Posted by qqq3 > May 13, 2019 7:09 PM | Report Abuse X
why worry so much? my children tells me, his manager say his salary $ 8 k a month, got zero savings......just enough to pay for his BMW and house...... =============
I told this story in the context....don't over worry, when young....future earning power is more important than how much u can save.......
Posted by qqq3 > May 13, 2019 7:09 PM | Report Abuse X
why worry so much? my children tells me, his manager say his salary $ 8 k a month, got zero savings......just enough to pay for his BMW and house...... =============
I told this story in the context....don't over worry, when young....future earning power is more important than how much u can save.......
My god! Your son's manager just earn 8K a month? Just imagine how much your son is earning now? 4k? 5k? 6k? 7k?
Like father like son. Only god can help your son buying his first propert in Klang Valley. He can't rely on his father to give financial assistance.........
Posted by qqq3 > May 14, 2019 11:24 AM | Report Abuse
Posted by ks55 > May 14, 2019 11:06 AM | Report Abuse
Until now I cannot figure out what profession come with starting pay 5k in Malaysia...... ========
u will be surprised as I was surprised......its not a profession....she is a business graduate.
Fresh business graduate with starting pay 5k in Malaysia?
VC sure cannot, that profession need extensive exposure.
Management Consultant with Big 4 MBBA? Surely unlikely because they only recruit from elite universities from UK and US with 3 rounds of interviews with real life problem solving. Fresh graduate never qualify for that.
Oil Trader/ Commodity Traders like Big Oil companies and trading house like Glencore? What experience she has coming to trading?
Investment Bankers like Goldman Sachs, JP Morgans, or with Khazanah, Temasik, DBS ? She must come with 7 seven years to get a chance for interview.
Surely I have exhausted my idea, except she become gf of businessman like YB YBY...........instant billionaire.
an analyst can give broad statements about the companies he covers, but he doesn't have the depth to go further to discuss corporate finance - the details and impact of rights issue, restructuring, mergers and acquisitions, proper valuation techniques (nobody is there to point out whether they are right or wrong, but in IB, whatever valuation you do has to be sanctioned by accounting firm, etc. So you do the real thing)
my son's explanation is ...they got rules to follow and mostly just want to hunt in the middle of the pack...CYA, u know lah......but for their institution clients, they provide better service than what is available to the retail side.
Those who hunt at the edges lives a very dangerous life......dangerous and short tenure. Hunt in the middle is just perfect for them.
Most of those who gets sacked are those who hunt at the edges , none ever gets sacked for wrong calls if they hunt in the middle.
for bloggers like me, I can just change my mind and revise my earning projection (pursuant to changes of circumstances)
analysts can't
every time before they make changes to their earning projections, they need to change their financial model
and the financial model is supposed to be very detailed and comprehensive
so analysts are always very slow in reacting to changes
they spent most of their time begging PLCs to divulge more info so that they can build up a professionally done financial model
that consumes most of their time and energy
and also tie them down
as such, they have insufficient time for the really creative task of stocks discovery
that is why bloggers are now far ahead of analysts in making interesting calls
this is especially the case with the advent of Information Age whereby the public can directly access bloggers by clicking their mouse instead of waiting for IB to fax or email them the research reports
in other words, analysts are becoming dinosaurs and being outgunned by other more talented amateurs
Posted by Ooi Teik Bee > May 12, 2019 10:50 PM | Report Abuse I learned all my FA report from KCChongnz. I also learned cash flow from KCChongnz. I strongly recommend all newbies to learn this basic FA from this good and responsible sifu ... KCChongnz. My performance is so good because I learn my FA from KCChongnz. Without good KCChongnz's guidance, I believe I will not make so much money. Likewise, Mr Koon made so much money in 2015 because of my help. Indirectly, without learning FA from KCChongnz, Mr Koon also will not make so much money in 2015. I only give my due respect to those who really help me. Thank you again Mr KCChongnz. Your student. Ooi Teik Bee
You see that is the joy of a teacher. I have student like OTB who has made very good return from the stock market, much more than what his teacher does. OTB is not the only one, there are many more.
