ks55
Yes, will vote with my legs.

ks55,

Thanks for showing me my opportunity cost.

MG9231,

Thanks for your concern. I can see clearly now. 11 years and Compound Annual Return (CAR) of 6.6%. Better invest in ASW/ASM. Enough of being called a donkey.

"Adios, TTB."

nhy6,

I have 200,000 icap shares accumulated since 2005, average price is 1.81, making paper capital gain of 2.8% (share price) and 6.6% for NAV for 11 years.
Am I doing the right thing under TTB?

nhy6,
I have 200,000 icap shares accumulated since 2005, average price is 1.81, making paper capital gain of 2.8% (share price) and 6.6% for NAV for 11 years.
Am I doing the right thing under TTB?

I am a icap shareowner since 2005 and have collected 200,000 shares @ average price of 1.81. So, my capital gain is 2.37-1.81 = 0.56X200,000= 112,000 for a 30.9% capital gain (112/362*100).

NAV = 3.13. So, my NAV gain = 3.13-1.81= 1.32X200,000 = 264,000, a potential gain of 72.9% (220004/362000*100).

After 11 years, my rate of return is 30.9/11 = 2.8% (share price) and 72.9/11 = 6.6% (NAV).

How is my investment under TTB?

Excellent article. Excellent Food for Thought.

One wealty US businessman in the early 20th century advised his young salesman nephew to always travel and stay 1st class because he would get to meet the richest and most successful people whom he could learn and earn much in his starting career. Sure enough this salesman became very successful in his business and he advised those who can afford to buy the best and most expensive items e.g shoes, watches or suits or whatever. Say you can afford $100,000 for a watch and the nearest price you can get is $98,000. Buy it, don't settle for another lesser price of RM90,000. The reason? If one can afford to buy the best, why settle for anything less? After all, you can AFFORD it. Don't be stingy. Further, the best item will last and last (Think Rolex, Louis Vuitton, Mercedes, etc). Don't be penny wise, pound foolish.

Yes, don't be a slave to money and suffer. Be a master of money and live life to the fullest in our own individual way as long as we CAN AFFORD it after taking all things into consideration.

One thing most inveators fail to understand is that TTB is very stubborn in holding his investing discipline i.e if there is nothing undervalued shares to buy, he won't buy even if you point a gun at his head. This rare trait makes him very controversial in the last few years when CLIM and some shareholders were getting impatient. Why is keeping plenty of CASH for future opportunities bad? Yes, his Parkson fails big time but who is 100% correct? Icap makes money from recent Wellcall, Vitrox and PIE sales. His Padini and F&N (just two examples) have been winnesr since 10 years ago. You buy icap for long term (>10 years) capital gains not for dividends or short term ( 1-3 yrs). Don't grudge his fund fee of 6m per year. Conservative investors pay him to sleep soundly and not to lose hard earned money. Not everybody can invest and make money in Bursa Malaysia.

If TTB is such a poor fund manager, why is CLIM a substantial shareholder (15+%)? They find value in icap, isn't it? Why didn't CLIM buy HLI, Padini, Dlady, Panamy, AAsia, AJI, Tguan or some recent shares that have gone up considerably the last year or so? They would have make handsome capital gains. Instead, they keep accumulating Icap and want to kill the golden goose to get the golden eggs!

What is TTB's fee rate?

TTB ask you to buy and keep for 10 years. Long term, remember? Not fly by night. 2005 = 1.03. 2016 = 2.33. 2026 = 5.26.

One sure way for old and new investors to make money is to buy and keep regular,boring good dividend paying counters, with Dividend Yield @4.00-5.00+ e.g. Apollo, Perstim, HAIO, Padini,PIE, Amway, HEIM, Carlsbg, Magni, Cscenic, Kmloong, Aji, Dlady, Panamy, F&N, Bstead, BPlant, to name a few examples and you won't go wrong. I am speaking from 30 year experience. Forget about so-called asset rich, growth and speculative counters. You are the best fund manager, not any unit trust fund manager, friends or family members.

Last but not least, learn from kcchong. I did and still do.

What crash? People who bought Padini, Dlady, Aji, AAsia, HAIO, TGuan, Scientx, Cscenic, Magni, SAM, Panamy, etc, etc all make money since last year or two when oil and ringgit crashed. It is WHAT you buy that is important.

About 1 year ago, in November, KCChong wrote about Padini being a good buy@1.60.

Very informative. A must read for all serious investors.

Foreign share holdings up from 26%(2015) to 29%(2016). Mat Salleh conned by TTB or they find TTB world top 5 fund managers?

Dlady, don't play play!

TTB will have his day.

Padini good dividend paying counter.

Maybe bad QR. Nowadays, bad QR everybody sell like mad.

Padini is a dividend play = good investment.

Reaction to Sunday Star 14/8/16 Focus Report.

Special or increased dividend is good news not bonus shares.

oldd,
For good dividends, buy Apollo(500 shares), Perstim (500 shares), HaiO (1000 shares) and SAM (400 shares). For Net Asset Value, buy icap(1000 shares). Disclosure: I have these shares bought lower than current prices.

