Ep537: Kanit Nimmalairat – Don’t Go All-in on a Stock

Andrew Stotz 00:02
Hello fellow risk takers and welcome to my worst investment ever stories of loss to keep you winning. In our community, we know that to win in investing, you must take risks. But to win big, you've got to reduce it. Ladies and gentlemen, I'm on a mission to help 1 million people reduce risk in their lives to reduce risk in your life. Go to my worst investment ever.com today and take the risk reduction assessment I've created from the lessons I've learned from more than 500 guests. Fellow risk takers, this is your worst podcast host Andrew Stotz, from a Stotz Academy, and I'm here with featured guests Kanit Nimmalairat, and also known as couldn't win, and couldn't commit. Tell us? Yeah. Are you ready to join the mission to help people?

Kanit Nimmalairat 00:56
Now I'm very, very enjoy my life because I'm financial freedom. And full time investor. Yeah, very interesting.

Andrew Stotz 01:05
That's good. Well, I

Kanit Nimmalairat 01:06
want to dive in.

Andrew Stotz 01:08
I think a lot of listeners want that financial freedom. So let me introduce you to the audience couldn't connect, or also known as NY When long tune also called in English, we would call that night when investment is the owner of the YouTube channel and a Facebook page. He's got more than 200,000 Facebook followers and about 20,000 YouTube followers. He's also more importantly, a full time investor. He's not just talking about theory. He's talking about his own experience, and he's a master of investing in value. And he's got various online courses about how to invest and how to gain financial freedom. Maybe couldn't connect maybe you can tell us a little bit about yourself and your business and what you love to do.

Kanit Nimmalairat 02:04
Yeah, thank you. Is it do you think very much today I have full time in investor and I have my business facebook youtube course online and another little bit but my focus thing is investment my main main focusing and cross invest investment a course called stock value where you invest where you stock I seeking for all stock where you start.

Andrew Stotz 02:46
So how do you find stocks? If you like growth stocks, you'd like value stocks? What is yours? How do you find them?

Kanit Nimmalairat 02:55
About the US stock? Aisle Five? PBV Piper moved to Yeah. And they're looking at price to book Yep. Excellent. Yeah. And they were you and they were used up and in the future if you have mama brought up the profit, profit profit margin net profit margin grown and I will buy before right? And when and then maybe that happened of the economy of scale. Something ideas and metal feet grow and sell

Andrew Stotz 03:42
and what is your average holding time? Are you holding a stock? Average? How long?

Kanit Nimmalairat 03:51
Maybe one man two men. And quick, quick, the quick time that I one week for 100% 100% gain. That's on one one bad too. Too bad. But we have only one week I'm not seeing very much.

Andrew Stotz 04:14
That's exciting. And how would you describe your style first, you look at price to book your plan. Do you research the company? Do you look for the news How do you what is your style of doing the research before you buy the stock?

Kanit Nimmalairat 04:32
financial protection? I make financial protection Am I looking for more profit on the stock example the stock still still stock still? If you look farther still pie pie in China. You will see the exponential curve our

Andrew Stotz 04:58
price so Steel price is one commodity that's under a lot. So you're looking then for a company that would benefit from the rising steel price.

Kanit Nimmalairat 05:10
Yeah. And in Thailand is have one company have a stock in? The we have these big stocking.

Andrew Stotz 05:21
Right. So they're revaluing their inventory in the balance sheet inventories. So they were sitting on inventory that was at a low price when they bought it, and all of a sudden, they're going to be able to sell that inventory at a much higher price. So

Kanit Nimmalairat 05:38
yeah. And they have stuck in that I thinking, but the price is up, up, up before.

Andrew Stotz 05:47
Right, right.

Kanit Nimmalairat 05:49
So very, very exciting for me. Yeah, it was only one week. 100%

Andrew Stotz 05:55
That's amazing. Yeah, well, now it's time to share your worst investment ever. And since no one goes into their worst investment thinking it will be tell us a bit about the circumstances leading up to it then tell us your story.

Kanit Nimmalairat 06:11
Yeah, my worst investment happened for me to just maybe 10 years after that I studying in investment, I buy the commodity commodity stock one commodity stock as plastic plastic. I buy the price is 34 for one stock, and in my all in

Andrew Stotz 06:45
all in

Kanit Nimmalairat 06:47
our in the bag. And then is down. Go to the bar.

Andrew Stotz 06:58
So basically cut in half. Yeah, I cannot

Kanit Nimmalairat 07:01
stop that in 13 bar. That is lucky for me because the Dow to seven bar

Andrew Stotz 07:10
went even further. went

Kanit Nimmalairat 07:13
bad. Fall for one stock commodity has been

Andrew Stotz 07:17
and how did you feel at the time when you saw it going that?

Kanit Nimmalairat 07:22
Very bad night? The night? My man Yeah. Were we really bad? I have some really we rethinking? Rethinking?

Andrew Stotz 07:40
So maybe we can now talk about what did you learn from that experience?

