US Stock Investor Interview! 5 tips for choosing FIRE's Shitata Pazo brands
This is the final interview with Mr. Tappazou.Part 1So, the investment history of Mr. Tappazo, who achieved FIRE in his early 40sPart 2Then, I asked him about the sectors that Mr. Tappazo is paying attention to, his current portfolio, etc. The theme this time is about Mr. Tappazo's specific investment methods.I will also introduce the 5 rules for choosing investment candidates for about 100 stocks by Mr. Tappazou.
Why don't you use moomoo to try out the US stock investment introduced by Mr. Tappazou?Open an account and seize trading opportunities!You can check the details here>>Open a Moomoo Securities account
Let's learn from Mr. Tappazou and aim for a “rich life” for everyone!![]()
Why don't you use moomoo to try out the US stock investment introduced by Mr. Tappazou?Open an account and seize trading opportunities!You can check the details here>>Open a Moomoo Securities account
Let's learn from Mr. Tappazou and aim for a “rich life” for everyone!
points
・Pursue investment efficiency, including how to use time
・1 qualitative standard and 4 quantitative criteria for stock selection
・Not only financial figures but also qualitative judgment materials such as press conferences are important
・Pursue investment efficiency, including how to use time
・1 qualitative standard and 4 quantitative criteria for stock selection
・Not only financial figures but also qualitative judgment materials such as press conferences are important
Tappazou's Profile
・Advisor to US stock investors and investment management firms
・Began investing in US stocks in 2010
・I left the company in 2019 and became independent
・Advisor to US stock investors and investment management firms
・Began investing in US stocks in 2010
・I left the company in 2019 and became independent
What is important is to have “your own axis”
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-- Do you have return targets for stock investments?
Tappazo-san：It depends on the market, so I try not to worry about it, including the amount of assets. The stance is to buy when it's cheap.For example, if I tried to raise my return by 10% per year, I felt bound by that. I bought it 5 times last year, but I haven't bought one this year yet, and that was the case in 2021.
My state of mind has changed now,You don't have to go to the market every dayI think so. I've come to think that I should only pay attention when I think the market is cheap. It's more efficient that way, too.
If you think about how to allocate resources, it's related to work, so I look at the market every day, but if you are desperately buying and selling, quite a bit of resources, including time, will be allocated.
There used to be times when I did things like day traders. There were times when I earned 100,000 yen or 200,000 yen from that during summer vacation when I was an office worker. But now, I'm starting to think it would be a waste to use it for a day for that.
-- Does that mean they're considering an efficient way to invest, including how to use time?
Tappazo-san: Yes. I myself have entered the second half of my life, soMoney is important, but even more than that, time is a higher priority. However, strangely enough, I feel that profits have, on the contrary, increased since I began to think so. I'm no longer losing.
――It's also helpful for those who are about to start investing, isn't it?
Tappazo-san: After all,Buying when it's cheap is the most efficientThat's right.
However, that is my way of thinking, and I think each person has a different way of thinking.What is important is to have “your own axis”I think so. There may be people who think that there is significance in accumulating experience by buying and selling every day.
Right now, from the viewpoint of how to use the resources of 24 hours a day, I enjoy my favorite sports and like taking naps, so I'm allocating my resources to those people.
Sports include futsal and training at the gym. At this age, I think the gym is really important. When I lose my muscles, I lose energy, and that's how I maintain my health.
――Is the amount of time you spend investing in your daily life decreasing?
Tappazo-san: We receive consultations and talk from people, including blogs and YouTube, so as a result, we are doing a lot of investment-related activities in a broad sense, and we have been able to gather information. However, I think input time has decreased, and output time has increased. I have less time to read books. In the past, I had a lot of time to finish things on my own, but now I meet and talk with people more and more.
However, in order to be asked and answered by people, it is absolutely necessary to input, so there are times when we do research. I have complaints about not being able to read the book, but I think I've been able to catch up on things such as the information itself, knowledge, and experience.
-- How do you select individual stocks?
Tappazo-san: I have my own rules, even nowI'm picking up about 100 brands, dropping them into Excel, and following their movements. About those 100 brands are divided in a way that feels like the 1st Army, 2nd Army, and 3rd Army, and they say they like it even moreI'm following about the top 30 stocks in detail. Of these brandsI'm looking at financial results one by one, asking if a reasonable stock price is about this, and I'm looking at what percentage of that is the current stock price。
1 qualitative standard and 4 quantitative criteria for stock selection
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――What are the criteria for selecting 100 brands and 1 army brands?
Tappazo-san: FirstAn excellent business model is a qualitative standardThere is. However, places where qualitative evaluations can be given are, to put it bluntly, places where profit margins are high, aren't they? If you do that, it will generally be biased towards high-tech related things.
When it comes to screening stocks, we have the following 4 quantitative standards.
