portfolio update November 2017

Apologies for the late update. Have been travelling quite a lot recently.

November dividend was like this.

Dividend by month

1) singtel
2) fcot sgx capitacom starhillg fct sphreit cmt
3) spost  taisin lippo nam lee netlink
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre
6) tcil ocbc lkh
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo singre ock
9)  uob tcil cdg netlink
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo
12) sph sats ksh ock


Remarks:

With my proceeds from lmg and from the dividends, I added the following.

Added old chang kee at 76c. Should have bought this counter long ago. Hesitated and wow, it multibagged from listing price.

Luckily i kept nam lee in my watch list. when my dividends came, i managed to add some below 40c. Full year result showed improved earnings with nav up to 55c.

Added some more singapore reinsurance, steng, sats and siaen.

Also added netlink trust.





Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.




DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?

3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

thank you, lee metal

I decided to offload my entire lee metal stake. And i think this represented about 5% of the total trade of the day.


To me, 40c represents a premium to the NAV of 38.5c and personally i feel that a discount to the NAV is warranted in the first place for this counter. And moreover, the last result wasn't good. Next year dividend cut might even take place should the earnings continue this way. Long term wise i am still bullish on this counter, knowing where the bulk of its business lies in. However, the price of 40c is too attractive for me not to sell it to the next better investor. Put it in another way, i would not take lee metal private at 40c, but at a lower price than that.


The reason why i bought it at 30c a few months ago is because of its discount to the NAV and I feel that going forward 2c might be maintained. However with this sort of weak earnings, it becoming harder to tell. Personally i dislike buying and selling within such a short span of time and the reason why i had lee metal in the first place was to add 4 streams of dividends in the coming months. But things turn out the way it did and after careful consideration, for me, this is the best course of action.

Sure, i could still be entirely wrong in my thinking, And some billionaire could appear and take lee metal private at a higher price... I don't know


Disclaimer:

The above forms ONLY my own personal views.

Portfolio update October 2017 and Lee Metal Group

Dividend by month

1) singtel
2) fcot sgx capitacom starhillg fct sphreit cmt
3) spost  taisin lippo
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre lmg
6) tcil ocbc lkh lmg
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo singre
9)  uob tcil cdg lmg
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo
12) sph sats ksh lmg

Remarks:

many of my counters became very bullish following gains on the STI, including fct fcot suntec lkh etc.

one of them, which i had forgotten to update is lmg, which i just bought about 2 months ago, at a net price of around 0.295 (0.005 dividend received after buying it), represents an impressive paper gain of more than 25% in 2months (lmg 0.37 at time of writing this)












my comments:


Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.




DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?

3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

portfolio update - september 2017

Dividend by month

1) singtel
2) fcot sgx capitacom starhillg fct sphreit cmt
3) spost  taisin lippo
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre lmg
6) tcil ocbc lkh lmg
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo singre
9)  uob tcil cdg lmg
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo
12) sph sats ksh lmg

Remarks:

roxy sold on periodic review. gain was about 20% in one year. this counter is undervalued and its growing steadily. however on close review, it doesn't fit into my investment objectives as well as it did previously.

lian beng sold. double bag in 2-3years. again, this is not a bad stock, otherwise it wouldn't have gain so much. however, on close review, the yield at 63c is around 3%+ and divestment could lock in the gains and put these funds to better use.




my comments:


Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.




DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?

3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

Capitacommercial trust

CCT will be having its rights issue to partially fund a 2bil prime ppty in the marina district.

likely i would be subscribing to it, to get exposure to such prime property.

CCT being a reit, has little other option but to have a rights issue to fund such a huge purchase when this opportunity presents. the full positive effects of this might need a few years to take place, something which i think is acceptable to a lot of long term investors like myself. it is still one of the few reits in singapore which is trading below its book.

The rights amount would be slightly less than one tenth of my overall dividend for the year, so this would not have such a great impact and CCT currently occupies about 4% of my portfolio.

Imagine if CCT would occupy say 20% of the portfolio, then probably one has to ponder and ponder about what to do with this rights issue.

my options are still open even after subscribing to it. at 1.363 per new share, it probably won't be long before i can sell it for a profit, should i decide to. so long as the overall counter is still comfortably within my prescribed limit, i think i am fine holding it and milking this cow to feed other cows in my garden.

comfortdelgro and sph - multi year low prices

we see both counters CDG and SPH dropping to multi year lows, the former ended just above $2 today and the latter about $2.60 today.

both are the result of disruptive forces of today's modern world

i believe these two counters belong to many people in singapore, including myself.

i used to think they were very safe. perhaps not so now. 

However, but over a long time, my guess still is that both should be able to weather this and most likely they will not become history in our history books.

i did a portfolio check today, and it remained relatively unaffected still.

main reason is that each counter is about 4% of my total portfolio.

hence every 10% drop in one counter would represent a movement southwards of 0.4%. 2 counters even 20% each will at most affect 0.4x4% or 1.6%, which is rather negligible still. 

main thing i would like to ensure is that they still can maintain their dividends, though a small cut is still perfectly acceptable to me.

if i had only 5 counters in my portfolio of 20% each, and it contained CDG and SPH, the same drop of 20% in these two would mean 4x2% or 8%, which is actually 5x more than what i had, and its nearly one tenth drop.

so portfolio management is quite important to take care of unknown unknowns

why i don't have bonds

recently i met up with my broker. he told me bonds are popular and that i should consider buying.

i ask him how much. he told me 250k a pop

i declined flatly

1) bonds give income which DOESN'T rise with inflation

2) income is taxable in certain cases(pls read the comments below) . ie i need to declare this income

3) its not bao chi as there are reasons why bonds happen and as shown in recent cases, the bond owner might not see his money again.