Kanit Nimmalairat 07:45
I leave thinking that why I lose for around 100% to 32 for 14 lose I thinking about this, I find that I buy stock that not any principle of investment. I buy with my trades. I think 30 That will go to 4030 4052 I think this chart only this. And then when pies blow down. I really thinking and thinking for the new investment. And I found that by you investment by buy any books, any books need to read about that you investment each weekend from

Andrew Stotz 08:53
so that is what got you started into value investing. You had to look for a new way,

Kanit Nimmalairat 08:59
a new way. Yeah, we can help me.

Andrew Stotz 09:03
And, and so let's just maybe I'll share a couple of ideas from what you've just said. I mean, the first thing is, for the listeners out there, you know, be careful about commodity, commodity commodities are very, very volatile. And generally commodities have not been good over a long period of time. So it's not like an asset class. You just want to own for a long time. It's an asset class, from my research that you want to buy when you're in an inflationary environment for that particular product, or for commodities in general, like we're in now, but you should not look at it from a long term perspective. The second thing, yeah, the second thing I'm thinking about is that, particularly when you're a beginner in investing and you're just starting, you may want to consider a stop loss even If you may think I like value investing, and I don't want to do a stop loss, but sometimes we have to preserve our capital before we have full knowledge. So for the listeners out there, I really want you to think about don't just go all in to start. Do that. Yeah.

Kanit Nimmalairat 10:23
If we're meant to.

Andrew Stotz 10:26
Yeah. And nowadays, how many stocks do you normally have in your portfolio?

Kanit Nimmalairat 10:33
I'll 555 or seven.

Andrew Stotz 10:38
Okay, so that's a pretty concentrated portfolio. But it's definitely not just making a bet on one stock. So

Kanit Nimmalairat 10:44
yeah, no, no,

Andrew Stotz 10:45
no, no. Let me ask you. So what would based upon what you learn from this experience? What would you advise for the listeners to do? who are starting out as investors? What advice would you give them?

Kanit Nimmalairat 11:01
Yeah, the one is not all in now, like compared to it, that's it. To is you you have to looking for I think value investment is very, very close integral for the investor, you might be looking for this value investment. Yeah,

Andrew Stotz 11:23
that's a good point about principle, you know, you can build your own, you can build a method or a principle, that's really valuable.

Kanit Nimmalairat 11:34
And I think the treaty is, you must to have many experience to be able to trade stocks.

Andrew Stotz 11:47
Yeah. So one of the ideas, I'm thinking about that, it's kind of like, start small, and start making trades small and get experience before you go all in?

Kanit Nimmalairat 12:01
Yeah, I think if you find, buy, buy one stock, and nothing is good, I recommend that you must to buy a little bit. That's only the first when you buy the stock, you know, now you're stuck. And you will study anymore, that by stop view going up bicep growth. And if you study for that you can confirm you will make more

Andrew Stotz 12:40
right, add to your right. Right, fantastic. What is a resource that you would recommend for our listeners, one of your resources or any resource that you would recommend to the listeners

Kanit Nimmalairat 12:55
set that it is impact? Set Central? Yeah, a lot of years have many, many data that you will find your stock. And other is that Facebook fan page of many Facebook fan page you must choose. Right. Looking far the good Facebook Fan poll, and I recommend tywi I highly I highly, highly either calm. I bought web bar Thai web bar. This very good. Great. Great resources. Yeah. Matter news and wooden cow who? Yeah.

Andrew Stotz 13:45
You gotta follow all of these. This is good. Yeah. And, um, and also Yeah, and talking with your broker,

Kanit Nimmalairat 13:53
I say is very good.

Andrew Stotz 13:59
And so broker research. In fact, in Thailand, broker research is very good quality. It's impressive about it's very good quality compared to what I've seen in other countries. And I'll have links in the show notes to those resources, as well as the links in the show notes to your page so that the listeners can check it out. My last question for you is what is your number one goal for the next 12 months?

Kanit Nimmalairat 14:28
And my number one goal is investing investment to up my part after they were up my phone another four. I would like to fall for a flop my follower in Facebook in YouTube of financial freedom. Yeah, to begin that financial freedom.

Andrew Stotz 14:57
That's very rewarding. Yeah, bet betting

Kanit Nimmalairat 15:01
your financial personal finance.

Andrew Stotz 15:05
Great. Fantastic. Well, listeners, there you have it another story of loss to keep you winning. If you haven't yet taken the risk reduction assessment, I challenge you to go to my worst investment ever.com right now and start building wealth the easy way, by reducing risk. As we conclude it, I want to thank you again for coming and joining the mission. And on behalf of a Stotz Academy, I hereby award you alumni status for turning your worst investment ever into your best teaching moment. Do you have any parting words for the audience?

Kanit Nimmalairat 15:44
I would need any audience. Everybody good luck in this investment. But don't forget the principle where you invest is very good. And credit or financial freedom 2030 I start starting with in 2010 and 2020. I have financial freedom. Maybe it would be meaningful time in the life for any audience or to you are all in 2030.

Andrew Stotz 16:26
Yeah. That's an exciting challenge for all the listeners. How can you build financial independence 10 years from now by 2030. And you know, here right here, Ken, it is a guide. So that's a wrap on another great story to help us create, grow and protect our wealth fellow risk takers. This is your worst podcast host Andrew Stotz saying thank you for joining our mission and I'll see you on the upside.