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25-03-2012, 09:16 PM
(This post was last modified: 25-03-2012, 09:26 PM by Temperament.)
(25-03-2012, 05:31 PM)Drizzt Wrote: wow but you should have gotten at a very low price of 25 cents
Ya! because of $0.25 historical price baggage or my psychology anchoring that i dared not buy even below $0.90 during 2009 fiasco. Unlike when i first started in 1987/8 i bought up to +100 lots average price of $1.20. i was not afraid then as i didn't have any psychology baggage. Because of no baggage then, till today NOL was and still is one of my best "ROI".
Now i go for dividend paying stocks. This is another reason why i missed buying NOL during 2009 fiasco. Maybe i am losing my "guts" as i have very little human capital left (going to be 65 soon).
But i may buy NOL again if i find my guts back. No venture no gain is always true. You just can't win, if you always want to play it safe.  
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.
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(25-03-2012, 09:16 PM)Temperament Wrote: (25-03-2012, 05:31 PM)Drizzt Wrote: wow but you should have gotten at a very low price of 25 cents
Ya! because of $0.25 historical price baggage or my psychology anchoring that i dared not buy even below $0.90 during 2009 fiasco. Unlike when i first started in 1987/8 i bought up to +100 lots average price of $1.20. i was not afraid then as i didn't have any psychology baggage. Because of no baggage then, till today NOL was and still is one of my best "ROI".
Now i go for dividend paying stocks. This is another reason why i missed buying NOL during 2009 fiasco. Maybe i am losing my "guts" as i have very little human capital left (going to be 65 soon).
But i may buy NOL again if i find my guts back. No venture no gain is always true. You just can't win, if you always want to play it safe.
wow when did you sell your NOL uncle temperament?
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(25-03-2012, 10:26 PM)Drizzt Wrote: (25-03-2012, 09:16 PM)Temperament Wrote: (25-03-2012, 05:31 PM)Drizzt Wrote: wow but you should have gotten at a very low price of 25 cents
Ya! because of $0.25 historical price baggage or my psychology anchoring that i dared not buy even below $0.90 during 2009 fiasco. Unlike when i first started in 1987/8 i bought up to +100 lots average price of $1.20. i was not afraid then as i didn't have any psychology baggage. Because of no baggage then, till today NOL was and still is one of my best "ROI".
Now i go for dividend paying stocks. This is another reason why i missed buying NOL during 2009 fiasco. Maybe i am losing my "guts" as i have very little human capital left (going to be 65 soon).
But i may buy NOL again if i find my guts back. No venture no gain is always true. You just can't win, if you always want to play it safe.
wow when did you sell your NOL uncle temperament?
Since you ask, i remembered i was working in a NUS afflicted R&D centre. And as a small fly i could hide in many "places" and use POEMS PHONES DIY TRADING. i had not started to use INT. Trading as i was still working.
If you have read some of my blogging you will know i am actually a Bear/Bull cycle investor. Er.... i mean i am actually a trader. So since 1987 till now 2012, i not sure how many cycles i have traded. Now the cycles are getting shorter and shorter, i am not sure whether it is more beneficial or less beneficial to my style of investing. Err... i mean trading. May i have your input? You don't have to say if you don't want to. i am just a keen to hear your opinion. i believe in lifetime learning. In fact 2009 cycle was the only cycle i did not "trade" NOL. And i have already explained why.
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.
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there are always different ways of doing things. the cycles can far extend in the future but we will not be able to know until we look back and evaluate.
there are those that believe shipping is ripe for a run in 2013, as a cycles investor what do you think about that?
btw if u are starting out and have 120k in nol thats still a big sum of money
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If you have read some of my bloggings, i started investing at the age of 40. And i go in value-averaging down the Market only after MR. Market shouted, "Sales, Sales, Fire-sales". i try my best to stick to my style of investing(trading), yet i usually found myself entering and exit too early. It's O. K. as long as i make some money. So i have missed buying NOL in 2009 and many others. What is going to happen in 2013??? i don't think anyone really know. IMHO
Sad(sorry) to say, during my time my HDB maisonette only cost $127K. And this was the second bite of the cheery offer from HDB. We were DINK then, we could afford to pay fully to HDB and still had some. This was a few years before i reached 40. When i started to invest i was really crazy and put almost lock, stock and barrel into MR. Market's hands in each of the earlier Bear/Bull cycles. And globalisation of the World had not arrived. The World was much simpler to perceive and comprehend. i am not sure i would do the same if Globalisation of the World has arrived when i started investing. i think one of the reason Bear/Bull cycle is getting shorter is because of Globalisation and the Cyber world. i am a bit disoriented with the World now. Be afraid. Be very afraid.
i think my generation really misses the "Those were the days my friends. We thought they never ends.......... "
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.
Posts: 854
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hi uncle temperament thanks for sharing. with the kind of property tactics nowadays u would have gotten many cheap property to be a mongul.
still how much was sph, capitaland (or equivalent) and dbs uob in those days?
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In those days, there was no Capital Land. Only DBS Land. i remembered after IPO nobody seemed to want to keep it except i noticed by talking to an old man who liked to buy as many DBS Land as he could afford. Now of course i know why. if i am not wrong DBS land has become Capital Land. So you see experience always count.
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.
Posts: 854
Threads: 10
Joined: Sep 2010
Reputation:
14
ah thanks. just great to know the background story in those haydays.
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(26-03-2012, 09:32 PM)Temperament Wrote: In those days, there was no Capital Land. Only DBS Land. i remembered after IPO nobody seemed to want to keep it except i noticed by talking to an old man who liked to buy as many DBS Land as he could afford. Now of course i know why. if i am not wrong DBS land has become Capital Land. So you see experience always count.
If I'm not wrong, DBS Land merged with Pidemco to form Capital Land. I do not know the details then but wondering if that was something like POSB merging into DBS.
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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.
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