QUOTE(k8zw3ll @ May 26 2020, 11:29 AM)
Dividend Magic hope he will respond
Hi, wow. this turned into a bash and thrash post real quick.
QUOTE(johnsonlim777 @ May 23 2020, 05:20 PM)
Financial bloggers such as dividendmagic generally make money from sponsored posts and affiliate links. Financial bloggers are generally marketers of financial products. They might give you some basic advice here and there but that's about it.
The recent Etoro endorsement was just a way for the writer to gain more commissions. Etoro is not regulated in Malaysia. If suddenly Bank Negara blocks fund transfers from Malaysian accounts to Etoro, investors will be massively screwed. The same thing happened with Luno for bitcoin in Malaysia previously. Etoro is also providing CFD (option on the stock) vs normal share purchase. Big big difference.
Nowadays financial bloggers also showcase their entire portfolio. They do this so that more readers will purchase the same stocks as them and prop up their portfolio values.
The universal rule here still applies- "those who can't do, teach". If you read the blog post on 16 March 2020, it was mentioned that "my return right now is at a measly 0.91%. Since inception." If you look back at the posting dates of the freedom fund, the first post is December 2015. If you had put your money in a risk-free FD account for the past 4 years, you would have outperform this portfolio without the need to do any single research.
On a separate note, if you're into stocks, dividend yield is just a distraction for me personally. A company with high yield is not necessarily a good buy. A company can take on debt to pay dividends even if it's making losses. Share price will always move upwards in the long term if and only if revenue and net profit grows.
In the short term, glove counters such as Top Glove are trading way ahead of their fundamentals due to FOMO and pure speculation. So do expect a sudden drop in share price of these counters when a vaccine is found.
Let me first respond to this.
To clarify, the 0.91% return I'm talking about is just my capital gain. Does not include dividends. I apologise if this caused some confusion.
The sharp drop was due to covid crisis that spark general panic sell, margin call and also bad investment sentiment. As a long term investor, I don't believe in following the flow and selling off majority / all of my stake in the stock market. I believe anyone who hold long term position will incur losses in this period of time too.
With that clarification, FD did not outperform my portfolio at all.
Now that the general investment sentiment is better.. My portfolio is back up and running. Q2's update should be significantly higher.
I don't mean to single you out but how did your portfolio do during the covid crisis? @johnsonlim777
Also, I've never ever given financial advise to anyone or told anyone to invest in the stocks i invest in. In fact, I always make it a point to remind readers to DO YOUR OWN DUE DILIGENCE when investing in any stocks.
The main reason I posted up my portfolio is to keep myself accountable. If I lose money, I post it, if I make money, I post it.
Regarding affiliation with other companies, I actually use these guys for my own investments.
Lol I can't believe I kena bash by being honest about my portfolio and investing.
I call myself dividend magic also wrong.
I've never said dividend investing is for everyone and I've never said it's magic.. Investing - be it in stocks or other assets is the best way for Malaysians to achieve some form of financial freedom. It so happens that I found my investment to be in stocks, and my style to be in dividends. If you have your own, that is perfectly fine. I don't call you out in the middle of a financial crisis and use your own name against you.
May 27 2020, 10:46 AM
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