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Businesses need to think long term. Investors even more so!

"industry, by nature is long term. And the fund management business, by nature, is short term.... The success of industry is that you always think long term...... you take the long term decision as if you were to be the owner forever, that is healthy for the industry and therefore our shareholders. " Kristian Siem If you're an active investor, you've probably not heard of Kristian Siem as well. That's because he is more of a businessman, but I have been learning that some of the the greatest in...

April 9, 2021

Looking for trouble in Archegos linked stocks

As usual, not investment advice. Remember, I like to look for opportunities in trouble. In the last week there was this family office, Archegos, that got into trouble and its investments were force sold by banks that had lent it money. I am not interested in the article itself but am interested in the stocks mentioned. I am not sure because I have not looked deeply into each of them, but some of these stocks could be fundamentally sound so this EVENT has created a potential opportunity. That l...

April 7, 2021

Short Term Randomness, Long Term Predictability

The shorter the time frame, the greater the randomness of the market. What do I mean? In the long run, the performance of a company's share price will be very correlated with the earnings growth of the company itself. However, in the short term, it is dictated by the moods of people who are betting on whether the share price will go up or down. The shorter the time frame, the more emphasis there is on trying to figure out what other market participants will do, and try to profit from that, rat...

April 7, 2021

Ruth Truth 23: Leaving a selfless legacy

Wow! After 22 posts from the book of Ruth, we are now in the final chapter and the climax of the story! Boaz is now offering to redeem Naomi's land (and Ruth) but there is someone in the way. Another kinsman redeemer who technically had the "1st right of refusal". There is actually a very beautiful story here of how Boaz is a picture of Jesus, that redeemer being the law (notice the 10 witnesses) and Ruth and Naomi being the Church and Israel respectivley. But that is for another day. However, t...

March 28, 2021

The trick to Investing is simple

"the trick is to get more quality than you pay for in price. It's just that simple." Charlie Munger It really IS that simple! Isn't that what you do in the supermarket or anything that you buy? Why would you part with your money otherwise? Unless you felt you would get more than you paid for? Why should investing be any different? You can:Get free intro investment training and articles: https://www.joshuafong.com Join the conversation at: http://bit.ly/FaithFinanceGroup...

March 26, 2021

Allow the stock market to surprise you

"Allow the market to surprise you." What do I mean? We talked about laser focus to help us select what IN OUR VIEW could be great investments. What we need to do next, is let the thesis play out. If you have taken the right steps so far, there should be a better than even chance that you have selected a decent investment. However, being the humans that we are, we often want the idea to work almost immediately. Unfortunately, that is now how investing works. Investing is a process of slowly, s...

March 25, 2021

Ruth Truths 22: He will not rest until...

"Wait......the man will not rest until he has settled it today." Ruth 3:18bWe talked about WAITING last sunday. THIS promise is why we can wait.Boaz is a picture of Jesus in the book of Ruth. I don't know if you've noticed, but Naomi's heart and attitude seems to have been slowly changing. Remember she was feeling very bitter initially? But in recent days she has been advising Ruth, and now has so much confidence in Boaz!Back to Boaz. Noami is now confident that Boaz will not rest until he has s...

March 21, 2021

Do stocks or real estate provide better investment returns?

Do stocks or real estate provide better returns?John Authers concludes: "The bottom line is that housing is restored to the position we might expect, with returns ranking between bonds and equities. Housing is lower risk than equities but, as Keynes surmised, once you look under the hood at volatility and expenses, it’s not the free lunch it may appear."What do you think?https://www.bloomberg.com/opinion/articles/2021-03-17/keynes-s-theory-of-property-risk-backed-by-endowment-dataYou can:Get f...

March 18, 2021

Ruth Truth 21: It's ok to wait

"Wait, my dauther, until you find out what happens......" Ruth 3:18aWow...the story is reaching a climax. If you have been following my series and reading the book of Ruth, you will know that effectively Ruth had made the first move and for lack of a better word, in my view, "proposed" to Boaz.But put yourself in Ruth's shoes. It is now an extremely vulnerable time!I am not familiar with the customs of the day, but imagine you've taken some action, and is now left hanging, not knowing what will ...

