Investment Portfolio

(19-06-2015, 02:29 PM)CaiGengYang Wrote:

(19-06-2015, 02:26 PM)MINX Wrote:

(19-06-2015, 01:18 PM)BlueKelah Wrote: guys obviously with a nick like CGY, and saying he has millions on a forum, sound like advertisement much like the Nigerian Emails.

Someone with such high net worth in diversified assets would not be asking advice here, other than for some trolling fun.

Moderators please issue warning or ban this account.

Somehow something in his post just don't sound right to me, like it's surreal, out of a dream, maybe he is daydreaming? Why would someone with so much wealth seek advice here? He could easily employ someone to manage it for him. Even if he were to DIY with $100K and lose the entire amount, he would not feel much pain. If I were him, I would be lying somewhere on a beach reading my favourite book all day, why bother to try to make a few bucks punting the stock market? Does it really matter when you already have so much in your bank account? And that lofty goal of buying an island for himself? Hmm...

100k is a ton of money ... especially its future potential. Losing 100k now could potentially mean you are losing out on tens of millions 20-30 years down the line ! Warren Buffett say the first rule is not to lose money, and the 2nd rule is the same as the first rule !

Perhaps further cross examination will reveal the true picture behind the veil? By the way, I agree that $100K packs alot of potential.

(19-06-2015, 02:41 PM)MINX Wrote:

(19-06-2015, 02:29 PM)CaiGengYang Wrote:

(19-06-2015, 02:26 PM)MINX Wrote:

(19-06-2015, 01:18 PM)BlueKelah Wrote: guys obviously with a nick like CGY, and saying he has millions on a forum, sound like advertisement much like the Nigerian Emails.

Someone with such high net worth in diversified assets would not be asking advice here, other than for some trolling fun.

Moderators please issue warning or ban this account.

Somehow something in his post just don't sound right to me, like it's surreal, out of a dream, maybe he is daydreaming? Why would someone with so much wealth seek advice here? He could easily employ someone to manage it for him. Even if he were to DIY with $100K and lose the entire amount, he would not feel much pain. If I were him, I would be lying somewhere on a beach reading my favourite book all day, why bother to try to make a few bucks punting the stock market? Does it really matter when you already have so much in your bank account? And that lofty goal of buying an island for himself? Hmm...

100k is a ton of money ... especially its future potential. Losing 100k now could potentially mean you are losing out on tens of millions 20-30 years down the line ! Warren Buffett say the first rule is not to lose money, and the 2nd rule is the same as the first rule !

Perhaps further cross examination will reveal the true picture behind the veil? By the way, I agree that $100K packs alot of potential.

Exactly,

Hi Guys

Please cut CGY some slack as I think he is as real as can be. Just google his name and you can trawl up tonnes of information on him.

I suspect that the net worth that he is brandishing freely is mainly due to the GCB owned by his parents lah. Glad that he has made up with his folks.


CGY-san

My advice to you is this: there can be no short-cut to success. Based on what I have read so far, you still have a long way ahead.

(18-06-2015, 11:34 PM)CaiGengYang Wrote:

(18-06-2015, 11:15 PM)CY09 Wrote: Many of us here rely on Google and annual reports too. How diversified and how much capital to risk is dependent on your own temperament. For you one additional layer of factor to consider is how much accountability is there to your parents, their risk appetite, retirement goals and time to their retirement.

As for the idea of buying an island, just scrap it. there are others like investment return to be 80% of your family's working income or something. An island is rarely a cash generative asset, unless you hit a gold mine or oil field

Hi CY09, In answer to your questions, my parents are already long retired - they probably have anothe 10-20 years to go. I am their only child so have 100% accountability, their risk appetite I would say is conservative to average. In terms of networth, we probaby have a combined net worth, house, car, stocks, investments, cash included of about 25-30 million USD. Retirement goals : Simply to grow family wealth conservatively ... A small island for fun would be cool if I can afford it 25 years down the line, who knows? My personal dream is to achieve a net worth of 100 - 200 million USD in my lifetime, almost entirely through trading and investing (as that is I believe the best way to get rich short of starting my own company and eventually to migrate to either America, Canada or a Western European country to have a family. I spend very little money, am single and have no particular vices so expenses are not such a big problem. Assuming you were in my position, how much capital would you plow into such a portfolio or would you fancy such a portfolio or if not, what kind of portfolio would you create ? Thanks alot !

Cai GengYang

I'm going to take some assumptions here.

If you are 20-30 years old with waiting ur parents to pass down assets, all u need to do is do portfolio allocation, invest in etf, bonds and properties. Assuming a annual return rate of 6% and using the rule of 72, u would likely hit 100mil+ by investing in 25-30mil assets.

I don't sense that u are a pure passionate anout investing so there isn't any self actualization payoff to do trading and investing.

In ur case, active investing is a waste of ur time and unnecessary risk. Better for u to spend ur time finding out how to use the money to find fulfillment in ur life.

If u want to migrate, buying ur citizenship is much better. Many countries do grant citizenship based on investment into the country.

How to start a passive portfolio? Google "turtle investor blog". I heartily recommend that.

I might sound harsh but more of useful advice for u not to throw money away.

Sent from my D5503 using Tapatalk

(19-06-2015, 01:52 PM)CityFarmer Wrote: A person with net worth of US$15-20 million, is an accredited investor. He/She should be able to get credible advice from private bankers. It is rather strange for similar request here in VB. I reckon he/she is likely seeking alternative views.

Anyway, I will give the benefit of doubt. No moderation required here.

Regards
Moderator

The way he writes sounds believable to me that's why I responded

CGY my suggestion (not advice) remains the same. You have to understand that this is a serious forum but we also uncovered quite a few snake oil so people are generally skeptical, or as u termed it hostile. It would be good if you can post your portfolio in the Others part of the forum like some have done so we can discuss further there. And you will reap more benefit henceforth and see that VBs are generally helpful to the real folks

(19-06-2015, 03:57 PM)specuvestor Wrote:

(19-06-2015, 01:52 PM)CityFarmer Wrote: A person with net worth of US$15-20 million, is an accredited investor. He/She should be able to get credible advice from private  bankers. It is rather strange for similar request here in VB. I reckon he/she is likely seeking alternative views.

Anyway, I will give the benefit of doubt. No moderation required here.

Regards
Moderator

The way he writes sounds believable to me that's why I responded

CGY my suggestion (not advice) remains the same. You have to understand that this is a serious forum but we also uncovered quite a few snake oil so people are generally skeptical, or as u termed it hostile. It would be good if you can post your portfolio in the Others part of the forum like some have done so we can discuss further there. And you will reap more benefit henceforth and see that VBs are generally helpful to the real folks

Sure no problem,

I have moved the thread to Others, the same location as others' portfolio threads.

Thanks

Regards
Moderator

why not get an education? do a BSc in Accounts?
Start small and learn,

Only invest your own money and time, don't take your parent's milos yet...

(19-06-2015, 08:29 PM)CityFarmer Wrote: I have moved the thread to Others, the same location as others' portfolio threads.

Thanks

Regards
Moderator

ok i agree

There is another way