1. Sales are growing (at least not falling)
2. Operating cash flow is growing
3. Operating profit is growing
4. An operating profit margin of 20% or more
2. Operating cash flow is growing
3. Operating profit is growing
4. An operating profit margin of 20% or more
Regarding sales in 1., it would be nice if they were growing, but there are cases where there is no increase, so not falling is the minimum requirement.
Regarding the operating profit margin of 4., it will change depending on the type of industry. Transaction-related industries where there are no purchases have higher profit margins, so I like it. However, the profit margin of a retail business like Amazon is not that high, but it is included as an investment candidate.
-- Do you use screening tools?
Tappazo-san: Actually, I haven't used it.First, look at everything on paper data, put post-it notes on the necessary parts, and then go into electronic data. Paper data is highly catalogable, various information can be viewed in a list, and graphs and the like are easy to see. If you look at it on a computer, on the contrary, it may take a strange amount of screening.
-- Can I see technical indicators, etc.?
Tappazo-san: For fun, we also do technical analysis. It's irregular, though. After allSelect stocks from fundamentals and look at prices technicallyThere is also such a thing. I see things like support lines (support lines). However, there are also places where technical analysis is an afterthought, so it's too muchDon't set it to “just this indicator”I'm aware of that. However, there are also people who have succeeded in technical analysis, so I'm not denying it at all. I don't think I have any right to deny it.
――Do you sell stocks you own in a short period of time?
Tappazo-san: Before FIRE, when individuals were investing, they often sold right away. However, they usually sold it too fast, and I often regretted it after selling it. In order to avoid that, we created such standards and tried to buy, but now we are in a situation where taxes are too heavy to sell.
Currently, all asset management is carried out by a corporation. If you even think about inheritance, I think it would be better if it was managed by a corporation.
There are also things that are useful to know, including talking about tax savings, aside from whether to do it or not, soI try to catch up with information other than stocks as much as possible。
-- Where do you gather this kind of information?
Tappazo-san: There is a study session, so you can get information there. There are people who are much richer than me at the study session, and there are also people from different industries. There are people who introduce real estate, and there are also topics related to stocks.
For example, when information that “such a tax saving method was proposed by a tax accountant” is shared at a study session, it becomes a story such as “our tax accountant's opinion is different,” etc., and the accuracy of the information increases. What's more, I think it's really important to be able to talk face-to-face.
Not only financial figures but also qualitative judgment materials such as press conferences are important
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――Overseas information is mainly collected through the internet, right?
Tappazo-san: I am collecting information by entering the IR site on the internet. butIt is now possible to obtain financial information from the Moomoo app. I think times have changed. That's good, isn't it? There were also questions and answers, etc.I think the moomoo app is extremely rich in financial information. You can also get exchanges at press conferences, etc., and you can also watch videosRight. I'm surprised at that.
After allI think not only numerical information, but also information such as exchanges at press conferences is important. Both quantitative and qualitative judgments are necessaryso.
-- Lastly, would you like to say a word to investors participating in the moomoo app
Tappazo-san: We just got to know each other, so let's do our best to manage our assets together!
《Disclaimers, etc.》
● The purpose of this material is to provide information that can be used as a reference for investment decisions, and is not intended to solicit investment. Investments are made at the customer's own discretion.
● This material has been prepared based on sources believed to be reliable, but we do not guarantee the accuracy, completeness, timeliness, etc. of the information and opinions based on them. The information described in this document is current on the date the material was prepared, and is subject to change without notice.
● Even if any damage occurs as a result of an investment made based on this document, regardless of the reason, Moomoo Securities Co., Ltd. and Mr. Tappazo are not responsible at all.
● It is prohibited to reproduce, reprint, transfer, etc. part or all of this material without permission, regardless of electronic or mechanical method or purpose.
● The purpose of this material is to provide information that can be used as a reference for investment decisions, and is not intended to solicit investment. Investments are made at the customer's own discretion.
● This material has been prepared based on sources believed to be reliable, but we do not guarantee the accuracy, completeness, timeliness, etc. of the information and opinions based on them. The information described in this document is current on the date the material was prepared, and is subject to change without notice.
● Even if any damage occurs as a result of an investment made based on this document, regardless of the reason, Moomoo Securities Co., Ltd. and Mr. Tappazo are not responsible at all.
● It is prohibited to reproduce, reprint, transfer, etc. part or all of this material without permission, regardless of electronic or mechanical method or purpose.
《Disclosure matters relating to conflicts of interest》
● Stock selection is carried out at Mr. Tappazou's own judgment, and we have not accepted any stock designations from third parties, including Moomoo Securities Co., Ltd.
● There is no serious conflict of interest between the person in charge of writing, Mr. Tappazou, and the company covered by this document.
● Stock selection is carried out at Mr. Tappazou's own judgment, and we have not accepted any stock designations from third parties, including Moomoo Securities Co., Ltd.
● There is no serious conflict of interest between the person in charge of writing, Mr. Tappazou, and the company covered by this document.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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