Friday, August 14, 2020

My approach towards investing

 My trading on Tesla shares over the past two months has been quite profitable. Most times, I made profit when the share price was going up and when it was coming down.


I attribute my success to two important factors - luck and analysis. Both of which are probably of equal weight.

One can have good analysis, but if the luck is not on your side, you cannot make a profit.

Similarly, you cannot depend on luck alone. You need good analysis to make the right judgment.

I was able to read the trend for Tesla quite well, because I have been following the share very closely for more than a year.

I understand the company in great depth. I understand its market, its products, its competitive advantage.

I also have the help of my crystal ball (CB). Most times, its whispers turn out to be correct. I will not part with CB for any sum of money. (Sorry - not for sale!)

My other investments are not doing so well now. Most of them are showing paper losses. I keep them because they were grossly under-values and pay good dividend.

I am patient, waiting for their recovery. I hope to be able to tell interesting stories about this strategy some time in the future, but not now.

In this article, I explain my approach towards investing







2 comments:

Anonymous said...

Lin Bingwen, director of National Cheng Kung University Hospital, died of cancer at the age of 61... He left a few deep words.

He said: Don't save good things for special days.

Life is really fragile, and death is a certainty. Even Apple’s Jobs was helpless in the face of illness.

The wife of an old classmate of mine many years ago had just passed away. He told me, "I found a silk scarf when I was sorting out my wife's belongings. It was bought in a famous brand store when we were travelling to New York."

It was an elegant and beautiful designer scarf with a high price tag on it. His wife had been reluctant to use it. She had wanted to wait for a special day to use it.

Speaking of this, he stopped and I did not answer. After a while, he continued: "Never save good things for special days. Every day you live is a special day."

In future, whenever I think of these few words, I will often put down my chores, find a novel, turn on the stereo, lie on the sofa, and grab some of my time.

I will enjoy the view of Danshui River from the floor-to-ceiling windows; regardless of the dust on the glass, I will take my family to eat outside.

Life should be an experience we cherish, not a life that we have to struggle with.

I once shared this conversation with a lady. When I met her, she told me that she was no longer putting the beautiful porcelain in the wine cabinet like she used to.

She used to think that she would have to save it for a special day before using it, but later realised that that day might never come.

"Future" and "Someday" no longer exist in her dictionary. If there is anything to be happy about, or something to be proud of, she will hear and see it now.

We often want to get together with old friends, but we always say we'll look for an opportunity.

We often want to hug our grown-up children, but we always wait for the right time.

We often want to write to the other half to express our deep affection, or we want to let them know that we admire them, but always tell ourselves there's another time for it.

In fact, every morning when we open our eyes, we have to tell ourselves: "This is a special day". Every day, every minute is so precious.

[1] Don’t always work under pressure, it is too exhausting!

[2] Don’t forget that the body is everything. Without health, you cannot enjoy all the pleasures of life.

[3] Don’t think that it’s the doctor who can save lives, but its actually yourself.

[4] Don’t think that there is a reward for what you give. Only by giving without thought of the reward can you be rewarded.

[5] Don't neglect those who are predestined to be with you. You will realise that it is difficult to find a friend when the prosperity is over.

Work with the flow! Enjoy life slowly, and enjoy every day of life happily.

After you've read this short article, share it with your family and friends! You may change a lot of people. Thank you, it’s been nice to have your attention .......


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