31 July 2015
CAPITALAND COMMERCIAL TRUST (REIT)
30 July 2015
CAPITALAND COMMERCIAL TRUST (REIT)
09 July 2015
UOB ASSET MGT LTD UTD FT/XINHUA CHINA A50 ETF
added 2.58/2.55/2.52
Labels: Live Trading Records
KEPPEL CORP
08 July 2015
How To Be Right When Investing - Buy Good Companies at Bad Times
David Kuo
Dear Foolish reader,
Tucked away in the heart of Singapore’s Chinatown is a chef who, it is reckoned by many, makes some of the best soya-sauce chickens in town.
I had a feeling I was going to be in for a special treat, when I eyed the long queue of customers, who were patiently waiting in line for their turn to be served.
Of course, long queues do not always equate to good fare.
But in this case, there was something a bit different. The customers were evidently regulars, judging by the cordial rapport between chef and patrons.
All gone
As luck would have it, though, the racks were depleted by the time it was my turn to be served. There was not even a giblet in sight.
So, I made another attempt the following week. But, again, luck was not on my side - there was nothing left the second time around, too.
Thankfully, it was third time lucky. I finally got what I wanted. And it was clear from the very first mouthful of the golden-brown chicken as to why diners are prepared to wait, uncomplainingly, in line.
Waiting for the right stock to come along is a bit like waiting for that first taste of the succulent soya sauce-infused chicken. In other words, we should never feel that we have to settle for substitutes, if there is nothing in the market worth buying.
Be right
We are not paid to be busy - we are paid to be right.
Warren Buffett once said: “You do things when the opportunities come along”.
He added: “I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a thing.”
All too often, though, people buy stocks for all the wrong reasons.
They buy for reasons that are not based on fundamentals, which invariably end in selling for reasons that are not based on fundamentals. They are the reason for the erratic price swings, which are, quite often, unrelated to what is actually happening to the underlying businesses.
But as long as we understand why price swings happen, then we can capitalise on it.
Greed, fear and folly
Investing should never be about chasing fads. Nor should it simply be because prices are rising, as many Shanghai and Shenzhen investors have recently discovered.
Warren Buffett once pointed out: “The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable.”
Investing should be about trying to estimate the yield on an asset over the lifetime of the asset. That is how we make money from shares.
Speculation, on the other hand, is predicting what the market might do next, which is nigh on impossible. That is how we lose money from shares.
One-time events
So focus on picking good stocks at good times and stay with them as long as they remain good companies.
The Singapore market has many examples of companies that have delivered solid returns for investors over the long term. They include in no particular order of “goodness” Keppel Corporation, Dairy Farm and Jardine Cycle & Carriage.
They might be unloved right now as a result of unusual circumstances.
But excellent opportunities happen when superior businesses are hit by one-time event that depress the stock price in relation to their intrinsic values.
Be sure to follow us on Facebook for the latest in Foolish investing.
'Til next time ...
Dear Foolish reader,
Tucked away in the heart of Singapore’s Chinatown is a chef who, it is reckoned by many, makes some of the best soya-sauce chickens in town.
I had a feeling I was going to be in for a special treat, when I eyed the long queue of customers, who were patiently waiting in line for their turn to be served.
Of course, long queues do not always equate to good fare.
But in this case, there was something a bit different. The customers were evidently regulars, judging by the cordial rapport between chef and patrons.
All gone
As luck would have it, though, the racks were depleted by the time it was my turn to be served. There was not even a giblet in sight.
So, I made another attempt the following week. But, again, luck was not on my side - there was nothing left the second time around, too.
Thankfully, it was third time lucky. I finally got what I wanted. And it was clear from the very first mouthful of the golden-brown chicken as to why diners are prepared to wait, uncomplainingly, in line.
Waiting for the right stock to come along is a bit like waiting for that first taste of the succulent soya sauce-infused chicken. In other words, we should never feel that we have to settle for substitutes, if there is nothing in the market worth buying.
Be right
We are not paid to be busy - we are paid to be right.
Warren Buffett once said: “You do things when the opportunities come along”.
He added: “I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a thing.”
All too often, though, people buy stocks for all the wrong reasons.
They buy for reasons that are not based on fundamentals, which invariably end in selling for reasons that are not based on fundamentals. They are the reason for the erratic price swings, which are, quite often, unrelated to what is actually happening to the underlying businesses.
But as long as we understand why price swings happen, then we can capitalise on it.
Greed, fear and folly
Investing should never be about chasing fads. Nor should it simply be because prices are rising, as many Shanghai and Shenzhen investors have recently discovered.
Warren Buffett once pointed out: “The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable.”