4) bond prices might fluctuate. how volatile i dunno as i dont watch this



buy bonds? i rather watch james bond

why i declined to let my uni prof work for me

the title could be rather unbelieveable for most. it was for me too.

just last week, i received an sms from my university nus professor's PA asking me for a job to work at my company.

is it another person with the same name? i  thought about it and i did some checks. no, its him.

i thought about it for a while. yes, true that i need help in my company.

but i declined after second thoughts.

1) at 60 plus years old, surely he must have made enough as a professor. professors in nus must at least earn 300kpa. strange thing. may be poor investment wipe out all his savings? i don't know.

2) job scope of what he is currently doing doesn't fit mine, though he credentially he is much much more than qualified.

3) if he makes mistakes, can i tell him off?

so to avoid potential trouble, better avoid it in the first place.

(the identity will be kept confidential- the purpose of posting this is just to remind myself that education is important, so is managing ones life and finances)

Education is cheap in singapore? Read this

it is said that primary and secondary school education is free if not cheap for the citizens in singapore.
in reality, the truth is, far from that, if you consider education in totallity ie from the acedemic and non acedemic points of view.

30years ago, during my time, how many people did have tuition and enrichment lessons? It was the exception rather than the norm then

fast forward 30yrs later, now, ask again, how many people don't have tuition?
is it sufficient just to rely on the school's teachings and notes? i have been to a number of talks given by the teachers of the school of my children. they say its enough to study from the school books and notes.

my children attends enrichment lessons for various subjects, costing 30kpa for just their tuition fees.
looking at the notes from the premier tuition centres, i have to agree that the teachings complement and in addition broaden up a whole new perspective from the school's one.

my son is currently in NYPS gifted program and recently he was accepted into Raffles Institution.

personally, i haven't attended a day of tuition and don't believe in it. if u ask me, i still don't.

but sometimes, we just don't know the outcome if you don't invest in it or rather don't want to take the chance if you don't invest in it.

"they"say education is affordable and cheap in singapore. Yeah, if just attend the normal school and nothing else, its true. but i believe most parents know whats the real situation.

Portfolio Update August 2017

Dividend by month

1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost  taisin lippo
4) roxy
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre lmg
6) tcil ocbc lkh lmg
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo singre
9)  uob tcil cdg lmg
10) sgx lian beng
11) fcot taisin sgx spost  starhillg fct cmt lippo
12) sph sats ksh lmg


Remarks:

Roxy dividend was a little of a diasppointment but will continue to hold this counter for the sake of its asset appreciation in time to come, which is slow but sure imo.

Taisin dividend maintained as earnings can support it. price overvalued imo, we might see it correcting below 40c barring surprising earning report next quarters.

uob scrip opted, as usual. scrip price is a bit high but i believe the bosses think that its still value for the process.

cdg undervalued imo. added more of this. dividend even up yet price did not reflect this

singre counter added during a selldown yet can enjoy dividend. counter revisited. now its even more undervalued as nav continues to rise

lippo malls added to existing stake. plan of this counter is to invest in indonesia real estate. currency devaluation land lease issues etc...i am aware of all these, but investments all have risks right? And risk of adding lippo actually decreases risk to my original portfolio, itself will be limited to at most 2-3% i guess.

last but not least, tan chong dividend up 25%, a bullish point to support it at or above hk240. remains deeply undervalued, even more as its net asset is still growing. when will it gap closer to its nav? its anyones guess. its just a horrendously undervalued stock which just got even more undervalued.

my comments:



Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.



DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?

3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

Inspiring stories of how ordinary folks can become rich

I decide to compile some interesting but probably true stories of how ordinary folks in the streets can become rich.

One example from singapore, the others from overseas. All have something in common. ie they began poor, earned quite a basic salary in their years of working but they used the element of time to end up with eye popping and hard to believe kind of wealth.

If they can do it, why can't we?

I doubt they used technical analysis and used charts to know when to buy and sell or calculate the fundamentals of the company like the back of their hand.

I believe they only buy things they are familiar with and know which paid good dividends in the past and will most likely continue to pay good dividends in the future. And they simply keep receiving their dividends and keep adding once they come in.

Enjoy!

The first investor is Anne Scheiber, who turned a $5,000 investment in 1944 into $22 million by the time of her death at the age of 101 in 1995. Anne Scheiber worked as an IRS auditor for 23 years, never earning more than $3150/year. The one important lesson she learned auditing tax returns was that the surest way to become rich in America is by accumulating stocks. She accumulated stocks in brand name companies she understood and then reinvested dividends for decades. She never sold, in order to avoid paying taxes and commissions. She also never sold even during the 1972-1974 bear market as well as the 1987 market crash because she had high conviction in her stocks picks. She also held a diversified portfolio of almost 100 individual securities in brand names such as Coca-Cola (KO), PepsiCo (PEP), Bristol-Myers (BMY), Schering Plough (acquired by Pfizer in 2009). She read annual reports with the same inquisitive mind she audited tax returns during her tenure at the IRS and also attended annual shareholders meetings. Anne Scheiber did her own research on stocks, and was focusing her attention on strong franchises which have the opportunity to increase earnings and pay higher dividends over time.

