starcraft_76's portfolio

[starcraft_76]

Added some XMH today.

[starcraft_76]

Also added Accordia Golf Trust recently

[CityFarmer]

Added some XMH today.

I guess you got it @ 18 cents per share. Welcome on board, fellow shareholder.

[starcraft_76]

Added some XMH today.

I guess you got it @ 18 cents per share. Welcome on board, fellow shareholder.

Yes. Bought @ 18 cts.

[vesfreq]

too many counters or too litter?

I was going to say like, the portfolio feels too diverse.

My own portfolio is only about 6 counters. One problem with having too many is having to be updated (not on price) but the biz performance and strategy. Its very easy to be distracted. Another problem is the rate of return is diluted with the other slower or weaker counters.

Personally, I believe in rotating counters. If one counter no longer has that promising growtg story, its time to rotate to something else. Because I think of it this way, I seldom or hardly worry about getting the right price. With good rate of growth, your next counter will make back more.

With limited capital, taking out unprofitable or poor positions become a biz decision rather than one of emotions and sentiments. I am hardly worried about poor biz today or next month, but I am absolutely fearful of incompetent management which is a good enough reason to make a good biz poor and a bad biz doomed.

To paraphase in my singlish, I dont need many numbers to tio toto, and I only need to be lucky that few days. :p

Just my two cents.

[starcraft_76]

too many counters or too litter?

I was going to say like, the portfolio feels too diverse.

My own portfolio is only about 6 counters. One problem with having too many is having to be updated (not on price) but the biz performance and strategy. Its very easy to be distracted. Another problem is the rate of return is diluted with the other slower or weaker counters.

Personally, I believe in rotating counters. If one counter no longer has that promising growtg story, its time to rotate to something else. Because I think of it this way, I seldom or hardly worry about getting the right price. With good rate of growth, your next counter will make back more.

With limited capital, taking out unprofitable or poor positions become a biz decision rather than one of emotions and sentiments. I am hardly worried about poor biz today or next month, but I am absolutely fearful of incompetent management which is a good enough reason to make a good biz poor and a bad biz doomed.

To paraphase in my singlish, I dont need many numbers to tio toto, and I only need to be lucky that few days. :p

Just my two cents.

I reckon that the counter on my portfolio looks a bit too many.

However, I tempt to just add on to my portfolio rather than rotate, although I did rotate partially sometime. =.=

[CityFarmer]

IMO, one critical consideration, in value investing, is to reduce risk while having reasonable return. One approach is to diversify within portfolio. Diversification isn't done by more stock, but a group of stocks with minimum correlation.

Rotating of stock, is necessarily, to maintain the diversification in portfolio, if any. Otherwise you may soon see a risky portfolio with lot of similar stocks, with minimum diversification.

[starcraft_76]

bought OCBC and metro holding recently

[vesfreq]

IMO, one critical consideration, in value investing, is to reduce risk while having reasonable return. One approach is to diversify within portfolio. Diversification isn't done by more stock, but a group of stocks with minimum correlation.

Rotating of stock, is necessarily, to maintain the diversification in portfolio, if any. Otherwise you may soon see a risky portfolio with lot of similar stocks, with minimum diversification.

thanks cf,

I have been keeping to about 6 counters. Easier to manage and follow up on the relevant news. Minimising correlation is one thing and also important to be very familiar with the new business developments, else its as good as buying for the sake of buying. Thats unhealthy too. Very important too is having the time for agm.

[CityFarmer]

IMO, one critical consideration, in value investing, is to reduce risk while having reasonable return. One approach is to diversify within portfolio. Diversification isn't done by more stock, but a group of stocks with minimum correlation.

Rotating of stock, is necessarily, to maintain the diversification in portfolio, if any. Otherwise you may soon see a risky portfolio with lot of similar stocks, with minimum diversification.

thanks cf,

I have been keeping to about 6 counters. Easier to manage and follow up on the relevant news. Minimising correlation is one thing and also important to be very familiar with the new business developments, else its as good as buying for the sake of buying. Thats unhealthy too. Very important too is having the time for agm.

I agree both are important to keep risk in control. I am still with an opinion that, a carefully selected stocks of 10-20, is an optimum number to achieve best balance, between performance, and risk control, to an OPMI.