March 14, 2021

Ruth Truths 20: Practicality has a place

Ruth Truths 20: Practical steps have a place "Wash yourself therefore, and anoint yourself, and put on your best clothes, and go down to the threshing floor; but do not reveal yourself to the man until he has finished eating and drinking." Ruth 3:3 I love how the Bible just records everything, warts and all. And at the same time, has very practical advice.  Christians often try to spiritualise everything, as if that would make it kosher. Don't get me wrong, I am all for being led by the Spi...

March 7, 2021

Is the stock market "weird"?

Isn't the stock market "weird"?Each time someone sells a stock, someone is on the other side buying. But they both think they will be right! Otherwise they wouldn't have bought or sold respectively right?OK, that's half in jest. What I'm trying to say is, when you invest or sell, be humble and aware of the fact that you could be making a mistake.It's OK to be confident (in fact necessary) in your decision making process because otherwise you should not have done it. Do enough research to build c...

March 3, 2021

Ruth Truths 19: Are you teachable?

Ruth Truth 19: Are you teachable?"So Ruth stayed close to the servant girls of Boaz....and she lived with her mother-in-law" Ruth 2:23Naomi had just given Ruth some advice to stay in Boaz's field and Ruth heeded that advice. Theoretically Ruth was the "bread winner" of the family now. She was the one who went out to work and make money. Naomi was now dependant on Ruth for her livelihood so Ruth could be the one calling the shots. Ruth could have thought to herself she will just go and find ...

February 28, 2021

Small Steps to Big Changes

What an AMAZING SESSION THIS WAS!!! I really enjoyed chatting with Kenneth and learning business tips on growth and mindset. My big takeway: Make small changes, register small wins, and then keep winning! Be "solution focused" and LEVEL UP! I am confident there is something valuable you can take away in this interview. Some resources to help you:You can purchase Kenneth's physical or ebook: Small Steps To Big Changes from https://smallstepstobigchanges.com/ If you would like Kenneth Kwan to work...

February 28, 2021

Is it foolish to run a concentrated investment portfolio?

Is it foolish to put all your "investment" eggs in one basket? One key benefit I have found about a concentrated portfolio is the FOCUS and DISCIPLINE it brings. Do you know it is extremely "easy" to buy stocks? All you need to do is open a brokerage account, fund it, click some buttons and off you go! However, because it is sooo easy, many people don't take it seriously enough. They will spend days, weeks, even months researching the latest car they want to buy. But have no qualms listening to...

February 24, 2021

Ruth Truths 18: Are you tempted to take it easy?

"So Ruth gleaned in the field until evening. Then she threshed the barley she had gathered...she carried it back to town..." Ruth 2:17 Don't stop.  By this time, Ruth was noticed by Boaz and he was showing her a lot of favour. He provided lunch and also instructed his workers to be kind and protect her.  It seems like she can now "take it easy" and coast along.  However, she didn't. Ruth continued working hard, all the way until evening and then carried whatever she had picked up ...

February 21, 2021

Ruth Truths 17: May you be richly rewarded!

"May you be richly rewarded by the Lord...under whose wings you have come to take refuge." Ruth 2:12I can talk about money, investing, real estate and stocks all day long. That's my passion and I suppose my gifting. The danger is this. It is easy to place our confidence and trust in what we have and our own abilities. In fact, the MORE we HAVE, the greater the danger that our wealth can HAVE US. Ruth was working in Boaz's field and in a way, Boaz is the one "being kind to her". But Boa...

February 14, 2021

"Is your money gathering digital dust?"

"Is your money gathering digital dust?" Kenneth Kwan Loved it! Was having a chat with Kenneth and the topic of investing our money came up. Its so true eh? In the current low interest rate environment, the interest you receive on your savings will almost be meaningless. Does that mean we don't save? No! Even if it is just a small amount, save! You can still invest regularly (make sure you know what you are doing and are aware fo the risks etc), or you could accumulate it over a few months and i...