In her later years she reinvested her dividends into tax free municipal bonds, which is why her portfolio had a 30% allocation to fixed income at the time of her death. At the time of her death, her portfolio was throwing off $750,000 in dividend and interest income annually. She donated her whole fortune to Yeshiva University, even though she never attended it herself.

The second investor is Grace Groner, who turned a small $180 investment in 1935 into $7 million by the time of her death in 2010. Ms Groner, who worked as a secretary at Abbott Laboratories for 43 years invested $180 in 3 shares of Abbott Laboratories (ABT) in 1935. She then simply reinvested the dividends for the next 75 years. She never sold, but just held on to her shares.

She was frugal, having grown up in the depression era, and was the classical millionaire next door type of person who was not interested in keeping up with the Joneses. Grace Groner left her entire fortune to her Alma Mater. Her $7 million donation is generating approximately $250,000 in annual dividend income.

The reason why dividend investors are not highly publicized is because dividend investing is not sexy enough to be featured in the financial mainstream media. In addition to that, it is not profitable for Wall Street to sell you into the idea that ordinary investors can invest on their own. Compare this to mutual funds, annuities and other products which generate billions in commissions for Wall Street, despite the fact that they might not be in the best interest of small investors.

The third dividend investor is Ronald Read, who left an $8 million fortune behind when he passed away in 2015. I find this story to be very inspiring, because it showed how an ordinary person who never earned a high income was able to amass a dividend portfolio worth $8 million by the time of his death. The portfolio was generating close to $20,000 in monthly dividend income on average.This portfolio was a result of frugality, hard work, and ability to buy stocks to hold for decades, while patiently reinvesting dividends.

Ronald Read didn't have a finance degree, nor an MBA, but was an ordinary Joe who managed to save and invest for the long term. The story is appealing to me because it shows that investors who pick quality blue chip stocks to hold for decades, and reinvest those dividends patiently, can accumulate a sizeable portfolio over time. The important trait is patience. I follow the same slow and steady approach to long term dividend investing as Ronald Read.

The last investor is Uncle Chua from SINGAPORE!

This is a true story told by the remisier in his book. The story of Uncle Chua, an elderly man, who was barely literate and knew nothing about market tantrums or even how to use the Teletext facility on his TV set to monitor his portfolio of stocks. He managed to accumulate an incredible wealth in excess of $17,000,000 (Seventeen million dollars) by investing in stocks and shares alone. 

2 armed robberies in 2 days and big houses

what has this got to do with investing? well, maybe a lot ...

most of us must have read this piece of shocking news today. 2 armed robberies within 2 days. one in a petrol station and one in a money transfer centre in ubi. But both involved miniscule sums of one to two thousand dollars. most people reading this must have thought the culprit committing the offence is crazy. yes, perhaps they are crazy.  but more likely, these people are drawn into great desperation and probably think they stand a better chance robbing these small shops than the banks with a armed guard.

meanwhile, as i took a walk recently pass my old estate in serangoon gardens where i used to stay some 25 years ago, wow... i noticed that the old single storey terrace houses are being replaced by monstrously huge three to four storey houses, and in the car porch are parked not toyota but many luxury cars. I saw one bentley and one ferrari in one lane there.


so the rich gets richer and most of them do not do very hard work and let the money work for them ie in a thing called investing, while this other opposite group of people are living hand to mouth, passing today not knowing of what will happen tomorrow. speaking of investing in the latter group, they think you are crazy, no money to eat already, still got money to invest. but oh yes, a handful of them buy the toto/4d and hope to strike it big, and they rather starve one meal to exchange for this chance.

portfolio update - july 2017

Dividend by month

1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost  taisin lippo
4) roxy
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo
6) tcil ocbc lkh
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo
9)  uob tcil cdg
10) sgx lian beng
11) fcot taisin sgx spost  starhillg fct cmt lippo
12) sph sats ksh


Remarks:


my comments:

Singtel. steady blue chip counter which gives dividend  in jan and august. august dividend maintained at 10.7c. Just went XD by the time i post this. Dividend will come in the next week or two.

Comfortdelgro. a transport giant. distinct pattern of raising dividend. like singtel, cdg has also gone global. vesting in this would mean having interest in its transport business in different parts of the world. investing in this means indirectly investing in vicom and sbs. Not sure why the market is selling this counter down. if the earnings and dividends can be maintained, this sell down is uncalled for. Result will be out by very soon and should the earnings and dividend be maintained at least, imo, the price will shoot up.

Singpost. we await the reporting of its results eagerly. dividend wise, not so hopeful, but this is one proxy to invest in the growing ecommerce and elogistics business in this region. i am in this counter for the long term.


Taisin. humming by its usual business. earnings and dividend later this year likely will be maintained and rather predictable.


