As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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

Sunday, 1 October 2017

Position Sizing. Let The Winners Run. Having Some Fun On The Winners. Cap The Losers

Singapore Man of Leisure 29 September 2017 at 10:12:00 GMT+8

Readers out there who may want to ask CW out for kopi kosong, you may want to jio me along!

I play the role of "got shadow or not" verification ;)

Especially if you believe in the "clash of ideas".

Don't believe?

I'll show you.

Of all the highlights, CW, you left out the most important "HOW" bit:

"You want to let the winners run. When the fun ones get better, add to 'em, and that one winner."


If you tell your readers your 10 bagger Keppel or Sembawang is only 1000 shares each, they will go, "Cheh!"

LOL!

I hope this settles the question of concentration versus diversification ;)


CW8888

OK. OK. Now shows the most important "How" on When the fun ones get better, add to 'em, and that one "winner".


Of course, he was having fun until Mr. Market came to spoil the fun ones! :-(



Thursday, 16 October 2014
Read? Kep Corp : Bought @ $9.64 for Round 95


Monday, 13 October 2014
Read? SembCorp Industries (SCI): Bought @ $4.97 for Round 54


Friday, 31 March 2017
Read? DBS : Sold @ $19.38 (Re-presenting it in new format)




15 comments:

  1. SMOL "If you tell your readers your 10 bagger Keppel or Sembawang is only 1000 shares each, they will go, "Cheh!"
    LOL!

    --------------------------------

    Yes, beside getting it right and hold, the sizing is also equally important.

    ReplyDelete
    Replies
    1. Ray,

      Yup. If not, any Tom, Dick, and Harry can shotgun 100 stocks, each no more than 1% in his portfolio, and come bragging he got one 10 bagger! (This is not skill; its blanket party)

      If I got a 10 bagger, I would hope its at least 25% of my porfolio!!!

      I Haven't got a 10 bagger in an individual stock yet. So I cannot talk too loud.

      Paiseh, paiseh ;)


      Delete
    2. Hahaha .... Tom, Dick, Harry & John Templeton.... He borrowed money to buy 100 penny stocks during the depths of the Great Depression in the mid-1930s...

      1/3 of his stocks went bankrupt by 1939 ... the rest survived to earned him back many times his initial capital ... but also thanks a bit to WW2 lah .... massive QE stimulus to prime pump the economy...

      Delete
  2. CW,

    That's I'm impressed with those investors who manage to buy at the bottoms - could be skill; could be luck.

    But I'm super RESPECT those investors who manage to SELL before 1997, 2000, 2007 ;)

    Don't need to sell 100% everything. Going more than 50% in cash is already considered skill!!!


    Must take responsibility. Cannot always blame the market.

    You fell asleep at the wheel (forgetting there are cycles) in 2008; now you are prepared even if market surprise us to take out the fun ;)


    Markets up or down we have no control or influence. (Its all pure dumb luck!)

    But HOW much we want to remain vested is 100% in our control ;) (Some skill involved?)



    ReplyDelete
    Replies
    1. When we having too much fun in the market we forgot about the Time. Sigh!

      Delete
  3. i can tell U i think i purchased Keppelcorp, Sembcorp, and most at the lower prices then most of U who are blogging here.

    Sorry i think even CW.

    Because i started in 1987/88 - Greenhorn.

    So i sold almost every things making about $150K - very happy liu.

    1st time saw so much "FOC" money ma.

    That's why i always wonder if i adopt CW's "Panadol" method, will i do better or worse?

    ReplyDelete
    Replies
    1. So you pocketed 10 bagger and laughing all the way to bank. :)

      Do you double up $150K since then?


      Delete
    2. Not really lah.

      i only can say though i "Boh Tak Chet" - "Wu LI WU TU YA YEOW TAU NA PIAN LIU"

      Delete
    3. 30 years of panadols is more than 10 baggers and still remaining another 10 baggers of urealized capital gains. $150K --> $500K in 30 years

      Delete
  4. Now we have to be careful on another 30 years forward.(As if i going to live so long).

    Looking at today World, newer, and newer tech going to disrupt all our former assumption of blue chips.

    i don't want to bet on OIL and OIL related industries or coys.

    Even stalwart like SPH is going to change to ?????

    ReplyDelete
    Replies
    1. Yes, agree.

      SG GDP growth for the next 20 years is ~ 2~3%. Many bluechip companies will be either have slow growth or out of game.

      Delete
  5. With low cost capital based already locked in; at the next bear market you can easily switch to different categories of sick horses for the Return of the King!

    Once right; the next time is much easier to do it again without too worry of losing hard earned money.

    ReplyDelete
  6. i remember you agree about stock investment or pickings is like :-

    "Again, you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life."

    Steve Jobs

    i think SPUR got his points.

    i have flirt with the idea of buying SPY: SPDR S&P 500 & SPY: SPDR S&P 500.

    But i never like FX because our SING $ is "always" remain strong against most other countries.

    Another time, when investing in gold got GST in Singapore but not in HK, i was thinking of opening a HK DBS gold investing account.

    Also gold was at it's "lowest" at that time if not the lowest.

    Again, the bias of our strong Sing $ detered me of doing so.

    Because of this bias, i think i have missed making money opportunities.

    Of course i am talking like what Steve Job famous quotation implied.

    Or put it simply, back view driving is always "correct".

    ReplyDelete
  7. SPDR S&P 500 & PowerShares QQQ Trust i mean.

    ReplyDelete

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