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DBS
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DBS
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willisow
Master |
28-Aug-2016 14:00
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Certification provide an entry to a job, education provide a direction in life where else skill n knowledge provide a career for ourselves..once I watched a documentary show talking about a Japanese sushi chef..he is already 80 years old but everyday he is still striving to make the most delicious sushi..he received numerous award for himself n his restaurant, only he n a French chef received the highest award from micheln n he was also invited by the Japanese emperor to make sushi in the palace.. He said when someone uses his entire life to try to perfect a single task, the reward will come automatically.. :)
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sgng123
Supreme |
28-Aug-2016 13:13
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Easy way is track the sti and trade component stocks, defensive stocks that hold monopoly in sg tend to drop less while growth stock tend to trend with sti. Just don throw everything in 1 go , dollar averaging and cut losses or profit taking if needed normally it is 15% , due to current uncertainty set it to 5% . |
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Qanghoo
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28-Aug-2016 13:10
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Wah, u btc can compose such a lengthy essay abt urself.  Super good.  Let me share a bit abt someone I know since childhood who was deemed ESN, never got beyond Pr 2, I think.  Recently I got an SMS from him, full of spelling n grammatical errors.  But I told another friend this was really amazing from one written off as btc (buay tak chek). 
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willisow
Master |
28-Aug-2016 12:04
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Subject: Buying Cheap Versus Buying Low During the early days of my investment career, I' m always thinking of buy low n sell high. There is distinction between buying cheap n buying low. It is difficult to buy at the lowest price unless we r lucky but it is not difficult to buy cheap. Buying cheap refer to the share price in relation to a company operating earning n cheap purchase does not necessary meant it is the lowest price. Let me quite an example (I will use real life example). Last year during the Q4 I recommended standard chartered bank to my friend who has his business in prc. Based on historical performance I bought at 50% off its operating profit at hkd50 plus or equivalent to about one third of its net book value which is perceived to be cheap historically. Due to busy schedule my friend have no time to transfer money back to sg for the purchase n when he eventually did so the scb price dipped to hkd40 plus, thus he immediately bought it. I congratulated my friend becos the price he bought was just an arm length to the lowest price..however comparing to him my purchase value dipped about 20%. Nevertheless after waiting for about 2-3 quarters scb hit my valuation of hkd60 plus n we immediately sold off..my friend earned a stunning return of more than 50% in just 6-7 months n I made slightly more than 20%. Thereafter he treated me a bowl of frog porridge n we celebrated together. Hence when we compared to the three local banks at buying 30% off their operating profit, we will buy cheap for DBS at sgd15 n below, ocbc at sgd7 plus n below n uob at sgd16 plus n below. As for ocbc it presented one opportunity to buy till date n that is during Q1. Uob share price has remain  resilient so far n has offer no opportunity to buy so far, as for DBS there were two opportunies in both Q1 n Q2...thank you   |
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willisow
Master |
27-Aug-2016 19:42
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Wow! Cain, u r much capable than I do, u started your own business at such young age, really admiring..in life we may not be good at everything we do but we will also not be bad in everything we do, there will be something that we will be good at..thanks for sharing n may your business continue to grow handsomely as you are..well done :)
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cain85
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27-Aug-2016 19:21
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Investment wise I just started so still green, life experience I think I still have many more to learn but I can share abit here about myself.
In my early 30s now, been through abit of wave up n down but I can feel u when u say u were gonna put things behind n start something new in a foreign land with negative feedback n comment n not much surpport. I'm self employed dealing with f&b, 7 to 8 yrs back as I wanted to start my own business I too face all the negative feedback n comment with out any help n little capital. It's really a all or nothing situation with no alternative route n I took up quite some Loan from the bank so it's really stressful. At first business was bad, I was depress n though it's the end for me but my mentor knock some sense telling me even if I was to fail I also must fail with pride still must give in 100% n we never know until the last min. We are the one marking our own test paper not others just give all we got since I already nothing. I was lucky, after 6 month things slowly pick up n I SURVIVE!!!! So in life it's really give in 100% for what we do n we will only know our result through time n never give up!!! Pardon my English as I btc one. Try to type as nice n proper Liao... Lol!! Cheers.... Happy weekend guys :)
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willisow
Master |
27-Aug-2016 18:57
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Hi cain, u r welcome to join our discussion as well, we can share knowledge among each other n u may have wisdom which I lack off..we should take this sj as a channel of making friends, not necessary everytime we have to talk about investment, there are many things we can learn from each other in life as well :) thank you...