Roxy. barring unforeseen circumstances, it should be a winner in excess of 5 years. take a walk around marine parade area and one can see that the upcoming mrt is just literally in front of its hotel and roxy square assets. It just cut dividend from 0.6c to 0.2c. payout ratio less than 20% if i recall correctly from memory, irks investors like me who invest for income. but looking at the share price, it did not correct much after results were announced. company is still profitable and making money and nav is growing, just that directors were cautious of the economic situation at the moment i believe. it remains at a deep discount to its rnav.


lian beng. deeply undervalued. of course we wont expect it to trade at nav, but its discount to its nav and its low pe appears attractive. lots of hard asset backing and recurring income. its contract works will keep it busy and provide income till 2021. Another big venture announced lately in a hougang en bloc project. another counter which i had expected to pay more but it decided to pay 1.25c later this year. actually, this could be viewed as a uptrend in dividend, if we add the special dividend of 1c which was given last year. this year no special dividend. company is still growing. nav near 120 now.


low keng huat, another deeply undervalued counters. revamp of paya lebar area will give it a boost. slow and steady counter. won perumal site bid, this is in close proximity of farrer park mrt. it probably will hold the ground floor units for recurring income, as in the case of plsq.
Another steady ship. 4c dividend declared. nav up to 90c, cash plus deposits equals 1/4bil, so much of the company is actually cash.


tcil, each passing year represents an increasingly wide pb gap. lots of hard asset backing but no clue when would it be unlocked. more than 10 acres of freehold land in  singapore in its books. hk3.5b worth of japan equities. amongst its assets. dividend hk0.07 declared on eps 9c. more tan chong added from my dividends at around 2.40hkd, which is deemed very cheap. to buy a cheap stuff and still enjoy dividend cannot be a bad thing.


sph. fighting digital disruption. downside will be limited by its real estate and cash.


hotel grand central, which imo is a discount to its hard assets. if you trace it to its beginnings, you would have seen it growth in the number of hotels over the years. shareholder friendly is definitely a plus, as can be seen as a willingness to increase dividends when earnings permit. compare and contrast this with hotel royal. will get scrip.


banks. ocbc and uob, provide steady may and august/sept dividend. ocbc's 'hidden' 1b assets provides much comfort in holding it, while uob family conservatively run style provides safety. both has discernible dividend rising trend. getting scrip for uob


sgx. singapore as SEA financial hub now and in the future holds a lot of promise to this counter. 4x a year payout is definitely pleasing. current and historical average yield is a tad low though.


ksh. to me its overvalued. market is pricing it too high. it has lots of jv and its gao bei dian project will take years to happen and years before earnings happen and hence years before increase in dividends take place.


sats. 4th 5th terminal coming up should keep this company with lots of people to feed and things to manage.


sph reit. stable dividend churner.


frasers reits, starhill and parkway life. business as usual.

St E. One of my long term holdings. steady big ship cruising along. Another blue chip which has gone across the globe to usa.

lippo malls. high yield because of its geographical risk i suppose but adding this reduces my own risk to my current portfolio.

I added one more counter and might add more, but will only post it next month.

Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.



DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?
3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

June 2017 portfolio update and review

 this month, i decided to add on a subject before posting my usual portfolio update

I spotted this recent post by the boring investor about value investing and how long to wait,

and decided to share my expericnces and views on this, as I felt it was a timely update both to myself and to others who find this useful.

Readers who have been following me would find that my portfolio has grown in size to under 10 stocks to around 25.

i used to be regard myself as a value investor, to me, it means buying a stock before its intrinic value and waiting for it to unlock itself.  This post by the boring investor resonates with me. To wait nearly a decade and still ending up nowwhere is certainly not a good experience.  But at least it pays dividends so making the wait not so unbearable. What about a counter which does not pays dividend and yet is deemed to be price at 1/2 of its intrinsic value? And intrinsic value itself can be subjective according to the methodology used.

Moreover, one shouldn't forget that to reap the most out of this way of investing, is to use a focused appoach to avoid the diluttional effects of too many counters.  This attaches the increased risk to the entire portfolio should a single counter turns against the investor. To minimise this risk, one can increase the number of counters, sure, however if a counter which occupies a 1:20 portfolio stake, even if it becomes a 10 bagger,  the entire counter moves less than 50%, and that is provided the other counters do not go southwards. And how many people have the skill or the good fortune to own a counter which occupy a substantial part of their portfolio and becomes say a 5 or 10 bagger? This really describes the dilemma of value investors who use a focus approach and hold them until Mr Market realises this true value. And value investors who already done this homework in buying a value stock and if its futher reduces in price, how many can still have unwavering conviction? In my observation, many value investors will simply bail out and hop to another "value stock". They do this and repeat this until they realised their money gets less and less and find that gee, investing is not as easy as it seems. And very often, if it rises, due to broad market forces rather than individual counter unlocking effects, many would simply sell off to lock in their gains. How different is this to being a trader?

In addition, when one uses this strategy to an undervalued stock with the aim of a unlocking it when it double bag or triple bags, do take note that most of the time either he is in cash or in invested in these counters. To hold either entity for prolonged periods of time could be trying and the subsequent rewards would need to commensurate with this.

Personally, I only experienced a two bagger happening within a 2 year investing time frame in one of my stocks which happen to occupy a more than 50% porfolio size, earlier on in my investing journey. Because of this, i enjoyed a nearly 40% gain yoy. However, the time spent, the effort put it and the psychology behind this makes me feel its too risky to employ it as the porfolio grows. Time, effort and knowledge do mitigate the risk but it does not eliminate it. If the rare event of a unknown unknown happens, its back to square one, which means that the time spent is all wasted and we are all growing older and time and tide waits for no man.

