tag:blogger.com,1999:blog-8488305785096287326.post7817372030845460835..comments2024-03-28T15:28:28.391+08:00Comments on A Young Investor's Diary: Lessons Learnt From My First 3 Monthssgyounginvestorhttp://www.blogger.com/profile/02036598665471392859noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-8488305785096287326.post-68660324678107134172012-08-15T21:08:51.020+08:002012-08-15T21:08:51.020+08:00Mistakes are the most precious lesson one can have...Mistakes are the most precious lesson one can have throughout the investing journey. Emotional control is very important and one should try not to mix up the idea of investing and trading.sgyounginvestorhttps://www.blogger.com/profile/02036598665471392859noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-24906881730670564622012-07-29T13:31:42.541+08:002012-07-29T13:31:42.541+08:00Your Eight Lessons are what i have learned and gon...Your Eight Lessons are what i have learned and gone through as well. They are important because this give confidences in your investments.<br /><br />They is tendency to do trading always. I specifically marked them and sell immediate if things go the other way. They form a small part of my portfolio.<br /><br />As for XIRR, is a good tool to help you. Try to learn it.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-22902041549872478482012-07-28T18:37:13.393+08:002012-07-28T18:37:13.393+08:00Hi, that was my style when i started out in my fir...Hi, that was my style when i started out in my first 3 months. Result was bad and I have since changed since 2012 onwards. So far, I have only divested UOB Kay Hian and a partial divestment of SIA Engineering. 2 more months, and VICOM will be the first stock that I have held for more than a yearsgyounginvestorhttps://www.blogger.com/profile/02036598665471392859noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-34396811604741204882012-07-28T11:05:02.156+08:002012-07-28T11:05:02.156+08:00Agreed with Createwealth8888. Your style (in out ...Agreed with Createwealth8888. Your style (in out within such a short time) seems like Trading instead of Investing.<br /><br />You need to decide for yourself whether you want to do Trading or Investing. If you want to do Trading, you will probably need more Technical than Fundamental.Tonyhttps://www.blogger.com/profile/10829262996768456738noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-57250342794264364822012-07-24T17:40:50.069+08:002012-07-24T17:40:50.069+08:00Something which I have learnt is when to "buy...Something which I have learnt is when to "buy and hold" and when to cut loss. If the fundamental of the company bought is flawed, there is no 2nd qns about cutting loss immediately. That was what I did on 19th January 2012 and diverted excess fund to those with better fundamentals. Shortly after, I remembered seeing Eratat rising all the way to $0.15 and more, but I told myself that I did the correct thing by selling it away at $0.105.<br /><br />Same thing goes for Sunvic and mewah. "Buy and hold" should happen only when the fundamental of the company is sound and that one has done the necessary homework.sgyounginvestorhttps://www.blogger.com/profile/02036598665471392859noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-29344350957848685012012-07-24T17:36:33.505+08:002012-07-24T17:36:33.505+08:00I will definitely check those books and articles o...I will definitely check those books and articles out. Investing will always be a life-long learning experiencesgyounginvestorhttps://www.blogger.com/profile/02036598665471392859noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-88668912946914200822012-07-24T17:35:38.100+08:002012-07-24T17:35:38.100+08:00Hi, I think I will just stick with NAV since I am ...Hi, I think I will just stick with NAV since I am very unlikely to have the ability to inject new capital into my portfolio for the next 4 years. I think 1 reason why I am having trouble with XIRR is that I have traded too many time initially.<br /><br />You are right that bookkeeping is of much less importance as compared to the actual decision making. I am glad to have made these losses when my initial capital is small and yet the lessons that I have learnt will probably have cost people so much more.sgyounginvestorhttps://www.blogger.com/profile/02036598665471392859noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-83580489198417709312012-07-24T13:51:10.347+08:002012-07-24T13:51:10.347+08:00Aren't you glad you sold Eratat :)
It was the...Aren't you glad you sold Eratat :)<br /><br />It was the market darling, and analysts were so positive about it. The most positive report was from the SIAS analyst who gave a call of $0.325.<br /><br />It was at around the same time I warned many not to buy into this:<br />http://wealthbuch.blogspot.sg/search/label/China%20Eratat<br /><br /><br /><br /><br />Anyway, there was a time I deviated from my original thought out investment plan, and started speculating. Like you said, I couldn't take the price fluctuations, and I came out worse. Berlian Laju and Hor Kew are my only 2 counters left from pure speculations.JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-38327538266979073742012-07-23T22:47:10.565+08:002012-07-23T22:47:10.565+08:00Hi The 21 Years Old Investor,
This is probably my...Hi The 21 Years Old Investor,<br /><br />This is probably my only comment here, and I hope it'll serve you well.<br /><br />Check out books/articles from John Bogle, Larry Swedroe, Rick Ferri, William Bernstein. Locally, check out Wilfred Ling.<br /><br />I hope this post exposes you to something new and valuable. You decide how you want to continue your journey thereafter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-3617800022414993202012-07-23T21:16:46.382+08:002012-07-23T21:16:46.382+08:00For trading, why bother with XIRR?
I thought tra...For trading, why bother with XIRR?<br /><br /><br />I thought traders measure Win$/Loss$ and No of Wins/No of Losses???Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-17172618912507901602012-07-23T11:01:40.976+08:002012-07-23T11:01:40.976+08:00By the way, you may want to invest in a Investing ...By the way, you may want to invest in a Investing Diary or Trading Journal. I think I will blog about it tonight.<br /><br />Although you blog is already a sort of Investing Diary ;)<br /><br />Very good reflections of your trading journey!<br /><br />2 questions to help deepen your reflection that accounting skill is important:<br /><br />1) How much do companies pay bookkeepers and accountants (keeping records)? Or is the money more in Corporate Finance or Financial Management (using numbers to make decisions)?<br /><br />2) Those qian-beis in valuebuddies who can make money, but no clue or slow in understanding XIRR or NAV way of calculating their performance, would their performance improve/suffer now there's greater clarity in "accounting"?<br /><br />Remember your strength is not knowing what cannot be done ;)<br /><br />Cheers and have fun!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-8488305785096287326.post-34893348509483323172012-07-23T10:46:41.032+08:002012-07-23T10:46:41.032+08:00Hello Shanrui,
Glad you blog is OK now :)
XIRR i...Hello Shanrui,<br /><br />Glad you blog is OK now :)<br /><br />XIRR is easy if you just focus on the annual returns of your portfolio - not the individual transactions. <br /><br />See this website for explanation:<br /><br />http://www.moneycone.com/did-you-beat-the-market-mr-investor/<br /><br />You know why quite a few qian-bei in valuebuddies got "lost" using XIRR? <br /><br />Investors will get it right the first time. Traders may take a longer time to figure it out... LOL! <br /><br />I prefer to count in money but that's another story altogether ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com