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investment 101

(2018-04-25 12:45:21) 下一個

The first rule of investing is “do not invest in things you do not understand”. For dividend paying companies this could translate into do not invest in a company where you do not understand how they make their money. 

In regards to Dividend Payout Ratios, do not invest if a company cannot afford their dividends. I am not talking about one losing quarter or year, I am talking about when a company time and time again has dividend payouts it cannot afford, or continues to pay dividends when it appears that they can no longer afford to pay at the current rate or even pay any. Pay special attention to DPR in references to Cash Flow. 

What I look at to determine is a stock price is reasonable is Price/Earnings Ratio, Graham Price, Dividend Yield and Price/Book Value Ratio.

Looking at the P/E Ratio to determine if a stock is at a good price is one of the most common things that investors do. Looking at a 5 and 10 year median P/E Ratio can give you a good idea what is considered to be a relatively high or low current stock price. A reasonable P/E ratio can vary by stock, the sort of company a stock is or type of market we are in. 

A particular stock may have a premium or higher P/E Ratio than others in its particular industry. This would be because investors think a stock is a “best in class” stock. An example of this would be Enbridge (TSX-ENB), which some analysts have suggested it should have a higher P/E than other pipeline companies. Tech stocks often have higher P/E Ratios than other companies.

http://www.susanpbrunner.com/investing3.html?  

  (1) 要建立完善的快捷的資產流動通道。這個通道貫穿 銀行 (checking account),證券公司,房產(HELOC),信用卡,401K, IRA, ROTH。以便及時抓住機會,比如,股市暴跌,你就可以提前買入 IRA, 不一定要等到第二年報稅時的3,4月份再轉錢到IRA(最近的一次就是2016年一月)。 股市虛高時或利息較高時,股市獲利非常有限,這時要還清所有欠款,如上帖所說俺目前短期債務已清。              
            (2)在恰當的時機,如果利息或手續費低(最好低於3-4%),就多借錢,能借多少就借多少,多種渠道,多種方法。實際上就是向地主看齊,利用杆杠,但不要用MARGIN, 因為這不在你掌控之中,很容易在黎明之前倒下。但無論如何,時機最重要!我前兩年用的無息信用卡,提現費是2-3% 為期18個月,相當於1.3-2.0%的年利息,跟白送錢給你一樣。現在的提現費是5%,股市又那麽高,油水不大,嗬嗬。俺就不玩了。
            (3) 要盡量買足401K和IRA,這裏不僅僅是稅的問題,而是第一桶金的問題,是能不能盡快有足夠資金來運作的問題。假如一年存1萬,五年存5萬,加上投資又免稅,5年後就是7,8萬了。 你若交稅,一年隻能存6千5, 10年存6萬五,加上投資收益和交稅,10年後才有8萬。8萬來得太慢太晚了吧?!晚了整整5年,延遲了整整一倍的時間!! 好的投資,5年又翻一翻了。
            (4) 要關注經濟的周期和多數大公司的整體經營狀況。不要受媒體誤導和單一事件影響。
            (5) 要建立自己的炒股係統。一開始就要考慮大資金運作,不要老停留在遊擊戰上,要為指揮千軍萬馬做準備。俺以前的ID 是長纓在手,第一套炒股係統在大千上叫蒼龍股票係統,很成功,曾在大千股壇上每周薦股,叫蒼龍股票。 當時,有不少網友批評,俺的選股交易量不大。現在看來他們的批評是對的。就是沒有scalability. 這也是後來停用的主要原因之一。
             (6) TA 是炒股的啟蒙老師,引導你對股票的分析認識,但啟蒙老師不大可能成為你拿世界冠軍的教練。很多人抱著TA不放,這等於抱著小學老師不放一樣,前途堪憂。要想成功,必須有自己的東西。這就是所謂要青出於藍而勝於藍。不過,俺還真常常懷念小學老師,也懷念TA,特別是讓俺用TA賺10倍的年代。所以現在還時不時的用小錢按TA玩玩。
             (7) 我常說地產是富人玩的,股票是窮人玩的。在錢不多的情況下,隻有股票才能快速帶你走出經濟困境的。當然,運氣是第一,因為做任何事都需要好的運氣。

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