It has been 11 days since I post Part 1. FBM KLCI was down to 1370 points 2 days after the post but it went up to 1450 points today. We have not seen the bottom yet.
TNB paid another dividend (20 sen) making the total dividend this year 38 sen. Some were mentioning that they bought TNB at 9+ so I guess it is a little consolation. I bought at RM 9.20. I plan to buy more when it went below RM 8 but it did not. It then traded higher and the highest it was traded till then is RM 8.40 just today.
In the comments of Part 1, I was trying to get a tool to hedge against depreciating MYR. I just find out that I can buy and hold USD in my Rakuten account. I do not have to use the USD to buy US stock. Is it a good time to buy USD? Who knows.
I read The Little Book of Common Sense Investing by John C Bogle over the 3 days weekend. He was the founder of The Vanguard Group and pioneered the first index fund. The book demonstrates how investing in index fund is superior.
But here's the thing. I read The Big Secret for the Small Investor by Joel Greenblatt the weekend before that. Joel Greenblatt argues that index fund is not perfect and introduces a method to select the stock instead of relying market capitalization weightage. To be fair, John C Bogle also touched on the imperfection of index fund and the different ways other fund managers put a weightage other than market capitalization. I ordered 3 other books written by Joel Greenblatt to study this further.
Where am I going with this? Stock picking is a loser's game, according to John C Bogle. Indexing is superior, he said. But he stressed that it is important to keep the cost down and in Malaysia, I haven't seen a low cost Index Fund of FBM KLCI. Let me know if you find any.
Thank you for coming to my TED Talk.
Previous post : Part 2
TNB paid another dividend (20 sen) making the total dividend this year 38 sen. Some were mentioning that they bought TNB at 9+ so I guess it is a little consolation. I bought at RM 9.20. I plan to buy more when it went below RM 8 but it did not. It then traded higher and the highest it was traded till then is RM 8.40 just today.
In the comments of Part 1, I was trying to get a tool to hedge against depreciating MYR. I just find out that I can buy and hold USD in my Rakuten account. I do not have to use the USD to buy US stock. Is it a good time to buy USD? Who knows.
I read The Little Book of Common Sense Investing by John C Bogle over the 3 days weekend. He was the founder of The Vanguard Group and pioneered the first index fund. The book demonstrates how investing in index fund is superior.
But here's the thing. I read The Big Secret for the Small Investor by Joel Greenblatt the weekend before that. Joel Greenblatt argues that index fund is not perfect and introduces a method to select the stock instead of relying market capitalization weightage. To be fair, John C Bogle also touched on the imperfection of index fund and the different ways other fund managers put a weightage other than market capitalization. I ordered 3 other books written by Joel Greenblatt to study this further.
Where am I going with this? Stock picking is a loser's game, according to John C Bogle. Indexing is superior, he said. But he stressed that it is important to keep the cost down and in Malaysia, I haven't seen a low cost Index Fund of FBM KLCI. Let me know if you find any.
Thank you for coming to my TED Talk.
Previous post : Part 2