tag:blogger.com,1999:blog-6897513886211197509.post6538820104176621378..comments2024-03-29T16:34:17.069+08:00Comments on Singapore Man of Leisure: Trading R' UsSingapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-6897513886211197509.post-69006711902785586152018-02-21T21:52:23.183+08:002018-02-21T21:52:23.183+08:00temperament,
OK. Let's not frighten the child...temperament,<br /><br />OK. Let's not frighten the children. <br /><br />We both wait patiently.<br /><br />Own time; own target ;)<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-69855010035184961462018-02-21T19:57:01.048+08:002018-02-21T19:57:01.048+08:00temperament,
Its all about entries and exits.
Th...temperament,<br /><br />Its all about entries and exits.<br /><br />The more ACTUAL practice I have with REAL money, the more it becomes part of my "muscle memory".<br /><br /><br />When the event you've been waiting comes, you better don't "freeze" and give the excuse you are patient and cautious...<br /><br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-34718203117015973272018-02-21T18:02:14.519+08:002018-02-21T18:02:14.519+08:00temperament,
Of course I know you are "waiti...temperament,<br /><br />Of course I know you are "waiting"...<br /><br />Same am I ;)<br /><br />Difference is I'm using trading to keep my saw sharpened...<br /><br />Wink.<br /><br /><br />Kung fu don't use will depreciate one! <br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-56605076019268263482018-02-21T10:54:18.930+08:002018-02-21T10:54:18.930+08:00temperament,
LOL!
You just be happy oredi can!
...temperament,<br /><br />LOL!<br /><br />You just be happy oredi can!<br /><br /><br />Obviously you don't share my "passion" with words ;)<br /><br />To you, happiness, bliss, and glee are probably the "same".<br /><br />Same for pretty, beautiful, and scintillating. <br /><br />You see pink; I see magenta and fuschia ;)<br /><br /><br />There's a reason why there are so many words in the England vocab to express a similar idea ;)<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-46037235685945804802018-02-21T10:02:01.038+08:002018-02-21T10:02:01.038+08:00temperament,
Gambling addicts find it "fun&q...temperament,<br /><br />Gambling addicts find it "fun" to gamble even though they lose more than they win.<br /><br />Same for me. I've been buying Toto for 30 years now. Still haven't win the big prize yet. But I still "contribute" weekly. Why? I enjoy having a bit of "hope"!<br /><br />That's "hobby". Just as long we happy and enjoy what we do, it does not matter whether we suck at it or lose money ;)<br /><br /><br />Craft is something we are "good" at. We are willing to put in the time and effort needed to be skilled at what we do.<br /><br /><br />Passive and 5 minutes a day "investing" appeal to those who treat investing as a "hobby". They just want the outcome.<br /><br />DIY active investing/trading is for those who enjoy the "process" and treat it like a craft. The outcome is just a way of keeping score ;)<br /><br /><br /> Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-88751430397043717882018-02-21T09:41:00.855+08:002018-02-21T09:41:00.855+08:00Unintelligent Nerd,
I don't think the fisherm...Unintelligent Nerd,<br /><br />I don't think the fisherman and me would like to be associated with "yield hogs"...<br /><br />LOL!<br /><br /><br />Funny thing though. Both of us have benefitted from dividends, but we never put dividends on a pedestal.<br /><br />He calls it panadols; I hardly talk about it.<br /><br /><br />I'm more John Neff's Growth and Income when it comes to investing - I put Growth first.<br /><br />That's consistent with my Earn More and Save More thesis ;)<br /><br />I guess Earn More works better for me who started at 16 with O' levels. <br /><br />Save More may work better for those who left with MBA or started at higher paying professions like doctors or lawyers?<br /><br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-3214638982825120352018-02-21T08:37:39.462+08:002018-02-21T08:37:39.462+08:00In US dividend growth investors invest in Johnson ...In US dividend growth investors invest in Johnson & Johnson.<br /><br />In Singapore, our equivalent is Jacob & Jared. Woohoo!Unintelligent Nerdhttps://www.blogger.com/profile/17797052565143872922noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-42309602628473371372018-02-20T22:58:32.269+08:002018-02-20T22:58:32.269+08:00CW,
