https://tw.stock.yahoo.com/q/ta?s=00643
When a country's per capita income approach $10K, its people start to be interested in stock. China is at the stage now. However, most China ETF contains too much financial institutions, such as the one I hold ASHR, maybe I should switch to 深中小?
Wednesday, June 1, 2016
Monday, May 16, 2016
VRX a wild ride
It is gut-wrenching to watch my 7 digits investment in VRX going up and down, and down, and up. Each move adds or wipes a year of income for a typical family. I tried to make myself above the turmoil and keep telling myself that my strategy will turn out to be right and will have the last laugh with Bill Ackman. But it is harder than I thought. Each morning, I check the quote and I have to tune my emotion to deal with day's tasks and other challenges.
http://finance.yahoo.com/news/short-seller-helped-bring-down-193940102.html
Don't know yet. But the news is turning.
Plan to sell 1/3 when it hits $70, hopefully April 2017. Will keep the rest and borrow again it to avoid big tax bill.
http://finance.yahoo.com/news/short-seller-helped-bring-down-193940102.html
Don't know yet. But the news is turning.
Plan to sell 1/3 when it hits $70, hopefully April 2017. Will keep the rest and borrow again it to avoid big tax bill.
Tuesday, April 26, 2016
Japanese Yen JPY and ProShares UltraShort Yen (YCS)
Japanese government has decided that it will devalue the yen, whatever it takes. Currently it 111 JPY to 1 dollar. Japanese continue to issue more yen and reduce the interest to the unprecedented negative rate. Goldman Sachs believe one day, within a year, JPY will collapse.
When it happens, YCS will be the tool to take advantage. My very speculative forecast, buy it around $75, within 90 days, it will double. We'll see.
When it happens, YCS will be the tool to take advantage. My very speculative forecast, buy it around $75, within 90 days, it will double. We'll see.
Thursday, April 14, 2016
The much hated 1%
Really, they are not that different, especially in the USA. Warren Buffet eats, drinks, sleeps, drives, entertains pretty much like anyone earning upper middle income - $150K/year. The real difference, according to the Oracle himself, is the long distance travel - by private jet.
To make the 1% income at my age, it should be about $350K annual gross income, with a wealth of about $5M. But I am not sure having those will automatically make people feel like rich.
The real benefit is not worry about lack of money anymore. The theory is that happiness start to plateau at $70K year and does not make any difference, or sometime reduce the happiness, when the income is above $300K. I agree.
To make the 1% income at my age, it should be about $350K annual gross income, with a wealth of about $5M. But I am not sure having those will automatically make people feel like rich.
The real benefit is not worry about lack of money anymore. The theory is that happiness start to plateau at $70K year and does not make any difference, or sometime reduce the happiness, when the income is above $300K. I agree.
Swing For The Fences with VRX
VRX is deep trouble early 2016. Stock dropped from $200 to $30. Its future is uncertain since its huge debt ratio and replacement of CEO. I drop most of my risk fund to it! Swinging big time, hopefully this time will be good.
http://www.fool.ca/2016/04/14/should-you-buy-valeant-pharmaceuticals-intl-inc/
Planning to sell 1/3 at $45, 1/3 at $75 and 1/3 at $100. Will see what happen in the new few months.
http://www.fool.ca/2016/04/14/should-you-buy-valeant-pharmaceuticals-intl-inc/
Planning to sell 1/3 at $45, 1/3 at $75 and 1/3 at $100. Will see what happen in the new few months.
Wednesday, April 6, 2016
Fear and Greed - VRX and KMI
VRX was in deep trouble lately, stock drop from the heights of over $200 to about $30. But there is a light at the end of the tunnel now, still risky, so I do the thing I distain, day trade on it. I bought about $290 and sold at $330 within two days. Probably sold too early, but I have to resist the greed.
Bought KMI again today with the news the oil inventory is down and oil price is rising after 9 days of dropping. Bought $500 at $17.19 and sold $17.62.
US Stock market is a bit over priced now. All eyes are waiting for the FED to raise rate in Apr. In an environment of rate rising, the stock usually don't do well. We will see.
One of the simple lesson to learn yet so hard to practice is what Buffet does so well "Be fearful when other are greedy, be greedy when other's are fearful". Started 6 years ago, I start to learn and condition myself to be in the "buying" mood when the stock market drop, and in the "sell" mood when the stock market rise. And be bold to bet big when I see real opportunity.
May be I should start a fund call "Fear and Greed Fund"
http://money.cnn.com/data/fear-and-greed/
Bought KMI again today with the news the oil inventory is down and oil price is rising after 9 days of dropping. Bought $500 at $17.19 and sold $17.62.
US Stock market is a bit over priced now. All eyes are waiting for the FED to raise rate in Apr. In an environment of rate rising, the stock usually don't do well. We will see.