I have students who are now fund managers, working in institutions or just in their own, and investing on their own for people in Bursa, Singapore, Hong Kong, USA and making very good returns. Yes, very good return, over 100% return in two years but now less because of the trade war, but still average 80% in three years. They are better than than teacher, and earn more than their teacher.
Of course not everyone of my student made money so far, but I strongly believe, in the long run, following the right path and process of investing, all of them will earn satisfactory return over the long run.
Knowledge wise, I also have many who are very good in real life investing, and they have gone further in investment knowledge and security analysis, and better and more than what their teacher knows.
analysts work within their assign companies/ sector.....its like medicine also lah. Too much specialization, can only treat the symptoms based on their areas of specialization.
u don't go looking for interesting stuffs outside your area.
specialised doesn't mean they know more than what is announced. Companies also under strict Bursa rules about what can be divulged to analysts and what cannot.
a lot of analyst projections also just tembak lah....often no basis one., end result is the same whoever do it.....all based on emotions .
in any case, analysts cover established companies....u want to cover the small caps.........small caps mainly tembak saja......what else can u do with small caps? small caps FA fly here fly there and go with the wind. Projections just tembak and companies are not supposed to give u more than what is announced.
companies got company rules, analysts got analysts rules.
a correction.....daughter manager says when he was making $ 8 k a month.....also no savings because his BMW always breaks down...............now, earning substantially more......
Posted by 3iii > May 12, 2019 11:21 PM | Report Abuse
Strong endorsement by otb. (clap) KC How much do you charge for the whole course? investbullbear@gmail.com I would love to receive your eBook. Thanks.
3iii, you will get one eBook from me.
Regarding your question, here is a reply,
[Posted by Ooi Teik Bee > Jun 24, 2015 08:53 AM | Report Abuse I want to give credit to Kcchongnz, he is the best FA Sifu, I learned the most from him. I had paid a lot of money to attend many FA courses, at the end I learned the most is still from him. I am a proud person, I will not appreciate you unless you are very good. To be honest, I am not that good until I learn up FA from him. I had been making a lot of money in last 3 years especially 2014 despite market crash. I was called up by a company which provide TA and FA teaching in the market, this company charged the fee > Rm 10,000 for the full course. Mr Ooi, since you are a good friend of KC Chong, please tell him not to spoilt the market to charge so cheap in his course. Likewise, Mr Ooi, you also should not spoilt the market too.]
Posted by Choivo Capital > May 13, 2019 4:19 PM | Report Abuse Thumbs up to OTB. Mr Kc, is the only one here where, i actually read all his post in i3. I have to thank him also for saving me from my foolishness, when i first joined i3, and hand itchy everyday trade left trade right. Nothing wrong with trading, i just no skill and it don't suit me. KC help me realize it sooner and save me money.
Posted by SharehlderOppression > May 14, 2019 10:56 AM | Report Abuse Keep up the good work Kcchongnz. I am also a big advocate on the concept of margin of safety.
Posted by ks55 > May 14, 2019 12:05 PM | Report Abuse Want to go for article with substance, go to kcchongnz's blog...... That is why I am here...........
Just to re-post here to keep me motivated, and hopeful write more to guide those who wish to build long-term wealth.
Thank you very much for the kind words; Choy, Sharehlderoppression, and others whom I have missed.
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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....
qqq3
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Posted by qqq3 > 2019-05-14 10:13 | Report Abuse
Posted by qqq3 > May 13, 2019 7:09 PM | Report Abuse X
why worry so much? my children tells me, his manager say his salary $ 8 k a month, got zero savings......just enough to pay for his BMW and house......
=============
I told this story in the context....don't over worry, when young....future earning power is more important than how much u can save.......