Oct 2024 update: How to use what you already know to make money in the market
I bought a classic book recently, One Up On Wall Street, How to use what you already know to make money in the market.
Peter Lynch attributed his secret to being able to achieve far more than other fund managers to: "The stocks I want to buy are exactly those that traditional fund managers want to avoid. I will continue to think about stock selection like an amateur investor as much as possible."
he wrote about how to find 10x stocks, 13 stock selection criteria and other practical contents, and also mentioned 6 types of company stocks: slow growth, stable growth, rapid growth, cyclical, distress reversal, and hidden assets.
There are small and medium size Gems in Singapore stocks market. These companies present steady growth and decent dividends. Fund manager really don't want them, big cash can't buy them because small volume can make price jump or dive.
I recently locked profits on Civmec and Talkmed, about 40-50% profits within a year excluding the dividends.
Some of Gems in my portfolio were still flat, I am happy to hold them for dividends.
The attached portfolio excel sheet is for your reference.
All the dividends from 2024 were announced, I got 20k as my expectations, average dividends yield is about 5%. My portfolio passive income is a certainty but portfolio assets value is unknown in the short, medium term. Bear market accumulated shares and dividends, bull market lock capital profits. Value investment is better than Derivatives. Boring is the disadvantages of value investment.
US Fed hinted slower rate cutting and HK stock pulled back. My portfolio wasn't spared, paper loss 15k, 3.5% in October 2024.
$NikkoAM-STC Asia REIT(CFA.SI)$
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Thank you for sharing your insights from "One Up On Wall Street"! 📈
Your analysis of Peter Lynch's approach to stock selection and the potential gems in the Singapore market is truly enlightening. 💎
It's inspiring to see how you've successfully locked in profits and hope your portfolio get green in November!❣️ 💘
You have shown case an impressive dividend for mik tea lovers ! If one person drank 10 cups of milk tea a day, it would last them around 400 days—more than a year of milk tea indulgence!