Posted by Jon Choivo > 2018-10-25 14:26 | Report Abuse

I don't judge by portfolio. But by thinking and thought process.

Yours is very lacking and weak.

I KYY also fire not a problem.

While a friend with less than 20k portfolio, when he talk, ill listen and discuss with him.

Your brain really is muddled honestly. You need to go do something else.

======
Posted by qqq3 > Oct 25, 2018 02:24 PM | Report Abuse

choivo, so u think I write rubbish because I say my portfolio is small?

well, I rather prefer everyone here think I am a small guy.....less pressure on me.....


I am not looking for business after all....

Posted by qqq3 > 2018-10-25 14:31 | Report Abuse

Should add.....Addiction to US$ is the new opium.......China need to quickly get out of the US$ addiction......I believe one day China will be able to say to Americans....sorry, you need yuan to buy stuffs from China.

Posted by qqq3 > 2018-10-25 14:36 | Report Abuse

choivo, as long as u are judging by what I write....I got no problem.....

I am good enough to know myself.....

Posted by qqq3 > 2018-10-25 14:38 | Report Abuse

I am not here to convince chiovo or bear....I am here to entertain myself....and of course, I am confident of myself....

Posted by qqq3 > 2018-10-25 14:41 | Report Abuse

do whatever u want chivo....u want a good image a value investor image.....go ahead.....

I just want to know how long u can last........lol....

Posted by Junichiro > 2018-10-25 15:15 | Report Abuse

In trade wars , everyone loses. As one economist in US admitted, China is not so dependent of US as the US would like her to be.

Posted by qqq3 > 2018-10-25 15:21 | Report Abuse

rationalising and confirmation bias.......

everyone is entitled to their rationalising and confirmation bias.......

but who can do critical thinking?

Posted by qqq3 > 2018-10-25 15:28 | Report Abuse

Bear Market > Oct 25, 2018 03:20 PM | Report Abuse

Answer : So nobody loses then! You said in trade war, everybody lose but then you contridict by saying china not so dependent on US! So you are saying this trade war is meaningless! Well, this is a great divorce between US and China! US will get their cheap fix from elsewhere! China don't have to import 100 billion from US! It's final! But Aseans are winners! So no, there are winners as well!
===========

history of the world full of American mistakes....Trump is the latest but not the only one.

as for Asean ...if world trade shrinks, it cannot be good.....stock markets......stock markets are monkey see monkey do....stock markets are not Gods....stock markets goes by perceptions.

Posted by Junichiro > 2018-10-25 15:54 | Report Abuse

Nobel laureate,Joseph E. Stiglitz said:

"First, macroeconomics always prevails: if the United States’ domestic investment continues to exceed its savings, it will have to import capital and have a large trade deficit. Worse, because of the tax cuts enacted at the end of last year, the US fiscal deficit is reaching new records – recently projected to exceed $1 trillion by 2020 – which means that the trade deficit almost surely will increase, whatever the outcome of the trade war. The only way that won’t happen is if Trump leads the US into a recession, with incomes declining so much that investment and imports plummet."

If the US is sucked into a recession, will Asean win ?

Posted by godhand > 2018-10-25 16:04 | Report Abuse

Posted by qqq3 > Oct 25, 2018 02:41 PM | Report Abuse

do whatever u want chivo....u want a good image a value investor image.....go ahead.....

I just want to know how long u can last........lol....
____________________________________

i dont think u need to worry about him. If he can uphold his principle he will do well. its very hard to see him lose judging by his stock pick

Posted by CharlesT > 2018-10-25 16:07 | Report Abuse

Jon this year hv to break yr piggy bank to pay yr guaranteed profit of 4.5% to yr parent n uncle auntie ah?

Posted by lcwin > 2018-10-25 16:44 | Report Abuse

Good toughts everyone. Let me share my 1 sen view.
USA have no good manufacturing base for more than 20 years already. Their manufactured goods is generally below par compared to most european , Japanese n koreas items. China have been exporting lot of goods to USA thats true BUT most of the goods have very low value added to it. If China reduced export to USA the impact will be felt across the world incl USA as probably 90% of the export value is imported.
USA is essentially a war mongering nation and a death Merchant. Their arm industry is second to none and every President will creat a war to revitalist USA arm industry coffers. Look into the recorded history... any excuse to start a war is their motto.
IP wars ok.Do you know how outdated is the IP laws? 17 years IP protections n renewed based on certain updates etc. Nowdays unlike 50 years ago thing change in a year or two why 17 years? Things like ABS why give patent? most driver last time modulate the brake to achieve ABS effect ..common sense mah and the list goes on.
Don't forget history. USA with the European war mongers plundered China about 100 years ago. Is that fair?

