calvin, i picked up ur suggestion to read graham...adui ancient english took me sometimes.....
i find that graham always insist on safety first, (margin of safety), then adequate return second....i also read lynch, but find that lynch choose to sacrifice safety for growth....
so....can i do this? now still bull, i go for growth investing (value)....then bear comes, i go for value investing (graham)...
i saw your stockpicks....mostly graham style....though may not win this year, but long term macam yes
Hi Calvin Boss, Is it safe to say that stock market crash is always caused by bank troubles? 1997 Asian financial crisis - Failure of Thai central bank 2008 Financial Crisis - Failure of banks' subprime lending
Alex Foo calvin, i picked up ur suggestion to read graham...adui ancient english took me sometimes.....
i find that graham always insist on safety first, (margin of safety), then adequate return second....i also read lynch, but find that lynch choose to sacrifice safety for growth....
so....can i do this? now still bull, i go for growth investing (value)....then bear comes, i go for value investing (graham)...
i saw your stockpicks....mostly graham style....though may not win this year, but long term macam yes 18/07/2017 22:41
YES, WE BEGIN WITH BEN GRAHAM FOR ITS FOUNDATION. THEN MOVE TO LYNCH, FISHER, BUFFET, MUNGER AND OTHERS.
LIFE IS NOT STATIC. LIFE IS EVER GROWING. AND WE LEARN NEW THINGS ALL THE TIME. BEN GRAHAM WOULD NEVER HAVE THOUGHT OF QE OR MONEY PRINTING IN HIS TIME.
SO THINGS DO CHANGE.
THAT'S WHY THROUGH HUMAN INTERVENTION A CRASH COULD BE AVERTED. AND CANS CAN BE KICKED DOWN THE ROAD IN STEAD OF KICKING THE CAN (OR DIE) SO TO SAY.
SEE HOW PEOPLE IN JAPAN GROW FRUITS AND VEGETABLES IN WINTER HOT GREEN HOUSE?
SO MEN HAVE CONQUERED THE ELEMENTS AND DO THE IMPOSSIBLE.
WITH TRUMP MAYBE MARKET WILL STILL BOOM FOR SOME TIME.
SINCE WE DON'T KNOW THE FUTURE FOR A CERTAINTY WE SHOULD JUST INVEST DEFENSIVELY WITH OUR EYES OPEN.
AND KEEPING PURE CASH IN BANK ALSO NOT AN OPTION FOR 2 REASONS
1) 3% fd RATE CANNOT COVER INFLATION. 3% FD RATE IF TREATED AS ANOTHER FORM OF INVESTMENT HAS A P/E RATIO OF 33.3 SO IT WILL TAKE 33.3 YEARS TO DOUBLE OUR MONEY
Ha Ha, Daim is Daim, I never blame him, so, I won't ask him Diam :D
My later realization was, his comment was only an excuse for a overvalued market to make correction. At that time, many unreasonable signs emerged, that puzzled young investors, like me, very much. Later, i realized that, market /crowd can go crazy to an so unbelievable level .....
Come back to current situation ... last week, saw an old friend, he said he had sold all his holdings 3 months ago, and when to china to spend his holiday and come back. He asked,"market still not crash woh! how?" I replied,"i also want to ask u, how?"
My feeling is, nowadays market seemed like not as vulnerable as before, and center banks, like Fed, provides cheap money to support ... but, i think nobody can say it for sure, although Yallen said it won't happen in her lifetime :)
Unicorn Hi Calvin Boss, Is it safe to say that stock market crash is always caused by bank troubles? 1997 Asian financial crisis - Failure of Thai central bank 2008 Financial Crisis - Failure of banks' subprime lending 18/07/2017 22:46
UNICORN,
THAT IS A GOOD QUESTION
"MARKET CRASH ALWAYS CAUSED BY BANK TROUBLES?"
