It is 1 am in the morning, here I am, thinking what equities counter to buy. Have the rules change after Pakatan Harapan toppled BN in the last election?
I have no idea to be honest, I’m thinking of averaging down on Ekovest because I refuse to believe that the government will remove toll because it simply doesn’t make any economic sense. But I have no idea if Ekovest, moving forward, will secure any future work as they used to be quite close to the previous administration (then again, they didn’t get along in the whole Bandar Malaysia saga). If I ever invest more in Ekovest, it will be a gamble. I’m also thinking about buying Tong Herr, it seems to be a solid company with good track record. I’ll have to think about it.
I should adhere to my investing rules: always stick to at least 10% FCF/Enterprise Value. If I feel that the FCF will continue to grow or remain steady in the next few years. Go ahead and buy the counter. When to sell? If the fundamentals of the company has changed, I should not hesitate and immediately sell the shares. How do I know its 100% fully valued? Probably when the FCF/Enterprise Value is at fixed deposit rates. These should be my rules.
I should get back to my roots, the spirit of reading anything and everything and actually put in the effort to analyse companies. Spend more time thinking about business, think like a business owner. At the same time, think about new businesses that I can actually pursue in my life.
My returns are underwhelming and I want to improve my investment returns moving forward.