February 12, 2021

What can you learn about investing from Game Stop ?

"...momentum works until it doesn’t. The people who make money in momentum are the people who can detect when momentum shifts.So if you want to be a trader, be a trader, but be aware of the fact that you’ve got to sense when the momentum is shifting. That’s a very different game. If you’re good at it you can make a lot of money but if you’re not I mean you’re going to get slaughtered!"Aswath DamodaranWell the Gamestop saga is all but Game Over by now. But I was actually a little conc...

February 10, 2021

Ruth Truths 16: You are noticed, Beloved!

"...that you notice me......Boaz replied, "I've been told all about what you have done for your mother-in-law..." Ruth 2:10-11You ARE noticed. I know sometimes it may not feel like it, especially in the age of instagram where it is common to compare yourself to others and how many more followers or likes their posts are getting. I just want to encourage you to keep on keeping on. God notices. Jesus says if God feeds the birds of the air and clothese the flowers of the field, how m...

February 7, 2021

Investment Compounding: To the upside and to the downside!

Flogging the "compounding" horse. I've been ranting about this topic for a while and thought I would provide some numbers for why it makes sense. Assuming you can find a wonderful company that doubles in value every X number of years. If you can do that in 10 years, your rate of return is 7.2%. Too low in my opinion. Trying to double every year is too aggressive and would probably lead you to making very risky decisions. What I aim for is doubling every 3 years, or a compound annual return of 26...

February 5, 2021

Are there companies you should never sell?

Are there companies you should never sell? I am not sure if some of you caught one of the more important points from Howard Marks' latest letter that I shared last week. Interestinly, this is a point I have been saying in many different ways recently, maybe because I need to remind myself. The point is this: There are certain truly WONDERFUL businesses that investors should never sell. These companies are able to compound retained earnings at a high rate CONSISTENTLY and can SCALE with very lit...

January 27, 2021

Ruth Truths 15: Refresh

"8 So Boaz said to Ruth, ‘My daughter, listen to me. Don’t go and glean in another field and don’t go away from here. Stay here with the women who work for me. 9 Watch the field where the men are harvesting, and follow along after the women. I have told the men not to lay a hand on you. And whenever you are thirsty, go and get a drink from the water jars the men have filled.’ Ruth 2:8-9 Verb #6: REFRESH (go and get a drink) Ok, last one from these 2 verses! What a joy milking and gleanin...

January 24, 2021

Howard Marks on Value vs Growth Investing

If there's something you wanna read about investing this weekend, read THIS.  I have been reading Howard Marks's letters for a long time and always find something useful to learn. This one is no different, but he seems to have packed a huge amount into this particular letter, talking about Growth vs Value Investing. https://loom.ly/VLBt4CM Some of the points that really jump out at me are: - How Marks is able to keep an open mind even though he is primarily a value investor- Value can be fo...

January 22, 2021

Are you willing to hold a stock for the next 10 years if the stock market shut down?

Is there a stock you are willing to hold for the next 10 years if the stock market shut down?Warren Buffett used this analogy many years ago. If you are not willing to own the stock for at least 10 years, you should not be buying to own it for the next 10 days or even 10 mins.This is a very useful "Thought Exercise". If you were to go through your portfolio right now, are the stocks in there companies you are willing to be a part of for the next 10 years if the stock market shut down? What about...

January 20, 2021

Real Estate Investing with Aaron Bennett

Aaron Bennett has an inspiring faith journey of how he started building homes IN NEW ZEALAND, whilst he was attending Hillsong College in Sydney Australia!How did he get into real estate?What should you look for when buying a new home?What is the role that his faith in God has played?And many other faith steps and miracles in his life. Don't miss this! PS: This interview was especially fun because I did it whilst on holiday, IN MY CARAVAN, using just my mobile data plan! Fun times!PPS: And do ch...

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