BenjiFuji
BenjiFuji
Create massive value and transform positively a Billion people’s lives.
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avatarBenjiFuji
2023-07-02

Robo vs S&P vs Tiger

This is a post 1 year experiment and reflection of how my investing journey of 1-2 years of an experiment I conceived to better understand myself and the various tools. Of course I have been investing for a longer period than above but for the purposes of my experiment, I'll leave out that portion. DCA ROBO I have been DCA ROBO for a period of time into a moderately higher risk portfolio of equity and bonds. Current result is a -4.30%. On reflection, the initial large sum invested contributed to a larger negative portion. Aside the bond and fixed income portion of 20% might has contributed to the drag. However I am not upset as the current bull market might just tip things over. Lump sum S&P This method involves firing at S&P500 at fixed intervals (eg. -20% -40% -60%). This ti
Robo vs S&P vs Tiger
avatarBenjiFuji
2022-04-15

Investing conundrums [Part 1]

When investing, I find that there are so many contradictions that exist. From following the crowd vs avoiding the crowd, to buy low sell high and buy high short low. Given the lengthy amount of discussions that I possible with all the conundrums, I shall start with a baby step and attempt to tackle one at a time and starting with this:Diversify or Diworsify?The point for diversification is to reduce risk by placing your eggs in multiple baskets. With the hope that although all might not hatch, in fact some might turn out to be rotten, that a golden goose might turn up.Also, based on the 80/20 rule, if 80% of the eggs gives a nominal gain, hopefully that 20% will become a multi bagger and cover up all the potential downsides.Finally, by spreading your investments across various industr
Investing conundrums [Part 1]
avatarBenjiFuji
2022-08-19
Speculating vs Value InvestingI have had my fair share of little experience in both sides, with ups and downs. Speculating Ups and DownsThe boat I could have gotten off from speculating was a 722% gain. Unfortunately I was too raw and naive in the investing world and fantasised about astronomical gains before I could get out. The worst result from speculation was the grand old Toto where any bet went to ZERO. [Facepalm] Value Investing ExperienceThe upside from Value investing is not as highas speculation for the same time period. My maximal % gain is only 80% currently. However this is excluding dividends and the value of the stock that can raise further if I hold longer. Of course I have had a 84% loss (excluding dividend gains) as well.So how?Although the gains from specu
avatarBenjiFuji
2023-08-02

2 bagger! Does it Meta?

Recently last month, my investment in $Meta Platforms, Inc.(META)$  almost reached the famous 2 bagger. (100% increase). Of course this is a worthwhile celebration. However do not that this is NOT a recommendation to buy META, but more of a reflection exercise on what any investor can consider if this happens in their life. The case to SELL One of the initial strategies that I came across while learning how to invest is to sell and take profit once you hit a 2 bagger. In fact, sell 50% of what you have, take back your initial investment, and hold the rest till eternity. This seems like a good proposition until you realise that it's foolish as: 1. On selling, somehow psychologically the price will go up and you will beat yourself up for n
2 bagger! Does it Meta?
avatarBenjiFuji
2022-04-24
What is the best way to hedge your portfolio?There are so many ways to consider when I read this topic. Here are some quick points to consider.1. Hedge? Why hedge? Cost ultimately because you might not have conviction in your position, so perhaps the risk involved is too great and you want to reduce it. Like buying insurance, a bit is fine but if you buy too much, it doesn't make sense.2. Diversification of Assets - gold, property, stock, options, crypto. All of it won't plunge at ago. If it does, the whole world will get hit.3. Portfolio sizing - 3 positions in a stock will be 33.3% portfolio size. This is ok for a small time and initial investor where is amount invested is small. (Think 1k-10k, or 10% of your nett worth). 5-10 positions of sizing will lead to 10-20% of each position. (11
avatarBenjiFuji
2022-09-30
What to do in a market crash?Well first of all CELEBRATE.As a value investor especially during the bull runs, I have been waiting patiently for a crash together with my other fellow investors.Having seen the 1997, 2008 crashes and kicked myself silly for not investing. I subsequently loaded up on minor drips along the way. No regrets. Definately during this drip I will fire in more. However please fire in sensibly and never bet the house.Secondly, I will also review the valuations of quality companies and re look at my strategy which is to invest in undervalued quality companies that have a wide moat. I will also be moreprudent in my spending to load up on my dry powder. I have also been investing in indexes like $S&P 500(.SPX)$.Finally,
[Work or Investing???] How to make 1 million? Well the easiest method that happened to me when i held, not just 1 million, but MILLIONS on my hand and I felt super nervous at the people around me. How is it possible? Well I was a student at that time and I changed my SGD to Vietnamese Dong. So I had Millions of Dong on my hand.[Cool]   Jokes aside, why limit yourself to Working or Investing? WorkIng to Millions Well working to Millions as an Employee seems only privileged to a certain few. With the median income in Singapore at $5k+, it'll take almost an eternity to hit one million purely by employment. The exception however, would be if you are: 1. Working at the C suite or as a CEO like for example$DBS Group Holdings(D05.SI)$ 
[Journey to the West ~ Part 1] Was recently on a trip to the West to land of trading and investing. Also known as the Big Apple, I was at New York City. 🌆  Touching the brick of a few companies, I like to start off this sharing with none other than$Apple(AAPL)$   . Impressive landmarks Firstly, Apple tend to place themselves in landmark locations. Think Marina Bay Sands waterfront area. Also the flagship store in Orchard Road. For NYC, the store at Grand central was super impressive. In an iconic train station,$Apple(AAPL)$  occupies a section with comfortable furniture coupled with a breath taking view. Excellent service The Apple staff working there was excellent in terms of service.
avatarBenjiFuji
2022-04-21