One of the simple lesson to learn yet so hard to practice is what Buffet does so well "Be fearful when other are greedy, be greedy when other's are fearful". Started 6 years ago, I start to learn and condition myself to be in the "buying" mood when the stock market drop, and in the "sell" mood when the stock market rise. And be bold to bet big when I see real opportunity.
May be I should start a fund call "Fear and Greed Fund"
http://money.cnn.com/data/fear-and-greed/
Wednesday, March 16, 2016
ASHR big time and $1M
Today's special. I am getting old but get some new experience.
Sold KMI, LQ and ERUS and now my stock+cash holding is 7 figure. Compare to the big guys, mine is three digits less, but still a new experience for me.
Yellen decided today not to raise rate this round and only raise it twice this year, which means US currency will not be too strong, world interest rate will be low, stock and real estate will be high. I dump most of the cash to ASHR today at $23.60, anticipating a big 5% jump in china tomorrow. Will see.
Sold KMI, LQ and ERUS and now my stock+cash holding is 7 figure. Compare to the big guys, mine is three digits less, but still a new experience for me.
Yellen decided today not to raise rate this round and only raise it twice this year, which means US currency will not be too strong, world interest rate will be low, stock and real estate will be high. I dump most of the cash to ASHR today at $23.60, anticipating a big 5% jump in china tomorrow. Will see.
Wednesday, February 24, 2016
LQ (11.30X20K) and KMI (17.60X20K) and 1M liquid asset
Decided to take the scary ride and follow Buffet's lead.
The story of KMI, major oil pipeline (I believe our backdoor neighbor is the funder), earning money not by oil price but by how much oil is pump via it pipelines. The oil price now is low, around $30, but the volume of oil needed is increasing, especially now American is buying more big trucks. There is no reason for KMI to be beaten down. The fair price should be around $35, I plan to sell it by July at about $30, $12x20k will give me $240K. That will be nice!
The story of LQ, a Texas based hotel change, was similar to KMI, beaten down because it is in Texas. It was recommended by an investment manager in NPR Nightly Business Review, it make sense to me (the NPR show often predicted wrong!). I have been watching it around $10, bought it at $11.30, expect to sell when it is flattened or by the end of the year, for $20, that will get me $180K
the ERUS is not doing well, I got it around $13 now is $11, hi, Putin, work on being a good neighbor!
Plan is to sell around $18, will get $150k, but unlikely now.
The goal this year is to increase the liquid asset to $1M, then I can keep it in the account do wild projects with the earning. We shall see. $700 + $240 + $180 + $150 = $127.
After working for public university for almost 20 years, I am lucky enough to have a pension to rely on. I will get about $40k/year starting 2018, enough to live frugally, which I have been doing as a chosen lifestyle. I believe with $40K pension, $60K from my real estates, $40K from vacation rental, it should be enough. Especially the benefit include health insurance for kids till they are 26.
The story of KMI, major oil pipeline (I believe our backdoor neighbor is the funder), earning money not by oil price but by how much oil is pump via it pipelines. The oil price now is low, around $30, but the volume of oil needed is increasing, especially now American is buying more big trucks. There is no reason for KMI to be beaten down. The fair price should be around $35, I plan to sell it by July at about $30, $12x20k will give me $240K. That will be nice!
The story of LQ, a Texas based hotel change, was similar to KMI, beaten down because it is in Texas. It was recommended by an investment manager in NPR Nightly Business Review, it make sense to me (the NPR show often predicted wrong!). I have been watching it around $10, bought it at $11.30, expect to sell when it is flattened or by the end of the year, for $20, that will get me $180K
the ERUS is not doing well, I got it around $13 now is $11, hi, Putin, work on being a good neighbor!
Plan is to sell around $18, will get $150k, but unlikely now.
The goal this year is to increase the liquid asset to $1M, then I can keep it in the account do wild projects with the earning. We shall see. $700 + $240 + $180 + $150 = $127.
After working for public university for almost 20 years, I am lucky enough to have a pension to rely on. I will get about $40k/year starting 2018, enough to live frugally, which I have been doing as a chosen lifestyle. I believe with $40K pension, $60K from my real estates, $40K from vacation rental, it should be enough. Especially the benefit include health insurance for kids till they are 26.
Wednesday, February 17, 2016
NASDAQ:INVT and NASDAQ:LMFA from a broker long time ago
While I was a grad student and only has 20k to invest, SM called and tried to sell me some small IPO. Some took off and more bombed. Early Feb 2016 he recommended INVT and LMFA, two very small company with unique business. Not sure I will take the risks into industries that I am not familiar with.
Will keep watch these.
Will keep watch these.
Tuesday, February 16, 2016
KMI vs ERUS Buffet vs Tao
Buffet and I both see great opportunity in oil lately. I bought Russian ETF, he bought the oil refinery KMI Feb 16th.
I predict both of us will earn at least 30% by the end of 2016. We shall see who is ahead.
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