This requires a disciplined approach and homework on the part of the investor to harness the power of compounding. Compounding works for you, both in bull markets as well as bear markets.
Calvin First Recommended PM CORP ON SEPTEMBER 20TH 2013.
PM CORP'S PRICE WAS THEN 15 CENTS. AS OF NOW PM CORP IS 28 CENTS
UP A SUPERIOR 86.6%!
BEATING WARREN BERKSHIRE HATHAWAY AT 25%
ALSO BEATING PETER LYNCH'S MAGELLAN FUND AT 39%
Calvin never claim to be smart. Just a student learning from All. All men are my Teachers!
Now You Claim to Be Triple Smart. You Have stated that PM Corp is worth only 14.4 cents. You have erred by a Big Margin. And you have touted Dutch Lady as superior.
Now Let's examine Dutch Lady
ON SEPTEMBER 20TH 2013 DUTCH LADY PRICE WAS RM46.66.
DUTCH LADY NOW IS RM46.80 (Up 0.0042%).
THESE FIGURES SPEAK OUT LOUDLY FOR ALL TO SEE!
Don't Be A Smart Alex! You Have Led Many Astray To Holland!
i3smart is raider regular sparring partner in investlah....!! Raider agree that compounding is a powerful investment tool...!! But if u overpay.....the compounding.....would not have the desired impact loh......!!
Just like what calvin.....has mentioned in the case of dutch lady at rm 46.66 in sept 2013....!!
calvin, actually raider not much smarter loh....!! It just that....raider dare to explore new opportunities or newer stocks or smaller caps stocks compare with 3i just sticking to same old overvalue bluechips mah.....!!
For all investors....if u stick to margin of safety investment principle....u can buy any type of stocks.....when there is huge margin of safety mah....!!
Among my Johor Buddy There Is One Very Smart Guy. Mr. Ong
He bought KPS at RM1.20 & Sold all at RM2.20 (We bought KPS at 45 cents & sold all the way up to RM1.20. We sold too early). KPS went on to a high of RM3.94 before retracing.
This year he bought Sumatech at 30 cents. Sold all at 80 cents first round. (Suma high was 82 cents.) At 27 Cents he bought Sumatech again. Don't know whether he has sold this 2nd Round or still keeping.
When We Took An Interest In ASB at 14.5 cents. ASB shot up to 27 cents in weeks. Mr. Ong bought ASB Lb instead. He said 2 ASB loan stocks if combined becomes one ASB shares. Plus they also pay interest on ASB loan stock. Smart move.
Now I know why Raider bought ASB loan stock instead. See, this is really smart - buying undervalue shares with extra - interest payment to spice up.
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....
Bruce88
1,130 posts
Posted by Bruce88 > 2014-08-29 08:56 | Report Abuse
No doubt Hapseng is a very good company, but no easy task to find another one !