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)
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1 hour ago
SMOL "If you tell your readers your 10 bagger Keppel or Sembawang is only 1000 shares each, they will go, "Cheh!"
ReplyDeleteLOL!
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Yes, beside getting it right and hold, the sizing is also equally important.
Ray,
DeleteYup. 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 ;)
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...
Delete1/3 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...
CW,
ReplyDeleteThat'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?)
When we having too much fun in the market we forgot about the Time. Sigh!
DeleteSo you pocketed 10 bagger and laughing all the way to bank. :)
ReplyDeleteDo you double up $150K since then?
30 years of panadols is more than 10 baggers and still remaining another 10 baggers of urealized capital gains. $150K --> $500K in 30 years
ReplyDeleteRead? The Investing Stories Behind Singapore's STI Blue Chips
ReplyDeleteMore than 30 yrs in APB
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!
ReplyDeleteOnce right; the next time is much easier to do it again without too worry of losing hard earned money.
Yes, agree.
ReplyDeleteSG GDP growth for the next 20 years is ~ 2~3%. Many bluechip companies will be either have slow growth or out of game.