Just came back n saw mkt crashed..now qeueing happily for starhub 🙂
Presume you are not buying Msian shares as the currency devaluations is not worth buying for a long term.
Just to illustrate with my own example. I bought into a particular company shares during the 2008 sub-prime crisis when global stock markets are declining. My family members and many other people discouraged me from buying shares saying I am catching falling knives. Many investment discusssions online back then were also on selling away shares to avoid the onslaught of the falling markets. But, I held to my conviction that this is only a temporary market decline and not a permanent amargeddon and end of the world. The more the negative news came out about the fall of big financial names like Lehman Brothers etc. and the fiercer the selling, the more excited I became and bought shares along the decline. Fast forward to today, the shares of that company I had bought back then, I still held today and I am now sitting on good dividend yield (about 10% yield) and paper profits. If I should sell all the shares of this company now, I will make a handsome profit on my capital. But, I am not selling even one single share as the dividends will still continue to grow through the years ahead and I know I will likely get more than 10% yearly dividend yield down the road while sitting on even more paper profits through the years.
Back then, when the share prices were falling, I adpoted a contrarian approach even bearing the emotional fear of seeing my investments decrease in value as I bought into their shares catching falling knives. But, I also adopted an inherent sense of risk based on common sense. I did not use up all my capital one whole shot and buy shares all at one point, but I nibbled and bought in bit by bit as share prices continued to fall. This is because I did not know where and when the bottom will be reached. Also, I have done my due diligence and the company I bought the shares in is a good company and I know I bought at prices which are undervalued. True that undervalue can get more undervalue as knives continue to fall. So, one must have a method of operation that minimise the impact of falling prices. For me, it is to buy at little amount each time and let the share price drop by certain percentage before triggering the next buy. Of course, if the share price gets more and more undervalued, for a contrarian value investor it should be welcomed and he should buy more shares of a good company at more undervalued prices.
In conclusion, a contrarian who has a good sense of inherent sense of risk based on common sense have benefitted me well in my real case example.
Notice that the sharing by Mr Koon Yew Yin is seven traits of a super investor. These seven traits should be taken together as one whole package and a super investor will have all seven traits operating together and not just a few of the traits. So, trait number four which is an inherent sense of risk based on common sense is also part of the package as much as the trait of being a contrarian. That is why most investors are not super investor as it is very difficult for one to have all these seven traits together.
Be careful of point 1.When, Mahathir started to make noise about CLOB, i sold all my Msian shares.
When the CLOB is nearing extinction, the prices dropped like hell, I still refused to buy a single Msian share.
One of my friend who refused to buy any Msian share pre-CLOB saga took a contrarian approach and bought into falling knives as they looked attractive.
It took many years for sporeans to get back a fraction of the money they pay for msian shares thro' CLOB.
Notice that the sharing by Mr Koon Yew Yin is seven traits of a super investor. These seven traits should be taken together as one whole package and a super investor will have all seven traits operating together and not just a few of the traits. So, trait number four which is an inherent sense of risk based on common sense is also part of the package as much as the trait of being a contrarian. That is why most investors are not super investor as it is very difficult for one to have all these seven traits together.
Be careful of point 1.When, Mahathir started to make noise about CLOB, i sold all my Msian shares.
When the CLOB is nearing extinction, the prices dropped like hell, I still refused to buy a single Msian share.
One of my friend who refused to buy any Msian share pre-CLOB saga took a contrarian approach and bought into falling knives as they looked attractive.
It took many years for sporeans to get back a fraction of the money they pay for msian shares thro' CLOB.
Agreed, I have said earlier in one of the threads that Singapore is a beneficiary of HK' s political instability.
Why need to reform for democracy? Look at US. Corruption comes from the very top, right from the OBama office.
News reported that prc is rewriting hk law n intervening it' s legal sovereign. This is going to have huge impact to hk ppl desire toward democracy n sg is likely to benefit in the long run n sporean will faced even more intense competition.Significant numbers of rich prc are migrating every year out of mainland. Their top destination is united states. Those who qualified will jump straight for the green card, those who are not rich but hold professionalism n highly educated will used sg as a spring board by migrating here first n thereafter to the united states.
Those who are not living in prc will think that it is improving year by year, especially news reported by the media. I describe it as a beautiful rotten apple. From its appearance, it carried robust GDP growth n prc income are rising every year, however if u come here to stay for just 6 months, u will have a good feel of how corrupted this place is.
