저자: 미상 · 외국인
요약 보기
버핏식 매도 판단 기준을 설명. 매도 이유는 더 나은 투자 기회 발견, 기업 경쟁우위 약화, 특정 종목 비중 과다 등. 맥도날드와 디즈니 사례로 경쟁우위 변화를 예로 듦. 종목 집중을 피하기 위해 분산투자와 정기적 리밸런싱(예: 주식 60%/채권 40% 배분, 기술주 비중 축소) 필요성 강조. 예측 발언은 없고 투자 원칙 설명 위주.
다듬은 글
Normally, my grandfather said that the Fed might look for... The return is around 20% per year. Many people know that my grandfather is an idol, and... As a model of value investing, or a value investor, you might think, "Hmm, if I'm a value investor like this, I focus on long-term investing." This might mean buying stocks and holding them for the long term without selling.
Is that right? The answer is no, it's my grandfather. I myself have both stocks that I hold for the long term without... I do sell some shares, but I also own quite a few stocks. My grandfather bought it and held onto it for a while, and then he acquired something... The change led to a decision to sell, but the question is...
Many people are wondering, what did Grandpa sell? Okay, let's go through this in order today. When my grandfather sold his shares, what were his reasons? First of all, when Grandpa Fed comes in... He decided to sell the shares because he found out... It's a better investment opportunity, usually if...
We only have one lump sum of money left, you know. When we want to invest in something, we use a lump sum of money. In that regard, when allocating investments, my grandfather would... It's similar for me. One day, he invested in a stock called Commonwealth, and he's been investing for a while. It continued continuously until the price...
It went up to $80 USD per... It was about shares, and then my grandfather found them. He thought there might be a better investment opportunity than Commonwealth, so he decided to sell his shares. It came out, but I didn't sell everything; I'm still holding onto some. Hold onto some of the shares, and that's important.
He believes the stocks he's investing in have potential. The opportunity outweighs the growth potential of the college stock. I decided to sell a portion and invest in stocks I own. That's the main point: there are more opportunities for growth. If we want to adapt this approach, how should we do it?
However, the answer is we need to look at the face. Scoop or take the money from your wallet or portfolio. How much do we have? If we had unlimited time... We see opportunities that are greater than what we might otherwise gain with money. A new investment in new stocks with potential. More is also possible, but conversely, if we have...
I have a limited amount of money, only 100, and it happens to be in my existing portfolio. There are some stocks that we see as having growth potential. They still exist, but they might grow less than other stocks. When we see something new, we might decide to sell it. They already bought some of the original shares and used the money...
That means going to buy shares in a new company that has potential. Receiving a higher return is also an option. Let's take an example: if we have 100 and that portfolio contains 10 stocks, and each... This one holds 10 parts. Now, if we... I realized, hey, there's a tenth stock that has the potential to grow, and it might not just be 5%, 10%, or 20% per year; it could grow even more.
We might decide to sell some of our shares. Do we consider that price to be fully valued? Or, if you already have a lot of profit in your portfolio, you can sell it off. Then you can also allocate a portion to invest in the 11th stock. Try this method. This is your grandpa Wet's, you can try it out, but we...
We need to make sure that the stocks we're about to invest in are the right ones. The shares we are about to buy. This stock has better potential than the previous one. Yes, there really is enough. Reason number 2 is when Grandpa... Fat and Chaw have decided to sell their shares. It stems from certain fundamental factors.
Things have changed, haven't they? Like, Grandpa Fat... He will talk about assessing personality traits. The economy and business are constantly changing, and so is... What we're probably all doing right now. All the time, normally when we buy individual stocks. When we're going to invest in a business, what do we look at?
It means looking at whether that business has a competitive advantage. Is it comparative or does it have the potential to...? Whether it's a long-term competition or not, anyway... That's true for every business as time goes by. Growth, competitiveness, and advantage. Even in the business world, things might not be the same anymore.
Similarly, especially in today's world... We see that there are many different technologies that can do this. For some businesses to become winners, the takeaway is that leaders are the ones who... You can eat anything and win! Continuously, but conversely, who... Unchanged or changing slowly from...
Even former leaders may eventually... They can also become followers and get relegated. Similarly, today we need to ask questions. I'm wondering if we still have the stocks in our portfolio. Is there still a competitive advantage? Is there potential for growth, and then there's him? The business itself can still generate profits and achieve growth.
