QUOTE(dontlosecapital @ Jun 7 2017, 05:15 PM)
Bro vanguard,
Thanks for your recommendation on nhfatt..
Finally gross profit 10%, @4.64,
And dividend 2.61%
I bought at 4.21... 17 may,
Now 7th of June, gross profit 12.61%
Do you have top price for nhfatt,
The source I have only from
Bct asia advisory, is rm 5.0
You are welcome bro. I am happy you are making money. Please keep NHFatt for now. It is not meant for short term trading but long term investment.
I don't have a target price for NHFatt. IMHO, there are a few rules of thumb for long term investment:-
1. Don't watch the stock price after you bought the stock. Watch what the company is doing.
2. What is the future earnings or growth prospect of the company?
3. As long as the fundamentals of the company are OK, you should keep the stock.
I will take some stocks in my portfolio as an eg:-
Stocks / Unrealised Profit
1. AirAsia 15.782%
2. Cocolnd 20.113%
3. GKent 18.338%
4. Johotin 18.393%
5. KESM 41.591%
6. MPI 26.398%
7. OldTown 17.546%
8. Superln 29.953%
Should I sell the above stocks since I have made some profits? The answer is no since I am doing it for long term investment. I will keep the stocks as long as the fundamentals are intact and I bought it with a margin of safety (i.e. when they were undervalued). If we keep on trading or overhauling our portfolio frequently, the only person who will be rich will be our remisiers.
We need time to let the money tree grow instead of pulling out the roots when the tree is growing.
P/S: Sorry for this long winded post. I had a few glasses of wine pre-dinner.