Author: STE's Stocks Investing Journey

Bye Bye M1 : Catching A Falling Knife

Finally , I have completely sold all my remaining share of M1 at lost of -$14,226.78 , while some might still waiting or hoping for a better counter-offer from another major shareholder. Yes it is a negative XIRR of -5.5% after close to 4 years of investing. Have to admit that I have underestimated the impact of “regulatory risk “ after the government  announced the new permit for 4th Telco and the subsequent disruption from severe “price war” not even the start of operation of 4th Telco.  Share price of all the Telco dropped by more than 40-50% from the peak since after the announcement of possible 4th telco...

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4th Quarter 2018 : Dividend and Portfolio Update

Yeah !! Is time to update my dividend & interest income to be collected in 4th Qtr 2018. This will be a short and quick update as I am heading to JB for 2 nights staycation on 20th & 21st Oct and follow by another on 25th & 26th Oct to Lexis Hibiscus Port Dickson . From now till January 2019 it will be quick pack for me as school holidays just started and will have more fun and spend more time on outdoor activities with my kids , as usual like rock climbing and ice-skating or even planing to climb “Bukit Timah...

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Hold Your "F.I.R.E" , Your Dividend Has Just Been Cut By 81.5% !!

Yes, not by -8 % or -38% but -81.5% !! This is what happened when APPT (Asian Pay TV Trust) announced their result and dividend pay out for next quarter this morning. I think most of the so called ” income investors ” (including me)  were stunned by this sudden news and of course the share price dropped by -49.2% and closed at $0.16 today. I still have small position of this stock in my portfolio ( 0.4% ) and expected it (dividend) to be cut by 50% to around 3 cts which is a more sustainable level level and close it’s FCF and may still gave...

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Is Winning the Lottery Cursed?

Winning the lottery can be a huge, life-changing event. Imagine you’d just won few millions $$ from TOTO and not to forget the probability of an ordinary S$1 bet winning the jackpot  is 1 in 13,983,816 chance. You must be “damn lucky “ in winning the TOTO but what happen to your life after receiving such big “windfall “. Will your life change better or worse, according to a study , “Lottery winners, despite overwhelming odds, are a rare few to win millions on the turn of a dime. Many are simple people just struggling to get by. Having their financial concerns suddenly vanish must feel good. However, there’s a darker side...

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Worrying Too Much About Stock Market Fluctuation

I know we worry about myriad of issues concerning stocks market because it affects our portfolio value day in day out. Our heartbeat increase when we look at the news headlines about “ trade war “ , “Interest rate increase “ , “ EM slow down” , “US Mid-term election” , “Sanction on Iran “ etc.. But should we press our panic button to “ buy or sell” every time we saw these news headlines which cause the market to fluctuate up and down ? Read this before you make a hasty act on trading your stocks base on “ News Headlines “. Buy...

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DOW .. Down ..Down.. Up ..Up…

Today mark the last trading day of Oct 2018 , Yes ! Indeed , it’s a “choppy and volatile” month for STI and world markets. DJ could swing more than 600 points intra-day from positive to negative. Well , that is really the characteristic of “Mr Market”, it swing like a pendulum. Again, many of my friends are asking me if I am selling my stock as market seems very volatile and ‘risky” ( for them ) , but my answer to them is the same , “No” , I am not selling but just do some “portfolio reshuffling...

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Is The Fed Has Really “Gone Crazy” ?

Yes, this is what President Trump said after Federal Reserve’s recent rise in interest rate  and signals for more to come which has caused the recent “market rout” where world major indexes  dropped by more than 5-8% in two days including most of the Asian’s stock market.  I am sure you have been bombarded by all sort of news headlines on “Market Crash “ or even active discussion about share price dropped or portfolio value decreased among your chart group. In line with all major market indexes, STI also corrected by more than -200 points and it has  downed...