So slowly, my portfolio begins to evolve to include more counters, some of which are value stocks in the sense that the sum of parts is greater than its current price, which others are simply value stocks in the sense that its yield has gone up because its price has come down, or those which are in between.

One constant which i made use of it that all of them must pay dividends and there should be a dicernible long term trend,. The latter point is more important for non blue chip stocks.

The other deliberate arrangement is that the counters are planned in such as way as to provide an more even distribution of dividends throughout the year.

In this sort of arrangement, the gains are not so dependent on indivdual counters "unlocking" in value per se, but more predictable in the sense of using dividends compound in a very regular and close sequence and yet enjoy a lowever risk mitigated my the counter number. Any counters which "unlocks" itself in this process would be an added bonus, though the focus would be the compounding power. Example would be KSH, which was sold in majority when it gained 50% recently.  LKH which was purchased at 54c is still kept, as it is still deemed to be undervalued.

This investment strategy, like the value investing one alluded to earlier, both have a low correlation to market levels, as whatever the sti, the adding goes on.






Dividend by month

1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost  taisin lippo
4) roxy
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo
6) tcil ocbc lkh
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo
9)  uob tcil cdg
10) sgx lian beng
11) fcot taisin sgx spost  starhillg fct cmt lippo
12) sph sats ksh


Remarks:


my comments:




Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.



DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?
3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

portfolio update - may 2017

Dividend by month

1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost  taisin lippo
4) roxy
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo
6) tcil ocbc lkh
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo
9)  uob tcil cdg
10) sgx lian beng
11) fcot taisin sgx spost  starhillg fct cmt lippo
12) sph sats ksh


Remarks:


my comments:

Singtel. steady blue chip counter which gives dividend  in jan and august. august dividend maintained at 10.7c.

Comfortdelgro. a transport giant. distinct pattern of raising dividend. like singtel, cdg has also gone global. vesting in this would mean having interest in its transport business in different parts of the world. investing in this means indirectly investing in vicom and sbs. Not sure why the market is selling this counter down. if the earnings and dividends can be maintained, this sell down is uncalled for.

Singpost. we can see changes in top management taking place. its one proxy to invest in ecommerce and elogistics. just got to be patient on this one. it cannot go bust right?


Taisin.holding on to a small number of shares. most of it divested as it appears overvalued to me at this sort of price.


Roxy. barring unforeseen circumstances, it should be a winner in excess of 5 years. take a walk around marine parade area and one can see that the upcoming mrt is just literally in front of its hotel and roxy square assets.


lian beng. deeply undervalued. of course we wont expect it to trade at nav, but its discount to its nav and its low pe appears attractive. lots of hard asset backing and recurring income. its contract works will keep it busy and provide income till 2021. Another big venture announced lately in a hougang en bloc project.


low keng huat, another deeply undervalued counters. revamp of paya lebar area will give it a boost. slow and steady counter. won perumal site bid, this is in close proximity of farrer park mrt. it probably will hold the ground floor units for recurring income, as in the case of plsq.
Another steady ship. 4c dividend declared. nav up to 90c, cash plus deposits equals 1/4bil, so much of the company is actually cash.


tcil, each passing year represents an increasingly wide pb gap. lots of hard asset backing but no clue when would it be unlocked. more than 10 acres of freehold land in  singapore in its books. hk3.5b worth of japan equities. amongst its assets. dividend hk0.07 declared on eps 9c. more tan chong added from my dividends at around 2.40hkd, which is deemed very cheap. to buy a cheap stuff and still enjoy dividend cannot be a bad thing.


sph. fighting digital disruption. downside will be limited by its real estate and cash.


hotel grand central, which imo is a discount to its hard assets. if you trace it to its beginnings, you would have seen it growth in the number of hotels over the years. shareholder friendly is definitely a plus, as can be seen as a willingness to increase dividends when earnings permit. compare and contrast this with hotel royal. will get scrip.


banks. ocbc and uob, provide steady may and august/sept dividend. ocbc's 'hidden' 1b assets provides much comfort in holding it, while uob family conservatively run style provides safety. both has discernible dividend rising trend. getting scrip for uob


sgx. singapore as SEA financial hub now and in the future holds a lot of promise to this counter. 4x a year payout is definitely pleasing. current and historical average yield is a tad low though.


ksh. to me its overvalued. market is pricing it too high. it has lots of jv and its gao bei dian project will take years to happen and years before earnings happen and hence years before increase in dividends take place.


sats. 4th 5th terminal coming up should keep this company with lots of people to feed and things to manage.


sph reit. stable dividend churner.


frasers reits, starhill and parkway life. business as usual.

St E. One of my long term holdings. steady big ship cruising along. Another blue chip which has gone across the globe to usa.

lippo malls. high yield because of its geographical risk i suppose but adding this reduces my own risk to my current portfolio.



Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.



DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?
3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

Are times really that bad these days?

recently i spoke to the man on the street, he said "gang kor", hang jeng si bei pai". In english, it means difficult and times are damn bad.

