A Newbie Guide to Investing

[weijian]

nowadays NLB is full of ebooks on investments. I'm already reading a few of them right now. the collection is quite up-to-date.

I actually use this as a mkt indicator. Now we are in bear mkt and that's why the library is full of investment books. Come bull mkts all those books will be off the shelf n you will need to reserve for the books you want.

Having said that there are some books worth buying for keeps n continue to reference them in future.

hi jacmar,
This is interesting. Do u record them down when you sample the data, or is it purely based on intuition?

I have been an avid NLB borrower of books for last few years, ot course, not enough over a full market cycle yet. So far, it is more of the title and also how new that book is, that determine the popularity, from what i have observed.

[josephyeo]

nowadays NLB is full of ebooks on investments. I'm already reading a few of them right now. the collection is quite up-to-date.

I actually use this as a mkt indicator. Now we are in bear mkt and that's why the library is full of investment books. Come bull mkts all those books will be off the shelf n you will need to reserve for the books you want.

Having said that there are some books worth buying for keeps n continue to reference them in future.

hi jacmar,
This is interesting. Do u record them down when you sample the data, or is it purely based on intuition?

I have been an avid NLB borrower of books for last few years, ot course, not enough over a full market cycle yet. So far, it is more of the title and also how new that book is, that determine the popularity, from what i have observed.

Hi friends, just to share w you. I am leading 2 small private investment groups. Before anyone is allowed to join
the group they have to read these 2 books:
1. One up on Wall Street by Peter Lynch
2. Zuls Principle by Jim Slater.
Peter is down to earth, whereas Jim has a mix of basic technicals written in an easy to understand manner.
Just sharing w you.
Have a fruitful journey!

[jenson]

nowadays NLB is full of ebooks on investments. I'm already reading a few of them right now. the collection is quite up-to-date.

I actually use this as a mkt indicator. Now we are in bear mkt and that's why the library is full of investment books. Come bull mkts all those books will be off the shelf n you will need to reserve for the books you want.

Having said that there are some books worth buying for keeps n continue to reference them in future.

yup. I recommend one book to buy and keep for kids. Jim Rogers' A Gift to my Children: A Father's Lessons for Life and Investing

Sent from my SM-N910G using Tapatalk

[chialc88]

nowadays NLB is full of ebooks on investments. I'm already reading a few of them right now. the collection is quite up-to-date.

I actually use this as a mkt indicator. Now we are in bear mkt and that's why the library is full of investment books. Come bull mkts all those books will be off the shelf n you will need to reserve for the books you want.

Having said that there are some books worth buying for keeps n continue to reference them in future.

hi jacmar,
This is interesting. Do u record them down when you sample the data, or is it purely based on intuition?

I have been an avid NLB borrower of books for last few years, ot course, not enough over a full market cycle yet. So far, it is more of the title and also how new that book is, that determine the popularity, from what i have observed.

@jacmar - me too. and yes, at this moment, tons of investment book laying around. 

@w - my observation and aged old memory law

Love Compassion

[dreamybear]

Not long ago, I attended a SGX Academy seminar and found out that after all the govt training grants*/skills future credits, the SGX courses are actually very affordable.

For beginners/fresh grads who find the private investing courses unaffordable, you can check out the following :
a) SGX Academy : https://www.sgxacademy.com/
  There is a plethora of courses ranging from beginner to professional.

b) Training grants : https://www.ssg.gov.sg/programmes-and-in...1557141175
   Eligible individuals can receive subsidies of up to 90% of course fees ....

*Do confirm with the course trainer/provider whether a particular course is applicable for the training grant.

[growing wealth]

In value investing, we usually buy and hold the stock for long term and hence one of the most important skill in investing is to learn how to identify fundamentally good companies. Do check out our link here below on how we analyse whether the companies is fundamentally strong before we jump into it

https://www.youtube.com/watch?v=E0wRouPZnn4

[dreamybear]

An interesting BT article written by the founder of SIAS.

Unfortunately, I think most retail shareholders are relatively passive investors, i.e. do not closely track all the developments of the company. Though he means well, in reality, unless we are full time investors and invest a substantial amt in each counter we invest in, we wldn't have the time and energy to monitor each and every one.     Of course, it isn't a gd practice to invest in that many counters in the first place but it takes time and experience to realise that.

Moreover, in situations like the case of BW, even if we have burning questions on the company developments, the AGM / analyst briefings hv been suspended, and we are left hanging.

--------------------------------------------------------------

Why we should all be active investors
Sat, Nov 16, 2019 - 5:50 AM

........A good way to stay on top of developments in a company is to read the annual report carefully and decide whether to stay or exit the company. Areas to look out for are like operating profitability and changes in business strategy.

This is not confined to only those instances involving loss aversion - in our experience, many retail investors do not pay sufficient attention to the latest developments surrounding the companies they have bought into, that is, they do not track the financials and boardroom changes which can give an early heads-up on problems ahead. Neither do they keep track of corporate developments such as proposed rights issues, major acquisitions, partnerships and new ventures.

This passivity - or apathy - leads to many individuals being caught unprepared when trouble strikes, either in the form of the company suddenly announcing that it cannot pay its debts and may be wound up, or auditors issuing qualified opinions, or when the authorities move in to investigate financial and accounting irregularities......

To avoid being caught in such an unfortunate position, Sias strongly recommends all investors actively monitor their investments by:
- reading annual reports and attending annual general meetings (AGMs);
- studying the company's financials and keeping track of trends in debt levels, profitability and cash balances;
- studying the composition of their boards and how often key board or management personnel are leaving or joining as this could be a signal of problems later.....

https://www.businesstimes.com.sg/investi...-investors

[LionFlyer]

Is the approach of holding stocks for long term still valid? What I can see is... only disruption. I can't see a company operating on the same trajectory over a five year period without significant challenges, or to put it simply, I expect more than halve of the companies in my portfolio to be gone by the time I retire.

[dreamybear]

Is the approach of holding stocks for long term still valid? What I can see is... only disruption. I can't see a company operating on the same trajectory over a five year period without significant challenges, or to put it simply, I expect more than halve of the companies in my portfolio to be gone by the time I retire.

Agree, the world has evolved at a much faster pace now compared to the past, and likely to get even faster - getting harder to chase that pot of gold too. But I do think that certain larger companies or blue chips are more likely to be around than smaller companies. 

Hence, holding stocks for the long term might still be viable(albeit must be selective); I wld think that shares in the likes of e.g. DBS, JPM, ICBC, Shell, Disney, J&J can be passed to the next generation. However, I am not sure for my small company holdings like Tiong Woon, Fuyu, Boustead, etc

[weijian]

Methods change but principles don't. Have we adopted the principles and evolve ourselves to be closer to our true temperament?

I Hope This Inspires You

If you are still investing exactly the same way you did ten years ago you aren’t growing. Challenge your convictions. Surround yourself with people who share your values but think differently. I run into a lot of investors still talking about the wins they had 15 years ago. Don’t spend the next ten years bragging about the returns you had 20 years ago. Keep learning and evolving.

https://microcapclub.com/2020/09/i-hope-...pires-you/