Investing conundrums [Part 2]

Another common investing conundrum that I encounter as an investor is the classical Cash or Asset? In a potential inflationary environment, you might hear articles shouting, "cash is useless! Buy stock, property and assets!". On the flip side, there's the age old saying that "cash is king!" Here are some my thoughts.Cash is Useless. Buy assets.The argument for this is that in an inflationaryenvironment, cash is useless. Can your bank give you an interest rate that exceeds 2.2~8% inflation? Highly unlikely. Your bank will likely bust doing that and even if it does give super high inflation rates, like in Zimbabwe, that would mean that inflation has set in big time.The other argument against cash is that your purchasing power gets dramatically reduced. How much has the hawker increased his o
Investing conundrums [Part 2]
avatarBenjiFuji
2022-09-25
$Straits Times Index(STI.SI)$BearishThe trend of the STI index is implying a downward top line with a stronger support line around 3072. The MACD has turned also indicating bearishness.On the fundamental side, Singapore's core inflation has jumped to an all time high of 5.1%. This is a 14 year high. What this means is thatfor all people who DID NOT get a 5.1% increment is effectively burning money now.Even if you were to invest in high interest ratefixed deposits or T-bills of 3%, your money isgoing to lose value over time.The flip side is that I am bullish for banks like $DBS LTD(D05.SI)$. Interest rates going up isgoing to make banking earnings look wonderful although the question is whether th
avatarBenjiFuji
2022-06-05

Innovative business, great or gripe?

Was touching the ground and chanced upon this robotic delivery machine by $Grab Holdings(GRAB)$. While this isn't a recommendation,it made me think about businesses that regularly innovate vs those that do not need to innovate so often.Innovation is the wayInnovation allows for expansion into new spaces. Imagine if full robotic delivery goes full swing, what will happen? I suppose in the most ideal state, all our food will arrive at punctually and at the right temperature. Delivery of letters, post items and other confidential materials will be effortless as well. Innovative companies like $Apple(AAPL)$and $Taiwan Semiconductor Manufacturing(TSM)$will bring f
Innovative business, great or gripe?
avatarBenjiFuji
2023-12-26
[Reflection of 2023] It's been almost 2 years of reflections for me for my Robo DCA vs S&P (bottom shot) vs Tiger investments. How did I fair? Robo To be fair, Robo had most of the cushooting when the sky was falling in 2022 due to its bond and widespread allocations into various mutual funds. To date, I am proud to have DCAed my Robo into a postive 0.23%[LOL] [Grin]   Allocation here was a larger amount and it comprised of investments meant for long term and lower risk so I am fine with the results. If the Fed cuts interest rates and the markets fly to the moon, this portfolio will likewise fly. If black swans hit, I will DCA to get better results with this portfolio so its win-win either way. S&P500 bottom shot My firing[Cool]  was done in 2022 with fixed
avatarBenjiFuji
2022-05-02

Investing Conundrums [Part 3]

Fire, Fire! 🔥 Red hot fire with stocks in the red seems to be the prevailing fashion these days and obviously 3 prevailing points of view have come to light. See which one applies to you.Fire in another house 🏠🔥This is the situation where you see a massive sell down leading to stock price crashes in an industry or asset that you have no investing in.You can say, "it's other people's house so I'll just stay out, eat my chips and watch the show." For example, the massive sell down in $Tesla Motors(TSLA)$has no impact on me whatsoever. EV is still an industry that I am honestly figuring out and choose to learn from the side lines.Fire in my house! 🔥🏩🔥In this situation, your stocks, assets or positions got red. Consistently red. You might be
Investing Conundrums [Part 3]
avatarBenjiFuji
2022-06-19

Why is Buffett buying back?

