Inderes Coffee Room (Part 4)

[Juippi]

@Pavel

In my opinion, it would be quite fun to make a table of the relationships between each thread’s opening and current prices.

A constantly updated graph in the opening post where the starting point is the beginning of the thread. Investors understandably like rising stock prices.

I started my Macy’s thread at this point:

The discussion was good at first, but skeptical. The stock also crashed -50% after the start and remained at a very low level for a long time (whatever the price, it can always crash -50%). Perhaps the sentiment is such that companies with rising stock prices are considered good precisely because the price has risen, and if the price collapses, pessimistic narratives are created. For me, success in stock investing is success in predicting fundamentals, i.e., how the company’s financial position and earnings develop after the time of purchase. Macy’s is now trading at P/E 5.18, and a growth in the valuation multiple to around P/E ten would double the price, but you can’t influence the markets.

[viljo]

Yes, Pohjolan eka (Eka from the North) has had some commendable discussions and will surely spark thoughts among fellow investors, even if they might sting a bit for some in this situation… I’m waiting for the time when Eka is generally bullish

I like Pohjolan Eka.

I regret not selling more in 2021. I regret being accustomed to somewhat high valuations and pouring money into slightly foolish targets too early.
I regret that even though I had a feeling everything would go down and quality companies would fall to an interesting level, I didn’t reduce “risk” positions whose relative attractiveness was declining…
I regret that in my complacency, I didn’t use my normal stop strategy when I had become wealthy enough and had a large cash pile…
I regret closing my SP500 Short without taking a new one.
I regret not having more cash left.

This is investing; I’ve been ignoring my inner voice (though I’ve succeeded in it partly before).

How much do I regret it? Well, somewhat.

At the same time, everything is getting cheaper, and I still have a reasonable amount of cash. The value of my investments has decreased, but a little while ago, I was sure they would withstand a bit of a decline and recover, etc. Well. Should I then systematically hold that opinion (it’s constantly dubious to make such principle decisions (they’ve been bad))?

Still: I have cash to buy at the bottom (once I figure out when that is), the strategy adjusted so that cash will provide sufficient dividend cash flows (my goal) even if Voxtur and Orocoto go to hell…

I regret the 2021 taxes (but mathematically, it was worth selling the Qt Group shares)…

This is how it is, when do we get back to the wonderful, endless upward trend? Please.

Why am I not in those tankers now? Why am I not in Panoro Energy now?

Good luck, everyone!

Ps. Many of my stocks have risen anyway (even if they are a bunch of growth companies that are conquering the world), so the destruction isn’t complete.

Pss. I have also disagreed with Eka sometimes and been right, but also agreed and been right, and agreed and been wrong

[Pohjolan_Eka]

Investing is indeed a long-term endeavor at its best, and it’s good that some of the more patient investors can look further into the future instead of just at quarterly reports

https://twitter.com/TrungTPhan/status/1522285385992220672?s=20&t=TQePYoA14a08J79UdsacMw

[viljo]

Have I been following the Ukraine crisis a lot: yes
Has it worsened company-specific monitoring: yes

Should I spend less time on the Ukraine crisis and get proper sleep: Yes!

[OldFeki]

In this case, we were on such good terms with the bear. Tongues and all sorts of other things… until something funny happened.

---

“pain in the ass” →

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Attacking bears are always eventually put down, and the pain in the ass subsides – and we follow Masse’s teachings: buy low, sell high. Simple.

EDIT. I received information that someone didn’t like an anonymous forum user sharing a lighthearted post that quoted news articles from YLE, which is maintained with public tax money.

So, the source of the above stories is the Finnish Broadcasting Company (Yleisradio). Found them with a DuckDuckGo search. And the flagger can get a life.

[Musta_leijona]

Is it? I haven’t listened to a money podcast in a while, but in January-February, Zombie-Exxon was still part of their stories.

[Sijoittaja-alokas]

@ciscou

Very similar thoughts, I also switched from the gym to the world of investing!
Of course, I still go to the gym, but it’s not as strict! Now that there’s been a bit of a losing streak, I’ve been going to the gym more and letting the stock market be. We’ll see how it went in 20 years! It’s not a big deal since what’s tied up here doesn’t really affect normal living in any way! You have to have passions in life, whatever they may be for each person!

