good morning...It did occur to me to sell off the portfolio in early January (when Wall Street started tanking) and stay away for a few months...Not bad for a few weeks work and 15 -20% return. But I didn't. I got catch up in my own writings The take away lesson.....everyone is a trader pretending to be an investor.
It is very difficult to be a trader when one is writing about investing, and very difficult to be an investor when one is always in i3., writing about trading.
at the end of the day, everybody gets mediocre results because to get superior results, one has to be stubborn and right.
to be stubborn and right, wins big to be stubborn and wrong lose big. businessmen like KYY tends to be stubborn.
academicians, bloggers, portfolio managers, CFAs, traders...these are not stubborn people, they have no guts to be stubborn, they don't have what it takes...I included...the only free lunch in town is to be diversified.
I read one article some key factors are developing and when too obese will turn down Crude Oil to USD7 ............ I read I also scared although I "hope" it will never happen
At the end of the day, the only members of the public who makes money from the stockmarket are people like my wife. She probably makes two or three transactions a year, only focuses on shares of the highest quality. Told me specifically not interested in any of the shares promoted by the i3 people...KYY or Icon included. Doesn't like shares that go up and down. Bought a fair bit of IGB Reits recently When oil price came down to US$ 28....she says she wants to buy SK Petrol but I discouraged her.
Usually big shot earn big money jz 2-5 transactions per year....and the volume and trend is significant.........
everyday trade quality drop hence, lose more than EARN and consume energy........
I think there are many discipline traders earn big money from Icon/OTB/KYY comments also....depend on how discipline .....
Posted by Desa20201956 > Feb 1, 2016 09:54 AM | Report Abuse
At the end of the day, the only members of the public who makes money from the stockmarket are people like my wife. She probably makes two or three transactions a year, only focuses on shares of the highest quality. Told me specifically not interested in any of the shares promoted by the i3 people...KYY or Icon included. Doesn't like shares that go up and down. Bought a fair bit of IGB Reits recently When oil price came down to US$ 28....she says she wants to buy SK Petrol but I discouraged her.
your wife is smart, your son doing well, you must have done well in your career
that is why you approach this public forum with an elite mentality
you have shut yourself down, no more capable of learning, because you have very high regard for yourself and your family (which btw, I would like to send my warm regards and best wishes)
I am different, I absorb i3 forum members' wisdom like a sponge absorbs water
I learn many many things from different forum members
have a nice day
Posted by Desa20201956 > Feb 1, 2016 09:54 AM | Report Abuse
At the end of the day, the only members of the public who makes money from the stockmarket are people like my wife. She probably makes two or three transactions a year, only focuses on shares of the highest quality. Told me specifically not interested in any of the shares promoted by the i3 people...KYY or Icon included. Doesn't like shares that go up and down. Bought a fair bit of IGB Reits recently When oil price came down to US$ 28....she says she wants to buy SK Petrol but I discouraged her.
icon, my portfolio down -2.7% now, I am really poor compared to someone -12%. kesian me sikit can? Don't always use vulgar language personal attack me. I nak cari makan only
i pity you because of your character and personality, not your portfolio
it takes a lot of foolishness to be able to behave like you, especially some one who believes in buddhism
Posted by paperplane2016 > Feb 1, 2016 10:10 AM | Report Abuse
icon, my portfolio down -2.7% now, I am really poor compared to someone -12%. kesian me sikit can? Don't always use vulgar language personal attack me. I nak cari makan only
I put it there for discussion lah, bro... stock god stock ghost what is the relevance ? can eat meh ? most important your own wallet happy mah... everything else is BS...
whatever it is,tq icon for your postings,quite informative,keep it up but please hold fast with your conviction ,don't be like some bloggers who sway from their purpose after their conscience being hijacked by greed n employ pump n dump tactic.Don't worry about those critics because they like salt in the dish,without them the dish you cook will taste bland,right?lol
I agreed with your point of investment diversity, and I'm still a strong believer of export counters due to benefit from low material cost and local low demand concern.
The revocation of Iran sanction, which have threatening saudi's position. due to keen of US commitment, Saudi would continue to hold they market prime as strong as possible, cutting down the oil supply seem hard to happen unless the agreement signed among OPAC and don't forget Saudi oil cost is just about 5 dollar. hence, I believe the oil price will be sideway move for sometimes.
The ringgit although do strengthen abit, it is still good for export counters.......bcos msia still competitive based on currency.
Our nearest competitor BAHT, is at around baht 35 v USD 1 whereas Msia Rm 4.14 v USD 1
This mean Msia still have huge price advantage in short term loh....!! Msia political situation still no good....the current development still look like window dressing only mah.....!!
Raider see even Ringgit move towards Rm 3.80 v USD 1.....the export counters still can adjust & compete efficiently loh.....!!
The strategy why u buy export counters, is bcos it is a proxy.....to move your monies oversea to hedge agst msia mah.....!!
The problem is some of the export counters price move too much ahead, this trigger profit taking mah....!!
Still raider suggest undervalue export counters & not to overpay loh...!!
I’m married. Marriage is about commitment and patience. Marriage is not for the impulsive or the fickle. There are going to be ups and downs, good times and bad times. Through all of that, I firmly believe marriage is ‘worth it’ a million times over.
What does marriage have to do with long-term investing?
Keep reading to see why commitment matters in marriage, and in your investment portfolio.
In marriage, you get to build the deepest relationship of your life. All the little (and big) nice things you do for someone else are added to the ‘love bank’. These little deposits grow over time. You get the interest on your investment through reciprocity; the person you love most in the world doing little (and big) nice things for you.
The draw of marriage is building a deeper, longer bond with one person than you will with anyone else. That is very special.
Society knows marriage is special. That’s why getting divorced is a difficult process. You can’t just tell your spouse ‘we are divorced’ and be done with it. When you give your life-long (and legal) commitment to someone, you can’t just walk out the door with no strings attached.
What if we approached owning our stocks with the same conviction? That’s what long-term investing is about.
“People have a way of looking at me strangely when I tell them that long-term investing isn’t about having a great system, or a superior analytic intellect, or better access to information, or even the best advice money can buy. Long-term investing is about character, about depth of vision and the cultivation of patience, about who you are and who you’ve made yourself to be”
Phil Fisher, called the three-year rule. This is what the late Mr. Fisher had to say about this topic:
“While I realized thoroughly that if I were to make the kinds of profits that are made possible by [my] process … it was vital that I have some sort of quantitative check… With this in mind, I established what I called my three-year rule.” Fisher adds, “I have repeated again and again to my clients that when I purchase something for them, not to judge the results in a matter of a month or a year, but allow me a three year period.” Certainly, there will be situations where an investment thesis is wrong, valuation explodes, or there are superior investment opportunities that will trigger a sale before the three-year minimum expires. Nonetheless, I follow Fisher’s rule in principle in hopes of setting the bar high enough to only let the best ideas into both my client and personal portfolios.
As I have written in the past, there are always reasons of why you should not invest for the long-term and instead sell your position, such as: 1) new competition; 2) cost pressures; 3) slowing growth; 4) management change; 5) valuation; 6) change in industry regulation; 7) slowing economy; 8 ) loss of market share; 9) product obsolescence; 10) etc, etc, etc. You get the idea.
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....
Icon8888
18,659 posts
Posted by Icon8888 > 2016-02-01 08:40 | Report Abuse
poor paperplane.... every time I see you, I will think "poor paperplane..."
I always feel so lucky I am not a person like you...