Asked on 02 Dec 2019
What knowledge would you impart to new investors, knowledge that you wish you'd had known of earlier?
That due diligence on company quality is so important. You'll never truly understand the business if you don't dig into the industry Dynamics, what is their differentiation from competition and the management's vision for the business. These may show up in results if they have any moat but you've got to investigate!
The proper way to value a business. Traditional metrics no longer that useful now. Newer metric such as EV/EBIT is much better than using PE ratio.
Being Emotionally stable and tell yourself its ok that others are making big bucks. Invest within your own circle of competence and know where are the boundary of that circle!
"It's OK that others are doing better"
I personally wish I would gain Investing EQ earlier.
This make me a better investors, and a better human too.
I'd wish I knew about the power of starting early and ignoring all the 'noise'.
I'd contemplated investing straight out of university but was warned off it by relatives who lost money. Should have just gone in to the markets and ignored them. Would have quite a portfolio now if I did.
I wished that I knew that compounding is the eighth wonder of the world and started my investment journey way way earlier. Instead of letting the amount remain idle in the bank for the past decade or so.
But hey, it's never too late to start. The only easy day was yesterday, and glad I overcame the huge inertia to start my journey this year.
Wish I met my mentor earlier and learned his methodology of selling puts. Would have saved a lot of heartache in my early days.
Do not be deterred by 30% withholding tax of US stocks. It’s just the ticket price to enter the largest, deepest equity market in the World!
That starting investing as early as possible even with a small quantum, uing basic strategies of buying fundamentally good companies is better that losing a few years in order to accumulate a large quanum to get access to complex and expensive products and markets.
Over a long enough time horizon, such as (10 - 12 years) property investing will never go wrong, so you should not wait to time the market.
I wish I knew how to properly valuate a stock when I see one!
I still remember when I started investing in SG REITs, I just wanted to create a diversified REITs portfolio, at least one from each sector. Ended up buying just for the "Oh I am diversified in REITs" mindset, and not bothering about valuations etc, just going by feeling!
The power from institutional investors!
Here is everything about me and what I do best.
I wish I knew earlier the power of crazy rich (chinese) Asians would push up property prices beyond belief and put more asset allocation in property.