This JL's method need lots of courage & most of all luck too. Also like all market timing methods, won't work over the long term...as nobody can possibly consistently and correctly forecast or outsmart mart!

My second most influential/favorite book i had ever read!

Buy at or near all time high...one of my favorite strategy...only for speculators & trend/momentum investors!

Most billionaire investors recommend small investors to use the fully invested or at least be almost fully invested at all times method/strategy. A portfolio should be fully stocked up within 3 to 5 years.

Only after 3 bear cycles or minimum of 15years, will we know how good a investor really is.
After 3 years, we will know how good a market timer one really is! Or, should we say how lucky instead?

Well done...but only after 3 bear cycles, or at least 15 years of investing...only then we shall really know...
Wishing all happy and profitable investing!

lol...brillantly funny!

Well done KC, wishing you & everybody a happy prosperous 2015!

Follow the investing "rule" book...

Wishing all a Merry Christmas
and prosperous new year!

The really intelligent ones are those who don't try to outmaneuver markets.
If you see value, just...
If you don't see value, then just don't...!

Billionaire investors like Fisher & Bogle advocates investors to have a well diversified fully invested portfolio of quality and growth stocks at all times. Some of these very successful long term investors even believe that the best time to sell - is never!
How many people have become $billionaires by mart outsmarting/timing? Isn't the long term investment strategy, the most successful method?
In fact, most billionaire stock market investors have warned against mkt timing, as its not only futile but also foolhardy! Maybe that's why they are the wealthy ones, not me!!!

albert88, i'm trying to be a long term investor. I admit that i only have been fully invested in KLSE only since 2010. I believe that to be a long term investor, one should stay invested for at least 10 years. So i have another 6 more years to go before i can...

Investors invest when they see value, while speculators forecast mart directions.. The former are in stocks for the long haul, while the latter are into mart outsmarting/timing!

Yes, investors invest in quality stocks that have good long term prospects. It's the job of the traders and speculators to time and outsmart mart. Investors stay invested through all the up and down swings/cycles, because they believe it's not only futile but also foolhardy that its humanly possible to correctly and consistently outmaneuver share price movements and especially mkt trends.
Thus investing isn't for those who cannot stomach a few years of bearish sentiments.

Over the long term, KLCi always set new highs, that's why it's easier to make money through long term investing rather than timing or trading it!

Catching 'knives' usually only works on quality names, and only after holding 'em over the long term. Otherwise it would be far too risky, or maybe if one is only eyeing quick but small profits. Even Livermore advises against it. But, maybe Mr Teh had actually finally found the secret and correct method?!

Billionaire investor J Bogle, said that he is a investor. and not in the business of timing markets. He added that ""timing markets is the job for the traders and speculators, not investors"". Then i'm too more of a speculator than a investor!

Even billionaire growth investor Phil Fisher, hold many of his stocks for decades. None of this billionaires ever bother to time marts, as they are investors, not speculators, except for of course Livermore.

Almost all the billionaire investors had warned against timing marts. In fact most of then believe that any time is a good time to invest, as long there's value in that particular stock. They concentrate on individual stocks, not the general mart. For them, it's not only futile but also foolhardy to believe that anyone could possibily consistently and correctly time or outsmart mart.
I can only name one man who became a billionaire through timing markets, J Livermore - and he was a speculator not investor!

Some long term investors believe that some of their stocks are to be kept for at least 50 years!

Ever since the establishment of the KL stock mart, those who practised the fully invested in quality stocks throughout all the up and down swings of the KLCi,had mostly found it worthwhile. Or, at least not had to endure as much anxiety, angst, fear, stress...as those who believ that they can consistently and correctly time and outsmart mart! I believe the reason why so many investors make losses, is because most of'em practises...you know which one of the two methods/strategies i mentioned!

The man who managed to forecast 12 of the last 2 mart crashes, lol!

Good luck to you too bsngpg, also to optimuss and everybody else!

optimuss, now we know why 'king' of emerging markets M Mobius and Sir John Templeton got it so wrong!

Yes it's nice to meet you again Mr bsngpg. If you had been fully invested since 1999 in those 4 counters, plus Pb Bank, Misc, KLKNestle, DLady and even MAS - you should be able to keep and forget about 'em till today, thusenduring much less stress than those mart outsmarters.
I'm fully invested in stocks since 2010. I'm essentially a 'eclectic' investor using many of Livermore methods to pick and sell stocks, and i wonder why many call me a speculator - lol!

