Honestly, there isn't a lot of secrets. It all boils down to the effort you put in to set up the trade on the investment. Some people spend so much time saving on the few cents, making sure they get the best prices on food, vegetables, housing. But they spend so little time on their investments (Which are not small at all)
Take for example, a recent case of a market run up with keppel T&T. The purchase we made was at 1.41 and it had a good run up to 1.74 before falling back to 1.6 range.
Am I selling? No.
Am I buying? Perhaps.
Why, you may ask...
The appraisal of the investment community of the better prospects of data centre fund investing has yet to materialize. Also, I bought the shares on the basis of several catalysts which I have not seen appear
The catalyst(s) are
1. Sale of the data centre to keppel DC reit
2. IPO of logisitics reit in Indonesia (growth market)
3. Privatization of Kep T&T
4. Sale of M1 stake and distribution of cash
The margin of safety:
1. Rise in prices of keppel DC reit and M1 (keeps improving)
2. Data centre business performing very strongly
3. Logistics poorly performing but asset value retains
What about the impending crash and brexit and Donald Trump?
There was a saying. In life there are knowledge - you know what you know. And areas that are lacking - what you don't know. If you know what you know, and you know what you don't know - you know everything. Ray Dalio is a fantastic proponent of his logic and he acts to find people to cover the knowledge gap.
Read the Ray Dalio article below:
http://www.forbes.com/sites/kerryadolan/2016/05/02/billionaire-hedge-fund-manager-ray-dalio-on-why-hes-a-professional-mistake-maker/#77e7333d53e3
No comments:
Post a Comment