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CHINA TO THE MOON 🌝

I am afraid we can't confirm it's a bull market. It's emotions - FOMO. News of government stimulus package turn the sentiment from negative to positive. Even without much institutional involvement, the huge retail investors push the market up. Most of those who lost a lot over the past years, exited. Look at 30 Oct trade day, it open high, drop before lunch and turn higher again after lunch.

U guys lacks visions and harp only on the obvious. I don;t understand why I wasted my time on you guys.

Thought China uninvestable? Thought it's always DCA DCA DCA U.S.? Where's Kelvin? HAHAHAHA

MCHI china ETF. Unrealised peofit of 27.5% as of now. Hold on short? I experienced the same dilemme few years back when holding KWEB,

This is definitely a pump. It will not end well. But there is still lots of room to run. Just pump it now and get out before peak!

tot china uninvestable ...lol

It's meant for the bag holders to go out at breakeven, bull trap confirmed

All FOMO already. China government ready to割韭菜.

u must be invested in the market, 2 huge economy US n China, u cannot be not invested in any of them. Invest for the long run, dont trade.

Chi Keng is back from the Moon finally ... ...

The stock market is irrational at times. China stock market can be driven by sentiments more than fundamental. The FOMO is real.

They are putting a floor, not a cap .

Every bull mkt is different 😅😅😅

Latest Stock Rally in China is a Dangerous Trap!!! It’s speculation in play not investment!!!

Many ppl pin u duo duo 😂

just remember to pull out when it's about to be done.

Eric is so wise about managing position sizes and making money while the sun shines, until he's bought in that is then even he knows he gets irrational LOL

Great discussion. I share many of the sentiments. It is a leap of faith to stay vested...and I am in since 2020. Any thoughts on the hkex 2800?

Most of China's investors are Retail investors not Institutional ones. Therefore with the huge influx of common folks rushing to open trading accounts, this will create a massive catalyst up. Combined with the stimulus, this rally can in theory be sustained.

i love this podcast

Hope this time is different too. Bag holding too long liao

How you want to cut the cake and eat the cake, the choice is yours. Dividend investing is like cutting slowly and eat. Capital investment, you keep the cake and eat later. It's all about timing. I like dividend investing 🙋‍♀️

My reasoning is that when buying stocks you shouldn’t focus solely on the dividend yield but is to understand the fundamental of the company. If overvalue don’t buy, if undervalue and the fundamental sounds, then buy (regardless of dividend yield). But of course if the stock is undervalue + gives good dividend, double win.

Interview master leong the green dragon

Using the dividend received to buy more shares to get more dividend. Isn’t that like compounding the dividends? Assuming share price stays fairly constant.

Second agreement with Eric. Technically, 30% YOC shouldn't be something to cheer too much about, but whatever helps you sleep well at night with your investments and stick to your investing philosophy is why thinking like that might be okay.

I 100% agree with Eric's comment that dividends are an "advertising cost." I know an investor, he's not even an old retiree, when META wasn't paying a dividend he's not interested and as soon as they recently initiated a dividend he bought in because he's a dividend growth investor.

Thanks for explaining about DBS's quarterly dividends for "marketing" to the right group of investors and for stabilizing the share price. Its a good perspective on management's intentions w dividends

Only losers deny losing monies

Master leong

Interesting discussion. I understand why people like dividend stocks even though I am personally not really into them. The money has to come from somewhere and there is always a trade-off. Companies that are paying dividends are just taking profits, that could otherwise be used to grow the company, to pay out to shareholders. So in a way, it is a sign that the company no longer prioritizes growth. In addition, I am not sure how costly the admin/operations overheads are for distributing dividends, but I am sure there is a cost to it (legal & admin fees etc). Also, I would rather the company executives discuss how to grow the company than to discuss how much to payout each quarter. lol... Tbh, I didn't watch Kelvin's video but I think what he meant is that dividend is irrelevant to stock price in the short-term, since price typically appreciate prior to dividend payout and then drops after the payout. In this regard, I think paying dividends is a good mechanism for non-growth companies to give back to their shareholders. Whether dividend affects price in the long-term probably needs deeper research (e.g. whether paying dividend brings more demand and attention to the company).

Thanks for the discussion guys. Few personal opinions and preferences (no right or wrong:): 1) I don’t quite like the idea of drawing down a couple of percentage from my equities to fund my retirement. Because by doing so, by and large, it actually reduces my ownership of the underlying company. Unless, the company does share buy backs more than the percentage that I draw down every year. On the filo side, if the company keeps issuing new shares every year and coupled with me drawing down, then it will be super dilutive. 2) we should always look at the company holistically, rather than just investing based on certain metrics/criteria in isolation. That’s why I never invest just for dividends or purely for high growth. If company can continuing growing and good fundamentals, and if market presents a buying opportunity for me (becomes undervalue), then I buy. 3) if point 2 is fulfilled, and I get regular dividends, I wouldn’t mind. Upon receipt of dividend, I can decide whether to reinvest back into the company (fundamentals still remain sound and/or undervalue) or reinvest the dividends into better investment vehicles. 4) if I sell an equity, it will always be either I need the money, or there are better opportunities elsewhere, or for risk management when market becomes exuberant. Drawing down certain percentage on a regular autopilot basis is a big no for me.