Staying fully invested or at least almost fully invested at all times, could be as rewarding as trying to time/outsmart mart's tops and bottoms. At least for sure, it's so much less stressful!
I also believe most $billionaire investors advisesagainst mart timing and dodging in and out of stocks, as it's futile and foolhardy to believe anyone could possibly consistently and correctly outwit marts.
So long term investors should not bother to...it's more for the shorter termers or speculators!

Livermore's many downfalls are mainly due to his multiple personal problems and departing from his own set of speculating principles. But i believe even if Buffett were to be beset the same kind of personal challenges and 'misadventures' as JL's had, Buffett wouldn't go bust, not even once! That's why i choose investing.

Many 'eclectic' investors adopt many of Livermore's methods in stock picking/selling - as much of his market principles are still relevant even today. Nowadays, almost all billionaire mart players, are investors, and most of 'em practices the value investing.

WOW, how to respond...i'm truly humbled!

kls..., free only if not a icap investor, lol!

tq-tq for all the sharing & such openess, Mr LKL!

""For without failure, we learn little"" - no wonder i have yet much to learn, lol!!

Just don't bet against a bull trend, because all bull runs end only when the last buyer has bought & also when the last buyer capitulates!! Be a long term contrarian investor like Buffett, not a contrarian speculator.

How true nothing has changed! The financially savvy & powerful elites continues to get wealthier & even more wealthier, while the vast majority continues to struggle just to make a decent living.

kls...you are a genius!

Yeah, anyone still want to buy more than 1,000 shares...?!

Well done!

I think most of TTB's supporters worship $$$ more than him, thus so lonng as he able to make money for 'em, he can count on their loyalty!

I tthink many investors of iCap are just being grateful to TTB,they might be what he term as 'old fools', but his loyal and faithful supporters are definitely no 'great fools'! As i'm sure they love their money more than TTB.

Unlike migrating to another country or changing our jobs, it's so much easier to switch our investments to any one of the more than 1,000 counters listed in Bursa. If TTB continue to disappoint his investors, just a matter of time before his most ardent supporters would abandon him!
By the way, i own 100 shares in iCap.

What if one had been fully invested in stocks like Tenaga, Telekom, Nestle, F&N, Public Bank, Maybank, MIS C and yes must include a lemon like MAS - since 1993? Even after going thru 4 mart crash in 1994, 97, 2000 & 08...Could anyone possibly time, forecast and outsmart all those ups & downs correctly & accurately? Still believe you can time your entry & exit to perfection?!
Almost all the ultra successful investors had said it's not only futile to time marts, but also foolish!!! Most of 'em advises/advocates the at least fully invested at all time method/strategy.

So far those who dare to bet against this current uptrend since 2009, had been severely... All bull runs end only when ""the last buyer has bought"" & ""when the last bear capitulated"" - not bcos of economic fundamentals!
People who really have lots of money, made their wealth from marts thru llong term investing, riding out all the up & down swings...not by timing/outsmarting mart's peaks/bottoms! In fact, most billionaire investors had warned against speculating on the timing of trend reversals...it's not only futile, but also foolhardy!!!! Concentrate on individual stocks, instead of the mart as a whole is their general advise.

A investor job is to invest, while a speculator job is to - forecast mart's tops/bottoms!
I respect TTB, as his investment record...much-much better than mine!

Investors invest in quality stocks for the long tterm, they should not be trying to time or forecast mart's tops/bottoms. It's the job of the speculators to outsmart marts!

The danger and folly of trying to time bearr...Concentrate on individual stocks instead of trying to outsmart the whole mart!

Wish i could be as charitable as u CP, maybe one day...

If one can make a living off stock marts, they don't have to sell courses or regularly organise paid talks.
People like Bogle and Buffett, help others by selling their methods and knowledge by selling us their books. I learnt of marts the most from the book Reminiscence Of A Stock Operator.

Trade in good fundamental stocks for small profits, or invest in 'em over the long term for...

All bull marts end only when the last buyer has bought, and the last bear - capitulates!

This current penny stock rally is nothing when compared to the Second Board bull run back in the mid90's. Then those up and down swings, was really wild and volatile to the extreme. Almost every 2nd Board counter share price, was push up to at least RM10 and a few even beyond RM100!
Those small timers who had managed to make money trading/speculating in those then 'hot' stocks back than, should find it easier to...only wiser and risk less this time around. While those enlightened ones, would have had abandon punting stockks altogether and turned to investing in boring but quality names instead.