Author: STE's Stocks Investing Journey

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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Mr. Market : 市场如天空,变幻无穷。。。。莫测

I really enjoy the beauty of sky every morning or evening  whenever I look up the sky from my living room….. these photos were taken from my house in the morning or evening. Like skies , Mr. Market’s mood swings  days and nights or minutes by minutes …. “Ben Graham, my friend and teacher, long ago described the mental attitude toward market fluctuations that I believe to be most conducive to investment success. He said that you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business. Without fail,...

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HYFLUX : 成也 新加坡, 败也 新加坡

In last’s week’s Town-Hall meeting, in a distressed and disappointed mood, Hyflux“s CEO said that “ it was ironic that she built Hyflux and made it a success business story started from Singapore and yet fail because of Singapore’s project ( Tuaspring Integrated Water & Power Project  -Link). The Town-hall meeting was attended by almost 600-700 retail investors ( mostly retirees), with one reported to have invested more than $250,000 in 4.25% Perps Bond and also 200 plus MTN holders in early session. “I’m retired so this was going to be a key part of my income but now,...

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Have You Been Nudged Today ?

<In probably the most well-known example, spillage around the toilet, an age old problem for at least half of the human race, was cut by -80% using an ingeniously simple  intervention.> The 2017 Nobel Prize in Economics was awarded to Professor Richard Thaler for his contributions to behavioural economics. Prof Thaler’s work essentially questions the economic dogma of the so-called “rational man” as defined by classical economic theory, who makes decisions based on weighing the additional benefits against the additional costs of every single option. Behavioural Economics is an area of work that studies how psychology broadens the scope...

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Animal Spirit : We are all subject to irrationality

John Maynard Keynes in 1933 Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than mathematical expectations, whether moral or hedonistic or economic.  Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits—a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied...

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Patience Is Your Biggest Investment Asset

One of my reader ask me what am I doing since market has gone down by more than -10% from early May, am I buying or selling ? My answer is “No” , I don’t do any major adjustment on my portfolio , except nimble a little bit here and there with the dividend I received. Basically, my war-chest remained same in term of percentage in my portfolio. For me, I don’t think it is compelling for me to do major adjustment on my portfolio at this point of time , although the STI Index has corrected by more...

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What happen to Genco while SP Power is making close to 1 Billion per year ?

Disclaimer : I am a Hyflux N2H ( 6% CPS ) holder , my view may carry some biases towards company I have vested. As I said in my previous blog post , we shouldn’t blame anyone for lost incurred in our investment except ourselves. This is what caught my attention and I think this will further contribute to better bottom line of SP power ….. Yes , SP Power is making close to $900 mil per year  ( Base Annual Report from SP Power – here ) and all the Genco are bleeding and in red of more than...

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