You seems sell the earning stock but keep the lossing stock. Positively, it is profit taking.
I heard an investment theory said that we only need to by some stocks (say 20) and review periodically (say 1/2 year), Then sell those loss stock and put the balance to the earning stocks, repeatly. Finally, you will hold a portfolio of good / earning stock. Earning stock can give you unlimited gain as time goes by.
I'm not challenging you, just want to share.
I place order for 1919 this afternoon but it rise too fast. Just can only buy a little bit 3968 @18.6
after read the reason why you sold 1199. the problem of 1199 is not observe since January. that's mean you pick the wrong stock. you are "luckily" to get profit, right?
I would like to ask you:
a) "how many PE is reasonable, too low, or too high"? 2319's PE is 11,000 at today's closing.
b) if you are not ready to hold a stock for years, what is the dividend yield for?
c)ROA & ROE is using for compare stock within same sector or for buy/sell decision?
my portfolio is still satisfied even if drop huge in these 2 days.
you are so smart! in investment, one of the problem is we usually bias on our perception. even review periodically, we cannot recognize the risk.
all you investment knowledge & decision making are right. but may be you are feeling that there has something not under control and out of your expectation. most investors are driven by market, but we must drive the market if we want to win.
Some people saying the market will go downwards until March. I don't agree. the market need to "digest" huge rise in 2009. Afterwards, will go up again and the focus still China. Some people afraid inflation coming to China but inflation is go for investment, not a shortcoming. Of course, too high inflation is a problem. But we never know how much is too high.
Some of my views want to share with you. 1. risk control important than stock pick 2. macro economic environment important than your effort. 3. policy effect important than management. I always thinking how to avoid loss in a downturns to keep non-realised profit.
For 1199, it is a periodical stock. ROA & ROE + PE + DY can use for compare within same sector but not applicable for buy/sell decision.
Hi Cow,
ReplyDeleteYou seems sell the earning stock but keep the lossing stock. Positively, it is profit taking.
I heard an investment theory said that we only need to by some stocks (say 20) and review periodically (say 1/2 year), Then sell those loss stock and put the balance to the earning stocks, repeatly. Finally, you will hold a portfolio of good / earning stock. Earning stock can give you unlimited gain as time goes by.
I'm not challenging you, just want to share.
I place order for 1919 this afternoon but it rise too fast. Just can only buy a little bit 3968 @18.6
Best wishes to you.
Spyder
Dear Spyder,
ReplyDeleteI am appreciate your sharing, pls don't mind come again and again. Train me hard.
I review again the reason why i sold 1199. Pls don't mind read my latest weekly note.
How about your portfolio ?
Wish you good luck.
Hi cow,
ReplyDeleteafter read the reason why you sold 1199. the problem of 1199 is not observe since January. that's mean you pick the wrong stock. you are "luckily" to get profit, right?
I would like to ask you:
a) "how many PE is reasonable, too low, or too high"? 2319's PE is 11,000 at today's closing.
b) if you are not ready to hold a stock for years, what is the dividend yield for?
c)ROA & ROE is using for compare stock within same sector or for buy/sell decision?
my portfolio is still satisfied even if drop huge in these 2 days.
just my 2 cents.
happy sharing.
spyder
Dear Spyder,
ReplyDeleteBravo! you are right.
所以買進和勤做功課﹐而非買進且長期持有﹐儘量保持彈性.
a)PE ratio
我會參考6年或以上的平均值。越少于10倍越好。當然﹐我可能失去買入成長股的機會。
底牌的彈性是﹕
1。 企業擁有一定的代表性
2。 特殊的業務
b) if you are not ready to hold a stock for years, what is the dividend yield for?
Yes, you are right. I get the point.
我的看法﹕
投資增值+滿意的股息﹐該如何才算平衡卻是不容易。
如果企業作了蠢事﹐可能對盈利不利﹐可能對投資者不利。我會忘了股息﹐趕快脫身離開。
我不知道企業何時會作蠢事﹐任何企業都可能作蠢事﹐包括領匯。
買進和勤做功課﹐也不代表當時我能立刻明白問題的嚴重。但是長久的勤做功課和能夠接受批評﹐是能幫助我提昇投資能力﹐如盡早發現問題已出現了。
老實說﹐Spyder 的問題夠尖銳﹐我獲益良多。
c)
For 1199 case,
ROA & ROE + PE + DY is using for select stock within same sector during buy decision.
ROA & ROE + PE is using for consider which stock to sell first if i am panic.
祝﹕
投資順利 股運亨通
Hi cow,
ReplyDeleteyou are so smart!
in investment, one of the problem is we usually bias on our perception. even review periodically, we cannot recognize the risk.
all you investment knowledge & decision making are right. but may be you are feeling that there has something not under control and out of your expectation. most investors are driven by market, but we must drive the market if we want to win.
Some people saying the market will go downwards until March. I don't agree. the market need to "digest" huge rise in 2009. Afterwards, will go up again and the focus still China. Some people afraid inflation coming to China but inflation is go for investment, not a shortcoming. Of course, too high inflation is a problem. But we never know how much is too high.
Some of my views want to share with you.
1. risk control important than stock pick
2. macro economic environment important than your effort.
3. policy effect important than management.
I always thinking how to avoid loss in a downturns to keep non-realised profit.
For 1199, it is a periodical stock. ROA & ROE + PE + DY can use for compare within same sector but not applicable for buy/sell decision.
earn more,
Spyder