Learning to invest in Thai Stocks

Been a crazy week with the SET ending at 828

The value of my portfolio is now 185.608

33,364 is now cash in the buy fund

with 963 Baht in dividends

So for me a very good week.

Thanks for the input Sandy.

To be honest what I fear now is we are do for a correction.

As you know I'm on thaistocks as well. Paul is urging caution at the moment. In practising charting what I see is volume down in my performers. Other indication's are for a slow down. Most of my stocks are close to their highs in the past five years. You know it were all up all the time I would have done this 40 years ago.

In my case having more cash on hand then 15K wouldn't be a bad thing. I've done well with that concept but there is no doubt it would have been bette with a 100K cash.

It really takes time for things to sink in with me. I do know I will be very cautious next week. Or maybe longer, to be a value investors values have to be down. I have had simple blind luck along the way that won't last forever.

Ok Guys chip in. At this point I have two people whom I respect, say to be cautious.

Well we will see if the SET continues to buck the trend all the outside indicators is it should fall, As stocks around the world are down.

Mid day it's holding it's own. I watched an interview on TAN's Invetment beat, this morning. They had an exceutive from Asiaplus who confirmed it was local investor's driving the market, not foreigners

Well Set finished above 830 today, that is supposed to be the resistence point. It again bucked the trend most Asian socks were down today.

I think we just saw a heavy correction opened at 843 this morning at 821 now. I moved get heavy into cash for the next buys and Kept my core model, Cost me all of 2K baht and I have 60k in the buy account now.

The key for me when the next buy cycle starts I will go in with a 100K not 15K

I was prepared for this as Paul had warned us and I had plan in place. So I didn't get hurt on it. Lost about 4K of profits, less then 10% of the profits I made.

Typing oops that should read 834 not 843

I sold out specific stock that were laggards. Everything else weathered the storm just fine. I searched the news yesterday afternoon to see if I could find a trigger. The only thing I could find in that time frame was an article that all the Asian region should stop spending stimilus monies.

Later in the afternoon it went back to 824.

People may have have simply been taking profits. I had a plan in place I just acted on it. I still hold eight stocks from the model portfolio. I could have actually done it anytime but I wanted to ride this a little further.

Keep in mind I'm working with 15K a month. I still have 117K at work and 90 K in the buy account.

There is a good possibility that things will return at the same level again, hope so. We will see what happen today.

Please don't do what I do I'm struggling to understand I'm simply to new. I felt comfortable with this, I've held these lagards since the first of April they never got out of the red.

Well I feel better this morning SET At 827, my laggards are still laggards the ones I kept have put me at 10K profit again

BACK to 830 go figure

bumper wrote:BACK to 830 go figure

I’ve been watching reports on the current round of US results on Bloomberg and CNBC business news.

It has been noticeable that many of the results so far failed to meet the expectations of the analysts, yet in almost all the subsequent discussions with various guests a positive spin was put on the results with regard to the prospects in future quarters.

It is a common perception (rightly or wrongly) in Thailand that Thai business prospects are linked to US performance, in my opinion the impact in Thailand of US performance on the markets is probably more geared to how the actual numbers reported impact on their business projections - rather than on the nuances of subsequent discussions (spin?) on future prospects that appear in the finance media (which will almost certainly lose something in the translation).

NOTE: The results reported so far today are actually pretty good and it will be interesting to see how they might move the Thai markets tomorrow

For the first time Bloomberg finally mentioned Thailand those morning, seems three major tire companies are moving here. I cactually came through the dip very well. Money in the bank and better profits on what is still working.

Ok Guys am I nuts or what.

I had two stocks that in the beginning I bought at their peak, not realizing what I was doing. I held them till the dividends were paid. Sold them At their high.

Bid them low today and picked them back up by bidding at a much lower price, now they are earning money again.

You know sometimes at my stage you just have to punt, this one worked out nicely but not sure I want to try it again. I think getting them at the lower price in the first place is much better.

Last week I ended with the value of my portfolio is now 185.608, There was an OOPs folks it should have read, 181606

This week 185,054

This is interesting as now I have now used the same money three different times, through taking profits and reinvesting. Out of my pocket right now is 115.000.

What I'm seeing the monies that I can invest with now is much higher therefore I have better gross returns.

Taking Profits I held STPI I had a 36% profit, got the signal from Paul to take profits at 26.70 Not bad I would say, today it's at 41

I learned to follow the my charts from ASP Liberty at certain points it will give buy and sell points. I don't follow it perfectly but I do take a look an see if I can milk a bit more out of it.

LA wasn't kidding even when you have a great adviser like Paul, he can find value stocks and then it's up to you. What does that mean checking charts, following business news on a international business. Although I know thaistocks check deligently what the company owes , what it's cash position , even down to a personal look at the facility and the management team. what it's future sales look like. I still double check for myself.

Why it is something you need to know and know how to do. Cause you have have trust in the company before you put money into it. So it's very good habit to develop.

I have found ,my weakness it's being impulsive. I really have to get on top of that, not sure how I will do that it's just a part of my nature.

Well guys I can't complain even with my mistakes I've done OK. Believe me I knew nothing about stocks. Still don't know much yet. But, I have tried give a honest and accurate description of exactly what I have done. So I have to give credit where credit is due, without Thaistocks and Paul I would never have been this successful.

Unless something goes crazy I will be over 200K next month. I stopped my Aberdeen mutual fund, it's great but not the right tool for someone who has five years to work with. I put 15K in it got 14 back, that is high expense ratio, or maybe a better way to say loss. So that money and my dividends along with my normal monthly contribution will be 30K. So I'm pretty confident I will meet that goal.

My goal I sit for the year, ending next March for me is 250K. I'm confident I will hit that goal.

It was funny in reading LA's explanation of dollar averaging, wasn't what I was doing at all. So I will pay more attention to that in the future. Hey what can I say little devils just kept going up "( No I did have some that would have worked on much better.

Congratulations Bumper,if I read you right,you have a paper profit at the moment of 60K,which is more than 50% of your out of pocket investment!That is fantastic !

Thanks some of it is paper some of it is cash in the buy fund. But I have a long ways to go. Things may get a bit more difficult for Paul now finding value stocks in the current climate.