Buy that time tell everyone they so clever to...CW,<br /><br />Buy that time tell everyone they so clever to find a dividend stock that yields more than 8%!<br /><br />Poke fun at those who voluntarily contribute to CPF OA for only 2.5% to 3.5% interests...<br /><br />But after dividend cut the yield drops to 2%, conveniently forget and now shout dividends so good!<br /><br /><br />P.S. Hell hath no fury like a dividend investor scorned... A dividend reduction or cut would usually be punished by the markets. <br /><br />Its either capital loss or diminished unrealised profits to boot :(<br /><br />Ouch!<br /><br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-80380154942339027622018-02-20T22:49:55.688+08:002018-02-20T22:49:55.688+08:00temperament,
You are one of those who like to &qu...temperament,<br /><br />You are one of those who like to "invent" new meanings to suit your own position. <br /><br />That's OK just as long we are talking "male chicken" ;)<br /><br /><br />For eg, the substitute of the word "minimalism" for frugality was cleverly used by some ang moh finance authors who knew a thing or two about "marketing" or selling books ;)<br /><br />But when "parrots" repeat them, it clear they do not come from an Arts background...<br /><br />Minimalism has nothing to do with money; its an art movement.<br /><br /><br />Just like hobby or craft has nothing to do with whether we make money or not ;)<br /><br />You har!<br /><br />LOL!<br /><br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-66031906832989323332018-02-20T22:21:55.106+08:002018-02-20T22:21:55.106+08:00Go and visit investing forum or chatroom. You can ...Go and visit investing forum or chatroom. You can see many shouting dividends coming. So joyful! Should name as Happy Dividends InvestingCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-44384018522429077202018-02-20T22:17:56.981+08:002018-02-20T22:17:56.981+08:00Unintelligent Nerd,
You can't argue with thos...Unintelligent Nerd,<br /><br />You can't argue with those with "Ah Q" mentality ;)<br /><br />A true dividend aristocrat is one that increases its dividends every year - like Johnson and Johnson.<br /><br />That's dividend GROWTH investing!<br /><br /><br />But then, who wants to admit they've made a mistake? <br /><br />So we change the rules as we go along ;)<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-33231558360234280432018-02-20T22:04:01.862+08:002018-02-20T22:04:01.862+08:00temperament,
No.
You sound like a spectator, lik...temperament,<br /><br />No.<br /><br />You sound like a spectator, like NATO.<br /><br />LOL!<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-85148261701575489242018-02-20T21:21:36.813+08:002018-02-20T21:21:36.813+08:00Hi SMOL,
Tell me about it. Some newbie US dividen...Hi SMOL,<br /><br />Tell me about it. Some newbie US dividend growth investors say measuring portfolio performance by total returns is WRONG!<br /><br />Dividend aristocrat cut dividend nvm. As long get dividends can liao mah!<br /><br />Unintelligent Nerdhttps://www.blogger.com/profile/17797052565143872922noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-45568807459282383782018-02-20T17:56:47.114+08:002018-02-20T17:56:47.114+08:00temperament,
I'm fuzzy when it comes to numbe...temperament,<br /><br />I'm fuzzy when it comes to numbers. But when it comes to words, that's where my england is more powderful ;)<br /><br />A hobby is an activity we do for enjoyment. <br /><br />A craft is an activity that REQUIRES skills and competency.<br /><br /><br />Treat investing or trading like a hobby? <br /><br />That's how those who start with $1 million end up with $100K... <br /><br />Its all fun and games mah!<br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-17461626183393548222018-02-20T07:52:47.313+08:002018-02-20T07:52:47.313+08:00Ben,
You definitely not an evangelist too ;)
Hav...Ben,<br /><br />You definitely not an evangelist too ;)<br /><br />Have a wonderful Year of the Dog too!<br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-8395123533397797912018-02-20T07:50:17.004+08:002018-02-20T07:50:17.004+08:00Ben,
It's more than a hobby; its a craft.
Bl...Ben,<br /><br />It's more than a hobby; its a craft.<br /><br />Blogging is a hobby ;)<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-72932628249272091242018-02-19T23:28:44.924+08:002018-02-19T23:28:44.924+08:00SMOL,
Trading as a hobby is a new insight.
BenSMOL,<br /><br />Trading as a hobby is a new insight.<br /><br />BenWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-71718882236044577382018-02-19T23:10:00.756+08:002018-02-19T23:10:00.756+08:00SMOL,
I am be happier with such approach. The fre...SMOL,<br /><br />I am be happier with such approach. The freedom to choose the desired lifestyle is the sweetest.<br /><br />Happy CNY Year to U.<br /><br />BenWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-35553538500412748202018-02-19T21:20:52.876+08:002018-02-19T21:20:52.876+08:00sleepydevil,
Happy CNY to you too!
