Interesting Blog
Recently, I have been reading the LT3000 blog (lt3000.blogspot.com). The blog has very interesting articles like the preference to be 100% invested, the philosophy of buying less than perfect companies at very discounted price (e.g. buying a 5/10 company at 3) and having tiny position
Strategy Change
As I mentioned earlier, 8% of my stock portfolio was in Eagle Hospitality Trust before the large drop in Nov 2019. This prompts me to re-think my position sizing, in that I should have a smaller position in Eagle and other stocks.
Moving forward, I will change my position sizing to
- at most 3% of portfolio for reasonably value stocks (0.5 value < price < 0.8 value)
- at most 5% of portfolio for deep value stocks (price < 0.5 value)
The above will be a guide to my position sizing. If I think that the stock carries more risk, I will limit the position size further.
Looking at Stocks
I have been looking at Hong Kong stocks recently, as I find that there are some interesting counters that give rather high dividends and has low PE ratio.
For example, Sun Hung Kai (86) gives more than 7% dividend and is around 6 PE ratio.
Tuesday, February 11, 2020
Subscribe to:
Post Comments (Atom)
Why own S-Reits, why not own HK developers?
Singaporeans are familar with S-Reits, especially since S-Reits has been a good asset class to own in last decade till 2022. However, in the...
-
I have discovered that I have made a blunder in my valuation of Hongwei and Contel. That is, I did not take into account of their newly issu...
-
Year % Returns STI (Excl Dividends) Remarks 2004 6% 2005 35% Returns/Declines boosted with slight leverage. 2008: Great Recession 2006 130...
-
Well, I guess I may have done it again. I may have succumbed to the falling market and my over-cautious mood last week. I have sold C&G,...
No comments:
Post a Comment