@ciscou, you’ve stuck in my mind for your can-do attitude and not making unnecessary excuses. At least for me, you’ve given a certain extra motivation to get things done.

A hard gym workout brings a good feeling and at least temporarily clears the mind of stress.

I’ll highlight a few things that have stuck in my mind about you:

@ciscou

on disability pension at 43, net 1700 euros, 3 years as an investor, with strict saving, 1000-800 euros into stocks/month
portfolio 30000 this is the best thing that has happened to me, but knock on wood

From my quotes and screenshots, it’s clear that you do this investing thing with passion and trying your hardest. You’ve probably been one of those guys at the gym who gave their all and didn’t make excuses. I, myself, sometimes make unnecessary excuses.

Inderes and @Verneri_Pulkkinen are pleased with guys like you, who have a reading time of 3 months and 338k read messages. The Forum has probably given you a lot, and I assume you are also a passionate user of Inderes Premium?

There are all kinds of investors and investor stories, but investors like you certainly stick in my mind the best and give a certain positive optimism to my own endeavors.

[samamies]

In an episode very recently, this was retracted. Perhaps even the latest one.

[ciscou]

Well, well, well, that’s pretty much true. Of course, I read a lot of these things, but internalizing them is challenging; just reading isn’t always enough. Things were quite bad for me personally at one point, but exercise, the gym, and finally this Forum, with a lot of hard work, got things back on track. So, this has a lot of meaning beyond just the portfolio size! Thanks for your words, let’s continue the “exercises”!

[VainFiilis]

[Jarnis]

Cramer’s list doesn’t look good. Six out of seven are down, and Tesla is also struggling a bit.

Maybe earnings do matter after all! The stock market still works.

[OldFeki]

Diversify, they say…

So I did and indeed found light in the darkness… or well, a glimmer of light. And then it’s still Friday.

Happy dance time!

Regards, “Happy Outsa owner”.

[jaahas]

Pakkausteollisuudella ennennäkemätön materiaalipula – pilviin nousseet hinnat...

[VainFiilis]

ＴＨＥ ＭＡＲＫＥＴ ＤＯＧ

[Sijoittaja-alokas]

I changed the look of Inderes’s Content Letter to better suit me and investors like me.

P.S. This new Content Letter seems like a great idea.

[Letkajenkka]

Koska kahvihuone:
Tietoevry: It really is as shitty as a stock as it is a company I’ve had dealings with.
Unfortunately, it’s also a prisoner of its reputation. When the company performs mediocrely, its valuation is dragged down because growth is not expected to happen. When a super-trendy IT company performs equally mediocrely, but growth is expected to come at some point, the valuation is slapped up by a corresponding amount. It’s all about where the company is believed to be headed in the future. There is no news that would change this reputation. Only changing Tietoevry’s name would help.

Secondly:
Chinese company valuation changes: Truly something to follow… “Bloomberg speculates that perhaps regulations with US auditors are going better than expected!” +30% / day.

A man resembling Jack Ma seen pinching yesterday’s cinnamon bun at Kerava’s Shell station. -30% / day.

US regulators add the company’s PingPing Ice Cream Bar Ltd. ADR shares to the already known long list of companies that will be delisted in 3 years if US auditors don’t get transparency. -30% / day.

And these fluctuations apply immediately to all Chinese companies, regardless of sector. And to companies that still make massive amounts of money.

I argue: Someone is making a lot of money at someone else’s expense here, again.

[vanha_Qfwfq]

@Tokarczuk

Yes, traders play a zero-sum game against each other.

Not necessarily, right? I am a longer-term investor, so I have noticed that when I buy or sell, the intraday timing isn’t always perfect (read: it goes completely wrong).
If a trader manages to get in between two such clumsy investors, they might even earn their living expenses.

However, I don’t think our volume is enough to support very many traders, is it?

[katuviisas]

The best way to destroy capital is to constantly buy into a company whose business is heading south. I’d rather wait for an addition to Harvia

[katuviisas]

Business, operational delivery. Just trudging from one disappointment to another with this one.

[Gazza]

I’m sure the model portfolio can find a bunch of better companies than TietoEvry at the moment. I mean, companies with growing businesses and an unjustifiably low stock price. Harvia is a good example of a company that is now on sale, with a recently updated target price of €42.