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OMG !! October : The Month of Market Crashes

<image credit:CNNMoney.com> Do some months have significantly different stock market returns than others? I am not so sure, but many investors belief that October will be the bad month for stock markets and January will be better with higher than average return.  Is it true that we can time the market base on calendar months like “Sell in May and go away “ ,buy in December for Santa Claus Rally “ and  January Effect etc…which sometimes may refer to as “ Calendar Effect”.(link) October is a unique month. In the west, October is a transitional month, autumn sliding relentlessly...

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M1: Pre-Conditional Voluntary GO at $2.06

有人欢喜有人愁 If there’s one issue dominating the business headlines these days, it’s definitely the ” Depending on what was your entry price and average cost , some may make money at this offer price and some may still losing money. I am the one belongs to the second group as my average cost is well above $2.06. This is a typical “Buy High Sell Low “ case as I have decided to sell some at around $1.53- $1.59 , 2 weeks ago.  By hindsight , I should have keep these stocks or buy some more to average down my...

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Asset Bubble : From Tulipmania to Bitcoin

<image credit: realinvestmentadvice.com> “ An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset’s intrinsic value.  It could also be described as a situation in which asset prices appear to be based on implausible or inconsistent views about the future. Asset bubbles date back as far as the 1600s and are now widely regarded as a recurrent feature of modern economic history. Historically, the Dutch Golden Age‘s Tulipmania (in the mid-1630s) is often considered the first recorded economic bubble.” From Wikipedia.com We...

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3453 Days !!

Hi , don’t say STE never give “kang-tao” or tips , you know what this number meant for right ! Hahaha… just kidding. Congratulation ! for those who have invested in US market , especially those in tech sectors like FANGs . Yes !! ·         The equity bull market is now the longest on record, at 3,453 days. ·         The benchmark S&P 500 has surged a whopping 323% over the period. ·         As traders celebrate the feat, they have four main drivers to thank: earnings growth, share buybacks, extended monetary accommodation, and a buy-the-dip mentality.   <image credit:BusinessInsier.com> But...

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The Sacrifice We Made To Obtain $1.5 Mil of Dividend

My last post on “ 3rd Qtr 2018 :Dividend and Portfolio Update”  draw much attention as how we would be able to accumulate $1.5 mil of dividend without support from family and purely by ourselves. Some readers sent me e-mail asking how we did that and some with complement and kind words, which I really appreciate.  My friend LP ( BULLy The BEAR ) suggested that I should write another follow up post to highlight how much we have sacrificed in order to obtain such amount of dividend we have today.  Another friend of mine B (A Path to...

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3rd Qtr 2018 : Dividend and Portfolio Update

YES !! Is time to calculate and tabulate my dividend & interest income for 3rd Qtr 2018 ( $$$ to be collected in month of Jul to Sep). I am happy to see some other bloggers have started to show how much dividend they will be collecting, it’s really encouraging to see some had seen their dividend amount increased much on Y.o.Y basis and I’m not sure if this is also kind of “Nudge “ link  as what Uncle CW8888 mentioned that this (by showing our dividend amount from fellow bloggers) could act as “nudge” for others / readers to...

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The Difference Between a Stock’s Value and Price

Value is a better measure for investors while price matters more to traders We, the so called “value investors” often find ourselves trying to resolve the differences between a stock’s value and its price. If you have spent any time investing in the stock market, you will know that value and price are two different measures arrived at by different means but most of the time we might confuse and mixing up “price as value”. While fundamental factors influence stock prices over the long term, supply and demand rule stock prices in the short term. More buyers than sellers can mean the stock’s price...

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Spending $XxK on Investment Courses: What Makes a Great Investor? Nature vs. Nurture

This news headline in The Business Time  dated 31stJul 2018 really caught my attention as I wonder if value investing is a result of “nature or nurture “. Can someone paying few thousand dollars to attend the so-called “ Value Investing Courses “ be able to practice what they teach and beat the market by getting Alpha or be beaten by Beta eventually. ( Link : Alpha , Beta , Smart Beta ) This is an interesting topics and debatable whether one can really learn to be a great investors like other’s skills ( e.g sports / driving /...

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