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Ok so much so for institutional portfolio managers. On average, they are crap. Once in a while, you find stars like Peter Lynch, Seth Klarman and Warren Buffett. But these exceptional people are far and few in between.
The interesting story about Seth Klarman is always about this book that he had written like ages ago, called “Margin of Safety”. It talks about value investing and it didn’t sell well at all. So it went out of print. But recently, some Wall Street people started to bid for it on Ebay and it was sold for US$1,000!
Well, I got a free internet copy and am reading it. Cost me like S$10 to get it printed and binded.
Anyways, today we talk a little about portfolio management for the retail investors. How can a retail guy like you and me try to do some portfolio management?
Well, first, we must have like a couple of tens of thousands to start with. If you only have $10k. Then you can basically only buy 1 or 2 stocks. There is not much portfolio management to talk about. Just buy the blue chips or maybe buy an ETF and wait for it to grow to like $50k. (more…)
Tek Wee sent me an interesting Equity Curve Random Generator. So what is this generator about? It is for you to calculate your profitability in the long run, with a specific risk reward ratio per trade. In other words, how many times can you be wrong, yet you can grow your capital [...]
blockquote>…but I am more interested in the electronics data
On a month on month basis, industrial production declined by 23.4 mainly because Biomedical grew only at 29.8% from more than 100% in May 2010. More details can be found at the EDB website here.
Back to electronics – this is important to me because 40% of [...]
In this third and final part of Boustead’s analysis, I will post the entire transcript of Boustead’s audiocast for FY 2010 results, and after that I will highlight some salient aspects of the company (coupled with insights from the recently obtained Annual Report for FY 2010) to shed some light on [...]
If you have cash that is earning 0.5% per annum, and you are worried about the current level of the stock market and the uncertainty in the global economy, which option would you prefer?
Invest the money for 5 years to get a guaranteed return of 10% (i.e. 2% per year)
Keep the money in [...]
There is always comparison between Fundamental Analysis (FA) and Technical Anaylsis (TA). There is enough supporters at each side of the house, claiming FA/TA is more superior than the other. So which is better? FA or TA?
The reason why market participants require FA or TA is because the flow of information [...]
…this explains the low volumes as investors try to digest the mixed signals and even double dip concerns
I have been bullish about stocks despite the Euro debt crisis mainly because I felt the Euro problems were mainly confined to the PIGs which were small countries and the largest among them, [...]
It’s hard to buy right at the bottom. From personal experiences, if I ever bought a counter right at the bottom – the elusive inflection point just before it turns up – it’s just due to sheer luck rather than any godly skills in technical analysis or fundamental analysis. And because [...]
The last time I wrote about China Hongxing was on 3 July. At that time, there were still mixed signals.
On Thursday, two sessions ago, there was a buy signal on the MACD histogram and the MFI broke out of its downtrend. Volume expanded 10 times in the last session as price hit a [...]
We have now come to Part 10 of this 13-part series for Sun Tzu, War On Business. So far, it’s been a good journey with yours truly learning a lot of business lessons by observing and watching this half-hour program every week. Hope readers have been enjoying the posts so far as [...]
Every newcomer to the forex arena is confronted by information overload. Every tutorial councils that to be successful you must have knowledge, experience and a disciplined approach to the market, free from emotional influences, but all of these efforts require an investment of time. The fact is that forex trading requires [...]
I have slowed down my trading pace recently. Taking a step back and review my trading behaviour and psychology. It was apt to pick up Conrad Alvin Lim’s “Secret Psychology of Millionaire Traders” from the library to aid in the analysis of myself.
Find Reasons NOT to trade
I confessed I am a compulsive [...]
The good thing about sharing in this blog is that, it is presenting the opportunities to meet some people that I would not have met. Talk about TW, a full time trader, who emailed me for a chat. As usual, with the defensive nature of humans, I was trying to figure out “what does he [...]
blockquote>…but I am more interested in the electronics data
On a month on month basis, industrial production declined by 23.4 mainly because Biomedical grew only at 29.8% from more than 100% in May 2010. More details can be found at the EDB website here.
Back to electronics – this is important to me because 40% of [...]
If you have cash that is earning 0.5% per annum, and you are worried about the current level of the stock market and the uncertainty in the global economy, which option would you prefer?
Invest the money for 5 years to get a guaranteed return of 10% (i.e. 2% per year)
Keep the money in [...]
…this explains the low volumes as investors try to digest the mixed signals and even double dip concerns
I have been bullish about stocks despite the Euro debt crisis mainly because I felt the Euro problems were mainly confined to the PIGs which were small countries and the largest among them, [...]
In this third and final part of Boustead’s analysis, I will post the entire transcript of Boustead’s audiocast for FY 2010 results, and after that I will highlight some salient aspects of the company (coupled with insights from the recently obtained Annual Report for FY 2010) to shed some light on [...]
The last time I wrote about China Hongxing was on 3 July. At that time, there were still mixed signals.
On Thursday, two sessions ago, there was a buy signal on the MACD histogram and the MFI broke out of its downtrend. Volume expanded 10 times in the last session as price hit a [...]
Last Friday at our “Investment Strategy for a Volatile Market” seminar organised by Lim & Tan I/we were asked what China stock/s investors could look at. I told the attendees that we already had two China stocks in My Stock Picks (Sinomem and China Animal Healthcare). I was thinking of [...]
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