Mooers' Stories Vol.2 - Doctorpot1
Hi, mooers. Welcome back to "Mooers' Stories", our new column to present mooers' insights and experiences. In Vol.1, we have posted JM Investor's investing story. Do you find any valuable information from his experience? This time we have invited Doctorpot to share his investing anecdote. Let's welcome today's storyteller @doctorpot1!
Notes: All the information comes from the interviewee and is published under the interviewee's consent.
Personal background
Personal background
When the market crashes, it is the best time to buy.
When did you start investing?
During Covid market crash hahaha. I studied finance before and know about trading and investing. One thing I know is that when the market crashes, it is the best time to buy. So when it crashed due to covid, I started creating my CDP accounts etc.
What kind of investor are you?
I am more of a long-term investor but also do short-term trading via options. Right now, I am working on strategies that provide income such as dividend stocks and options strategies.
How was your first investment?
My first experience was terrifying. Theoretically it was the best time to buy the dip, but when you have to use real money, hard-earned money, I got a lot of self-doubt. The reason why I suffered a loss back then was because I didn't do any research yet. The stock was OCBC Bank. I think the stock will never die one so wanted to buy when it was at $8. I chickened out at the end and bought others stocks, mainly REITS. I lose out on the gain, so that taught me a good lesson.
What's your investment preference?
I have bought a lot of REITS in the covid crash through iOCBC. On moomoo my focus was mainly on US stocks but now I have turned to China ADR because those have crashed dramatically. I like to buy things that crash.
What will you research before investing?
It depends on the company type. For REITs, I focus on dividends and past dividends and PB. For nonprofitable companies, I look at the revenue growth, how they can expand, and how they are cutting costs. For profitable companies, I look at the future direction of the company, the PE and the revenue growth rate, etc. For example, when I bought Sembcorp Marine, I looked at the backing (Singapore government won't let them die), they pivoting to green energy and merging with Keppel OM, and their revenue and profit did show they are turning the ship well. So I decided to buy it.
Why moomoo?
How did you choose moomoo?
I have known moomoo from ads and then done some research before using it, especially checking the license on the MAS website. For a platform, security is the most important as we are putting money in the hands of companies plus during covid there were too many scams. Besides, moomoo charges low fees and allows you to trade in other market and free stocks.
What's your favorite moomoo feature?
The order book, and the built in financial calculators like the EPS trend over time, PB over time, options pricing calculator.
What do you think of the moo community?
Most importantly is the people in the moo tab. Moo community has a lot of friendly members like 老uncle, divinepapa etc. One of my most memorable events I think is the moomoo jump game. It was so frustrating to keep dying, but very fun cause I always want to cross the barriers.When did you start investing?
During Covid market crash hahaha. I studied finance before and know about trading and investing. One thing I know is that when the market crashes, it is the best time to buy. So when it crashed due to covid, I started creating my CDP accounts etc.
What kind of investor are you?
I am more of a long-term investor but also do short-term trading via options. Right now, I am working on strategies that provide income such as dividend stocks and options strategies.
How was your first investment?
My first experience was terrifying. Theoretically it was the best time to buy the dip, but when you have to use real money, hard-earned money, I got a lot of self-doubt. The reason why I suffered a loss back then was because I didn't do any research yet. The stock was OCBC Bank. I think the stock will never die one so wanted to buy when it was at $8. I chickened out at the end and bought others stocks, mainly REITS. I lose out on the gain, so that taught me a good lesson.
What's your investment preference?
I have bought a lot of REITS in the covid crash through iOCBC. On moomoo my focus was mainly on US stocks but now I have turned to China ADR because those have crashed dramatically. I like to buy things that crash.
What will you research before investing?
It depends on the company type. For REITs, I focus on dividends and past dividends and PB. For nonprofitable companies, I look at the revenue growth, how they can expand, and how they are cutting costs. For profitable companies, I look at the future direction of the company, the PE and the revenue growth rate, etc. For example, when I bought Sembcorp Marine, I looked at the backing (Singapore government won't let them die), they pivoting to green energy and merging with Keppel OM, and their revenue and profit did show they are turning the ship well. So I decided to buy it.
Why moomoo?
How did you choose moomoo?
I have known moomoo from ads and then done some research before using it, especially checking the license on the MAS website. For a platform, security is the most important as we are putting money in the hands of companies plus during covid there were too many scams. Besides, moomoo charges low fees and allows you to trade in other market and free stocks.
What's your favorite moomoo feature?
The order book, and the built in financial calculators like the EPS trend over time, PB over time, options pricing calculator.
What do you think of the moo community?
Words for newcomers
"If you are reading this, congrats. You are probably the top 5% of people on Earth, who are on the right track toward financial freedom. However, that doesn’t mean you will end up in the right destination. If you take the right steps, you will reach the right destination, but a wrong move can lead you to a place that is worse. So how can you take the right steps? Knowledge.
