Oh yes, you are 100% right. Trading should only be a small part of your portfolio. It is time consuming and high risk. I am only trading now because of the glove stocks mania. Once in 10 years or once in a lifetime opportunity. Eventually, we will be eaten by the sharks or crocodiles if we stay too long.

I think we need to diversify across time, assets and country. An example would be:

(1) EPF
(2) ASM, Wawasan 2020 (for non-bumi)
(3) Fixed deposit, advance payment into housing loan, etc.
(4) Unit trusts like FSM One Malaysia or FSM One Singapore.
(5) SSPN (if you have kids for tax exemption)
(6) PRS (for tax exemption again)
(7) Stashaway

The investments which did not work for me were:

(1) PSP lending like Funding Societies, etc (default rate too high)
(2) Gold investment like HelloGold (the spread is too high, no interest payment, etc).

Vanguard ETF is available in FSM One Singapore. I have opened an account in FSM One Singapore but I am stuck there because I have not opened a Singapore bank account yet.

Back on track now. Yes, maybe 10% of your money for trading if you have the time and skill.

You may want to allocate another 20% of your portfolio for stock investment in blue chips or growth stocks (this not trading stocks on a regular basis). Some people like the regular dividend payments. Otherwise, you may just opt out from stock investment and to dump it into unit trusts, etc instead.

Whatever it is, start early and have an emergency fund of 3 to 6 months first before thinking of investment. You don't want the decision of when you should sell your stocks or unit trusts to be determined by when your house roof leaks or when your car breaks down.

Buy some investment books to read. Read, read and read.

My 2 cents worth as usual. Sorry, a bit long winded during the weekend. 

Takaful PE 11.3, CAGR REV 13.6, ROE 28, DY 4
BIMB: PE 7.9, CAGR REV 10.6, ROE 13, DY 4.6
KPower (Risky bet): PE 26, CAGR REV 190, DY 0, ROE 8.4

Takaful: Forumers say something is brewing in(dont know how reliable it is), but I dont give a fck. I buy for long term
BIMB: dont buy now, let it drop more (banks sentiment now bad, can drop more one)
Kpower: No comment, just saw amazing QR and went to have a quick look

When gloves drop, other KLCI components go up. This has happened few times already

Slow institutional fund transfer from gloves to KLCI?
Please dont happen so soon... Hope the big funds dont buy the banks so soon

instant gratification is addictive.

Abit too early though, given the current sentiment, no big funds will buy banks

To bottom fish a bank in a crisis, the safer option is to go for the big 3s (MBB, PBB, CIMB)

Valuation wise
P/E highest among big 3 - bad
P/B highest among big 3 - bad
past ROE highest among big 3 - should be good, but higher ROE means higher financial leverage, not sure if it is good to have high ROE in crisis
expected NPL (based on past performance) lowest among ALL malaysian banks - good

For banks, a lot of people like to use P/B to measure (because banks rely heavily on assets to make money), also lower P/B means if got cash flow problem, the bank has more to liquidate
Book value ( to get P/B, divide the current share price by the book value)
MBB - 6.94
PBB - 11.15
CIMB - 5.53

But I think at least use both P/B and P/E lo, better

Managed to grab some cash this morning on DPHARMA counter. Goreng in and out within 2 hours. (:

Hi yehlai,

I didnt consider dividend yield because, all dividends paid are not reinvested into business, which means less growth for the companies in the future. And it is unwise to think that companies will still give dividends like they used to when their earnings are artificially reduced (for provision); actual earnings loss will come from NPL

Once a company has maxed out its growth (e.g. Nestle, Panamy), all earnings will become dividends, if companies are still growing not getting as much dividends is ok

From what I can gather, there are multiple sharks playing at glove counters. Keep pressing down prices and jacking them up and down. I suggest yall to stop thinking about goreng stocks for now. Movement will be erratical and you’ll gradually have less time to close your position. We know when retail investors will get out so we try to get ahead of yall. Just some advice. I hate my job

Didnt play. Too troublesome load money into member card. Also most tables full, with limited seating and such.

At the time being, the glove stocks look like the Titanic heading towards the iceberg.

My unrealised loss is now officially in the five figure, thanks largely to Top Glove.  

What an interesting day. Don't worry guys, this too shall pass... :thumbsup:

Eh how u know already exit. But sure got some holdings ma