I guess a qui...sleepydevil,<br /><br />Happy CNY to you too!<br /><br />I guess a quick summary will be useful to newer readers here ;)<br /><br /><br />I got to where I am through Earn more and Save more.<br /><br />Investing pays for my lifestyle.<br /><br />Trading is my chosen craft to keep me intellectually sharp. If not what to do till in my 90s? <br /><br />And my edge in Trading is I don't have to Trade for a Living ;)<br /><br /><br />Oh! Compliments to your recent piece to challenge your 2 "seniors"! <br /><br />Always "Trust but Verify" :)<br /><br /><br />The biggest problem with so called "backtesting" is we can "data mine" whatever results we want to support our pre-conceived bias ;)<br /><br />If only you were around some time back when I were poking the so called "XIRR" way of measuring portfolio performance!<br /><br />Everyone were coming out with their own "interpretation" of the definition and way of calculation!?<br /><br />LOL!<br /><br /> <br /><br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-45545460153125227922018-02-19T20:05:21.343+08:002018-02-19T20:05:21.343+08:00Hi Jared,
Firstly, happy CNY to you. Wishing you ...Hi Jared,<br /><br />Firstly, happy CNY to you. Wishing you and your family a blissful and healthy year ahead. <br /><br />Wa. Trading is your toy?? hehehehe<br /><br />sleepydevilhttps://www.blogger.com/profile/03214790983822461454noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-13961854490696181482018-02-19T19:44:20.926+08:002018-02-19T19:44:20.926+08:00Ben,
Both of us make for lousy demagogues :(
Ben,<br /><br />Both of us make for lousy demagogues :(<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-11798032269582363822018-02-19T17:49:13.465+08:002018-02-19T17:49:13.465+08:00SMOL,
Well said. You hit the "spot". Ev...SMOL,<br /><br />Well said. You hit the "spot". Everyone is entitled to their own preferences. There are instances whereby ppl expect others to follow their preferences and will chide them for their ignorances or short sightness in not following them. I advocate the free-willed spirit in which one can opt for their own preference. This is the way to go with respects for one another's decisions and wishes. What is good for one may not be good for another.<br /><br />BenWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-30431084295138575232018-02-19T15:06:26.574+08:002018-02-19T15:06:26.574+08:00CW,
Yup.
For trading, we just need 2 years. And...CW,<br /><br />Yup. <br /><br />For trading, we just need 2 years. And maybe less to see we have "it" or not. I mean only 10% of traders make money. Period.<br /><br />For "investing", one market cycle is around 5-7 years. The one we are in is already more than 7 years. <br /><br />So we have retail "investors" who have never known a -50% drawdown... <br /><br />Although the price "breakdowns" of some of the stalwarts of STI - like SPH, Singtel, and ComfortDelgro - are beginning to cause some "self doubts" into their souls... <br /><br />While some have learnt the hard way you don't buy and hold cyclical plays like O&G and commodity counters... <br /><br />For a retail "investor" to throw in the towel and chop fingers, it will probably need to take at least 2 full bull/bear cycles - 10-20 years?<br /><br />Not everyone in our community will finish the race. Which is OK. <br /><br />There is more to life than just the accumulation of money. <br /><br /><br /><i>P.S. This comment was edited due to temperament's eagle eyes. Previously, I've wrongly typed "90%" of traders make money!? LOL!<br /><br />Anyone who has traded will know its 10% or less. Most inside the industry will even say the reality is closer to 5%...</i><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-90475139701620719532018-02-19T14:58:08.162+08:002018-02-19T14:58:08.162+08:00Ben,
That's why I don't subscribe to the ...Ben,<br /><br />That's why I don't subscribe to the "vested interests" who exort everyone must "invest" or else! <br /><br />They sound a lot like insurance snake oils...<br /><br /><br />There are many paths that lead to Rome. Hey! Some may not even want to go to Rome!<br /><br />LOL!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-90068469421392254542018-02-19T14:54:28.717+08:002018-02-19T14:54:28.717+08:00temperament,
LOL!
What a typo! I meant only 10%...temperament,<br /><br />LOL! <br /><br />What a typo! I meant only 10% of traders make money. Period ;)<br /><br />Was trying to say 90% of traders fail to make any money...<br /><br />Should never write comments after mid-night :(<br /><br />Thanks for pointing out my typo!<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com