Only hold 700 shares haha. Because i wasnt so sure about the operation earnings, buy to make friend only.. Less than 1% of fund.
But now, im open to making it maybe 5%.
=== dragonslayer Aiyo ah jon..you lost rm200 only...wei..you fund so small meh 1% of your fund...cannot be bah...one big lot alos lost few hundred oredy..how can be you fun bought 300shares only kah...dun hide your lost leh...aiyoyo...kikiki 29/11/2018 10:27
Dear 3iii, Thank you for your concern over my “investing” I am not doing investing for a living. I am holding a well paid job and am trying to put some of my money instead of keeping it in FD into buying some share listed in Bursa. I had to admit that until now I had not even read any of the investment guru books as often recommended by many Sifu in i3 as must read list. But I do read thro’ the annual report of each and every one of share I bought and attend some of the AGM if I can find time. I also read blogs and comment by many Sifu in i3 and reply some of the comment when I am free. The reasons I did not read the investment books is because I am afraid that the more I read the more I become inhuman in my desire to develop this killing instinct of profit at all cost.
Once I wrote to SC and Bursa saying that “We each have our duty and responsibility to uphold integrity and to build public trust on Companies listed in Bursa Malaysia. Many times I have received many friendly advice that as savvy investor just enjoy the ride when time is good (insider manipulation) and dump the share to other to hold when the music stop. I refuse to accept such advice as I believe in the truth and nothing but the truth and shall pursue the truth till the end with the help of very helpful Auditor, SC and Bursa. I thank all
>>> The reasons I did not read the investment books is because I am afraid that the more I read the more I become inhuman in my desire to develop this killing instinct of profit at all cost. <<<
Why reinvent the wheel? Some of the better investors have shared their philosophy and strategy in various books.
Do you have a philosophy to share on investing? Ideally, you should be able to explain the core tenets in a 2 minutes talk.
Without a strong and save philosophy, you will be navigating the sea of investing without a map.
Here is a list. Contrary to honing a "killer instinct", i think you will likely find investing (not trading) a very enjoyable, intellectually stimulating and to an extent, relaxing activity.
in the mean time, putting your money in the chinese index is not a bad idea. Chinease stocks valuations is very very low now, anhui expressway is selling for 6PE. A highway. And this country went from nowehere in the top 10 in gdp 30 years ago, to number 2.
There are a few reasons for this undervaluation, such as a weak sc, closed markets etc. But none of them matter if you have a long term perspective.
In 20 years, i see china being much bigger and stronger, unless they go to war, in which case, everything die anyway.
Only start buying additional individual stocks after you've finished you education.
Haha.... Everybody has to pay for tuition fees. But outcomes are different.
Some pay and learn something, not going to commit same mistake (or less mistake)
Some pay and learn nothing, all tuition fees go to the drain
Some keep on paying and learn very slowly, they believe one day they will become sifu too
Some have graduated and enjoying their golden year right now
Some pay but dead half way, they are having meeting in holland
So which category do you belong to? Ask yourself sincerely. Nobody is going to judge whether you are right or wrong Only to measure how successful you are in this market
Haha, you all jokers. Scare yourselves to shit. Cheers to Jon,who is just No Worries. Think all kinds of 3 and 4, till you all gila gila. Kikikiki..It's a good company...
All you scardy cats. You fellas jumping all over, talk 3 and talk 4. Dont buy if scared and when price go down 10 cents. Jon is calm. Haha. But who knows cold sweat with his investments. But all.In all if wanna buy, take some risks. This is a good company anyway
In 2017, i very stress despite portfolio up. Nothing to buy but property companies and rcecap, everything so expensive.
Now, so many cheap things.
I went from planning to increase property companies in 2018, to buy everything else. refinery lah, some prop co lah, some steel, airline lah, some construction co, palm oil co lah, insurance co lah, chicken co lah
And when i buy, dont even need to think much now, last time at those prices, must study 10 year annual report and read everything.
Now waseh, my only risk, is for my net cash companies to go bankrupt in the next 6 months.
So relaxing man. I'm 100% in. With about an additional 6% in from margin. The margin must spend very very slowly. The moment i feel excited to spend money, i dont, close app straight.
Must only use the money when i feel very very calm to minimize mistakes.
==== TakeProfits All you scardy cats. You fellas jumping all over, talk 3 and talk 4. Dont buy if scared and when price go down 10 cents. Jon is calm. Haha. But who knows cold sweat with his investments. But all.In all if wanna buy, take some risks. This is a good company anyway 29/11/2018 14:49
Posted by Jon Choivo > Nov 29, 2018 01:12 PM | Report Abuse
i think you will likely find investing (not trading) a very enjoyable, intellectually stimulating and to an extent, relaxing activity. ====================================
don't they all say that? Billion $ industry some more.
some more no need immediate results. In the case of LionInd , the books still hold Parkson at >$4 , no write downs because they say for long term investments.....
enjoyable, intellectually stimulating, and avoids the disasters of last 18 months.....nothing beats a good trader........trading is the real deal unmasked by the billion $ industry.
Probability was correct about its downtrend when he turned very negative about it.Credit must be given to him for the right forecast as he might have helped some of you to turn cautious instead of being conned by the promoters here. Acquire a thinking cap is much better than unpractical theories n save your investment from fire.
Walau Fam Jenny...at these prices I say good investment. Not trading for a few bucks. If you wanna make $100...Then contra lar. If I promote this stock while at 19. It's crazy. Well, I am.happy at these prices. Thank good ness did not buy at even 6. That current qtr,loss is peanuts. Let's wait for coming better days..
You dont say anything about his promotion from 7-19
==== Posted by Fam Jenny > Nov 29, 2018 04:16 PM | Report Abuse
Probability was correct about its downtrend when he turned very negative about it.Credit must be given to him for the right forecast as he might have helped some of you to turn cautious instead of being conned by the promoters here. Acquire a thinking cap is much better than unpractical theories n save your investment from fire.
He was so positive earlier n invested heavily but when he knew he had made a huge mistake he sold at a loss,That was my guess n went to buy low n sell high when it fluctuated within a range n recovered some gain in between,it is my guess work only,he should know the best himself.
Yes that time pe=2,the profit was fantastic n my valuation was high.Now it is a loss,couldn't believe it.Fortunately I didn't dabble anymore in shares anymore,it is controlled by the same gang I presume.
I remember investor48 was talking about averaging down but I told you all not to catch a falling knife n the method was wrong when it was downtrend.So it is beneficial to share our knowledge to help others' money from being burnt in fire.
It is controlled by the Chinese gang who played in 9 counters,8 has busted hope this will not have the same destiny.kyy are used by them to lure you all in.
I really caught the knife hard when probability gave up.. The most hardcore believer gave up..I played the contrarian.. And when KYY made his big announcement to buyback at 6+.. Both happened around the same time when it hit rock bottomed 6+ I made a lot from that decision.. But from that episode I respect 3iii & CharlesT not probability (sorry)..
HY will be back to 2.50 like the price in 2016 when the Chinese acquired 51% stake. Many had made money when it was RM15, however, many have also bought that price until now. Cry until no tear......Beware of this counter.......
Thanks for your good heart FAM Jenny. I pity those bought at around 15, thinking it will go higher. I am blessed not to chase this counter. Well this counter was hyped soo much and crashed until now. Hope worst is over..We all don't know...so those who can hold just hold the INVESTMENT.
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....
tehka
1,928 posts
Posted by tehka > 2018-11-29 12:25 | Report Abuse
What happened.. Quarter result so red..