Posted by willnck > 2015-04-05 21:32 | Report Abuse

As usual,a great write up.Thanks Kc.

Posted by Probability > 2015-04-05 23:23 | Report Abuse

Very valuable...to those who havent got the 'experience'....you do not know how valuable this infos are.....

Posted by Kevin Wong > 2015-04-06 19:29 | Report Abuse

Whether bull or bear market, be it good or bad times, in health or illness, through thick or thin...investtors rides 'em out all!
Yes, investors don't jump in and out of stocks, they stay invested at all times in quality, value, growth, dividend...stocks.

It is the job of the traders/timers/speculators not investors to forecast, predict, outmaneuver or outsmart mart short to mid term trajectories.

Whatever it is...no right or wrong...so long one is happy and making $$$!

My best wishes, love and prosperitty to all
Kevin

Posted by kcchongnz > 2015-04-06 20:06 | Report Abuse

Kevin,

You are one of the very few investors who follow what Woody Allen said:

"Most of success in life is in just showing up."

I can see the kind of extra-ordinary return you have been getting following this principle of investing in the market, just like the extra-ordinary return of the portfolio mentioned in this article.

Very hard to find experience value investors like you in public forums.

Well done.

Posted by inwest88 > 2015-04-06 20:25 | Report Abuse

kc, kudos ! These five parts on "Is the market heaven or hell" can constitute a booklet by itself. They so aptly provide such a detailed description of the previous stock market crisis.

Posted by Kevin Wong > 2015-04-06 21:04 | Report Abuse

Hi KC,
I'm just a very average growth investor. Since i first started trading in 1994, my humble portfolio returns is nothing to shout about...9.3% per annum.

My investing method is very eclectic...i am definitely not a value investor haha!

Posted by stockraider > 2015-04-06 23:23 | Report Abuse

ALOT OF PEOPLE ASK RAIDER.....IF U R BULLISH.....WHY TALK ABOUT MARKET DOOM & COLLAPSE LEH ?

RAIDER SAY.....IF U WANT TO COMPLETE.....YOUR INVESTMENT SKILL.....U MUST STUDY & UNDERSTAND THE MARKET BOOM & BUST LOH.....!!

BY UNDERSTANDING.....THIS SCENARIO.....U WILL KNOW HOW TO MANAGE YOUR RISK LOH....!!

SO HOW & WHAT IS THE SIGN OF MARKET EXTENDED & EUPHORIA LEH ?

RAIDER ADVISE U TO WATCHOUT THIS 2 CONDITION OR SIGN AND BE FEARFUL LOH....!!

SIGN 1
U MAKE ALOT OF MONIES ........U NEED TO BE FEARFUL LOH.....!!

SIGN 2
U LOSE ALOT OF MONIES......U NEED TO BE FEARFUL LOH.......!!

GENERALLY.....FOR MOST INVESTOR.....IT IS BETTER FOR U ...AND UR RETURN......DO NOT BE IN THE EXTREME LOH....!!.

Posted by kcchongnz > 2015-04-07 06:17 | Report Abuse

Posted by Kevin Wong > Apr 6, 2015 09:04 PM | Report Abuse

Hi KC,
I'm just a very average growth investor. Since i first started trading in 1994, my humble portfolio returns is nothing to shout about...9.3% per annum.

My investing method is very eclectic...i am definitely not a value investor haha!


Congrats, your $10000 invested in 21 years ago has become $65000. Not bad. The real return, after taking into consideration of inflation is easily about 5%, and that is good.

That is also about the long-term return of the broad market over those years. And I believe, you are better than at least 80% of the retail investors in Malaysia.

But why not engaging in value investing? Value investing doesn't mean buying cheap stocks only. It could be any good value or growth stocks selling cheap. See what the investors of Graham and Dodds have achieved here:

http://klse.i3investor.com/blogs/kcchongnz/50988.jsp

Posted by Kevin Wong > 2015-04-07 08:28 | Report Abuse

haha thanks kc,
I like to keep my investing style simple. I don't have the patience and the amount of work and research one has to do of a value investor.
Maybe that is why i didn't manage to outperform market returns over the last 21 years.

Posted by kcchongnz > 2015-04-08 20:55 | Report Abuse

Human behaviour is the strangest thing. See these comments from the icap thread.

[Posted by penangkia75 > Mar 17, 2015 02:35 PM | Report Abuse
Hooi,observe u continue to collect ICA{, may I know what is ur reason behind? I had stop collect it. Thx]

[Posted by hooi > Mar 17, 2015 07:01 PM | Report Abuse
The reason is simple, i trust Teng Boo!]


Six years ago on April 1 2009, icap traded at an adjusted price of RM1.40 and it closed at about RM2.35 end of March 2015. The total return is 68% so far.

The total return of the broad market was 131% during the same period, or about twice higher than the return of icap.

If one holds the portfolio of stocks mentioned in this thread which return 521% during the same period, icap's is terribly miserable in its return.

Is there a psychologist here who can explain to me this statement?

[Posted by hooi > Mar 17, 2015 07:01 PM | Report Abuse
The reason is simple, i trust Teng Boo!]