tag:blogger.com,1999:blog-28021668.post8093114906499109415..comments2023-10-12T21:12:41.408+08:00Comments on Value Investment - Musicwhiz's Journey: Musicwhizhttp://www.blogger.com/profile/10950754156386935254noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-28021668.post-50325044129112094792008-04-09T18:19:00.000+08:002008-04-09T18:19:00.000+08:00Hi Vincent,Yes anchoring is another aspect of beha...Hi Vincent,<BR/><BR/>Yes anchoring is another aspect of behavioural finance. As far as I know, day trading with warrants is highly risky and can result in significant losses. It is a practice I will strongly discourage.<BR/><BR/>Regards,<BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-84423545440623115912008-04-09T18:18:00.000+08:002008-04-09T18:18:00.000+08:00Hi LP,Yes it would seem there are 2 extremes: eith...Hi LP,<BR/><BR/>Yes it would seem there are 2 extremes: either the "safe" person who leaves his money in POSB or FD and earns paltry interest; or the high-risk gambling trader who trades frenetically by the minute. The first method does not beat inflation, so the value of money erodes over time; the second method can lead to financial suicide if one is not careful and disciplined enough and thus should not be encouraged.<BR/><BR/>All part of the journey yep, but it's good to learn from others so we do not repeat THEIR mistake. I see it more as you do not need to try something bad to know it's bad (e.g. you don't have to ingest heroin to know it's BAD for you). Thus, I have never touched warrants and do not have the intention to.<BR/><BR/>Regards,<BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-58786745114970402622008-04-09T18:15:00.000+08:002008-04-09T18:15:00.000+08:00Hi Panzer,Glad you took the plunge and moved away ...Hi Panzer,<BR/><BR/>Glad you took the plunge and moved away from "Plain Jane" investments ! All the best for your investments !<BR/><BR/>Regards,<BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-11896509037602516852008-04-09T18:13:00.000+08:002008-04-09T18:13:00.000+08:00Hi Simon,Thanks for the info. I will remember this...Hi Simon,<BR/><BR/>Thanks for the info. I will remember this method of getting good books the next time I plan a buying spree ! But from what you said, 4 weeks is a pretty long wait...hehe.<BR/><BR/>Regards,<BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-21377081147669483902008-04-09T16:16:00.000+08:002008-04-09T16:16:00.000+08:00I confess im guilty of price anchoring (concept by...I confess im guilty of price anchoring (concept by the economist Richard Thaler), driven by greed of quick returns. <BR/><BR/>Anchoring means that we tend to be easily attached to a price/number that we see or hear. <BR/><BR/>Went into day trading with warrants, and was fixated at a certain price target that i "knew" (better) it had never gone below. Thought i had bought at a discount but tanked after underlying went down.<BR/><BR/>Quite a psychological turmoil there..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28021668.post-9111930295830678312008-04-08T22:50:00.000+08:002008-04-08T22:50:00.000+08:00Hi all,Just 2 years ago, my riskiest investment is...Hi all,<BR/><BR/>Just 2 years ago, my riskiest investment is just POSB savings account :) Then I swung the other way into warrants and high risk companies, and now I swing back into more 'sane' investments :)<BR/><BR/>Hhaa, all part of the journey :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-91832469632983354622008-04-08T10:38:00.000+08:002008-04-08T10:38:00.000+08:00Dear MusicwhizI too have committed the sin of "Pla...Dear Musicwhiz<BR/><BR/>I too have committed the sin of "Plain Jane"investments before I decide to take control of my own personal finance and start to take risks.<BR/><BR/>So far, my good performers are all outside the realm of what I would have invested 5 years ago...<BR/><BR/>Be well and prosper!PanzerGrenadierhttps://www.blogger.com/profile/15836438378215893219noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-49675342398028302008-04-08T08:46:00.000+08:002008-04-08T08:46:00.000+08:00since it's overseas, the shipping takes about 4 wk...since it's overseas, the shipping takes about 4 wks. ive just bought a few books. should be arriving next month. i don't mind the wait, not in a hurry anyway. it's even cheaper after the berkshire discount!<BR/>go check it out. Let's say 'common stocks, uncommon profits' is only USD13.5+5(shipping)! There is an additional shipping cost of USD5, but u can always order more than 1 book to reduce the cost per item.<BR/><BR/>depreciating USD and bad business in US = good bargain for ppl in sg. =)simonhttps://www.blogger.com/profile/01511349808077597074noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-7400770905120132642008-04-08T00:41:00.000+08:002008-04-08T00:41:00.000+08:00Hi LP,Wah, this is value hunting indeed ! Looking ...Hi LP,<BR/><BR/>Wah, this is value hunting indeed ! Looking for cheap books over the Internet. Usually I just use the nearest book-store, but I make sure got store-wide discount first. Hehe..<BR/><BR/>Cheers,<BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-47022367192660538512008-04-08T00:40:00.000+08:002008-04-08T00:40:00.000+08:00Hi Simon,Yeah quite off-topic lor, but thanks for ...Hi Simon,<BR/><BR/>Yeah quite off-topic lor, but thanks for the tip nonetheless ! How about sharing some of your experiences with investment sins such as Lust ?<BR/><BR/>Regards,<BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-91055756599098102512008-04-08T00:15:00.000+08:002008-04-08T00:15:00.000+08:00Hi Simon,Really? oh my, have you tried it before? ...Hi Simon,<BR/><BR/>Really? oh my, have you tried it before? How long does it take? I've tried berkshire before, and usually if the book is in store, i can get it pretty fast, within 1 week at most.<BR/><BR/>Thks for the info!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-90701107402336876592008-04-07T22:50:00.000+08:002008-04-07T22:50:00.000+08:00i know this is completely irrelevant. but i realis...i know this is completely irrelevant. but i realised amazon.com sells much cheaper finance books than even berkshire! thx to the depreciating USD. go check it out!<BR/>shipment is only 5usd per book and 5usd per shipment. counting all these in, it's actually still cheaper if u buy just more than 1 book.simonhttps://www.blogger.com/profile/01511349808077597074noreply@blogger.com