you cannot be more wrong, I don't really belong to your world and circle
I have explained many times to you that I am not against Buffetology whereby you buy good companies at fair price and hold on for long term so as to enjoy compounded growth year after year. I think it is a fantastic concept
I disagree with you on two things :
(1) how you practise Buffetology. Your Nestle is a good company, but it is trading at 50 times PER, and its only market is Malaysia. As such, it is difficult to convince me that it will continue to grow and deliver capital gain over extended period of time. At most, it will be paying you good dividend (which is not so fantastic, for me).
(2) the way you condemn anything other than Growth Investing. I am open minded and accept both Growth Investing and Value Investing as valid investment philosophy.
3iii Icon8888 Finally, you acknowledged growth investing. Welcome to my investing world and circle. 19/11/2019 1:43 PM
That was exactly how I felt at the beginning (please read Section 1 of my article)
However, after I started investing overseas, I realised that due to the high quality of the companies (applicable to those strong companies in US), stock picking has actually become substantially less complicated
there are less risk factors to be considered
that is why in the Concluding Remarks, I mentioned that I will only invest in strong stocks in developed countries
so far, my only pick is Taiwan Semiconductor Manufacturing Company. It fulfils the criteria for long term hold due to its technological supremacy that almost makes it a monopoly OVER THE NEXT FIVE YEARS AT LEAST
Icon8888 sifu, u bought Taiwan Semiconductor Manufacturing from Taiwan stock market or the US stock market? I think it is also good to invest in Taiwan
Icon, I support you... when you go to overseas investing, one will discover the number of quality companies that's available... watchout for Disney too...
Everytime my portfolio value doubled, the incremental value of the last doubling period exceeds the gains derived from all the period before since inception of my portfolio.
That is the true power of compounding over the long term.
U slowly tunggu loh...NESTLE PE 50x will take at least 30 yrs to double loh....!!
Posted by 3iii > Nov 19, 2019 5:35 PM | Report Abuse
Everytime my portfolio value doubled, the incremental value of the last doubling period exceeds the gains derived from all the period before since inception of my portfolio.
That is the true power of compounding over the long term.
lack of sleep shortens lifespan irrevocably takes more than 2 weeks to recover disturbed sleep patterns rich people are usually educated nowadays. the illiterate rich have all died educated people know how to take care of health.
for the rich, there is no reason to invest in the US.
for the poor, they just cannot afford it.
leaving just those extra greedy semi-rich people who want more money at the expense of shorter lifespan. Die faster never mind. The money fanatics.
I think those accumulated reasonable capital from local stocks...should venture overseas slowly with small capital first...to feel the depth of the water...at least for 6 months...before going heavy...
Icon, soojinhou...kindly post your recommendations in i3... easy for part-time man like me to monitor in a single location.
Malaysia stock: 1. Boss earn money for continuously few years positive net profit and thinking to listed in KLSE. 2. After listed in Bursa, Boss start how to draw the graft, earn huge profit, high enumeration and so etc. 3. This cycle can repeat at least 10-20 years. 4.No value, less dividend, less attractive.
US stock: 1. Boss start a business, the whole mindset is thinking about creating value.(this value mean value and impact to society but not the money value) 2. After company get profit, boss absorb more talent, R & D creating more value. 3. The counter in US basically have 2 important characteristics (cpital growth and dividend growth) 4. The rise in stock price is not cycle or goreng , but the value they sell their service to entire world.
IN Malaysia: Many good company creating value...but wrong marketing in whole world and less creativity...
Eg. Topglov, Kossan, Airasia, Penta....Only Glove company in Malaysia creating value. But the power is too low...For Airasia, due to political issue.....
The should learn, AIA, ALlianz, GE how they penetrated into other country even their own country have their own firm.
you can trade with etrade. just open a trading account outside...just be aware that trading involve the risk of "currency exchange" on top of the stock performance.
Any recommendation on a good, low cost broker to invest in foreign equity? I trade options with saxotrader and tastyworks. Both aren't so great for long term investing because of the maintenance costs. There is saxo investor which looks great but it's not available in Malaysia. TD ameritrade seems reasonable, I'm in the process of opening an account with them. Anyone uses TD? Or hv other suggestions.
I use maybank to invest in bursa. I hv a foreign trading account but it seems too much of a hassle and even my remiser doesn't suggest I use it.
PE 10 in malaysia is actually not that cheap, when interest rates are 3%, you are getting a premium of only 7% assuming you are perfectly right and the money is reinvested right.
just a simple reminder : if u cannot make money in your own tuff .. u cannot make in other ppl, if u lose money in your tuff, u will lose even more .. on top of poor info, late news, poor grasp of other country, foreign exchange eating up your money, got scammed, any development u will be the last to received, ... i've known personally a lot of ppl ... real ppl ... who started with bursa, go to FX, then oversea stock, then option, then ... disappear. THEY LOSE and LOSE and LOSE. One thing they wish ... to turn back the time, and never touch anything at all. These are TRUE STORIES. Sekian.
leno, my article says that you should invest in good foreign companies that can be held for real long term so as to enjoy compounded growth (I argue that such companies are rare in Malaysia, it is like looking for fish in desert)
I never ask people to punt forex, option, or speculative trade at foreign market
for those kind of activities, do it in Malaysia, if you want, so as to enjoy home advantage
Posted by leno > Nov 21, 2019 9:33 AM | Report Abuse
just a simple reminder : if u cannot make money in your own tuff .. u cannot make in other ppl, if u lose money in your tuff, u will lose even more .. on top of poor info, late news, poor grasp of other country, foreign exchange eating up your money, got scammed, any development u will be the last to received, ... i've known personally a lot of ppl ... real ppl ... who started with bursa, go to FX, then oversea stock, then option, then ... disappear. THEY LOSE and LOSE and LOSE. One thing they wish ... to turn back the time, and never touch anything at all. These are TRUE STORIES. Sekian.
>>>>>
I have to agree with Leno totally.
You will know the local companies a lot better than the foreign ones.
As long as these companies are "WITHIN YOUR CIRCLE OF COMPETENCE", you will do alright.
I like Icon8888 open minded and humble, most importantly willing to share :)
I dont know about moat but i do know those companies like Airbus/Boeing, Adobe/Microsoft do have global moat. If i open an airline company, where else i buy airplane other than Airbus/Boeing? If i open a company need softwares to install on the PCs, wherelse i go other than Adobe/Microsoft etc.Same goes to TSMC hehehe, Such companies are really not easy to find in Malaysia market.
I believe in business world if there is no growth,the value will be destructed over time. 逆水行舟,不进则退。 So growth is always no.1 priority then only how much to pay for it :)
Btw what is the difference of TSMC listed in Taiwan and listed in NYSE?
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 > 2019-11-19 13:22 | Report Abuse
I am suggesting people consider overseas
But no recommendation on when or where to enter
Investing is a life long undertaking. Many years ahead