My personal view is prc present the greatest risk to the world due to its political structure of single party. If they do not reform for democracy, one day when their growth are exhausted, there will be huge public dissentient toward the communist. Once the central communist government lose their control of their provincial governments, rise of warlords as happened in the past can be a possibilities. When that happen, china will be in chao again.
Of cos, if we compared them to Africa, India n etc, they are better n most prc think the same too. It is bcos they have no idea of better standard for comparison n communist always flooded their controlled media to beautify their performance, thus most prc supported the communist. Those who are rich n exposed to outside world, know the great differential n certainly do not want their children to live as a communist slave.
Hk being a matured n democratic society is not going to take such nonsense. Hk ppl who have the capabilities to migrate will certainly pick sg as one of their top choice. As such, sg can benefit n take in middle income professional who can contribute materially to our economy. On the other hand, sporean is going to face stiffer competition from hk migrants, hence political turmoil in hk is not an isolate event, it can affect sg as well.
The above deductions are just my personal thought, it may not be true. Thank you 🙂
Be careful of point 1.
When, Mahathir started to make noise about CLOB, i sold all my Msian shares.
When the CLOB is nearing extinction, the prices dropped like hell, I still refused to buy a single Msian share.
One of my friend who refused to buy any Msian share pre-CLOB saga took a contrarian approach and bought into falling knives as they looked attractive.
It took many years for sporeans to get back a fraction of the money they pay for msian shares thro' CLOB.
http://www.nextinsight.net/story-archive-mainmenu-60/927-2015/10317-7-traits-of-a-super-investor
Sharing an article from NextInsight about the seven traits of a super investor Mr Koon Yew Yin.
The seven traits of a super investor are:
1. Be a contrarian investor.
2. Obsession in playing the game and wanting to win.
3. The willingness to learn from past mistakes.
4. An inherent sense of risk based on common sense.
5. Confidence.
6. Clear thinking.
7. And finally the most important and rarest trait of all: The ability to live through volatility without changing your investment thought process.
When mkt is up need not b too happy, when mkt is down also need not b too sad. The lesser we follow mkt volatilities, the lesser the mistakes we will made. Good morning to everyone 🙂
When mkt is up need not b too happy, when mkt is down also need not b too sad. The lesser we follow mkt volatilities, the lesser the mistakes we will made. Good morning to everyone 🙂
Warren Buffett said, "Price is what you pay, but value is what you get."
Price is something which most people focus on, but the essence is to find value. Imho, a stock is a poor investment if there is no value. A good company may not mean it is a good investment if the price is not right. To me, a good investment means a good company selling at a right price...just my 2c
Warren Buffett said, "Price is what you pay, but value is what you get."
Price is something which most people focus on, but the essence is to find value. Imho, a stock is a poor investment if there is no value. A good company may not mean it is a good investment if the price is not right. To me, a good investment means a good company selling at a right price...just my 2c
There are still lots of people can' t tell the difference between &ldquo 贪 &rdquo and &rdquo 贫 &ldquo . Many learnt lots of strategies to handle enemies, but always loose to one creature called " 自 己 &ldquo 。
When a person is EMPTY, he will b easily filled by evil. Money is the root of all evil if we do not earn it through our own honest effort.When someone started to question " y m I working so hard for money" it mean he had aged n his emptiness are filled with wisdom. Good morning to everyone 🙂
Ex-BSI banker trial: Yeo Jiawei ' lived jet-setting lifestyle, became more arrogant'
There are still lots of people can' t tell the difference between &ldquo 贪 &rdquo and &rdquo 贫 &ldquo . Many learnt lots of strategies to handle enemies, but always loose to one creature called " 自 己 &ldquo 。
When a person is EMPTY, he will b easily filled by evil. Money is the root of all evil if we do not earn it through our own honest effort.When someone started to question " y m I working so hard for money" it mean he had aged n his emptiness are filled with wisdom. Good morning to everyone 🙂
Ex-BSI banker trial: Yeo Jiawei ' lived jet-setting lifestyle, became more arrogant'
Those who bought DBS must b doing break dance now..but be careful not to break yourselves, long way to go 🙂
Reserve some stamina to dance more, now only the beginning 🙂By the way, I just checked with one of the local agent recommended by Cain on help to transport pet dog from overseas to sg n their quotation is sgd1700 excluding their prc export agent fee. Anyone can advise whether is the price reasonable?
willisow, welcome home.I' m dancing over Genting. Still have.