I ask him how come. He said everything going up. utility bills up, a cup of kopi at kopitiam also going up and seems like won't come down. his pay appears to be the only thing which stays. "how to survive?"

i think times are not good generally. the singapore economy is not doing well and the worst it are the normal man on the streets.

innovate upgrade...yeah sure..tell that to someone who has only secondary education earning 1.5kpm doing 2 different shift jobs with little time even to take a breather; and whatever income comes in, it rapidly goes out to pay handphone bills, utlity bills, transport, rental etc... how to innovate, upgrade..? u got to be kidding! As a result, most of them remain stuck, work like hell just to stay afloat.

but hey, on the other hand, you look around the streets in town, you see bentley, ferrari, benz bmw and lots of them there. these people do not seem too affected by the downturn.

I do hope the singapore economy will pick up and better times for more people in singapore.

Happy Vesak Day to all the people in Singapore!!!

portfolio update - april 2017

Dividend by month

1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost  taisin
4) roxy
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg
6) tcil ocbc lkh
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt
9)  uob tcil cdg
10) sgx lian beng
11) fcot taisin sgx spost  starhillg fct cmt
12) sph sats ksh


Remarks:


my comments:

counters which appear this month and say, 2 months ago are still the same counters. however, they might not be the same quantity.

Singtel. more added during the recent sell off, from profit taking in taisin and ksh.

Comfortdelgro. a transport giant. distinct pattern of raising dividend. like singtel, cdg has also gone global. vesting in this would mean having interest in its transport business in different parts of the world. investing in this means indirectly investing in vicom and sbs.

Singpost. in process of ecommerce/elogistic transformation. traditional mail expected to see gradual decline. contribution by singpost centre would come soon. give the counter some time. give the new ceo come time to transform this mail giant. needs to be patient with this counter. anyway, getting paid 4x a year while waiting is not a bad deal.

Taisin. profit taken. ard 45c. to me, this represents overvalue, from the yield and nav point of view.

Roxy. will go xd in april. slow and steady counter. deeply undervalued imo. barring unforeseen circumstances, it should be a winner in excess of 5 years. take a walk around marine parade area and one can see that the upcoming mrt is just literally in front of its hotel and roxy square assets. impressive 60m gain in 3 years from selling its australian asset. management appears very shrewd.


lian beng. deeply undervalued. of course we wont expect it to trade at nav, but its discount to its nav and its low pe appears attractive. lots of hard asset backing and recurring income. its contract works will keep it busy and provide income till 2021.


low keng huat, another deeply undervalued counters. revamp of paya lebar area will give it a boost. slow and steady counter. won perumal site bid, this is in close proximity of farrer park mrt. it probably will hold the ground floor units for recurring income, as in the case of plsq.
Another steady ship. 4c dividend declared. nav up to 90c, cash plus deposits equals 1/4bil, so much of the company is actually cash.


tcil, each passing year represents an increasingly wide pb gap. lots of hard asset backing but no clue when would it be unlocked. more than 10 acres of freehold land in  singapore in its books. hk3.5b worth of japan equities. amongst its assets. dividend hk0.07 declared on eps 9c.


sph. fighting digital disruption. selling its m1 stake will unlock lots of cash.


Hotel grand central. if you trace it to its beginnings, you would have seen it growth in the number of hotels over the years. shareholder friendly is definitely a plus, as can be seen as a willingness to increase dividends when earnings permit. compare and contrast this with hotel royal. will get scrip.


banks. ocbc and uob, provide steady may and august/sept dividend. ocbc's 'hidden' 1b assets provides much comfort in holding it, while uob family conservatively run style provides safety. both has discernible dividend rising trend. will get scrip for both.


sgx. singapore as SEA financial hub now and in the future holds a lot of promise to this counter. 4x a year payout is definitely pleasing. current and historical average yield is a tad low though. 5c dividend maintained.


ksh. imo overvalued from the dividend point of view.

sats. 4th 5th terminal coming up should keep this company with lots of people to feed and things to manage.


sph reit. steady properties in orchard road and clementi and low gearing.


frasers reits, starhill and parkway life. business as usual.

St E. One of my long term holdings. steady big ship cruising along. Another blue chip which has gone across the globe to usa. Lot of business deals recently.


9/5/2017
FORGOT to add: I added some lippo malls to divest away from singapore. to me lippo malls is something like frasers. yield is somewhat higher because of geographical risk but to me my risk is reduced because of its purchase.



Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.



DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?
3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

Is ksh overvalued at 70c?

out of own interest, i did additional research on ksh. normally, after the initial homework is done, i stay invested for long term.

looks like lots of buying is pushing ksh. its has gone beyond its nav of 67-68c.

however that was the nav of the last quarter, before the chinese new economic zone development was announced.

now that the news is out, land prices around that area has jump multiple fold, so much so that the authorities have to institute measures to curb speculation.

this report from nextinsight provides additional information.

https://www.nextinsight.com.sg/story-archive-mainmenu-60/939-2017/11425-ksh-holdings-our-initial-estimate-of-upside-from-gaobeidian-project

so the contribution from this project might potentially be $0.24-0.47, and the nav might potentially be bumped up to at least $0.90. I think the market thinks its not overvalued  at 70c. So it seems that $0.70 appears to be still undervalued by the buyers who might share the above view that each share is potentially worth much more.

for me, i am vested at a low price, so be it 0.55 or 0.70, its perfectly fine with me, so long as the dividends keep coming.

thanks sanye for your views.


