CigarButts newbie portfolio

[CigarButts]

Hope to keep my metals percentage down to ard 12.5%

Hope to add onto these positions this year
1. Nam Lee pressed metals
2. Berkshire Hathaways
3. New toyo

[corydorus]

I use to have gold position but sold them out with a little profit. The rational is with today banking system, you can transfer easily and to other currencies. There's no practical need for us locally. The best hedge against inflation in local context i feel is housing. And you can rent out or stay as well. Therefore i am in the view that locals should not hold any metal at all now.

[CigarButts]

Just some info on the precious metals in my portfolio, they are in a set with the STI Index and Long term bonds to form a portfolio called the permanent portfolio. My actual allocation of the portfolio is actually 50% perm portfolio 50% individual stocks. That being said, precious metals have been a drag in my portfolio and I have been looking forward to pare down the odd lots of Gold and silver to around 12.5% of my portfolio. Cheers.

[CityFarmer]

Everything that I have read on asset allocation says you should not have more than 3% on gold/silver. You have 21% in it. So unless you are a commodity and in particular metals expert, I think your style of investing is more into gambling then investing.  I guess you are no fan of WB either. You cannot count yourself as a value investor. Its good to explore various investing strategies to find the one that suits you as long as you recognise that it is so and not to pay too much tuition fees in doing so.

I always refrain from tagging "non-value-investor" to anyone who I don't know enough. IMO, value investing is a concept, which can applies in any assets, as long as the principle applies.

By right, value investors don't invest in gold, not even 3%, since no cash flow involves. I am not an ETF investor, thus I am not sure Gold/Silver ETFs pay dividend? If yes, then why not for value investor, if the price is lower than IV (value of future cash flow)?

(sharing a view)

[CigarButts]

Thanks for all replies. Speaking of gambling I do have some addiction to it in the past. Will most likely divide into 3 phases.

1. Soccer gambling 18-22
2. Casino gambling 24-26
3. Fx punting, cfd 27-29
Hope to really start investing instead of gambling

[opmi]

Thanks for all replies. Speaking of gambling I do have some addiction to it in the past. Will most likely divide into 3 phases.

1. Soccer gambling 18-22
2. Casino gambling 24-26
3. Fx punting, cfd 27-29
Hope to really start investing instead of gambling

6. “[Investing is] intolerably boring and over-exacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll.” - Keynes

[CigarButts]

Wah chim. So gamblers make better investors?

[CityFarmer]

Wah chim. So gamblers make better investors?

I am interpreting it as, (professional) gamblers have good understand of risk, which is very useful for the risk-avoidance of value investment. It is of course, not for those impulsive gamblers, who know nothing about risk. 

[CigarButts]

Cheers man. Nice explaination. I will have to admit my m1 was bought on no analysis at all. And I paid the price for it.

[wealthchew]

lee metal has higher dividend?