Totally in agreement. Tech is definitely not the play for this year. Locally I like MSC, Focus Lumber and Ancom a lot. More than 70% portfolio heavy on the above currently.
only Charlest sifu surviving...proven the fittest...most adaptive...just like sifu OTB..does not matter black or white cat..as long as can catch the rat
myself left clueless on what is the strategy that works in bursa...simple PE 10 thesis appears to be hidden in the sand for now...as future earnings prediction became increasingly difficult...
i believe with the tech stocks dropping some sanity on valuation will appear to bursa
What! Steel price is dropping! Phillip, you must be kidding! Another 2 months, you find people screaming and shouting of limited steel supply! Have you look at steel futures lately!
The world is not crashing! Only US markets are in for super major correction! Why, because after holding rate for long time, printing money like no tomorrow, and feeding Dow Nasdaq until waaaaaayy overvalue! I mean, i thought Dow could only go as far as 20k points! I mean, nobody thought it would go to 35k points! Since Fed is hiking rate 3 times this year, you looking at Dow going back to 20k points again even lower! As for inflation, it's self inflicted! I mean, US has been printing money faster than newspaper! Basically, dollar is cheaper than a piece of your daily dose of hardcopy news! So now they trying to make dollar valueable again by increasing rate! Hence inflation will go down! It's just basic economics for you!
So dollar will strengthen but you won't notice it! Price of goods will not go down! But value goes up quietly! Meaning, price of goods will remain stagnant with very little increase over the years!
As for your 'friends' who bought Rolex, Rolex has been favorite among the rich for decades! It's not something new! Yeah, sure, Rolex price continues to go up! But i tell you, if you buy Rolex today, finding buyer tomorrow is quite hard! You need to go to middlemen to sell your Rolex! And of course middlemen want some cut!
By the way, there's no inflation theme stocks! I don't know where you get this idea! Theme are for stocks that go up! Not stocks that will go down! I think you got it wrong!
Every trader or investor worth their salt should know the no.1 rule..."never fight the fed".Further this rally frm the lows of march 2020 was purely fueled by liquidity.Those techs,which fetched pe's of up to 100 is just another hype,when powell sneezed techs caught the cold.
Basically all needed some refurbishment! But nothing major, just repair here and there! And no contractor involve, all done directly by those you know who! I mean, why give fat margin to contractors when the workers can get better pay directly!
That's why i only go for landed for auction! I mean, overdue council fee quite manageable! For apartments, not so! Need to settle management fee! Water and electricity too!
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 7236 views | 6 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Powerplay666
1,023 posts
Posted by Powerplay666 > 2022-01-23 11:35 | Report Abuse
Totally in agreement. Tech is definitely not the play for this year. Locally I like MSC, Focus Lumber and Ancom a lot. More than 70% portfolio heavy on the above currently.