July 30, 2021

14 thoughts on “My Portfolio – Updates of Buy and Sell & Rolf’s Advices!

  1. Hi Rolf,

    Thank you for sharing your – again – very insightful thoughts.

    And congrats to selling a share despite a loss. This takes courage to change your mind when aced with information that disagrees with your initial views and you overcame the Endowment Effect.

    I constantly remind myself to change my mind when the facts change and ignore those who refuse to do the same.

    In the sense of: My opinions may have changed, but not the fact that I am right. haha

    1. Hi Andy,

      Yes, congrats to myself. This is not the first time, I am selling at a loss. At least I do not need to see the physical money notes taken and pay out, which alleviate some pain.

      Yes, changes is essential.

      "A man who views the world the same at fifty as he did at twenty has wasted thirty years of his life" Muhammad Ali

  2. Hey Rolf!

    Congrats on making delicious profits from the stocks u've sold off!

    I guess the plunge is no choice, everybody no matter who are affected by the series of event happening this 2 months!

    Anyway ur looking great there!

    Just to prove that i've came by 😀

    Jeffrey

    1. Hi Jeff,

      Nice to see you after a long time. 🙂 . The profits are not as delicious as the dreadful decline.

      It is still bearable now and hanging on. Hope you are doing great in your life too! never mind the investments, it should not affect our life too much.

  3. Hi Rolf

    When Rolf sells SCI, everyone better run away from this stock right now!!!

    You are right. No one should listen to anybody. Decision is yours as is consequences.

    I'm actually quite surprised that you got into banks quite early. Did you see any value out there yet with banks? Just curious.

    1. Hi B,

      I am selling Vicom next! haha…. You will pick it up right?

      I went into OCBC early before the so many bad news, because of the excess cash in disposal.

      After the devaluation, I punch my fist against the wall! Haha…

      Then came the devaluation news and then stocks rebound.. and I thought why not nibble less than 1 lot each. Not alot.

      Maybe I always think OCBC and UOB are one of the world's strongest bank and nothing too bad should happen to them. 🙁

  4. Hi rolf,

    I think investors who enter the market during a bear and during a bull will have entirely different mindset. I entered near a bear, lost a lot and is generally more cautious and skeptical about double digit returns than those who entered during the bull period. I guess we are a product of what we experienced. So no x returns in y years for me lol!

    1. Hi LP,

      I have to congratulates and envy you to lost a lot. This is an invaluable experience. Frankly I still yet to see any true great successful people who never encounter a major setbacks in their life. Maybe x enlightenments in y life experiences seems more important than x $ in y years.

      I remember when I was younger, someone told me about big failure to learn. I do not concur and say "I only learn from other people mistakes. I will never commit any mistakes myself because I am extremely meticulous in everything I do…" I smile when I look back…

  5. Hi Rolf,

    APTT current payout is unstainable if it doesn't grow its broadband or prenium TV business.

    Taichung must be closely watch, if it doesn't deliver the growth in basic cable TV. Then…

    Part of payout is from Loans. Hence unsustainable, it is not to say it is not a value buy but it's payout is not "defensive"

    1. Hi SI,

      Thanks for the heads up warning. I will take note.

      I reckon APTT is very similar to utility business or Starhub. In the next two years they will unlikely to grow and debts are higher just like Starhub due to investment in cable TV.

      Good thing is their ARPU is very low in Taiwan at s$20 with 150 channels unlike in Sg compare to Starhub or Singtel >s$50. In crisis, business goes on as I reckon more Taiwanese will then stay at home to watch tv.

      With Temasek as major shareholder, it provides a little bit peace of mind.

      Maybe you can refer to my earlier post:

      https://rolfsuey.com/2014/08/asian-pay-television-trust-more-insight.html?m=1

      But in anyway, I will not hold on to it
      indefinitely, depending on the pricing. Thanks!

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