Investing should be about trying to estimate the yield on an asset over the lifetime of the asset. That is how we make money from shares.
Speculation, on the other hand, is predicting what the market might do next, which is nigh on impossible. That is how we lose money from shares.
One-time events
So focus on picking good stocks at good times and stay with them as long as they remain good companies.
The Singapore market has many examples of companies that have delivered solid returns for investors over the long term. They include in no particular order of “goodness” Keppel Corporation, Dairy Farm and Jardine Cycle & Carriage.
They might be unloved right now as a result of unusual circumstances.
But excellent opportunities happen when superior businesses are hit by one-time event that depress the stock price in relation to their intrinsic values.
Be sure to follow us on Facebook for the latest in Foolish investing.
'Til next time ...
Labels: Stock Trading System
UOB ASSET MGT LTD UTD FT/XINHUA CHINA A50 ETF
bought 2.62/2.59
Labels: Live Trading Records
KEPPEL CORP
07 July 2015
METRO HOLDINGS LTD
06 July 2015
KEPPEL CORP
04 July 2015
香港股市历史上十次暴跌
第一次，1974年石油危机
恒生指数跌到150点，那时候是全世界经济大衰退。
香港股市现在每天成交量只有500亿，很多人说很少、很惨，但你知道1974年石油危机的时候，只有900万。
但不用2年，恒生指数升了3倍。
第二次，1976年毛泽东去世
恒生指数跌了20%，由400多点跌到300多点。
两年后恒指升了5倍。
第三次，1983年港币大贬值
恒生指数1800多点跌到600多点。
当时从1美元兑5块多港币跌到8块多，还传说港币会变水，将继续跌到1美元兑20块
那一年很多事情发生， 怡和迁册百慕大（注1）。
其后香港股市升了6倍。
第四次，1987年全球股市暴跌
恒生指数差不多4000多点跌到1800多点。
美国股市一天暴跌22%，香港停市4天。
后来两年升了2倍。
第五次，1989年64
恒生指数由3300多点跌到2000点。
之后升了1倍半。
第六次，1990年伊拉克打科威特
股市从那以后3年时间升了4倍半。
第七次，1995年霸菱事件。
当时股市也是大跌，其后恒指升了2倍半。
第八次，1998年索罗斯攻击香港联合汇率
还有港基银行挤兑、百富勤倒闭等一连串消息，股市也是暴跌，错误得离谱。
之后股市由6000多点升到18000多，差不多3倍。
第九次，2003年SARS（非典）
恒生指数过后从8000多点升到3万多。
第十次，就是现在美国次贷危机
．．．．．．
涨的时候还可以再看涨是因为我们现在的经济特别地好，所以还会涨,但07年五千点以上谁不知道那时的经济基本面特别地好?
跌的时候还可能再跌是因为我们现在的经济特别地差，所以还要跌,现在是地球人都知道全球的经济基本面特别地差了。但问题是，还可以更差么？
恒生指数跌到150点，那时候是全世界经济大衰退。
香港股市现在每天成交量只有500亿，很多人说很少、很惨，但你知道1974年石油危机的时候，只有900万。
但不用2年，恒生指数升了3倍。
第二次，1976年毛泽东去世
恒生指数跌了20%，由400多点跌到300多点。
两年后恒指升了5倍。
第三次，1983年港币大贬值
恒生指数1800多点跌到600多点。
当时从1美元兑5块多港币跌到8块多，还传说港币会变水，将继续跌到1美元兑20块
那一年很多事情发生， 怡和迁册百慕大（注1）。
其后香港股市升了6倍。
第四次，1987年全球股市暴跌
恒生指数差不多4000多点跌到1800多点。
美国股市一天暴跌22%，香港停市4天。
后来两年升了2倍。
第五次，1989年64
恒生指数由3300多点跌到2000点。
之后升了1倍半。
第六次，1990年伊拉克打科威特
股市从那以后3年时间升了4倍半。
第七次，1995年霸菱事件。
当时股市也是大跌，其后恒指升了2倍半。
第八次，1998年索罗斯攻击香港联合汇率
还有港基银行挤兑、百富勤倒闭等一连串消息，股市也是暴跌，错误得离谱。
之后股市由6000多点升到18000多，差不多3倍。
第九次，2003年SARS（非典）
恒生指数过后从8000多点升到3万多。
第十次，就是现在美国次贷危机
．．．．．．
涨的时候还可以再看涨是因为我们现在的经济特别地好，所以还会涨,但07年五千点以上谁不知道那时的经济基本面特别地好?
跌的时候还可能再跌是因为我们现在的经济特别地差，所以还要跌,现在是地球人都知道全球的经济基本面特别地差了。但问题是，还可以更差么？
Labels: History
