My apology if I am being too straight. Buying based on recommendation from uncle and friends are bad investment process, regardless of how 'so far so good' the performance is. Do that long enough, you will not survive.
Ricky, this not normal uncle. He has more than 30 years as remisier. My friends are not normal friends ;-). They have been active in stock trading for many years. Anyway, check the portfolio I posted nearly 3 years ago without any change and dividend update. https://klse.i3investor.com/servlets/pfs/4203, profit remain 110%.
Thanks for your kind word, Ricky. I understand where you are coming from. I have spent time in fundamental analysis behind the scene before putting out recommendation. Some of the uncle's recommendation like VS, Inari were posted many years ago in my blog even before OTB and KYY recommended it. The have grown over 500%. I can say that his insight of any company is far beyond what you can imagine.
Thanks for the reply chinesetea. My concern is not with your uncle or friends nor has anything to do with how good or bad they are (even if one of them is Warren Buffett). The key is you taking their recommendation without knowing their thought process.
“You’re not going to win by trying to get what the next tip is – what’s going to be good and what’s going to be bad. You’re definitely going to lose.” - Ray Dalio
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....
Ricky Yeo
1,637 posts
Posted by Ricky Yeo > 2017-08-26 06:59 | Report Abuse
My apology if I am being too straight. Buying based on recommendation from uncle and friends are bad investment process, regardless of how 'so far so good' the performance is. Do that long enough, you will not survive.