Knowledge is the key to winning in the stock market, and in life generally. Luck definitely plays a huge role in winning but you can’t control your luck, you can only control your level of knowledge. So don’t be hasty in trying put your hard earn money on the line, just because someone you know made money in the market. Take your time to learn and fully understand investing, the company you are investing and all the risk before investing your hard earn money.
The stock market isn’t a magic pill that will make you rich instantly. You won’t give someone money to buy a magic pill without knowing how it works and why it works right? The stock market will always be around, so go and gain valuable knowledge first. Not just any knowledge but quality knowledge. Having the wrong knowledge is worse than having none at all. So learn from credible sources like from Moo Moo’s learn module. With the right knowledge you will more likely win instead of losing."
Interactive sessions
1. Make your choice
2. Start a meaningful discussion
Topic: What else do you want to know about doctorpot1's investing story? Comment below to let us know.
Bonus:
1. 30 points for mooers who raise helpful, reasonable, and doctorpot1-related questions
2. 70 points for doctorpot1's each reply to mooers' questions
Duration: Now – Aug. 31
(Rewards will be distributed within 5–10 working days after the activity ends.)
Notes: We encourage benign and in-depth interaction, from which all mooers can learn from each other, helping our community members be more courageous and not alone in the investing journey.
We're grateful to @doctorpot1 for sharing such an impressive story with us! If you want to share your own stories with us, comment below to let us know. We'll contact you soon!
Thanks for your time. See you next time!
Previous Episode
@JM Investor: Investing: 80% mindset, 10% stock and strategy, and 10% money management
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.
Tap for more details: https://www.moomoo.com/us/support/topic3_653
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Community Official Account
Always here for mooers!
25KFollowers
451Following
10KVisitors
Follow
doctorpot1 :
doctorpot1 : Thank you moo moo for the story highlight
Will do my best to answer every questions to the best of my ability 
Mooers LabOP doctorpot1:
Mario Timberlake : Hi, doctorpot. I'm a very beginner of investing, where should I start if i want to buy some stocks?
Tammyy : thanks for your sharing. do you think now is a good time to enter the market, like you said "market crashes" hahaha?
steady Pom pipi :
romancer : how much of my income do u think should i be investing? @doctorpot1
doctorpot1 Mario Timberlake: If you are new in investing, I think you should first understand how the economy works, how does the stock market work, and how to understand a business. Because all these 3 are interconnected and will affect the stock prices. e.g. bad economy cause price to fall but then why will economy be bad? how can we know when the economy is going to be bad? etc
Moo Moo have a good resources here to get you up to speed on getting started with stock in these links:
Ted talk: how the stock market works
https://youtu.be/p7HKvqRI_Bo
Investing Preps
https://live.moomoo.com/course/37113?source=share&nn_page_type=course_catalog&source=share&lang=en-us&data_ticket=5b3500b278c1b7aa4a176e85285988a1
Indicators To Assess A Business
https://live.moomoo.com/course/48640?source=share&nn_page_type=course_catalog&source=share&lang=en-us&data_ticket=5b3500b278c1b7aa4a176e85285988a1
Then to have a quick understanding of the economy I recommend these video:
Ray Dalio the economic machine
https://youtu.be/PHe0bXAIuk0
Ray Dalio new world order
https://youtu.be/xguam0TKMw8
Mooers LabOP : Hi, mooers! After enjoying doctorpot's impressive story, why not start a meaningful discussion now?
Topic: What else do you want to know about @doctorpot1's investment experience? Comment to let us know.
Bonus:
1. 30 points for mooers who raise helpful, reasonable, and doctorpot1-related questions
2. 70 points for doctorpot1's each reply to mooers' questions
Duration: Now – Aug. 31
Exchange your ideas now!
doctorpot1 Tammyy: It depends on which market and your future outlook on the market, and the strategy you have.
Then sell covered call to slowly reduce my cost.
If you just want to have the market return (which is 8 to 10% annualised over the long run), the just buy $SPDR S&P 500 ETF (SPY.US)$ every month and ignore the price and whether crash or not.
But I'm trying to outperform the market and get better returns. So I'm not entering the US market for now as it is a bit too high in my opinion. Like before covid S&P was 3300. During covid, economy so bad, war happen, now even in recession, S&P is 4000. it is very illogical to me. So I believe what happen is that US printed too much money and alot of the money flowed into the market thus we have this stock price inflation. So I'm not keen to go into US market generally. but I could be wrong and misinformed.
But I did buying some US company stock that had crashed really bad, like 70 to 90% crash bad hahahaha
So the past few months I had been buying more Chinese stocks as they had crashed very badly and may crash even more as the Taiwan tension is getting so heated. I have stopped buying Chinese stock though as I think the chance of war a bit too high for my liking.
So in short I'm still regularly buying the crash on a regular basis but will shift what I buy based on the economic risk factors. You can see my purchases in some of my posts
https://www.moomoo.com/community/feed/108679962034182?data_ticket=5b3500b278c1b7aa4a176e85285988a1&futusource=nnq_personal_host&content_type=feeddetail
View more comments...