Posted by AREBEAR > 2011-09-23 08:40 | Report Abuse

287% in 13 years.... Airasia from march 2009 to july 2011 close to 300%

Posted by calvinkho > 2011-09-23 09:34 | Report Abuse

does the compound annual growth rate of 10.1% is good enough compared with the risk premium? i think is a poor strategy...

Posted by WONGTONGGUAN > 2011-09-23 10:10 | Report Abuse

are you mean from 1/3 of RM17-18K, it grew to RM60k with penny stocks?

Posted by carries > 2011-09-23 10:34 | Report Abuse

I have to admit that i was very lucky on some counters selections

Eg. I originally bought KCHB (Kedah Cement) @ RM1.21 in 1998 but something was happening to the stock and in Feb 2000 i sold it and bought YTL Cement @ RM2.60.
That 1 lot YTLCmt in 2000 became 4.16 lots today just by passively holding it ....
Amcorp became AMMB plus Cash
NSTP became Media plus Cash
And the list goes on ....
(I still have all the original contract notes)

Recently, i readjusted my portfolio because i also had Sindora (1 lot became 1.067) and EPIC (1 lot became 2 lots)
So i decided to sell early and change counters ....

Luck also played apart ....

I did research the Passive Buy and Hold Strategy and there are alot of "gurus" who say that this strategy does work in the Long Term .....

Posted by carries > 2011-09-23 10:39 | Report Abuse

Forgot to add ....... my dead counters include :
Pan Global, Rekapacific, Gula Perak, Sri Hartamas etc.....

Posted by carries > 2011-09-23 13:28 | Report Abuse

Opps it was AMFB that became AMMB (on 10/3/2005 and was called AHB then)and cash payment was RM3.90 per share
I think Amcorp only paid up cash when it was privatised

Also i sold KCHB @ RM2.40 and only topped up RM200++ when i changed counters ....

Note : I normally immdediately sell something and buy something else .... Eventhough i normally go in too early (or too high) on a buy, it doesn't make much of a difference to me because, to me, i'm not really using money on the trade. It's just an offset.

(Mr.Wong, my YTLCmt shares are almost enough to recoup the entire initial outlay i spent on building this portfolio, the rest of the shares are just icing on the cake ......
Although the current price is dropping like a stone, i am still holding on to those shares .....
I credit it to "pure dumb luck" or beginner's luck ....)

Posted by cpteh > 2011-09-23 13:37 | Report Abuse

Honestly, longer time frame is good. But, knowing to SELL when it is peak ... how about keep ALL your cash NOW and when market collapses, BUY like no tmr and HOLD till you laugh? Seriously, your strategy flawed in many ways but if u r happy with it and also GAINING you money, why not? cheers.

Posted by carries > 2011-09-23 14:08 | Report Abuse

I admit, my stategy is flawed in many ways and i think i need to point out that when i used this strategy, the the Index was fluctuating between the 300-500 level.
This strategy may not work at today's market levels ......

Posted by sakurako > 2011-09-23 23:31 | Report Abuse

If based on RM17.5k until today RM60K, your average return is 10% I shall say not too bad neither too good...

Posted by sakurako > 2011-09-23 23:32 | Report Abuse

If 17.5k/3 = 5.83k then your average return will be 20%, slightly away from warren buffer 26% :)