A journey of thousand miles begins with a single step 千里之行，始于足下。

[Boon]

Hi chialc88,

Q1: after BWL, what other great stocks in the cooking?
A: still BWL.
 
Ha-ha ! But don’t blame me if it turns out to be a multi-bagger in reverse this time.

Thanks for your video and enjoy this one.

[chialc88]

感恩

[chialc88]

感恩

[chialc88]

感恩

[chialc88]

感恩

[chialc88]

感恩

[knightrid]

I just want to thank this forum for helping me come to grips with my mum's various Singapore stocks.  It is a mix of more than 30 penny stocks and other stocks from $2 (OLS) to more than $10k.  I have tried reading the latest quarterly filings and last annual reports but don't have any context on the management, sector or past history.   Really appreciate the learnings, knowledge and information shared here.  

Here's one of my favorite songs:

https://www.youtube.com/watch?v=mwnoNVOj1Fs

[chialc88]

@k, welcome to VB.com. 
if it's not too late, try chatting with your mom 
  and I'm sure you'll have plenty lessons to learn from her too.

---

I know d.o.g. for many years (but he only know me recently... I think).

For many years, I had been reading his posts again and again.

My favorite is usually at end/beginning of years.

I'll take out my *hard copy* and *soft copy* posts written by him
and read thru them like reading a detective stories.

I'll take out my *hand written* - lessons learn notes 
and reminded myself to be mindful.

#1 things that I learn is what stocks not to buy.
These tips cost me a lot of missed opportunities,
(sorry... I'm not complaining)
at the same time, avoided tons of bad stocks.
(serving it's purpose).

#2 things that I learn is to invest, I will have to save first.
It's like no brainier.
I simply don't borrow to buy stocks.
I only use $$$ that I can afford to lose
Yes, I know, many investors see
a.  the $$$ hidden in under-value stocks, or
b. growth stocks with great business story lines, or
c. special situations that's going to happen and nobody is aware, etc.

Me?
I sees buying stocks as buying risks.
I sees my hard earn $$$ converting into just number in CDP or SCB trading platform.
This is no joke.
And, that's again, #1 things that I learn from d.o.g.
If I'm able to avoid the bad guys, then I should be ok.
It might not be spectacle, 
it might not be huge profits,
who cares, at least I can sleep well.

---

I wanted to talk a bit on the best world story.
This has to do with another of my sifu: 
Oldman (deceased).

I brought best world because it's a under-value stock.
A consumer stock:
1. low PE
2. PB less than 1
3. +ve Profit
4. pay dividend
5. +ve cash flow
6. low debt/asset ratio
etc.

It was traded around 20 cents.
Being super conservative, I just use SCB to queue everyday below 20 cents...
until this big shot come in and start to buy above 20 cents.
After a while, it's no long worth my time and so I stop chasing.

What's oldman involvement in this?
Nothing.
Then? Tell us lay....

ok, ok.
Oldman once said.
The challenge for fundamental (FA) investor is not to find a good stocks.
The challenge is to find a Twobagger, Fivebagger, Tenbagger.

If I'm using FA and I make 20% or 30% then must well just use TA.

If I'm using FA, then the challenge is to find a Multibagger.

---

Recently, as everyone know, the stock market boom (bloom).

Many valuebuddies traded their best stocks for 20% or 30% profits.
I'm happy for them.

However, it will be very painful later that we 
brought back the same stocks (that we sold) at a higher price.
I reminded myself.


I can't says thank you to Oldman.
I like to says thank you to you 
d.o.g. (disciple of graham)

Thank you very much for teaching me.

Love Compassion

[chialc88]

@B, thanks for your reminder, especially driving a coupes.
@B, yes, very slow enrolment in bwl. I reminded myself not to be greedy. stock split should be a major trigger.

what a fantastic day!
for you:

---

young d.o.g. thought might be different from now:

Sage vs d.o.g.

Sage: 
acquire stakes in undervalued company
that would eventually appear on 
institutional investor's rada screens
and who will bid up the price accordingly

d.o.g:

1. to generate enough dividend income
   for me to maintain my desiredlifestyle without me having to workfor other people ever again.
2. capital appreciation is of no interest
   to me, and is actually detrimental,as it lowers the dividend yield and makes subsequent purchases of thesame stock a less attractive proposition
3. Financial independence is my goal.
   Buffet style of "high score" inportfolio value is not my goal

Love Compassion

[chialc88]

Good morning, value buddies.

Thanks to Value buddies T.U.B. Investing for sharing his hunting tips.

This was straight from my *unpolished* notes:
Influence

• James Montier: Tools & Technique for intelligent investment
  
• Contrarian thoughts
  

Method

1. Bottom fishing - screening, filter > 10%
   
2. Special situation - buy 4D XXX
   - Restructure, Rights, Delist, IPO
3. It-can-never-go-lower <$0.009
   
4. Super scorecard - DCF & Graham Formula
   
5. Stable Stock - Forever holding 
   - STE, BSem, CDG, ST, OCBC, PNE, HLS, Elipsz

Cash profit ~ operating cash before working capital
free cashflow ~ net cf - PPE (aka capital expenditure)

Pure profit - part sold to recover cost.
20 counters aka each < 5%

Preserve my wealth *new approach

1. Bottom fishing (52 week & 5 yr low & low Beta)
   - REITs, etc
2. Fixed deposit
   
3. P2P (too high risks)
   
4. Bonds (too complex)
   

LC favourite:

• Market -> bullish now: turn up from bear to bull in 3 month
  
• CHUAN HUP - 100% SRS, broke 5% rules, personal/own $$$
  
• TIH - buy ~40, sold ~50, now 70
  
• Database of super scorecard - Qtr subscription
  
• Only screen from bottom instead of upper price range
  

---

And, the following is at least 10 years old screening rules.
..... (coming next posts)

meanwhile, enjoy:


I heard a rumours...
did you?

Love Compassion