Posted by qqq3 > 2018-10-25 17:03 | Report Abuse

I don't even know who is this child choivo...why should I bother or worry for him? I couldn't be bothered......

Posted by qqq3 > 2018-10-25 17:12 | Report Abuse

China is in full agreement with icwin....China is united....no way China will kow tow....just no way.


China can tighten its belts, no big deal.....who will survive? can the fat cowboys survive?

Posted by lcwin > 2018-10-25 17:35 | Report Abuse

USA is good at twisting and turning like a snake so I think they will survive but in about 25 years we will see a new world order. WE deals with chinese companies for more than 10 years and their knowhow change is incredible. For US companies they are more reliable compare with the chinese but inflexible and extremely expensive. The USA is prop up by the artificially high value of its currency

Posted by qqq3 > 2018-10-25 17:48 | Report Abuse

Should add.....Addiction to US$ is the new opium.......China need to quickly get out of the US$ addiction......I believe one day China will be able to say to Americans....sorry, you need yuan to buy stuffs from China.

my million $ question...so when will that day arrive? maybe soon after Make in China 2025 is achieved.....

Posted by Jon Choivo > 2018-10-25 17:59 | Report Abuse

3 year lock unker! With bullet structure.

Roughly 2 more years to go. Its like margin finance, but cheaper and more secure!

My parents are in their own account, where i manage for zero fees, all gain and loss they keep. The money is too big for me to guarantee. Im very careful with theirs, and its somewhat more diversified with low concentration caps.

I dont take money from extended family.

Guranteed is only friends.

===========


CharlesT Jon this year hv to break yr piggy bank to pay yr guaranteed profit of 4.5% to yr parent n uncle auntie ah?
25/10/2018 16:07

Posted by CharlesT > 2018-10-25 18:03 | Report Abuse

3 years lock? Meaning to say 4.5%×3 years= 13.5% by end of 3 years?

If yr funds made short of 13.5% by then u hv to break yr piggy bank n pay to yr friend investor?

Posted by CharlesT > 2018-10-25 18:04 | Report Abuse

U hv good friends....

Posted by 3iii > 2018-10-25 18:30 |

Post removed.Why?

Posted by Jon Choivo > 2018-10-25 18:36 | Report Abuse

Yes i agreed to buy at a predetermined price per unit.

The structure is highest FD rate in msia (4.5% in this case). Capital guaranteed. Any gain above 4.5%, 60% is mine, 40% is yours.

Well, they dont have somewhere much better to put. Im offering higher than FD (a little) and they think im worth putting money on.

One guy rolled his forward (even though i offered to buy him out), as he was the first, and only a year in that case.

He also tripled his investment, even as prices fell.

Yeah, they are great people. Hard to find such friends.

====
CharlesT 3 years lock? Meaning to say 4.5%×3 years= 13.5% by end of 3 years?

If yr funds made short of 13.5% by then u hv to break yr piggy bank n pay to yr friend investor?
25/10/2018 18:03

CharlesT U hv good friends....
25/10/2018 18:04

Posted by 3iii > 2018-10-25 18:37 |

Post removed.Why?

Posted by qqq3 > 2018-10-25 18:38 | Report Abuse

there is no co-relationship between writing and performance......

or even between writing and actual decisions and choices.....lol...

Posted by 3iii > 2018-10-25 18:44 | Report Abuse

qqq3

Those wth a good investing philosophy and strategy should do well in their investing .. in general.

Better to acquire these investing knowledge early.

Sometimes, these knowledge may not ensure you high returns in your investing but at the least, you can be assured of not losing too much in not knowing what you are doing.

After all, the risk of investing is yourself and Warren Buffett rightly pointed out - risk is not knowing what you are doing.

Posted by qqq3 > 2018-10-25 19:33 | Report Abuse

3iii...yes wallen the bufalo is rich....mistaken to think wallen wannabes will be as rich.....

Posted by qqq3 > 2018-10-25 19:36 | Report Abuse

3iii

a lot of success failure is due to birth...where and when born, to whom born......the era of investing......

large success is luck....moderate success is hard work, skill and talent....I already got the skill and talent, now just a bit of hard work.......lol.....

