Nenix Dreams

Interesting portfolio. My strategy in value investing is to let winners run by investing long-term, and knowing your companies well. Don't buy base on price action alone, cos I believe trend trading or "momentum investing" is very hard to predict and frictional costs like brokerage will erode margins on gains and magnify losses.

What I can comment on is that MDR is a stinker since the ACCS scandal broke out. Currently, the company's losses are still significant and if I am not wrong, they will probably go through another fund-raising exercise.

As for Olam, this is a good company to keep for long-term. After bidding for Queensland Cotton, the market finally sat up and took notice of Mgt's powerful dual strategy of growing organically as well as through acquisitions. For Ho Bee, there is a property boom now so all construction and property stocks are riding the "wave". Just be sure the company has good earnings to sustain the price as PE is not very reliable for property companies (due to lumpy earnings).

I can't say much on Golden Agri and CFD as I don't understand the company and such products well.

For myself, I prefer a long-term approach and my portfolio consists of 6 companies which I have held (or intending to hold) for at least 2 years+. In total, I have been investing in the stock market for 2.6 years.

Good luck and keep your posts coming !

P.S. - It would be doubly useful to include the no. of units you bought of each company in your portfolio, if you don't mind. No use having 10 lots of a loser and 1 lot of a super-winner, in my opinion. Haha.

 

you are absolutely right. No use having 10 lots of stinkers and one lot of super-winner.

In my opinion, portfolio management is the key. Many feel that with smaller capital, its like totally useless. But to me, the way you balance it is important. My MDR only occupies like 0.19% of my portfolio so its quite negligible. This stinker was a result of noobness when I first started, and I held on to it till now. I could have written it off, but chose not to, so that I can be constantly reminded that having blind faith is just wrong.

I think our strategies are quite similar. I too, let the winners run. I also want to let it run for as long as possible. After recent correction, I learned that I should be more calm about things.

Thanks for the input though, it really helps to learn of more things through my blog. I was thinking when I have more capital next time, I should allocate a portion to use value investing techniques. Thats a thought lah..

 

I think you can start out investing even with small capital; you don't need 100 or 200k just to go into the market. All you need is careful, objective analysis and a cool head so as to not be subject to panic, greed and fear.

I too started out with a small capital of only 40k, but have managed to concentrate my portfolio in to 6 companies. So far for FY 2007, I am just sitting and watching my companies. I have only made one BUY and one SELL decision for the 4 months till April 2007. The market values everything too high right now for a good buy, and a lot of speculative penny counters are in play recently.

 

40k is quite a good sum to start. I started with approximately 15k 2+years ago. And during that time, I was lucky to earn money because I was mostly tikaming. Back at that time, I was a blur speculator..

Now, I think I'm more knowledgeable. I control my losses, I look further, and I try to trade lesser.

By the way, are you the musicwhiz at wallstraits forum?

 

Yes, I am the musicwhiz at Wallstraits, SI forum and CNA forum as well. From my postings, you can roughly see my investment strategy and I have been sharing any information I have on my companies with the general public as well.

I like to read investing blogs and comments on them where possible. Thus far, there are quite a few blogs but not many are updated so frequently. Hehe.