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Hello fellow community of value investors,
This will be my first post here on valuebuddies despite my lurking around for the past 5 years or so. I have learned a lot reading posts and analysis here on this forum. So much so that I would say that some of my core principles were largely the influence of this site!
So, an introduction of myself: I am in my mid twenties and am currently investing a portion of my family's modest fortune. I am not proud of it but my current CAGR lies at 11.46% for the past 5 years. I hope my transparency will allow some form of credit in future discussions, thank you!
Ray
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Welcome and if u are messing around with ur family fortune, better do it after u have been through at least one crash cycle. Just saying..
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13-03-2017, 12:05 PM
(This post was last modified: 13-03-2017, 12:06 PM by ksir.)
(13-03-2017, 11:15 AM)BlueKelah Wrote: Welcome and if u are messing around with ur family fortune, better do it after u have been through at least one crash cycle. Just saying..
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This is a "nice" way of saying hallo. Hehe.
It is quite right though, 2008-2009 woke me up and dragged me to B.graham-philips.F way of investing.
I do not look back since then.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
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forgot to do a ;p at the end, my bad., Just dun want the young kid to lose his pants and family fortune if a crash suddenly comes around.
The tendency for first time value investors to sell and "lock in their losses" is very high for those that haven't gone through their first proper crash.
There are also other traps such as falling in love and over allocating into one stock which could suddenly do a u turn.
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Thank you karlmarx and weijian for the warm welcome!
BlueKelah, does the oil crash count ;p ? I lost 2/3 of my profits during 2015 and 2016, totally decimated by pacific radiance and swissco haha! But don't worry, this isn't exactly my first exposure to crashes where my life has been affected by. I'm nearly always net cash ever since I started investing 8 years ago. Appreciate the warning though!
Ray
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13-03-2017, 02:43 PM
(This post was last modified: 13-03-2017, 02:44 PM by BlueKelah.)
Well the oil crash is still ongoing, (I'd call the recent recovery a manufactured dead cat bounce by the Arabs) but that's only one part of the market, but technically u do have some experience of the crash time psychology and will help u position urself for future shocks.. U probably also learnt what companies to avoid and be more aware of macro industry cycles.
Good luck going forward and happy value investing!!
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