Posted by qqq3 > 2018-10-25 20:34 | Report Abuse

come to think of it....if every analysts, every fund manager believes value investing according to the Bufalo is the way to go.....how can that lead to success?

Posted by qqq3 > 2018-10-25 22:10 | Report Abuse

the habit and the character to make money....that belongs to KYY....not to Kc Chong from NZ......

stock market very simple one.....giant returns come from focus, very focused, put all the eggs in one basket......

another problem...what colored egg? the battle is between safety and hoped for returns......what characteristics u want?

Posted by CharlesT > 2018-10-25 22:14 | Report Abuse

Jon if i were yr friend i see the greatest risk as you n not the stock mkt

Posted by teareader818 > 2018-10-25 22:19 | Report Abuse

I think Choivo is in the midst of an experiment. At the end, if he wins, he will feel well prepared to handle billions next time.

Posted by CharlesT > 2018-10-25 22:21 | Report Abuse

He has good friends n his friends has low expectation of 4.5% per annum

Posted by teareader818 > 2018-10-25 22:31 | Report Abuse

It's nice to be mentioned in the same breath with Rodgers, Lynch or Buffett.

Posted by 3iii > 2018-10-26 08:06 |

Post removed.Why?

Posted by 3iii > 2018-10-26 08:57 |

Post removed.Why?

Posted by Pewuf > 2018-10-26 10:53 | Report Abuse

the blog started really nicely but ended up with the writer promoting himself as a fund manager...apalah...working for which fund house ?

Posted by Jon Choivo > 2018-10-26 10:55 | Report Abuse

Myself.

Fund is closed for guaranteed. As i only gurantee up to 50% of my equity.

Ill only manage new ones if its unguranteed in the fund, or in your own account. In this case. FOC. All gain and all loss you keep.


====
Posted by Pewuf > Oct 26, 2018 10:53 AM | Report Abuse

the blog started really nicely but ended up with the writer promoting himself as a fund manager...apalah...working for which fund house ?

Posted by Jon Choivo > 2018-10-26 11:41 | Report Abuse

Correct. The greatest risk is i run away with the money. Which is why they are close friends and they know my family.

The second greatest, is i am unable to pay back. Which is why i limited to 50% of my equity. And why it has long tenures. Usually 3-5 month before, i will check with them if they intend to withdraw or rollover, so i can better plan the cashflow.

On the low expectations, i dont make promises i cannot fulfil, even if it gets me more money. Money is just numbers on a screen for me anyway.

Some are not investors, who would have put in FD anyway. But they trust me, and think i may make them more money. So they put it with me.

Some are value investors like me, and having studied properly, they decided they don't want put in the effort required to be good enough.
So they put with me.

All consider the probability of satisfactory outperformance to be adequate.

It would be a disservice to consider it as low expectations.

=====
Posted by CharlesT > Oct 25, 2018 10:21 PM | Report Abuse

He has good friends n his friends has low expectation of 4.5% per annum

Posted by CharlesT > Oct 25, 2018 10:14 PM | Report Abuse

Jon if i were yr friend i see the greatest risk as you n not the stock mkt

Posted by Up_down > 2018-10-26 11:54 | Report Abuse

CharlesT. 我地要見識下大蛇屙屎.

Posted by qqq3 > 2018-10-26 12:16 | Report Abuse

Posted by 3iii > Oct 26, 2018 08:06 AM | Report Abuse

For example, an 80 year old man still has almost all his wealth in the stock market even today.
====================

a bell curve effect.....bell curve effect not good enough for me...I am a fighter and I love the challenge.

Posted by Learner King > 2018-10-26 12:24 | Report Abuse

Haha this joker is just a tin kosong in investment beside he got a really good writing skill. In the end he just want to promoted himself and waited for water fish give him all their life saving. Hahaha

Posted by qqq3 > 2018-10-26 12:39 | Report Abuse

Posted by 3iii > Oct 26, 2018 08:06 AM | Report Abuse

For example, an 80 year old man still has almost all his wealth in the stock market even today.
====================

a bell curve effect.....bell curve effect not good enough for me...I am a fighter and I love the challenge.

shares climb a mountain slowly and falls in an instant.....testing all the buy and holds to the limit......

in the west,. people already given up on stock picking and everybody rather give money to mutual funds with huge diversification..... I think this is suitable for 95% of the people.

