dengan prosentase sedikit demi sedikit juga
diversifikasi maksimum 12 saham itu juga alternatif yg
menguntungkan...
cheers
iful
--- Cubit Aja <[EMAIL PROTECTED]> wrote:
>
> Peter S. Lynch's Fundamental's of Investing
> 1.) Know What You Own - Most people don't really
> know the reasons why they own a stock - you should.
> Ed's Note: Similar to Ben Graham and Warren Buffet's
> Businesslike Investing in your Circle of Competence
>
> 2.) It is Futile to Predict the Economy, Interest
> Rates and the Stock Market(So Don't Waste Time
> Trying) - "If You Spend 13 minutes per year trying
> to predict the economy, you have wasted 10 minutes"
> Focus on the "facts" now at hand rather than
> predictions about the future
>
> 3.) You Have Plenty of Time - to identify and
> recognize exceptional companies. If you bought
> WalMart AFTER it rose 10x in its first 10 years, you
> got another 60x return over the next 30 years.
> Bottom line: Don't be in a rush - look at plenty of
> stocks, but be patient. Note: Buffett's "Wait for
> the Perfect Pitch"
>
> 4.) Avoid Long Shots - his record was ZERO out of 25
> investing in companies with no revenues but a
> "bright future" to sell. His advice if you run
> across a company that falls into this category but
> still excites you - do nothing and write down the
> name. Look at it again in 6 to 12 months and see if
> you still think it is good. If it is one of the good
> ones and went from 5 to 15 while you waited, per
> point #3 above, you probably still have plenty of
> time. Note: Following this rule could keep you out
> of trouble. Benjamin Graham and Warren Buffett
> talked about avoiding Speculations and focusing on
> Investments instead
>
> 5.) Good Management is Very Important and Buy Great
> Businesses - good management is very important -
> maybe even the most important consideration. It may
> also be the most difficult item on this list to get
> right. His advice: look for good companies because a
> good management in a bad business will probably
> fail. "Buy a business any fool can manage because
> eventually one will" Buffett has also observed that
> when a good management meets a bad business, it is
> the reputation of the business that generally
> prevails.
>
> 6.) Be Flexible - lots of unexpected things happen,
> some good and some bad. Many of his best nvestments
> happened for the "wrong" reasons, i.e. his original
> thesis was off, but the investment still worked out.
> Sometimes he was absolutely right about the growth
> but the investment was still lousy and he did not
> make any money. So be flexible and humble
>
> 7.) Knowing When to Sell is Hard - before you make a
> purchase, you should be able to explain why you are
> buying/own it in terms that an 11 year old could
> understand - three sentences at most. Remember this
> reason and sell the holding when the reason no
> longer continues to hold. Investing well does not
> take a genius - only need 5th grade math - so math
> has nothing to do with being a great investor
>
> 8.) There is Always Something to Worry About - and
> this makes things interesting. The 1950s were one of
> the best decades to own stocks, but from a
> geopolitical basis everyone was scared of nuclear
> war. In the early 1990s, everyone was scared about
> the Japanese taking over the world and beating
> America. Not coincidentally, more all-time worst
> market days occur on Mondays because people have the
> whole weekend to WORRY. His advice is to forget
> about all the global bad stuff because the key to
> good investing is not the brain/intellect, its
> having the stomach.
>
> In addition to the above points, Peter also shared
> his Ten Most Dangerous Things People Say About Stock
> Prices reproduced below. Even more than the points
> above, Peter's good sense of humor came through when
> he discussed these old saws:
>
> 1.) "If it's gone down this much already, how much
> lower can it go?" (answer: Zero)
>
> 2.) "If it's gone this high already, how can it
> possibly go higher?" (some of the best companies
> grow for decades)
>
> 3.) "Eventually they always come back." (no they
> don't - there are lots of counterexamples)
>
> 4.) "It's only $3 a share, what can I lose?" ($3 for
> every share you buy)
>
> 5.) "It's always darkest before the dawn." (Its also
> always darkest before it goes absolutely pitch
> black. Don't buy a business just because price
> dropped and it is cheaper now)
>
> 6.) "When it rebounds to my cost, I'll sell." (The
> stock does not know you own it! Don't take it so
> personally Note: this comment is explained by the
> well documented psychological tendencies called loss
> aversion and anchoring bias which are talked about
> in Behavioral Finance. If you liked it at ten, you
> should love it at 6 so either buy more or sell)
>
> 7.) "What me worry? Conservative stocks don't
> fluctuate much." (There is no such thing as a
> conservative stock - the average stock fluctuates
> between 50% to 70% from its high to its low price
> every year. There is a graveyard where all the
> "conservative" stocks get buried. Companies and
> businesses change!)
>
> 8.) "Look at all the money I lost - I didn't buy
> it!" (Don't beat yourself up about the missed
> opportunities because it is not productive - when he
> managed the Magellan Fund, he almost never owned one
> of the 10 best performing stocks in a given year,
> but he did fine anyway).
>
> 9.) "I missed that one. I'll catch the next one."
> (Doesn't work that way)
>
> 10.) "The stock has gone up - so I must be right" or
> "The stock has done down - so I must be wrong."
> (Technical analysis is not worth much. So many
> people like something at 20 and hate it at 12 -
> never made much sense to him).
>
> Peter's fundamentals, like those of many other super
> investors are grounded in common sense and an
> understanding of human misjudgments and failings. At
> the Ridgewood Group, we draw inspiration from
> outstanding investors like Peter who remind us that
> in investing our greatest challenges are often
> internal and psychological.
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