The main advantage of dividends is you dont have to sell during a financial downturn. Imagine being retired and drawing down on a growth portfolio that is 30% down. The sensible strategy is to buy growth during the accumulation phase of your life and switch to dividend in the drawdown phase.

Dividend is for those wants the passive income and retirees, they don’t need to sell the stocks to have money. But for those people still working still have monthly income they want bigger returns. They might look at those grow stocks with no dividends. There is no correct or wrong. It depends on the people itself.

There is a place for all types of investing, including div investing, as long as it suits your personality and risk profile. What didn't work for you does not mean it will not work for others. I always felt you guys were different from other influencers because you were more careful on what you say. Pls keep it tat way.

Buy dividend stock when you are older. Younger more risk appetite buy growth stock. Pay out dividend how to reinvest for growth. For company dividend should be the very last thing they consider.

This joker Kelvin is not qualified to post financial views and hide behind disclaimer that this is not investment advice. Its time for MAS to clamp down hard on these youtubers who are hiding behind “this only my opinion and doesnt constitute financial advice 🖕🏻 “

I think the problem is people misunderstanding what kelvin meant. To many of them "Dividend is Irrelevant" meant that dividend is useless/ a bad investment. And if this is presented to someone who heavily invested into dividend stocks, it will definitely trigger them a lot more because they put a lot of their net worth into it. But kelvin's point is that dividend paying assets are not that different from non paying growth stocks. 1 takes a cut from their profit to pay investor, while the other maximize their growth bumping up the share price.

Good companies should growth its dividend paid out over the years. That is what I term perpetual growth dividend raisers. At cost the yield increases. On the other hand dividend on market value will determine the actual yield to the share price. 2 reasons dividend yield fall. 1. Share price over run its value. 2. Reduces in dividend pay out. Dividend guide me to make my decision to buy or sell. It also increases our war chess or reduce our war chess. Companies Cashflow is very important. Good companies usually have dividend payout policy. For banks about 50%. Dividend is one of a good guide for my investment journey. In the past I had bought banks but not for long. Banks yield are low and the share price tends to track business cycle. During last pandemic I bought into DBS, dividend yield 6.5% to over 7% when most businesses were badly hit. I sold 1/2 of my DBS shares at about $33 dividend yield fall below 4.5%. Fast forward beginning of this year DBS Fy 2023 profits increased and declared bonus 1 for 10 with same dividend payout that mean 7.5% yield. I bought into DBS aggressively DBS latest trading at $38 yield 5.6% am I selling. Not do soon! If those focus on price many has sold out prematurely. Just imagine DBS after paying still had about $5 billions to growth its business. REIT dividend payout 90% and businesses depend loans are risky.

Is Kelvin's point not to fall into high dividend yield trap?

dividend investing is irrelevant if you only have $10, its relevant when you have $10 million.

Dun worry kelvin. Your concept of dividend is correct academically. It’s just that pp are trying to use their own contextual situations and understanding to refute you.

It is misleading because Kelvin's argument is not framed properly as to what he he is trying to say. From all the responses we can see many reasons why some investores may focus on dividends only as Eric righrfully puts it. Agree, There is nothing wrong here. There is really no need to make it more than it really is. The only point Kelvin is trying to make is that dividend policy of the company is not important in evaluating what is the fair value of the stock price or future growth price.

Eric, your DBS is free. You can hold onto it forever. Can pass to your children for legacy.

Be it that there is dividend or not it doesn't matters alot. Most important is that the business is doing well and continues to generate higher income. Also to comment on AK freehold stocks or someone having 30% yield is just ownself say then ownself happy only. Staying invested over a long time is what that matters the most.

one advantage of having dividends is you can have money to invest in another company which you think is currently undervalued without putting money in your brokerage account. so you can average down on those stocks, or buy new undervalued stock not currently in your portfolio

One point of dividend is for business owners to pay themselves, they take a low salary so the company has a high nett profit but declares high dividends since they are the majority of shareholders, thereby "cashing out" of the profits and this is tax free so also a way to be taxed lower on their own income. from this perspective, those who loan to pay dividends are somewhat a moral hazard and a negative signal, whereby those who give dividends on a low payout ratio from earnings definitely want their business to be sustainable and be a golden chicken that lays eggs forever thereby giving confidence as well in the company's longevity. Similar to how individuals allocate our salary for investing/saving/spending. I think dividend is just how business allocate its earnings to self reinvestment/distribution for spending(dividend)/saving. Does not mean reinvesting everything is good, neither is reinvesting nothing at all bad, a balance is preferable.

You want dividends, don’t get from REITs, get from quality companies like local banks. REITs give you dividends but take from NAV, then not enough also do rights issue. Local banks no such nonsense.

I view dividend / shares buyback as a way of unlocking the intrinsic value of a company especially when a company is severely undervalued. Sometimes a company can be slow growing / flat in earnings due to macroeconomic but cash rich at more than 50% or even 70% of the market cap yet the share price keeps going down. **looks at Chinese stocks**