| Latest Forum Topics / Others |
 Post Reply
|
|
Lazy People Do Get Rich
|
|
|
ten4one
Master |
21-Aug-2006 09:09
|
|
x 0
x 0 Alert Admin |
Only smell ....where is the fun????? Must go out and chew it, taste it and digest it then only you'll enjoy the fun of tradings and of course, the rewards! Cheers!!!! |
| Useful To Me Not Useful To Me | |
|
billywows
Elite |
20-Aug-2006 18:21
|
|
x 0
x 0 Alert Admin |
Ok la, ten4one ...STI will definately smell 2,500 by next week wan. |
| Useful To Me Not Useful To Me | |
|
|
|
|
ten4one
Master |
20-Aug-2006 09:16
|
|
x 0
x 0 Alert Admin |
Not really true! In S'pore there're folks who do invest for the long term and likewise in the US there're also many who trade in every available instruements that are in the Markets. In actual facts, the US short-term-traders are even more savvy and aggressive than us S'poreans! Whether you're Americans, Europeans, Chinese or Japanese...or S'poreans, you can never be a Warren Buffett, ever.... PERIOD! Excuse me billywows, in no way did I imply that Klooloola's postings is referring to U/Trusts............I said that his story line (selling points) was similar. Two different things altogether. And I'm not anti U/Trusts and I'm very sure there're some really good ones. I prefer to do my own Investing doesn't mean that I'm against U/Trusts. Whether STI will hit 2,500 next week will have to depend how much 'goodies' in his (PM) speech have already been factored into the STI. If too much have already been factored in, the STI may even retreat to correction as expectations of Players. Remember the Market is always not very forgiving when the Players' expectations are not met. Cheers!!!!! |
| Useful To Me Not Useful To Me | |
|
billywows
Elite |
19-Aug-2006 07:20
|
|
x 0
x 0 Alert Admin |
Seems like buying an undervalued & neglected (unloved) stock and holding it for long term is not our common Singapore style of trading .... Its practised widely in US, which explains why we have no a Warren Buffett or a Benjamin Graham here so far. Anyway, its a proven investment strategy for the longest time in US. I don't think Klooloola is refering to unit trusts below, which I totally avoid such investments. I am not going to let those strangers manage my money! Like what you have said, ten4one - you want to do your own trading with your own money. So you are anti-unit trusts like us. To each his own style of trading .... Dow & Nasdaq closed a surprising GREEN last nite, PM Lee's ND rally speech tomorrow and our STI gonna lick 2,500 by next week! |
| Useful To Me Not Useful To Me | |
|
ten4one
Master |
19-Aug-2006 04:27
|
|
x 0
x 0 Alert Admin |
Oh ya, if you're talking about investing with W Buffett (WB), then that's a different story. At least now I know for the fact I could smell my cheese again. You're talking about a Legend in the Investing World with proven track records in Stocks. Unfortunately U & I are no WB and there won't ever be one anyway! I being me would still want to do my own things, especially when it is my own money and I'll protect my wealth and see to it that it grows else I'm damned. This I think is the best way to go if you've the time and money. If you don't have the time, go and hunt for a reputable Financial Institute that has a good record like WB. Cheers!!!!! BTW, your story line was quite similar to some Financial Institutes that tried to sell U/Trusts etc..etc.......... They too used fantastic performances to high-lite their products....sigh................... |
| Useful To Me Not Useful To Me | |
|
|
|
|
klooloola
Member |
18-Aug-2006 16:08
|
|
x 0
x 0 Alert Admin |
The source of the buffet quote is the 1990 letter. source http://www.berkshirehathaway.com/letters/1990.html Lethargy bordering on sloth remains the cornerstone of our investment style: This year we neither bought nor sold a share of five of our six major holdings. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board. About one-sixth of our position was bought in 1989, the rest in 1990. see for yourself how well wells fargo has done- graphs dont show reinvested dividend or returns would be even higher http://finance.yahoo.com/q/ta?s=WFC&t=my&l=on&z=m&q=l&p=&a=&c=%5EGSPC |
| Useful To Me Not Useful To Me | |
|
klooloola
Member |
18-Aug-2006 15:53
|
|
x 0
x 0 Alert Admin |
Yes in fundamental analysis even laziness can be a virtue. as Warren Buffet said "Lethargy, bordering on sloth should remain the cornerstone of an investment style. Much success can be attributed to inactivity. " -Warren Buffett |
| Useful To Me Not Useful To Me | |
|
tanglinboy
Elite |
18-Aug-2006 15:02
Yells: "hello!" |
|
x 1
x 0 Alert Admin |
haha... so LAZY = FA people???? Because you don't want to monitor constantly?? I'm gonna get slammed by you all! :) |
| Useful To Me Not Useful To Me | |
|
|
|
|
klooloola
Member |
18-Aug-2006 12:33
|
|
x 0
x 0 Alert Admin |
To review only once a year is not bad. The whole idea is to pick businesses that outperform all the time without having to be monitored. Ex if you had just picked philip morris or exxon in the US markets you would have outperformed them without having to bother ever looking at them. As an example ben bernanke holds only one stock in his portfolio - philip moris - now called Altria. He has done well for himself by being smart and buying and holding forever the one copmpany that is proof to recessions and difficult business and legal situations. the portfolio in http://finance.groups.yahoo.com/group/singaporelongtermequity is expected to be my money, I dont expect anyone else to follow it. The reason it is public is that it keeps me honest and prevents me from pretending to be a great stock picker if it turns out i am not. I dont think it is hard to find exceptional businesses that can be forgotten for years, the Banks UOB abd DBS for example will always remain around and be profitable , hospitals will always be needed. It is clear that all we need to do is avoid businesses that need constant monitoring ex technology companies, commodity companies and focus on businesses that have a long track record of profitability and we will do well. The sectors I am looking at are banks, healthcare and fast moving consumer goods ex beer. I am ignoring energy as i cant track everything. |