Disclaimer:

I am no analyst nor accountant trained. The above blog is only for my own informative purpose. If you find it useful, please use it at your own discretion.

7/4/2017:

another day of ksh rising up...hit nearly 80c

yes, it is possible there are other reasons that people like ourselves are unaware of.
based on its rnav, it could still be undervalued at 75c.
however, i don't believe that the dividends could be raised to the same proportion as the rise in share price. for the plan to work out and translate to earnings and hence dividends, it will take years to happen.
being a dividend investor, my ksh yield is being suppressed to 4.5% based on last years dividend. even if this years dividend would be raised, most likely at this price, yield would still be below 5%. thus as much as i would like to hold the stock for long long, fundamentals based on dividends tell me otherwise. i divested part of it above 75c.

ksh lian beng incredible single day gain

incredible run up by ksh & lian beng, gaining 16% and 12% in a single day, respectively at the time of writing.

looks good and yes, it does feel good to have 2 counters in my portfolio gaining so much.

however i remain vested.

lian beng
- still remains deeply undervalued, book value is slightly more than $1, thus a gain of 12%, still makes it very undervalued.
- this counter has a pattern of increasing dividend. so its just a matter of price playing catching up with the book value and dividend. whether big boys are playing with it or not, doesnt matter. fundamentals will catch up with itself over time.

ksh
- still undervalued, albeit not as much as lian beng.
-another counter which has tendency to raise dividends blah blah... similar argument to above(just lazy to retype the above)

both with contribute
2, 8,10,12 months with dividends.

focus on cash flow (ie dividends) and portfolio will catch up with it.

cheers!


NB;

I called my broker earlier today and asked him whether he knew the reason for the jump. He told me some BB playing it.

Now, I realised that's not true. It because of ksh and lian beng stake in gaobeidian hebei which is in close proximity to the new economic zone announced by the chinese leader. And recent news reports states that tonnes of speculators are in that chinese state looking for properties to invest.

This is one day we can get vested in the benefits of the new economic zone without leaving our shores.

portfolio update - march 2017

Dividend by month

1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost  taisin
4) roxy
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg
6) tcil ocbc lkh
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt
9)  uob tcil cdg
10) sgx lian beng
11) fcot taisin sgx spost  starhillg fct cmt
12) sph sats ksh


Remarks:


my comments:

Singtel. steady blue chip counter which gives dividend  in jan and august. cannot go too wrong buying this counter and holding it for long. soon it should raise dividend again.

Comfortdelgro. a transport giant. distinct pattern of raising dividend. like singtel, cdg has also gone global. vesting in this would mean having interest in its transport business in different parts of the world. investing in this means indirectly investing in vicom and sbs.

Singpost. in process of ecommerce/elogistic transformation. traditional mail expected to see gradual decline. contribution by singpost centre would come soon. give the counter some time. give the new ceo come time to transform this mail giant. needs to be patient with this counter. anyway, getting paid 4x a year while waiting is not a bad deal.


Taisin. some media talking up this counter, ahead of what its fundamentals can support. be careful when others are greedy. Would expect the upcoming nav to inch to about 40c.


Roxy. will go xd in april. slow and steady counter. deeply undervalued imo. barring unforeseen circumstances, it should be a winner in excess of 5 years. take a walk around marine parade area and one can see that the upcoming mrt is just literally in front of its hotel and roxy square assets. wonderful!


lian beng. deeply undervalued. of course we wont expect it to trade at nav, but its discount to its nav and its low pe appears attractive. lots of hard asset backing and recurring income. its contract works will keep it busy and provide income till 2021. i wouldnt be surprised if it increases its dividend this october.


low keng huat, another deeply undervalued counters. revamp of paya lebar area will give it a boost. slow and steady counter. won perumal site bid, this is in close proximity of farrer park mrt. it probably will hold the ground floor units for recurring income, as in the case of plsq.
Another steady ship. 4c dividend declared. nav up to 90c, cash plus deposits equals 1/4bil, so much of the company is actually cash.


tcil, each passing year represents an increasingly wide pb gap. lots of hard asset backing but no clue when would it be unlocked. more than 10 acres of freehold land in  singapore in its books. hk3.5b worth of japan equities. amongst its assets. dividend hk0.07 declared on eps 9c.


sph. fighting digital disruption. selling its m1 stake will unlock lots of cash.


added hotel grand central, which imo is a discount to its hard assets. if you trace it to its beginnings, you would have seen it growth in the number of hotels over the years. shareholder friendly is definitely a plus, as can be seen as a willingness to increase dividends when earnings permit. compare and contrast this with hotel royal. will get scrip.


banks. ocbc and uob, provide steady may and august/sept dividend. ocbc's 'hidden' 1b assets provides much comfort in holding it, while uob family conservatively run style provides safety. both has discernible dividend rising trend. will get scrip for both.


sgx. singapore as SEA financial hub now and in the future holds a lot of promise to this counter. 4x a year payout is definitely pleasing. current and historical average yield is a tad low though. lets see whether it will increase payout this year or next


ksh. recent nus works will keep it busy. seems like nus prefers it work with it. lots of buildings in nus are aging. possibly of more projects coming.


sats. 4th 5th terminal coming up should keep this company with lots of people to feed and things to manage.


sph reit. one month passed since i last updated, means one month closer to seletar mall injection. counter shows a slight uptrend. ?good news


frasers reits, starhill and parkway life. business as usual.

