I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 13 October 2009

Olam - Sold $2.65, ROC 10.2%

Last sold Olam in 27 Aug 09 @ $2.62. Patiently waited and bought back in 5 Oct 09 @ $2.39.

Stuffing more feathers. Cheers!

Round 6: ROC 10.2%, 8 days, B $2.39 S $2.65

Round 5: ROC 6.3%, 3 days, B $2.45 S $2.62 (Bought back higher)
Round 4: ROC 5.9%, 15 days, B $2.26 S $2.41
Round 3: ROC 9.6%, 8 days, B $2.18 S $2.40
Round 2: ROC 7.0%, 8 days, B $2.18 S $2.35 (Bought back higher)
Round 1: ROC 9.8%, 161 days, B $1.37 S $1.52
Posted by Createwealth8888 at 16:25
Labels:

5 comments:

  1. Cheng13 October 2009 at 18:45:00 GMT+8

    Compounded gains R1-R6 using $100 as benchmark will give you $159.73, which is 59.73%(excluding trading fees).

    On hindsight, if you had held on to it from $1.37 to $2.65(not including divy and rights issue, excluding trading fees) will give you $193.43, which is 93% gains.

    Overall, it is still a very good strategy, returns were good haha... I can't complain, but I will modify your setup to suit the limited capital I have. :P

    ReplyDelete
  2. Createwealth888813 October 2009 at 20:22:00 GMT+8

    I have still some Olam at $1.68 and the realized profits is 52% against the invested capital in Olam, and then this invested capital is sitting on another unrealized profit of 56%. Total realized + unrealized gain = 108% against the invested capital in Olam at market risk. (This is the true margin of safety)

    However, the realized gain from Olam and together with the gains from other stocks have been deployed as capital and has been compounded x times.

    Buy and hold at $1.37 can only give unrealized gain of 92.1%

    Who is your Maths teacher? Let me call him/her and ask LP to give you Maths tuitions

    ReplyDelete
  3. Cheng13 October 2009 at 20:53:00 GMT+8

    Oh... uncle88, I get it, you did not sell all and buy again then sell all and buy again.

    You bought, when there is profit, sell half, kept half and then use it to trade again? Kindly enlighten xiao di >.< lol

    My assumptions did not include rights issue.

    ReplyDelete
  4. Createwealth888813 October 2009 at 21:05:00 GMT+8

    Share the secret on 19 Oct 09 at the lunch table. Ha Ha

    ReplyDelete
  5. Cheng13 October 2009 at 21:33:00 GMT+8

    LOL!

    ReplyDelete

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails