Thanks a million kcchongnz

Author: kcchongnz   |   Publish date: Wed, 26 Aug 2015, 05:25 PM 

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Thanks a million to i3investor.com and the readers of my blog in i3investor below.
http://klse.i3investor.com/jsp/blog/blallpost.jsp?blid=1286
I opened up my blog this morning and found the above. My blog has reached a total views of more than a million this morning.

Three years ago on August 22, 2012, I made my first comment in i3investor as below:

[Stock: [KFIMA]: KUMPULAN FIMA BHD
Aug 22, 2012 01:55 PM | Report Abuse 
If one looks at the financial performance of Kfima for the past 5-7 years, you will see that investing in Kfima at current price is a no brainer.]

The next post was on Pintaras Jaya as below:

[Price Target (PTARAS): Daily Trading Stocks- Pintaras Jaya Bhd
Aug 29, 2012 05:40 AM | Report Abuse 
Pintaras returned another fantastic performance for year ending 30/6/2012 with top-line and bottom-line improved by 47% and 64% to 185m and 36 m respectively. Cash flows from operations is abundant at 52 m. Earnings per share, after adjusting for non-operating items is 52 sen per share. At the closing price of 2.81 yesterday, the PE is only about 5. Moreover, it has an excess cash per share of 1.53. It has no debt at all. ROE at 18% and ROIC 32%! Don't you think Pintaras is a good investment at this price? Price target of 3.50 by OSK? In my opinion, Pintaras is worth much much more than this price target. Try do a discount cash flow analysis, even with minimal growth assumption, or using other more appropriate valuation methods such as basing on ROE rather than the not-so appropriate PE ratio.]

Kumpulan Fima’s adjusted share price has dropped by 9% from about RM2.10 since then compared to the drop of the broad index of 4.6%. It doesn’t really emerged to be a no-brainer investment after all.

Pintaras Jaya, on the other hand has risen by 182% from the adjusted price of RM1.10 then to RM3.10 now, or RM6.20 before the bonus issues. Its share price has actually gone up much higher at RM4.85 (RM9.70 before price adjustment) in October last year. At that price, those who are lucky and took profit would have made 340% in three years. This instead was a no-brainer investment then.
As you can see, we can very well be wrong in our assessment, and hence it pays to diversify your investment. Diversification is the only free lunch in investment.
http://klse.i3investor.com/blogs/kcchongnz/48946.jsp
Diversification is not just buy say 10 stocks in the same industry, for example 10 plantation stocks, or 10 oil and gas stocks. If you have done that, you would have lost a bundle in your investment the last few years as oil and palm oil prices plunged and all stocks related to these industries tanked.
Worse still, if you are over-confident in say palm oil industry and put your eggs there, or have levered up your investment with 50% margin finance, you would get hurt very badly. Many plantation stocks, whether big or small, have tanked by more than 50% compared with a couple of years ago. The market is uncertain and unpredictable and nobody had anticipated those happenings. I have written a number of articles on the pros and cons and strongly advocate against the encouragement of the use of margin finance in investing because of the uncertainties of the stock market as below:
http://klse.i3investor.com/blogs/kcchongnz/44344.jsp
http://klse.i3investor.com/blogs/kcchongnz/61822.jsp
http://klse.i3investor.com/blogs/kcchongnz/77460.jsp
http://klse.i3investor.com/blogs/kcchongnz/79429.jsp
Is that my business if others make or lose big money using margin financing? Do I care?
No, I don’t give a damn. But I think in this environment where so many investment banks, and individuals alike promoting the use of margin finance in investing, it is not good to have this type of mentality to be propagated and instilled into the mind of our younger generations. It would not be good for the overall investing environment where we are too as when there are margin calls, every investor will suffer as the stocks and market will drop like no tomorrow. Thus I have to say something.
In the earlier days, I have shared many investment ideas with the forumers in i3investor as below:
http://klse.i3investor.com/servlets/discuss/167643.jsp
http://klse.i3investor.com/servlets/forum/900214344.jsp
http://klse.i3investor.com/servlets/forum/900255072.jsp
A regular former in i3investor has also put up three portfolios of mine in the blog for sharing of investment ideas as shown in the link below:
http://klse.i3investor.com/blogs/kcchongnz/67653.jsp
http://klse.i3investor.com/blogs/kcchongnz/68009.jsp
http://klse.i3investor.com/blogs/kcchongnz/68248.jsp

My first post in my blog in i3investor, kcchongnz blog, only started on 31^st December 2013 when I first wrote about how to avoid lemons in the stock market.
http://klse.i3investor.com/blogs/kcchongnz/44160.jsp
I felt this is very important as in investing, one should take care of the downside first by avoiding lemons, and let the upside takes care of itself. Since then, I wrote a number more of these articles.
http://klse.i3investor.com/blogs/kcchongnz/45373.jsp
http://klse.i3investor.com/blogs/kcchongnz/60180.jsp
http://klse.i3investor.com/blogs/kcchongnz/67199.jsp
http://klse.i3investor.com/blogs/kcchongnz/78262.jsp
http://klse.i3investor.com/blogs/kcchongnz/80930.jsp
http://klse.i3investor.com/blogs/kcchongnz/81916.jsp

I believe those articles above are very useful for new investors who have not much knowledge about investing and the pitfalls in the market place.
Since then I have written a total of 152 article as at today on 26^th August 2015. Most of the time I discussed about all kinds of topics about value investing, how to analyse and interpret financial statements, doing valuations, how to scout for good companies at reasonable/cheap price, reasonable companies with cheap price and other investing strategies, how to build long term wealth and sharing of investing philosophies from those super investors, etc. I did analyse and posted my opinions on some stocks, some have done well and some haven’t.
So with this 20 months, I am very happy that I have achieved a readership of one million. Thanks to this great blog network in i3investor that there's a ton of people that I can share to bounce ideas off for just about anything on investing, and learn from each other. Yes, I have learned a lot from them.
I have even got many forumers to participate in my online value investing course, and I have learnt heaps from them too. Many have become good investors themselves, in their own rights. This I have fulfilled my great passion in investing and the sharing of it, and it continues to keep me motivated.

Thanks again a million for the million page views.

K C Chong