STE's Stocks Investing Journey

i mage credit to investinghaven.com Buffett once said: “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” What can we learn from the latest memo from him ( you may read the full memo here )? In his latest memo, he touched on the topic of “ market volatility” and “Pro-Risk behaviour” . According to him, although most of the valuations seem to point to high and overvalue scenario in major stock markets the “unacceptability of low returns on cash & Treasuries / Bonds couple with the attitude of “ FOMO “, continue to push the market indexes to higher high. Every week, we could hear or see the news of the market reaching a new record high, again and again.

Recently, after reducing my holding in Capital Commercial REIT (here ) and Accordia Golf TR, other than deploying my fund to short term bonds  and building up my war chest, I am also thinking of adding new counters which would generate some passive income to replace the loss of income from these two counters which used to be the main holding in my portfolio. While doing the due diligent for one of the target stock, I came across this paragraph in one of the analyst reports…

image credit to asymmetryobservation.com This is one of the best articles on the topic of “ Reversion to the Mean “ … just for reading. The Realities of Mean Reversion by Jack Forehand,  Validea's Guru Investor Blog Quote “Mean reversion is one of the most powerful forces in investing. Whether it be the performance of asset classes, the fundamentals of companies, or economic data, almost everything in investing will revert to long-term averages over time. ” Unquote Full article ( here )

image credit to sbr.com.sg What is 'Share Turnover' From Investopedia.com Share turnover is a measure of stock  liquidity  calculated by dividing the total number of shares traded over a period by the average number of shares outstanding for the period. The higher the share turnover, the more liquid the share of the company.

image credit to asiaone.com Ding…Ding…Ding, CPF Board had just credited the interest into our CPF account, you may log in and check your latest balance and amount of interest you got from “ Ah Gong “... 😊