How much is it back to how it used to be? For example, if we give an example, there are many companies... It's a complete company, if we want to go into forefocus. Some businesses, like company A, might have had a very promising future. A business that many people hadn't thought of before. Ultimately, he is able to grow.
He's been outstanding over the past 5 or 10 years, but then again, his business model might not be... Yes, nobody can do it. Simply put, anyone can. It's not difficult to follow, but it might attract competitors. There are so many now, the question is, when will the competitors... What follows has potential.
Is it possible to beat companies that have been in the same market, like company A? If so... Competitors come with lower costs than their counterparts. The competitor arrived with superior performance. Competition comes with opportunities for profit, or not? Having more machi might enhance its charm or...
The attractiveness of business model a can also be diminished if... That's right, the important thing is that we need to... Changing stocks in order to make a profit and then finding... This will contribute to the growth of our investment portfolio. For example, Warren Buffett himself once mentioned two companies that, if you went back in time...
You have to admit, it's a standout company. It stands out significantly in terms of both growth and competition. Well, it's about comparative advantage, you know? That's McDonald's versus Disney. My grandfather used to say that if we were to... Selling shares or selling any company from your portfolio.
This is because he himself didn't decide to continue. No, it's not that he's a bad person, and it's not that he... The competition is over, but on the contrary... They also have a bright future, just like McDonald's and Disney, but unfortunately... Their competitive advantage is... It has declined and become less strong compared to...
In the initial stages of investing, if that's the case... They can decide to sell it, that is. That's when business changes and there's increased competition. Things have changed, or even the matter of Genry... Coming in here might affect some companies that used to... A winner becomes no longer a winner.
That's also possible, if that's the case. Then we saw that there were some businesses that might... It might be better to sell the portion that has potential for growth. Limited options like McDonald's or even Disney, which Grandpa Fondue sold, are also possible. It's the same with part 3. The reason why Grandpa Buffett sold his shares was because...
That means if you have a large proportion of your investment in that stock... That's too much, for example, when we hear it. When it comes to investing, everyone says not to invest. Grandpa Wfek put all the eggs in the same basket. I would say the same thing, because if... If that basket falls, all the eggs will break.
And then it would make it impossible for us to have eggs. You can harvest and eat it right away. Conversely, if we... Spread our eggs across several baskets. This means we have diversified our investments across... A diverse range of business types across various assets. Which would give us the opportunity to...
Achieve victory on a day when some businesses are struggling. Defeat is possible too, you know. What happened was that we had to monitor the power consumption of... We think we own a significant proportion of each stock. How much is too much? For example, if we have 1 million baht or 100,000 baht, but 50% of that is invested in just one stock.
That's all it takes, whether it's 50,000 baht, a 100,000 baht portfolio, or a 500,000 baht or 1 million baht portfolio, to invest in a single stock. That might be too risky. Because the weight in our portfolio will go there. They are concentrated in that one stock, so if... An unexpected event occurred, and the business did not go as planned.
Traditionally, for example, let's say it's a stock in the healthcare sector or a stock in another sector... If the tourism business happens to encounter a situation like the COVID-19 pandemic did in the past, it has to accept that a 50% chance of the portfolio collapsing. That's fine too. The important thing is us.
You should diversify your investment portfolio at some point. Planning and portfolio management is essentially about following RE balancing. For example, if we... It has been assessed that the risk is at a dividend level. Our mid-range budget allows us to invest approximately 60% in stocks and 40% in bonds.
And that 60% in stocks, we could further subdivide it into other investments. In various industry sectors, such as the healthcare sector, or... Some are in the technology sector, while others are in investments. Now, let's look at global stocks. If we divide it up, saying that within that 60% is 20, 20, 20, and then there happens to be a change, such as in a particular stock group...
Technology has grown remarkably, as demonstrated by the recent Magnificent 7. Our portfolio, which is 100%, has a certain percentage... The technology stock portion has swelled to 25 or 30%. If we rebalance P, which means adjusting the portfolio allocation, we would... It is necessary to adjust the proportion of shares.
Technology stocks were reduced to just 20% through profit-taking in sectors with inflated proportions. It came up from our initial starting point, out there. Okay, then add it to the assets that may be available. There will be a scaled-down version, like this emblem. This is an example; if we can do that, then...
There will be no single stock or group of stocks. One group was too concentrated, and we... This will allow us to diversify our investments according to the proportions. We can accept the risks and volatility. Let's work together to make investing a new generation [ investor].
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