St E. One of my long term holdings. steady big ship cruising along. Another blue chip which has gone across the globe to usa.

april and may will be busy months, as lots of companies are paying their dividends in these months as well as lots of them organising their agm. will see if i can attend squeeze my time to attend any.




Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.



DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?
3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

February 2017 update

Dividend by month

1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost  taisin
4) roxy
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg
6) tcil ocbc lkh
7) singpost
8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt
9)  uob tcil cdg
10) sgx lian beng ngi
11) fcot taisin sgx spost  starhillg fct cmt
12) sph sats ksh


Remarks:



portfolio auto-building in progress :

my comments:

Bought comfortdelgro. trading at 240plus CD is quite an ok price for me.

Lum Chang exited. Dividend cut from $0.0075 to $0.003 is unacceptable to me for a small cap 100m+ company. already seeing a "maintenance"of 2c per year for some many years is becoming an eye sore. why doesn't the dividend gets increased? is the company not making more money over time? share price going up despite XD is because of own buying. Its something like Starhub 5x4c per year for so many years, being unable to increase dividends in this case is simply because they are not earning more and more over time. Whatever the case, its not a good thing.

Singpost is a bit different sort of creature. It a blue chip which has existed for well over a century. It has made a lot of investments, but hard and soft types. Making one bad one out of so many investments is sometimes inevitable, and as a result of it, suffers a dividend cut. The new CEO has work to do anyway. Should this be a small cap, this would mean exit. However there are clear positives in this case, eg singpost centre revenue, improvement of ecommerce and elogistics aspect. personally, I would hold on. Still bullish on this counter in mid to long term.

*forgot to write this earlier :
Metro exited above 110. upside limited. imo special dividends unlikely. its because of the special dividends expectation that drove price up. normal dividends of 4-6c would still be expected.

No surpises to tai sin, just that media has increased its coverage on this counter and hence its bullish run up. Won't unload my stake. Singpost and taisin add to my march dividends.
As can be seen, even after XD, price did not come down, suggesting market already pricing in future gains.


Similarly, roxy results came in as expected as well as dividends...maybe a little bit disappointed cos its a bit less than last year...but we all know ppty sector not doing so well. personally, am bullish on this counter in the mid-long range of at least 5 years. the thomson east coast line will be up in 2023 and roxy mercury hotel is right smack beside it. and the management focus mainly on non leasehold properties, adding to the attractiveness of this counter. barring unforeseen circumstances, this counter should be a winner in time to come.

lian beng. deeply undervalued. of course we wont expect it to trade at nav, but its discount to its nav and its low pe appears attractive. its contract works will keep it busy and provide income till 2021. i wouldnt be surprised if it increases its dividend this october. I think this counter will be a winner in time to come.

low keng huat, another deeply undervalued counters. revamp of paya lebar area will give it a boost. slow and steady counter

tcil, each passing year represents an increasingly wide pb gap. lots of hard asset backing but no clue when would it be unlocked.

noel gifts. i am rather pessimistic about this counter. balmoral ppty stake has been unlocked earlier. government large gift purchase failed to create catalysts to encourage more business. recent announcement informed that company might even make a loss this calender year. should this be true, dividend cut might happen ie 1.5c to 1c or even skipped! moreoever its only a small cap of around 25m. all this are red flags for me.

sph ; price seems stable ard 345-350 plus minus, with digital transformation taking place

Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters as well as the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.


DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?
3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

SPH...the pain continues...effects on my portfolio

Digital disruption continues at SPH and the pain continues.

This counter has been on a downtrend, gone below 3.50 today.

It used to be in the core holdings of a lot of people in singapore, especially the older folks. But looks like times are changing fast and people are going digital faster than we had imagined.

IMO this counter will continue going down, until some of its many business ventures bears fruit. A read through its AR shows that it owns many websites and businesses. Downside will be limited its regular dividend and by its significant property portfolio and the stake it has in SPH reit.

Effects on my portfolio

I don't see SPH going bust, because as mentioned above, it is a property aspect to provide a concrete floor to its price.

It constitutes less than 5% of my entire portfolio, so even a fall from $4 to $3.5 will erode less than 1% of my portfolio.

Long term wise, it still provides very stable cash flow to the 5 and 12 months of the year, and it pays like clockwork, complementing the dividend effects of the other counters in my portfolio.

It is merely a member of a financial orchestra, made up of many other members, the full effect of it is much more than the sum of its individual parts.

Cheers!

Happy Chinese Year to All!!!

Losing money yet again trying to time the market? Read this...it might help

Losing money again trying to time the market?

Buying too high, selling even higher?

Or buying at a low price, market drops further...fear gets the better of you and you sell at a loss?? Darn!

Worse, buying and selling stocks which one does not intend to pay fully....

anyway, lets face it, who knows what market will open and close tomorrow? who knows what the market will be in 1 months time? 

well, there is a way to overcome most of this stress or at least some of it.

read my previous entries and you should get the strategy.

but it takes time to do that, yes, a lot of time actually. 

read this young investor's entry and how he progressed taking up such a strategy

http://seng-lee.com/growing-dividend-tree/

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