Chanced upon an article to state that "Grandfather of Value Investing" Warren Buffett is backing back his own stock. In fact for the past 6weeks, he has bought back $1.3 Billion of his own stock. Why so?Stock is undervalued based on 10X EBTBased on an historical article in Seeking Alpha, Buffet buys back when the stock is only undervalued and one way of assessing it is using 10X pretax earnings (EBT). Based on the author's estimation in 2021, the IV of $Berkshire Hathaway(BRK.B)$ is at $194. However BRK.B is now at $268.08. So why the buy back? I did some snooping with Tiger values using the 10X EBT + Cash and my IV was $192.67. Using the numbers in GF, using EPS instead of EBT, I got $436. If I used the GF number and divided
Why is Buffett buying back?
avatarBenjiFuji
2023-10-10
The Best Hedge against conflict With the recent Hamas Israel war breaking out, it seems that we will need to bet for the 22nd century to be a peaceful one instead. That is provided both you and I are around to see it. [LOL]   Jokes aside, given this uncertainty, with oil prices going north, conflict in Israel, US inflation, Fed interest rates, China property going down, what should we invest in? One level of thinking Investing in Gold or gold related stocks such as $Barrick Gold Corp(GOLD)$ would seem to be rationale thing. After all, the greater the uncertainty, the higher gold will climb. After all, doesn't the governments around the world horde gold? Another level would be to look into Oil related and Defence related stocks
avatarBenjiFuji
2022-11-04
$Alphabet(GOOGL)$Bullish about Alphabet in the mid to long term. The price now is in the mouth watering $80s, with lots of attractive valuations. For example, it EV/EBIT = 13.16 with a ROE of26.6% is insane. The GF value of $140.78 stays with a MOS of about 40%. The price is also comfortably below the DCF values and medianPS value. Fundamentally, the stock may plunge further due to negative sentiment as the Fed is still likely to hike interest rates till the employment data or pay data shows inflation abating. However, $Alphabet(GOOGL)$is fundamentally strongwith a very strong ROIC >>> WACC. It's debt to equity is at 0.11, with a 4.02 cash to debt. So what?
avatarBenjiFuji
2022-05-25

Grab the opportunity or otherwise?

Two top executives have left the business andquit. One of them, Chris Yeo, has 6 years of experience and was leading the payments and rewards segment. The other Jeffery Goh, was leading the payment gateway business.This is in light of Grab's year on year loss incremental of $3.6 B in 2021 vs $2.7 B in 2020. While the revenue of Grab had been increasing, most investors have been focusing on how Grab is cutting its loss.CNA found some sources quoting that many business groups are being put on notice, with significant performance metrics. There was also a report of an intense focus to get to profitability.The managing directors at Grab are also serving their notice periods according to the article.What do you think? Is it a positive sign that Grab is starting to wake up and trim its fat? Or d
Grab the opportunity or otherwise?
avatarBenjiFuji
2022-05-13

What to do when it dips massively?

This week has been the week of mega dips.And I must say looking at the dips that I am having, it cannot compare to these mega dips.Firstly there is the amazing 56% plunge that Upstart had when it did not meet the expectations. I recall my friend texting me asking if I wasvested and I said thankfully not.Then there was the mother of all crypto crashes that dipped 98%, and to date 99% drop in Luna. This was widely covered in Tiger news as well as in my investment groups. Imagine your investment going down overnight like that. What to do emotionally?First, come to grips that your own life is more valuable than your investments. We are humanand to be human means we make mistakes. To err is human and to forgive divine. And we need to forgive ourselves for missing that assumption or le
What to do when it dips massively?
avatarBenjiFuji
2022-05-07

What do I do with so much information?

For those of you who have lived before the internet, you will fondly recall a time where therewas a set of items called the encyclopaedia. Itwas said that all of the world's knowledge wasfound in it and just by reading it, you could understand the universe. Those were the days where knew so little and felt happy with small discoveries.No with the advent of the internet, with $Alphabet(GOOGL)$and the explosion of digital initiatives, I am increasingly humbled by how littleI know and how much information comes through with just a small device on the palm of myhand.FactsThis is one category which I deal with the information that I receive. It's indisputable that I have an ice cream waffle as a picture and it's afact.
What do I do with so much information?
avatarBenjiFuji
2022-10-20
$IFAST CORPORATION LTD.(AIY.SI)$Bullish on iFast even after the whole slew of bad news. Downside risk is that iFast had a large one offlost from the India operations and it's profit margins have dipped from 14.5% to 8.2%. Aside, there was a history of dilution of shareholders before, leading to a massive sell off. On the upside, it has a 0% debt equity ratio, and that was 5 years ago. No coverage is needed from operating cash flow and no payment of interest is needed. There has also been 91kshares bought in the past 3 months by insiders, with none selling out. Over the past 12 months, 4 insiders and 2 companies buying, while only 2 insiders selling. And the selling is around36k only for 12 months. Fired another bullet

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