The Retail Fund Manager PH
patreon
June 2023 Q&A Discussion
🕑 Added 2023-07-03 02:11:32 +0000 UTCAsk anything and I will try to answer! Let me know If you want me to add your question to my Rational Reminder Series In youtube to have a broader discussion.
Comments
TheCheap Gamer
Wala pa po
Jonar
Hello sir... any plans to diversify your portfolio sa international market aside from PH stocks?
Erly
I can't seem to find po yung Discounted Cash Flow na discussion niyo po sa YouTube. Is it alright to have the link po? Medyo d ko pa po gets, nag iisip pa po ako how the fair value increases if the growth wouldn't increase that much. Baka aside from growth, may iba pang sinasali sa DCF model. . . Maybe you include whether the market's currently a bull or bear one? Or do you adjust the discount rate depending on what market we're at? Or do you include judgment na po ba by then na sasabihin niyo that for a certain stock "ay d na ako sasabay sa bull market, over appreciated na, so sell na to"?
TheCheap Gamer
Pero I doubt na lahat ng stock aangat. There will always be opportunities out there.
TheCheap Gamer
If wala akong makitang opportunities, then ill just ride the bull market. Bull market means companies will trade at higher multiples which means tumataas fair value ko sa kanila even if hindi ganun kalaki growth nila.
Erly
Another question po hehe. I remembered you said that once a stock reaches your fair value, you will sell it. For example po, hypothetically speaking, once it's bull market again and all of your stocks are at their fair value, would you sell them all? Would you then waive your earnings in dividends? Would you invest that cash someplace else so it still earns outside of the stock market? Thank you. P.S. not sure if this is better for a Rational Reminder discussion, kayo na po bahala HAHAHA.
TheCheap Gamer
But its not my top priority in my watchlist. Its cyclical and I maybe late from the cycle. And I am also not very optimistic with Gold miners. I don't know how they are being used except as a shining display or ornaments.
Erly
Hello po! I think in one of your videos, you said you will accumulate APX as soon as they declare dividends. They declared last Aug 24 2022 and May 10 2023. Any reason po why that wasn't pushed through? Thank you.
TheCheap Gamer
I buy as long as below my fair values or bargain price. About MWIDE acquisition of PH1, I don't know since PH1 is not a public company. Not sure whether that is a good asset.
Omar Ilagan
Sa NIKL youll buy at the dip? And also ano tingin mo effect s MWIDE stock price with its puchase of PH1?
TheCheap Gamer
my land is just a small position. Its a decent small cap company. I will add more if its still attractive for the next few quarters but not my top priority stock.
TheCheap Gamer
Yes and they also decreased dividends so i booked some profits since I have positions at low price. Will buy back again at some point.
Omar Ilagan
Yan din ba dahilan bakit naka hold sya sau? One more question, why accumulating stocks of LAND?
TheCheap Gamer
ATI is a local port services player, Manila and Batangas. ICT is international.
peacemaker25
How would you compare and contrast ICT & ATI
Jep Piscos
Hi sir, How to generate YTD performance in col account? Di ko kasi ma track compared sa benchmark ng PSEI. Thank you
TheCheap Gamer
Snap Shot lang kasi ng current investment mo yang Profit and Loss ng statement mo. Hindi mo makikita diyan yung mga dividend gains at booked capital gains mo in the past.
Judahbenj
Hello, Paano sir ulit iinterpret ang COL Port Performace? sana gawin mo content. kasi positive ako pero negative naman port hehe naguguluhan ako. thanks
TheCheap Gamer
Not sure, I am also curious if its working. Some claims it only worked for some periods in the past. I think Gotham Capital don't even use that formula lol.
TheCheap Gamer
Most of my regrets happened during my early days when I still don't understand valuation. I remember buying LR, WPI,ACE,MRSGI, MAX, etc (many more which I forgot) at high price levels and they all end up massive LOSERS that I eventually sold.
stephen.bayhon
What are your thoughts on Joel Greenblatt's magic formula?
Noty
What stocks did you regret buying and why?
TheCheap Gamer
My quarterly valuations are based on quarterly growth rates. NIKL has negative quarterly growth ending 2Q2023. If mag positive ulit quarterly growth nila, then magrerecover Yung previous fair valuation ko sa kanila.
Omar Ilagan
Hello why P2.73 qtrly valuation for NIKL as of ur latest report?
TheCheap Gamer
Yes. But its experimental hahaha.
stephen.bayhon
Do you have a quantitative rule/ way by which you tell yourself how to allocate a stock? Let's say, arrange them according to potential upside divided by enterprise value and arrange them and get the top X number and prioritize those? Sorry for getting deep in your investing process, just trying to pick your brain.
stephen.bayhon
I see, thank you po. Appreciate your answers, it's helping me learn much po. I've been waiting for these Q&A sessions ever since I joined
TheCheap Gamer
I use several criteria to allocate stocks. ATI has growing dividends, decent fundamentals, but the potential upside is not the high compared to other stocks in my portfolio.
stephen.bayhon
I understand, and thank you. Pero para po dito sa specific example, like ATI, I'm assuming baka po dahil nag depreciate stock price while nag add kayo ng position sa iba kaya bumaba, pero if it's all green, why arent you buying more of it right now?
TheCheap Gamer
I have target allocations or budget for every stock. ATI already exceeded my target allocation. If the company becomes more attractive moving forward, then that allocation will increase.
TheCheap Gamer
I don't have limit allocation for any sector. Except for REITS which usually around 20% of my portfolio.
TheCheap Gamer
I have companies in the past above 5%. Its just so happen that they are 4% last month and yeah I did some rebalancing. I can hold a stock lets say 20% of my portfolio for as long as its 20% because it appreciated in price so much. Lets say my initial position is 4-5% then the stock appreciated to 3x, then I can live with that. But putting a 20% allocation as a starting position for me is very risky for all retail investor.
stephen.bayhon
Some investors have a diversification rule of not having more than 20% in any single sector, and not more than 5% in single name/ stock. I noticed none of your names reach 4%. Is that not intentional and just happens because of your diversification effort? Or do you have a personal rule for your allocation? For example, in your video of the 10 best dividend stocks for 2023, you cited ATI as one of the names. But despite in the most recent report you have stating it as undervalued, your portfolio is listing it as "holding" instead of "accumulating". If it's undervalued, has a clean balance sheet and is growing in dividends, why aren't you accumulating more? I would like to understand your thoughts on this please. If it's because there are better opportunities, do you rank the top 16 or 20 and act on those? Thanks master! Inubos ko na po videos nyo hehe.
