*Official* MasterLeong Thread

[MasterLeong]

Previously ppl say if trump wins market will crash
Instead marker rally till ki siao
Cannot trust the experts lol

 

[lewissac]

Previously ppl say if trump wins market will crash
Instead marker rally till ki siao
Cannot trust the experts lol

That's why DYODD. Assess the risk yourself!

 

[lewissac]

Finally received my new funds. Get ready to hoot telco.

 

[lbs]

i think it just means that nobody can forecast market correctly all the time.

 

[akwl88]

Finally received my new funds. Get ready to hoot telco.

Can sic which telcos and tp?

 

[madtari]

this is not something you can simply DYODD... with so many expert believing/predicting market will go down if Trump wins, what makes you think after DYODD you will be able bet against them? Sometimes I feel the ppl here emphasis too much on this phase...

But I do agree with the risk assessment part. Bcos its hard to predict or time the market, its always good to have a portion of your portfolio in equities and cash instead of putting everything into the same basket.

That's why DYODD. Assess the risk yourself!

 

[MasterLeong]

"Trump rally could mark biggest postelection stock market rise since Hoover"

 

[MasterLeong]

yup its hard to predict the market, no one can be 100% sure market up or down

when valuations are cheap, have the courage to buy hehehe

 

[Perisher]

DYODD actually means do your work assessment and make your own judgement. Don't rely on others to buy/sell anything.

It's never emphasized enough lar. When things go wrong, the blame game begins.

 

[MasterLeong]

pre market looking all green

huat ah $$$$$$$$$

 

[lewissac]

this is not something you can simply DYODD... with so many expert believing/predicting market will go down if Trump wins, what makes you think after DYODD you will be able bet against them? Sometimes I feel the ppl here emphasis too much on this phase...

But I do agree with the risk assessment part. Bcos its hard to predict or time the market, its always good to have a portion of your portfolio in equities and cash instead of putting everything into the same basket.

Nothing beats risk assessment.
If you know how to do and able to do risk assessment, then your already doing yourself due diligence.

 

[madtari]

Oh, I didn't see it that way... in this case you are absolutely right! I always thought of DYODD as flipping thru financial statements, evaluating companies etc.

Nothing beats risk assessment.
If you know how to do and able to do risk assessment, then your already doing yourself due diligence.

 

[mazatsushi]

Wow power of etfs

You more power leh. Dare to take additional risk for the extra returns.

That in itself deserves a lot of respect

 

[spiritGate]

In short DYODD means if you lost, don't play the blame game. Like tat nia hahahaha

Oh, I didn't see it that way... in this case you are absolutely right! I always thought of DYODD as flipping thru financial statements, evaluating companies etc.

 

[lewissac]

Can sic which telcos and tp?

No preference. Im still evaluating and assessing them. Priority of course on blue chips telco, as im starting to build up portfolio.

Probably will make a move after Fed Meeting. I don't have TP. I'll just buy and hold if the price is within range and risk for me.

 

[MasterLeong]

Year end update on portfolio



In 2015 we saw the STI down 15%, I myself suffered similar returns for my portfolio but was thankful to be offset by 5% dividends to soften the pain

in 2016 we saw in january the STI crashing hard to a low of 2500 levels and surprisingly towards this year end the STI have recovered cross the 2900 level

this year has been very fortunate for me as I made some solid capital gains on a few positions like ARA(30%)/GLP(10%)/SCI(14%)/KC(8%)
I also had some pretty bad positions in which I had realized losses like M1(10%)/SH(5%) before entering again

after the year end rebalancing, you can see that my portfolio is now mostly focused on reits/telco/banks

I am still sticking to my view that the fear of rate hikes are overblown and reits/telcos have been over sold

Banks on the other hand had a great run up and I am in no rush to sell them off as I do see their earnings continuing to improve

 

[lewissac]

Oh, I didn't see it that way... in this case you are absolutely right! I always thought of DYODD as flipping thru financial statements, evaluating companies etc.

Due Diligence in my context is basically how to protect your backside
It's not about whether you got do or not?
It's about whether you got do ENOUGH or not.

 

[MasterLeong]

my SH and FCT both red 3%

those who wanna under cut please do so wahhahahaha

 

[MasterLeong]

Hong Kong arrests 29 in corruption probe linked to four banks
By Bloomberg / Bloomberg | December 13, 2016 : 7:19 AM MYT
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Translated by Google Translator:
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(Dec 13): Hong Kong arrested 29 current and former staff of five financial institutions, including four banks, for alleged bribery connected with obtaining confidential customer information to market personal loans, the city’s anti-graft agency said.

Operation “Mirabilis” began last Tuesday and led to the arrests of three managers and 18 serving and former direct sales representatives of a bank, the Independent Commission Against Corruption said in a statement on Monday. A manager and five current and former employees of three other banks, and two employees of a finance company were also detained, the agency said. It didn’t name the institutions.

The statement came after DBS Group Holdings said on Friday that it had alerted authorities after discovering irregularities. The Singapore-based bank commented after Hong Kong’s Apple Daily newspaper reported that client data was leaked to a telemarketing centre in China.

(See also: More than 20 current and former DBS staff in Hong Kong arrested in probe: Apple Daily)

Bank managers may have accepted bribes as rewards for divulging confidential customer information, the ICAC said, adding that the companies involved had given their “full assistance" in the probe.

All those arrested are on bail, the agency said, adding that inquiries are continuing.

 

[tanjiakpeng]

i like to think risk assessment as estimated shortfall - how much you are at risk to lose.

additionally, i include the most important factor:

how much are u willing to lose?