry.
Me: Wow I love the confident thats given by you. Let's go back to the car showroom.
Uncle: Ok, tell them you still want to consider, I help you order a much better condition direct from JAPAN.
Me: Really? Thanks uncle! haha!
After this test drive session, I think that fundamental analysis and technical analysis also have their weakness, I should not follow blindly and should have faith and confident with company that have good prospect. Another important note to myself.
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Discussions
Be the first to like this. Showing 22 of 22 comments
Felicia changed ID already?
Always uncle.....cannot change to auntie, pakcik, makcik kah?
2020-09-27 16:21
Fundamental analysis shows glove counters overvalued? This analysis from Mc curry or amban? Half baked analysis.
2020-09-27 17:10
Just read today story.
Felicia is a girl name. How come today posting said she has a wife?
Or her wife is a man? Very confusing already.
2020-09-27 17:18
Young man must learn how to do own research and put your research forward.
No point just tell story.
2020-09-27 18:24
Why buy a Recon Alphard? Thought already have millions of profit from uncle tips. Go get a brand New Alphard from Toyota dealers.
2020-09-27 19:05
This is the 2nd time I hear about WHO needs to approve vaccine. That's wrong. The authority to approve vaccine lies with the health ministry of each individual country, not WHO. What this implies is that this entire conversation is all made up by the author. There is no retired fund manager, the author just pluck sources from everywhere to make up a story. Where did the mistake first occurred? It's from the first source which is then repeated here in the imaginary conversation.
2020-09-27 19:15
This author...typically a man...derives pleasure from naming himself Felicia... A Real Psycho.
2020-09-27 21:21
hmmm.....the city that i live in, car salesman dun just pass they key and let u test drive the car around. They normally will follow and b inside the car with u. I really wonder which city is so safe?
2020-09-28 00:39
Yes, technically ISTONE has current strong support technically and uncle knows strongly that although F+T does not always provide the complete story it is prudent to use them as guides as otherwise investors are shooting blindly in the air. Indeed, its great to pick stones now and if it becomes too heavy, unload and bring money home. That's my 2 sens worth.
2020-09-28 15:13
Hmm the posts become more empty air. Now talk about nothing at all. All uncles, gurus now chicken Ady after market rout and glove counters are volatile right now. So next 2 week, go scuba diving with uncle and find glove is waterproof from recession? This rival uncle roger parody I watched in YouTube lol.
2020-09-28 18:39
he is just here with all kinds of writing ,trying to lure you guys buying in his recommended shares. of course he must use some attractive ways..or else no greater fool will come into the trap
2020-09-28 19:18
Buying a second hand vehicle is ok as cars are depreciating assets unlike landed property
Even Warren Buffet bought a second hand car
Now as the uncle also hitting a wall with edgenta the istone is already game over due to initial pump and dump
Better go buy Naim at 74 sen
Naim rock solid is giving a nice 18 sen dividend after asset disposal
2020-09-28 21:12
who u work for????? how much money receive into pocket dy write this story tale??????? hahahahahahahahahaha
2020-09-29 10:08
in this industry pros always knew that certain rules can never be broken or else will really suffer heavy consequences hahahahahahahahaha u lan pa pa lan uncle share so much but everything is morning daylight robbery story hahahahahahahaha u think i will believe it??????? hahahahahahaha show face ma why hide behind blanket oi hahahahahahahahaha
2020-09-29 10:09
Still trying to bluff his stupidity news here....... months ago he was talking positively about UEM Edgenta !!!! Just keep to yourself whatever your UNCLE telling you!!!
2020-09-29 19:46
Another Kiyosaki style posts. I want to see what he can write when TG never go up.
2020-09-30 10:48
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apolloang
your uncle bought edgenta also make a lot? hahaha
2020-09-27 16:11