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willisow
Master |
27-Aug-2016 18:43
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Hi Sun, fascinating to learn of your mentor' s experience n he is right. Investment is doing business n u hold a fraction of the entity. During bad times when profit are down businesses need time to turn around. It can' t be after dropping 30% profit n they are back to the original shape the next day, this is the real economy or the prc called it 实 体 经 济 . On the other hand over the stock mkt, after the crashed it take time for ppl to switch from fearful to greedy n this is called illusion economy, prc called it 虚 拟 经 济 . Thus irregardless which economy we are talking about it still take time for our investment to bloom n holding a stock for 1-2 years is very normal. Not to mention the real master Mr Warren Buffett hold some of his stock for 40-50 years that is even more incredible. Heaven already reserve a super VIP seat for him :)  
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cain85
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27-Aug-2016 17:20
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Thanks for sharing all these experience. Really very inspirational and enjoy reading it, full of positive energy.
Hope to learn more from u guys :) |
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sun233
Elite |
27-Aug-2016 17:01
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So do i. Keep it up. All of us have made mistakes and we learn. Good to share. I' ll tell you a short story. A good friend of mine just started investing in the last crisis. All along earning good pay he was not interested in investing.His monthly income a cool 30K. He is retired now. He is actually my mentor!!   He saved his money and waited. When the crisis hit he was ready. He bought only US shares at 1.46 per share because he believed in the China story. He bought 50 000 shares held them for a year, a year and a half ( i cant remember how long exactly, collected dividends along the way) sold off his entire stake when it reached 77.37. If you calculate the amount it will blow yr mind. That was not his only holding. It was one of 6 holdings he had and the smallest one. .It is better at times like these to be in cash.There is just too much, way too much uncertainty right now. It actually reminds me of 2008/9 times. Market was also see sawing at that time. As usual do your own due deligence. If you must trade then by all means do but when you have a decent amount then cash out.   That has been my strategy for the last year. Margin trading is dangerous in times like these.No one knows when the next crisis will come but it' s good to be ready.
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willisow
Master |
27-Aug-2016 16:31
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Hi Pinkowl, once again thank you for your support. You are right, not only it is difficult to made a decision to leave our love ones, financially it is also difficult to make a decision to quit my high income job for an unknown in the future. However life is short n I' m single with no commitment plus I was already 35 at that time, if I don' t move on to look for my own aspiration I may never do it as I get older.  Many ppl opposed to my idea especially when they knew that I' m investing in stock mkt. the strongest resistance came from my parent n it took me quite sometime to half convinced them. I said, treat it as a business, my physical body become a company n my operating cost is my self maintence cost unlike if u start a physical business the cost will be even much higher. After sometime my mum kept quiet n my dad lost his alliance, thus I quickly pack my bag n board the plane.  I have a long time friend running business in prc n he was generous enough to help me applied for business visa by adding my name as a partner, in reality I did not invest any money in his restaurant n he really trusted me. Thus with his help I have no problem staying in the prc just that every 3 month I will have to exit the country before re-entering again n that' s the reason y I always go to hk. I' m leaving certainty for uncertainty, throughout the process I have never regretted irregardless I made it or not..although I shouldered tremendous stress whenever l lose money, everyday I' m a happy man. I can spent hours n hours for research n yet I don felt tired as compared to my employment with the banks I' m dragging myself to work everyday. Most importantly I' m doing something that I have interest n that' s the motivation to go on. That' s y I fully agreed with sun' s attachment that rich don' t work for money becos when we are doing something that we have interest, we will tend to persist on when our path are stop by hurdles n money will eventually come becos u r putting 101% of your effort everyday. I will come back to sg becos I' m a sporean, just that bringing my dog back to sg from prc is really difficult becos prc is recorded as grade D country by our AVA n the requirements for exporting her back to sg are very stringent. In addition, she is already 9 years old, I don' t think she can take it when she is put into the lagguage cabin n fly for 4 hours. I will wait until she goes heaven before I come back..whenever I think of her leaving I' m very sad becos she accompanied me throughout the difficult years in prc :) 
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famouspinky
Supreme |
27-Aug-2016 15:52
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Lol
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pinkowl
Supreme |
27-Aug-2016 15:42
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Willisow, your posts are so inspirational and thanks for sharing. Pls keep them coming. It's just intriguing how you decided to cut off and move to another country.