I consider myself the 5% elites.

Posted by Jon Choivo > 2018-10-26 12:43 | Report Abuse

Learner king,

Really rare for inherently stupid people like you to still be in the market. Most retailers are stupid, but you're in a class all of your own.

I think its because you know you're stupid, so you hang on to your betters, like myself, instead of thinking for yourself. Not a bad way i guess.

In the end, the most important thing in the market, is to know your limits and how stupid you are.

When you want to be learner god? Then you can be promoted to just being stupid!

I'm really looking forward to that day!

Your failure to see the structuring of the incentives and what they drive is just astounding hahaha.



=====
Posted by Learner King > Oct 26, 2018 12:24 PM | Report Abuse

Haha this joker is just a tin kosong in investment beside he got a really good writing skill. In the end he just want to promoted himself and waited for water fish give him all their life saving. Hahaha

Posted by qqq3 > 2018-10-26 13:44 | Report Abuse

young people like this choivo is idealistic, one dimensional, lack experience......I will leave him alone to find his own life.......

nothing to do with me.

Posted by Learner King > 2018-10-26 15:26 | Report Abuse

Haha just say whatever u want stupid jon.... i making few millions profit this year and i have sold out waiting for market to crashes. So i got time to play u this con man. Kakaka

Posted by Jon Choivo > 2018-10-26 16:19 | Report Abuse

You convert to rupiah is it? hahahahaha

Aiya, i don't like bullying children. Even if they're lying.

I think you need to take medicine. Now you're not just stupid, but siao like khatu d!

Dun later think 10million rupiah is 10million usd and put deposit for felali ooo.

Sure burn deposit d!

Let me know if you need borrow money for medicine. I very kind one.


===
Learner King Haha just say whatever u want stupid jon.... i making few millions profit this year and i have sold out waiting for market to crashes. So i got time to play u this con man. Kakaka
26/10/2018 15:26

Posted by Learner King > 2018-10-26 16:57 | Report Abuse

Haha u jealous is it stupid jon? Poor thing hahaha

Posted by qqq3 > 2018-10-26 17:19 | Report Abuse

Choices and decisions in stock market are not related to what people say and write......

in stock market, choices and decisions people make are related to habits and character.

habits and character are more reliable indicators of what people do in stock market.

stock market, full of talk east go west, talk 3 talk 4., full of BS and full of beating round the bush.....and depends on the agenda of the writer.

remember....Jho Low can make himself sound like an investment guru.....Jho Low can even fill his talks with Confucian ethics, Christian sayings, Koran verses.....and of course Warren Buffett sayings........Jho Low can also quote here quote there....part of his arsenal.

Posted by rajachulan > 2018-12-03 09:43 | Report Abuse

I appreciate reading these informative writing...

but allow me to add few things if I may...

The ability to estimate the intrinsic value of an investment <--- I work this number every year myself, so I know them, that is why I never trust them...

The ability to hold and buy more as prices fall <--- I dont intend to do this. you wont even know what happen in next 5 days, so forget about next 5 yrs...do you know how company make up their great grand 5 yrs plan? ha!

You have to be right. <--- no one know except the bloody management deciding the numbers... not even me can tell you... one thing sure.... everything is alright!... but sadly from the management point of view...

not here to oppose value investing, but to tell you what happen behind the screen...the choice is yours...

check Buffet 'investment'... which 'famous' return from a company which he hasnt sent his own team 'managing' the company 'himself'?

I know this i3 is probably set up by Value investment follower and supported mostly by value investor...

but to fellow retail investor, please do your homework, and if you think the current investment method is not working out... learn to adapt and change to prosper...gdluck

Posted by Jon Choivo > 2018-12-03 09:52 | Report Abuse

Haha rajachulan,

Thanks for taking the time. We'll find out in time i guess,

Posted by rajachulan > 2018-12-03 10:09 | Report Abuse

Yeah Jon, sincerely, I do admire your honesty in highlighting those 3 really important points in summary section... which I believe most of the retail investor has little ability to meet them all...

and that the reason why many people out there are still very dependent on others research paper, views, news, article and worst, tips in investment...

I do really appreciate and enjoy reading informative article like yours and icon8888 and someone, sorry I cant remember the name, who wrote few article on layhong few months ago (almost tempted to put money on it, but trend forbid)...

but still, I hope retail investor can find their own way to decide where to put their own money...