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11-06-2012, 11:14 PM
(11-06-2012, 09:41 PM)Jared Seah Wrote: A very timely reminder that we got only 3 more weeks for the doom's day prediction to come (or whimper out).
If I take STI 3000 as a recent top (I like round numbers; easier mental math):
STI 2700 is "only" a 10% technical correction (It's only a scratch wound)
STI 2400 is a 20% bear market (OK, can I scream now? Ouch ouch!)
STI below 2000 (where's the bloody fire exit?)
A lot of "value" investors think they know intrinsic value, but its the price you have paid that determines whether it's a scratch or a mortal wound
I can empathize with you. What ever style of investment you adopt in the end it is really "educated intelligence" (Sorli, this is my thinking only. No offence to anyone). The price (value) you paid is the most important besides the company you choose. The time you choose to pay maybe as important too. (Even WB thinks and says so) IMHO.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.