Have you ever thought of coming back since you have 'made it'? Or used to the new country? How do you stay there permanently without a work visa? Pls keep your posts coming and ignore minority who don't appreciate such great sharing. 😊
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willisow
Master |
27-Aug-2016 14:42
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Thank you pal for your compliment..your encouragement give me the motivation to goes on. Greatly appreciated..
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willisow
Master |
27-Aug-2016 14:22
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After 7 years of hardwork, now is much much easier as compared to the beginning..when u speak to any of the value investor, they will tell u that they are very free. More time are spent on evaluating a new company. Once we fully understood how the company operate, we just need to set up spreadsheet by inputting their financial data. Thereafter we just need to monitor their performance from the quarterly report. This month is more busy becos is half year reporting month, next month will be very free, basically nothing to do. But I will keep myself busy by analysing new company becos I kept a pool of potential investment targets, whenever my existing stock hit valuation I will sell it n switch to another stock that is below valuation. Thus the larger the pool, the more investment opportunity.. I can' t have everybody to read or agreed to what I write..however those who read can take it as a second opinion n monitor it' s usefulness as time goes by. Things that Im confident to share openly, I expect it to be tested over time like the DBS n galaxy entertainment group valuation price. Thank you..
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WanSiTong
Supreme |
27-Aug-2016 14:19
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Hi willisow ,  Thanks so much for taking the time to share your knowledge n experience with us, greatly appreciated. You write well and I do enjoy your posts.  
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sg_investor
Member |
27-Aug-2016 13:53
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No wonder you lose $. spend so much time writing these stuff nobody reads. 
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willisow
Master |
27-Aug-2016 13:26
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Hi Sun233, thanks so much for sharing the attachment with me, greatly appreciated :) I fully agreeded on the point whereby the rich don' t work for money, while I' m still far far away from being rich I can appreciate this message becos I was a bankers for number of years with quite satisfying income however I was sick n tired of being given targets to meet becos I' m more more a technical guy than sales person n one day I decided to end my career with the bank.  I started my value investment career after reading a first book of the said subject n decided to become a full time investor. In order to minimize my operating cost (self maintenance cost) I choose to come to prc, one of the small city with living expenses just one fifth of sg. However when Im here n started working on value investment, I realized things are not so simple as I thought becos what I learned from school are way inadequate to performance value investment.  At the beginning I lost quite a lot of money in stock, I have to pressed on becos firstly this is really something which I' m interested in n I have already come so far, there is no turning back. Thus I started reading more n more about value investment, nevertheless I still continue to made mistake n lose money, however every mistake made I gain more insight into value investment n experience were accumulated from it (I have at least made few hundred mistakes, I have lost count of it). The first three years were the most difficult year becos whenever I lose money it rock my confident n I always get negative comment from parents, relatives n friends telling me to give up n get back a job with the banks. I began to see light from the tunnel starting from year 4 onward. The number of mistakes I made is getting lesser n lesser n most importantly I began to generate consistent income from value investment n now my parents no longer ask me come back becos they also see my progress..it is never easy to be alone (my dog from sg came with me :) ) n far away from parents n friends. Everyday I stuck my head in a pool of research for at least 12-15 hours, if it is not becos of my great interest I  would never have persisted on. Thus, I consider myself lucky to have the opportunity to do something that I liked in life. Not many ppl are as lucky as me. when I came to sj, the discussion going around are very similar to what I have did before during the early stage of my value investment process. Example, focussing attention on information from media, macro factors, daily monitoring of share price n etc. I can also understand the fear involved when things are not in our direction, I have been through all these. Thus I hope to share information n experience to ppl who does not have the luxury n opportunity like me to focus full time to drill into different valuation method. More importantly, if the knowledge that I have acquired can be of useful to more ppl, more stray dogs n cats will be helped too (I believe everyone of us is kind in nature). Thus I do carry motives in sj, they are sharing of knowledge n experience plus promoting donation n help to  the strays.  :)
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sg_investor
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27-Aug-2016 13:04
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should one heavy weight banks now?    |
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pinkowl
Supreme |
27-Aug-2016 12:44
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Thanks, sun. Love the read. 😊
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