*****
Investing basics.......and oil crisis
Previously, I talk about value investing running the risk of becoming dead shares investing.
https://klse.i3investor.com/blogs/qqq3/224899.jsp
Ian Tai wrote an article in defence of value investing and 5 mistakes of investors..............
https://klse.i3investor.com/servlets/forum/600224940.jsp
In reality the biggest variance is the decision making process..............................................not what is written.
some needs a lot of information and still cannot decide....some can make fast decisions...
"people want to invest, they want to be successful.......they need to have big dreams, and grit....and of course, knowledge and mind set."
We should define investing as buying into a company that grows and grows, then it makes perfect sense and that is also how in reality most people become successful through investing. And we should define every thing else as speculations/ trading.
If we define investing as buying into a company that grows and grows , then we must give sufficient time for the company to do its magic. ..and we should have no expectation whether it is up, down or sideways in the very short term.
People will continue to write millions of things about stock market, about mistakes and rules.....no need..........at the end of the day, stock market is about decision making, about the decision making process, about individuality, personal tastes, patience or the lack of it, stupid patience and smart patience....................but first of all don't fall into value traps.
Drone attack and oil crisis
Oil crisis is usually quite bearish for stock market. Further, this is the worse possible time for an oil crisis . Reason being already weak and uncertain world economic conditions..
If you are holding shares in any thing other than Oil and gas and technology, I think you can forget it.
If you are holding property shares, construction shares, bank shares, consumer shares, airline shares, I think you can forget it.
If you are holding Hengyuan and and Petron, I think you can also forget it............People think last time hurricanes in Caribeans destroyed refineries and Hengyuan went from $ 8 to $18 so can buy Hengyuan now. I say no.....What is destroyed in Saudi are oil production facilities, crude prices will shoot up but refineries margins not affected and may come down as the higher production cost cannot be passed to customers due to the weak economic conditions.
If you are holding OG counters such as Armada, Dayang, Carimin, Hibiscus, you may hold on as good speculations and trading options.
If you are holding technology shares such MI and also Serba, you may also hold on as you expect these to keep growing and growing. Individual research required.
More articles on *****
Government of the people, for the people by the people............Malaysia, China.
Created by qqq3 | Sep 25, 2019
Companies benefiting from tarifs on China...........................................
Created by qqq3 | Sep 23, 2019
if HK don't reform and love mother land...poverty and extinction awaits them.
Created by qqq3 | Sep 18, 2019
Discussions
Be the first to like this. Showing 18 of 18 comments
sslee...I not you....U look at a person's wealth....high praise, low step on him....
I different...I look at what is written....like China, 30 years ago poor now rich....future even more rich......direction important. Where come from important, where going important.
don't be like guailo, only know how to criticise China.
2019-09-17 19:08
Icon's TSMC................that one my cup of tea.....................
look at last 5 years chart TSMC........investing is buying a share and it grows and grows....quality first.
5 years ago 20 now 40...........and the company will grow and grow, being the main beneficiary when Huawei cannot buy from American companies, buy from TSMC lah.............
in any case they are even ahead of Intel in 7 NM chips..........
2019-09-17 19:17
ss
I just came back from cycling. U want to trade well, start cycling............
2019-09-17 19:36
Hahahaha
qqq3 glad to know you enjoy cycling, but take care when the air quality is bad.
Magni-Tech Industries Berhad by kcchong is example of how a good analyst report should look like.
Respect is not earned by your past success or how rich you are. It’s given to you as everyone deserved respect unless you have proven that you do not deserve the respect by your deceitful conducts and yours disrespectful for others/different opinions.
To be truthful to you, your many past and current conducts were/are deceitful and yours disrespectful toward kcchong draw many disdain views on you. Hope you can change to be a better person and be respectful.
2019-09-17 20:14
London Biscuits?? As long as u have more money in your winners, less money in your losers, you will surge ahead.
A tip for u, ....as long as u keep losses small, a few big winners a year u will surge ahead...............
2019-09-17 22:09
sslee..................I think kc chong is a very good example of what not to do............That is why I like to refer to kc chong.............understand?
2019-09-17 22:10
today, I saw people wearing masks walking, jogging, cycling...I don't bother.
I want to ask u.....cycling in the forest, hillside forest with excellent views good protection against haze or not? Higher up got less or more haze?
2019-09-17 22:19
.I think kc chong is a very good example of what not to do............That is why I like to refer to kc chong.............understand?
KC is a value investor with all the risks and limited benefits of a value investor. And in term of economic conditions, economic cycle, this is not time to be a value investor.
In stock selections, I like to choose stocks based on people, business and numbers.....in this order. Its business sense. Sometimes, actually often, I like being a contrarian...............Contrarian, difficult to teach. Numbers easy to teach.
2019-09-18 09:09
Hahahaha
Qqq3, your London Biscuit hit new low today dare to add more as contrarian or already cut loss. Kikikiki
2019-09-18 10:05
London biscuit still got at 16 but small portion of total portfolio......having sold half several weeks ago at 14....
London very interesting but no access to the books, I would not know a lot....
there is some frauds...how big is the fraud, I would not know
did they manipulate the accounts ...reasons to manipulate the accounts? $ 300 million debtors, how much is recoverable? The role of the affiliated company...to inflate profits? or to siphon profits?
I bought some at 11.5.............
2019-09-18 10:14
Hahahaha,
Qqq3. LB like many other fraud case will be suspended then delist. You will loss all.
2019-09-18 10:21
ss...my MI unrealised profits already more than my total exposure in London................................
2019-09-18 10:43
further not all PN17 cases ends with bankruptcies and or delistings................ok.....even if bankruptcies and delistings, they journey from here to there is not a straight line...............
2019-09-18 12:59
KC is a value investor with all the risks and limited benefits of a value investor. And in term of economic conditions, economic cycle, this is not time to be a value investor.
after a prolonged bear market, when even brand names are in multiple year lows and signs of economic recovery, that is when people talk about value investing.............................................not now....now, not the time.
2019-09-18 17:59
now any so called value investing is no different than any form of speculating/ trading....better describe the situation correctly.. so can trade properly.
2019-09-19 09:43
If I had crystal ball when I wrote this article, I could not be more correct....only OG shares and technology shares can buy....the rest no need waste time..................
2019-09-19 14:41
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
Hahahaha
qqq3 the top notch snake oil salesmen. Talk very panlai but only talks the talk but does not walk the walk. (Pity if he talks the talk and walk the walk, he should be like Philip a multi-millionaire by now) Ask him how long he holds to his gruesome stocks? How is his London Biscuit? Hard selling you Armada, MI and Serba??? Kikikiki.
By the way congratulation on your Armada but remember to dumb dumb hold!!!!
https://klse.i3investor.com/blogs/kcchongnz/51356.jsp
How about Magni-Tech Industries Berhad recommended by kcchong?
2019-09-17 18:06