| Useful To Me Not Useful To Me | |
|
ten4one
Master |
18-Aug-2006 10:13
|
|
x 1
x 0 Alert Admin |
I'd rather keep watch over my cheese and move it myself. To review your portfolio once a year sounds a bit too long. My long term is about 3-6 mths after which I'd review whether to hold-on or liquidate (profit or loss). Thanks for the invitation anyway. Cheers!!!!! |
| Useful To Me Not Useful To Me | |
|
klooloola
Member |
16-Aug-2006 11:52
|
|
x 0
x 0 Alert Admin |
For the lazy, value investor in singapore there is a group http://finance.groups.yahoo.com/group/singaporelongtermequity It is dedicated to long term buy and forget investing. The goal is to decide on a portfolio and then review it only once a year. Any fundamental investor is welcome to join, it will always be free. |
| Useful To Me Not Useful To Me | |
|
ten4one
Master |
16-Aug-2006 05:33
|
|
x 1
x 0 Alert Admin |
The richest people in the world don't really work HARD, they work SMART! One thing for sure, they're all good 'talkers' and could convince an Eskimo to buy a Fridge. Cheers!!!! |
| Useful To Me Not Useful To Me | |
|
|
|
|
billywows
Elite |
15-Aug-2006 22:21
|
|
x 2
x 0 Alert Admin |
Another buy & hold read ....... Don't get irritated ya. :P ----------------------------------- Lazy People Do Get Rich By Like most people, I'm a sucker for a good headline. That made me easy pickings over on Yahoo! Finance the other day when I came across Robert Kiyosaki's "Lazy People Don't Get Rich." "Allow me to be politically incorrect: The No. 1 reason people aren't rich is because they're lazy," he writes. He then goes on to single out honesty and ambition as the two traits that will enrich you. I'm cool with that, but just because you're lazy doesn't mean you're not honest or ambitious. As long as you exert enough effort to get started saving and investing, being lazy can actually make you richer. Don't believe me? I'll prove it. Buy and hold vs. buy and scold Investors tend to be an active bunch -- often to their detriment. Consider the new metric Morningstar (Nasdaq: MORN) is set to introduce to its performance data: "investor returns." Rather than take annualized performance data at face value, Morningstar is going to factor in the flow of money in and out of a fund to determine how well investors actually did. The initial results are surprising. In many cases, investors did worse than a fund's performance data would have you believe. That's because investors are impatient. They went chasing after returns after a fund's best years were behind it. Consider Janus Capital Group's (NYSE: JNS) family of funds. While its advertised 10-year average annual return is 7.89%, Morningstar is calculating that investors earned just 2.30%, according to a recent article in The Wall Street Journal. There are some meaty implications here, but the one I want you to focus on is that this makes the seemingly lazy "buy and hold" mantra a more attractive approach than running around the marketplace with an itchy trigger finger. In the end, you may do better doing less. In comes the income The virtues of laziness are particularly obvious once you start adding dividend-paying stocks to your portfolio. That's because the longer you hold, the more money you'll have to line your pockets -- even if the stock doesn't go up. While Citigroup (NYSE: C), Bank of America (NYSE: BAC), and ConocoPhillips (NYSE: COP) look cheap here at 10, 12, and six times earnings, respectively, these stocks might not move up for a while if the market stays as volatile as it's been. But rather than sell, let their 4.1%, 4.3%, and 2.1% yields pay you to be patient. Sounds good, right? But get this: It gets even better if you're willing to be lazier. Parlez-vous DRIPs? If you're too lazy to cash those dividend checks, you can let that money automatically buy you an even thicker slice in your stocks through dividend reinvestment plans, or DRIPs. Hundreds of dividend-paying companies offer DRIPs as a way to reward their shareholders in Rip Van Winkle mode. And as Dr. Jeremy Siegel showed in The Future for Investors, reinvested dividends vastly improve your returns. From 1871 to 2004, reinvested dividends accounted for "97% of the total after-inflation accumulation from stocks." And many companies offer DRIPs for you to profit from. Consider Paychex (Nasdaq: PAYX), which has built an enviable business around printing checks for payroll services. You can enroll in its investor program and tell it to reinvest your quarterly dividends instead of paying them out. Those steady, small quarterly payouts will add up over time. Even better, the dividend rate growth at Paychex over the past decade has clocked in at an impressive 28%. You don't even need to place an order with your broker to buy shares of Wendy's (NYSE: WEN). The world's third-largest burger chain offers a DRIP as well as a direct stock purchase plan that will let you buy in for as little as $250. We make lazy look good It's easy. You can let your investments do your investing for you as you take a nap, walk the dog, or watch your dog take a nap. If that sounds like an attractive strategy to you, you might also consider joining Income Investor free for 30 days. Lead analyst Mathew Emmert focuses on finding the best dividend payers to help you be a lazy investor. And if you find yourself earning better returns and having more time on your hands after you subscribe, well, then you'll have Mathew to thank. Click here to learn more. Longtime Fool contributor Rick Munarriz won't kick a lazy afternoon out of bed. He does not own shares in any of the companies mentioned. Bank of America is an Income Investor choice. The Fool has a disclosure policy. |
| Useful To Me Not Useful To Me | |