Jonathan Keung,
Correct. Always keep the winners but sell the losers.

murali,
Yes, plenty sine IPO days and add over the years. Average @1.82. Still in the money. If liquidate worth 3.05. Okaylah. But I am open to forummers' recommendations like Icon8888 (Aji), KCChong (Magni, Scientx, SAM, Padini,Perstima, Apollo,etc) plus my own study (UPA, Panamy, Dlady). Keep some FDs and ready cash for future oppportunities. Keep reading i13 articles,views. Win-win situation.

My strategy now is to keep some cash for any big market fall and buy more of my winners if they drop badly and value emerges. Why abandon winning horses?

murali,

TTB

ipomember is corrrect re share fundamnentals. Crash or not if the company is strong, the business will not be so much affected e.g. Nestle, Dlady and Panamy. These solid companies keep paying good dividends because of good profits. And their prices keep going up. So if market crashes, and their prices go down, it won't go down that much. You can buy more since it will be cheaper. No need to sell good counters especially those paying good dividends.

In December 2014, I sold off all my shares (mostly good) because one top local value investor said crash/recession is coming soon. I regretted my decision because 6 months later the market shot up! I jumped in and bought back some of the good shares I sold. Though I bought them at a higher price, I am glad they have since gone up e.g. Dlady, Panamy and Padini. I also bought Scientx, Apollo, SAM and Aji.(Of course I also have some losers). If I have kept cash and wait for the crash, I would be losing out even with 4% FD.

So, don't sell blindly.

All the best in your endeavour!

Roller-coaster share.

Minimum 100 shares can go for meeting.

I support English because I am a Malaysian.

Congratulations, Calvin on your achievement!

What cheating? His list is for July ex date.

Calvintaneng says oil palm stocks bullish 2016-18. He says buy now and keep.

Thanks Icon8888 for Ajinomoto write-up on 3/12/15. Bought at 7.31. Still keeping.

Dlady I bought at 52.00 April 2016. Will keep forever.

muscle,
He is asking you to buy FAVCO, HEVEA, TOPGLOV, SCIENTX and PBANK.

Strong support at 7.88

As I have thought and now confirmed by Icon8888 the difference between KC Chong and Icon8888 is that KC is a long term value investor whereas Icon8888 is a short term value trader. Both see value in potential stocks and do their respective analysis Only difference is one holds for longer (more) gain while the other is happy with quick (less) gain.

One is a tortoise, the other is a hare. You know who the eventual winner is.

A very provocative article that invites much intelligent discussion. We can learn much from it. Thanks, Icon8888.

Intelligent investing.

Bonus issue does not increase share value,only make its price cheaper i.e. more marketable.

Goinvest,
Use analysts' targets as rough guides. Yes, it is good to average their targets. Whatever targets, have your stop loss and target sell. Analysts' targets may not be met since the future is not fixed.

All the best!

Goinvest,

Every time you buy at different price, the cut loss or stop loss changes e,g for 4.79 at 5% stop loss it will be 4.55. At 4.61 it will be 4.38 and so on. You also set a target to sell at 5% gain. So, at 4.79 when price goes to 5.02(+5%), just sell for 0.23 gain.

For averaged prices, do the same for +5% or -5%.

Topglove at current violatile prices is good for trading purposes.

I am not an expert in trading but I know the principles involved. I am more into long term investment. I set a stop loss when I trade occasionally. Discipline is very important in trading. You must follow the stop loss or sell target. My 5% is only an example. You may use lower or higher % according to your risk appetite.

Happy safe trading!

Goinvest,
Of course cut loss is losing money but limit the loss. Cut loss is for trading purposes. If you buy blue chips (good counters) for investment (long term), then the day to day prices do not matter. Always ask yourself: why do I buy this share? For investment? For trading? Trading involves emotion. Investment ignores emotion.

If you buy Topglov for investment reason, then keep it. After averaging down satisfactorily, then keep it long term (1-3 yrs. Forget about the daily prices. You must have bought it with a future target of 6.00 or more according to PER. So, stay with your conviction.

Goinvest,

I think you should have a cut loss target if you are trading for short term (1-3mths). If you have bought @5.00, say your cut off point is 5%, so you sell at 4.75. If the price goes up after that, too bad it's part of the game. But if it goes down to 4.50, you avoid further loss i.e you save 0.25sen. This requires discipline.

Goinvest,

If you don't need the money short term (1-3mths), just hold on to your investment. If you can't sleep becos the share keep falling, then cut loss even tho it is painful. That's why you must set a cut-off point as exit if share price goes down too much e,g if you buy @5.00, sell when it goes down to 4.80 (-4%). Set stop loss @ 5% or 10% according to your comfortable loss level.

Recently, I took profit of Topglov @5.09 (5.09-4.65 = +0.44sen), bought back yesterday @4.79. Then it went down (free fall.). My cut loss is 5% of 4.79 = 4.55. So, I am still holding at current price.

Hope I am of help.

BWC,
Thanks for your humble advice.

Agree with ckwan11d, BOD should declare dividend as sen per share. No confusion.