FOR 1997/8 BUSINESSES OVER BORROWED WITH LEVERAGE. BORROWING US DOLLARS WITH LOW INTEREST RATES TO INVEST IN RINGGIT WITH HIGH INTEREST RATES?
SO THE BLAME DOES NOT LIE SOLELY ON BANKS ALONE. IT WAS THE SENTIMENT AND EUPHORIA OF THOSE GO GO YEARS.
YES, I SAW THIS ADVERT IN THE 1990S.
"YOU CAN USE MARGIN UP TO 90% FOR STOCKS". WITH 10% DOWN AND 90% ON BORROWED MONIES SMELLED LIKE WALL STREET IN 1929.
SO BANKS ARE PARTLY TO BE BLAMED.
BUT THE BAD TIMES OF 1985 TO 1985 WERE CAUSED BY TIN AND RUBBER COLLAPSE.
DR. M WANTED TO CORNER THE LONDON TIN TRADE. BUT HE DIDN'T KNOW THAT THE AMERICANS GOT LOTS OF TIN IN RESERVE WHICH THEY STARTED DUMPING.
Thanks for sharing good article. Just my doubt. your Last paragraph "If you cannot - then better keep Cash"... keep cash in the bank or Keep physical cash under pillow? I wonder are we allow to withdraw any cash from bank?
Simple man, All deposits up to Rm200,000 per account is insured, i think. So just divide up to each bank accordingly. Can also by into Z Spore Govt Bond
However, cash as an investment is a no no. Cash should be kept like Warren Buffet while awaiting next investment opportunity
The number of stocks holding has no relationship with the effects suffered from a probable crisis. It is how much money of your net worth that you put in stock market that matters to your life and death..
Posted by calvintaneng > Oct 12, 2018 07:30 AM | Report Abuse X
There are many stocks up 100% to 300% more than cover the losses
1. Pm Corp up 100% 2. Ajiya up 100% 3. Super Enterprize up 200% 4. Pohuat or power huat up 200% 5. Drb up 200% 6. Padini up 200% 7. Opcom up 200% 8. Ipmuda limit up more than 100% 9. Silk up 200% 10. Prestar or Pre-Star. Buy it before it turns into a Star....up 200% 11. RceCap up 100% 12. GSB up 100%
So many chun chun jackpots more than cover losses
Many others up 30% to 80% like kheesan, masteel, kpscb, dutaland, Tambun, Maju Perak, Focus Lumber, Ekson and others
Remember the maximum loss of a single share is 100%.
See. So many up 100% to 200% already. And the only 2 near total loss are Perisai and Mp Corp. Yet none delisted yet. For Mp Corp the latest report though suspended still made good monies by asset disposal. So is anticonman a liarman?
calvintaneng 22696 posts Posted by calvintaneng > Oct 12, 2018 07:32 AM | Report Abuse X
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,242 posts
Posted by calvintaneng > 2017-07-18 22:39 | Report Abuse
DURING THE GREAT DEPRESSION OF 1929 TO 1939 JOHN MAYNARD KEYNES WAS FULLY INVESTED AND GOT CAUGHT.
HOWEVER, HE BOUGHT INTO DEFENSIVE UTILITY STOCKS WHICH PAY GOOD DIVIDENDS THROUGHOUT THE DEPRESSION YEAR PERIOD. SO HE CAME OUT OK FINALLY
https://en.wikipedia.org/wiki/John_Maynard_Keynes
I GOT HIS BOOK CALLED
KEYNES WAY TO WEALTH
https://www.amazon.com/Keyness-Way-Wealth-Investment-Economist/dp/0071815473
SO WE CAN LEARN SOMETHING FROM THIS GUY WHO WENT THROUGH HELL AND SURVIVED
AND J. MAYNARD KEYNES WAS THE ONE WHO INVENTED THE KEYNESIAN ECONOMIC THEORY OF WHICH BEN BERNANKE & PAUL KRUGMAN ARE AVID FOLLOWERS