Wednesday, April 23, 2008

(28) 大众银行- Tan Sri 给股东的信

每次和我老婆提起“大众银行“,就不难看到她语气中酸溜溜的感慨。虽然,我当初叫她买进时才区区 RM2,000 的投资,但却应该是回酬最理想,最稳当的标。短短两年的时间,如果还没卖,回酬应该不止一倍了。
今天,看到报纸刊登 Tan Sri 给股东的信,忍不住又回去告诉她,结果当然又是一阵酸溜溜喽。。
顺便找了 Tan Sri 的那一段话来分享于此。希望将来别再做傻事了。在对的价钱买进了优秀企业,就要长期持有,通过企业的成长,分享企业最终的利益,才是投资的正道。
“A shareholder who purchased 1,000 Public Bank (Local) shares at RM4.54 per Public Bank (Local) share at the beginning of 2003 and held it for 5 years to the end of 2007 would have received gross dividends totaling RM3,955 over the 5-year period and would have 1,250 Public Bank (Local) shares as at the end of 2007. This is equivalent to an exceptionally high annual return on investment of 36.4% for each of the 5 years from 2003 to 2007 based on the share price of RM11.00 per Public Bank (Local) share as at the end of 2007."
“A shareholder who bought 1,000 Public Bank shares when it was listed in 1967, and assuming the shareholder had subscribed for all the rights issues to date and had not sold any of the Public Bank shares would have 129,730 Public Bank shares worth RM1,427,030 based on the Public Bank (Local) share price of RM11.00 at the end of 2007 and received a total gross dividend of RM487,902 over the 40-year period. This works out to a remarkable annual rate of return on investment of 20.6% for each of the 40 years since Public Bank was listed in 1967."
看了第二段,才令人咋舌。通过 40 年长期的持有,初始的几千块钱投资,在 Tan Sri 把大众银行越搞越成功的前提下,竟然可以变成接近 2百万的总回酬!更妙的是,这期间你不需要放弃你原有的工作,你不需要买进卖出,更不需要左右打听消息。
有时,选对股,一只都已经足够了。分散投资,只是当投资者本身对投资完全不了解的情况下,没办法中的办法而已。
真正的投资,原来就是越简单越好。