I will hold my horses.....observe the sentiment (obviously it's very bad for these two weeks)
But it's 4Q results announcement soon for most company so I will selectively absorb the good one like blue chips.....my strategy will be 20% of my remaining investment funds for every 150 points drop starting from 2750.....don't get me wrong....I am not an investment expert.....I actually get caught too and locked up most of my funds as I bought quite a lot at over 3000 points so I am actually averaging down
The important thing is to buy only on what you can affort, at the end of the day if the return from the shares dividen exceed the bank FD rate, then it's consider a good call
AS OF NOW: ST Index 2,774.38
For investors - just continue along with your asset allocation plan and your regular savings plans (this is a good time to average down) and ignore all the noise.
I'll be looking to top up my funds over the next few weeks/months - expect some more volatility in the coming months.
$10,000 in cash stuck inside a stock which is now 60-90 cents after 10 years of waiting (.. still waiting) ?
He had a super hard time to average it down... u know ? as if he spend half of his life working for money to average this "investment"
Last edited by raincool2005; 22nd January 2008 at 03:08 PM.
This stock was listed before the Tech bubble bursted. Big boys pushed the stocks to all time high to attract "suckers" to buy at unrealistic prices. One of my ex-colleagues bought it at $15. He has already written it down as bad debt.
Creative Technology was the classic. It was trading at one time for more than $50 during the Tech Boom.
Don't chase stocks even though the price is moving up everyday. There is this theory - don't be the last guy to hold the baby during the musical chair game.
I am still waiting for SIA to fall to $7.
Do know what to do... not an expect... got money buy... no money sell..cash is king!
BILLIONAIRE investor George Soros said the world was facing the worst financial crisis since World War II and that the US was threatened with recession.
“The situation is much more serious than any other financial crisis since the end of World War Two,” Mr Soros was quoted as saying in an interview with the Austrian newspaper, Standard.
He said that politics had been guided by some basic misunderstandings over the past few years, stemming from something which he called “market fundamentalism” - the belief that financial markets tended to act as a balance.
“This is the wrong idea,” he said. “We really do have a serious financial crisis now.”
Asked whether he thought the US was headed for a recession, he said: “Yes, this is a threat in the United States.”
He added that he was surprised at how little understanding there had been on how recession was also a threat to Europe.
European shares fell nearly 6 per cent on Monday - their biggest one-day slide since the September 11, 2001 attacks in the US - as fears of a US recession and more write-downs in the financial sector sparked a broad-based sell-off.
ST Index 2,766.94 -150.21
Hang Seng close at 8% lower -2061.23
i regreted not studying economics last time....
dun even know what u guys toking about....with all the jargon.
**** xia, got any good fundamental books to read and "practise"?
would like to enquire what to do if i want to grow $$$.........
at home already alot of money plants with no real $$$ though