Lin Benli: The 'Three-Bet Investment Method' that Earned 7 Million

Q: Are the chances of a pullback in U.S. stocks difficult in the near term? How do I seize the time of the market?

In fact, it is not easy to see a significant pullback in US stocks. I have been investing in US stocks for more than five years and have grown by more than 100% over the period, with an average annual return of more than 20%. If you want it to fall more than 10%, it is really difficult.

Already in March of this year, I pointed out in articles and visits that the S&P 500 Index was at a high of about 6147, went bust and fell 5% to 10%, and suggested that you could enter the market and Buy 40% to 50% Warehouse. Because it cannot be solved at the same time, small scale adjustment is large adjustment.

If the fruit drops further to the low of 5100 in August of the following year, the code can be re-coded by 20%. Finally, the market minimum is expected to be 4800—4900. I have already planned ahead and suggested that students invest 20% in the water level again. As soon as the market falls further, my strategy is able to protect against losses in the big markets.

At the end of the year, the S&P 500 Index gained 5881 points, starting at the beginning of the year from about 5,500 to 5600. For investors with less stock, the code can be scaled to 40% to 50%, and the decline continues to increase. The average Buy price of this type is around 5300 points and is already in the running line.

Q: How do you look at the performance of Hong Kong stocks this year? Is 25000 points already at the top?

This year, Hong Kong stocks have performed well and arguably one of the best performing markets in the world. I have set my target for the past two or three years, initially at 19000 points, then up to 25000 points, increasing close to 30%, and with an average dividend return of 4pc, meeting my basic requirement of earning at least 10% per year.

My current goal is 28000 points. When the Hang Seng rose past 25000, I gradually sold the item, as I expected a rebound in the market. I expect Hang Seng to bounce back to the level of 22000 to 23000 pips and fall by about 10%, which will be a chance to take hold again.

Whole market stocks can only reverse their downsizing, but individual stocks may fluctuate by more than 10%. In April of this year, the Hang Index fell by 19000 points, the current market share (PE) fell by 10 points, based on historical experience, 10 PPE and below, followed by the HMP rebound, investors received feedback, including the stock news, rose above 20% to 30%, and the performance of individual shares was better.

Q: What are your main Hold Positions in US and Hong Kong stocks?

In terms of US equities:

I have held three core US stocks for a long time: $Berkshire Hathaway-B(BRK.B.US)$ 、 $Vanguard S&P 500 ETF(VOO.US)$ und $Invesco QQQ Trust(QQQ.US)$ 。 This combination has been very solid over the past 5-6 years.

Many people are hailing the recent drop in share prices in the District, but others actually saw a 20% increase in the city's size in April, showing a far cry from the big city. In the recent Barbary reversal, the main thing is the return of market stalwart Buffett. Moreover, she has indicated that she will attend corporate affairs after her retirement. QQQ's year-on-year performance was strong, reflecting Technology stocks, but the market was tracking.

Last Friday, when other stocks fell, the Bahamas still rose slightly, showing its bearish resistance.

In terms of Hong Kong stocks:

I recommend that investors do not over-group into three stocks, but rather spread their investments into more than ten shares.

The Hong Kong shares I hold include:

Local Comprehensive Enterprise: $CKH HOLDINGS(00001.HK)$ 、 $SWIRE PACIFIC A(00019.HK)$ 。 The combined Market Cap of the two companies below the subsidiary companies, far surpassing the parent company's identity, and the market fashion does not fully reflect the actual values of the other companies.

Financial stocks: $HSBC HOLDINGS(00005.HK)$ 、 $BOC HONG KONG(02388.HK)$ 、 $AIA(01299.HK)$ 、 $HKEX(00388.HK)$ 。 These stocks are not only highly weighted, but they have also performed well this year, with CBI up more than 50%, along with a very impressive dividend return.

Real Estate & Utilities: $SHK PPT(00016.HK)$ Low debt ratio and relatively stable; $CKI HOLDINGS(01038.HK)$ Value of Reserve Assets.

Chinese-owned financial stocks: $CCB(00939.HK)$ 、 $CM BANK(03968.HK)$ 、 $BANK OF CHINA(03988.HK)$ 、 $ICBC(01398.HK)$ 。 The market cap of several banks in these countries has been stable and has increased in popularity this year.

High Yield Shares: $CHINA MOBILE(00941.HK)$ 、 $CNOOC(00883.HK)$ 。 These two share ratios are highly valued for value, and the relationship between China Sea oil and oil prices, such as the Hong Kong Stock Exchange's relationship with Volume.

Technology and Consumer Stocks: $BABA-W(09988.HK)$ 、 $TENCENT(00700.HK)$ 、 $XIAOMI-W(01810.HK)$ 、 $MEITUAN-W(03690.HK)$ 、 $TRIP.COM-S(09961.HK)$ 。 Among other things, I consider Alibaba as a Block Orders, the higher the volatility decreases and the risks are correspondingly greater.

Overall, I recommend that investors diversify their holdings to control risk, while reserving some of their funds for low-selling.

Q: How is your investment performance this year? What is the difference between a simulated warehouse and a real one?

This year, the Hong Kong stock market rose by about 20%, my simulated warehouse gained about 11% to 12% in the big market, and my own platter ran by about 7% to 8%. Due to the reduction in frequency frequency operations in recent years, the main extraction strategy has been maintained, with about 70% for long-line warehouses and 20% to 30% for low absorption.

My demo stock is basically consistent with real stock holdings, only the ratio is slightly different. Demo stocks tend to have higher ratios, while I personally tend to be conservative, using only a small number of positions for short line operations.

I recommend that investors keep an eye on the latest Market Cap and Cost of their shares every year, not just buy prices from many years ago. Based on the current market, the decision is to continue to hold or to add to decline.

Q: How do you attribute cash and high-yield Assets?

When the portfolio gains more than 20%, I deposit about $1 million first, but the overall return continues to grow. Some of the funds are transferred to reserves or invested in high-yielding, stable utilities and real estate leasing stocks.

For example, I recently bought from HK$65 to HK$66 $CLP HOLDINGS(00002.HK)$ , then rose to HK$68; US equities invested in a utility ETF $Utilities Select Sector SPDR Fund(XLU.US)$ The price is about 80 to 81 US dollars and the interest rate is about 2 cm. It is also a solid choice.

Outside of this, I hold some bonds and USD deposits and are taxed at 17% annually through Strong Gold (MPF) and Discountable Taxable Sponsorship (TVC) investments.

My portfolio, which has been established since 2011, has increased in value from an initial $4 million to more than $11 million, and over $700 million has been deposited during the period, and the remaining positions are “free” to hold.

To summarize:

Investors should view Hold Positions on a regular basis, based on the latest market price adjustment strategy, rather than follow historical costs. stresses the importance of investing heavily in value-shifting and risk-spreading, and recommends maintaining a benchmark cash while waiting for the market to recover from time to time.

Through this Share, he hopes to give the audience a deeper understanding of value investing and current market changes.

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