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13-04-2012, 11:07 PM
Stop day-dreaming!
How on earth are we going to know when the market tanks? Neon-lights will light up and flash at SGX when that event is triggered?
For STI-watchers, most likely when it hit their target of -20%, they are going to wait for -25% or even -30% next. It was only as recent as Nov-08 that we experienced -50% for that year alone, so even a -30% may not be the tanking moment. So, ya, I think they'll end up just watching it go down, finally tank, rebound and then just lament that they'd missed the boat when it's +20%.
Just last year alone, STI dropped -17%. Anyone here waiting for that extra -3%? Too bad... it rebounded this year and I bet they're not enjoying the +13% or so within the 1st couple of months. No wonder these people are still waiting for the bull run! For all we know, we may even have peaked and are going to experience another -ve cycle soon!
Better to have dreams than day dreams. With dreams, you set goals and make plans to achieve it. It may be hard work, but it can be achievable. With day dreams, you waste away your time waiting for Lady Luck to smile on you - might as well go buy Toto and hope to hit the big jackpot!
Ya, spend your time productively to learn how to invest properly. Focus on company valuations so that any huge STI drops likely means you get a better discount on your target stock. You not only increase your probability of making $$ but also a higher % of profits.
So, don't spend too much time being an STI-watcher, unless you plan to buy STI-ETF at your target valuations (of STI-ETF)!
How on earth are we going to know when the market tanks? Neon-lights will light up and flash at SGX when that event is triggered?
For STI-watchers, most likely when it hit their target of -20%, they are going to wait for -25% or even -30% next. It was only as recent as Nov-08 that we experienced -50% for that year alone, so even a -30% may not be the tanking moment. So, ya, I think they'll end up just watching it go down, finally tank, rebound and then just lament that they'd missed the boat when it's +20%.
Just last year alone, STI dropped -17%. Anyone here waiting for that extra -3%? Too bad... it rebounded this year and I bet they're not enjoying the +13% or so within the 1st couple of months. No wonder these people are still waiting for the bull run! For all we know, we may even have peaked and are going to experience another -ve cycle soon!
Better to have dreams than day dreams. With dreams, you set goals and make plans to achieve it. It may be hard work, but it can be achievable. With day dreams, you waste away your time waiting for Lady Luck to smile on you - might as well go buy Toto and hope to hit the big jackpot!
Ya, spend your time productively to learn how to invest properly. Focus on company valuations so that any huge STI drops likely means you get a better discount on your target stock. You not only increase your probability of making $$ but also a higher % of profits.
So, don't spend too much time being an STI-watcher, unless you plan to buy STI-ETF at your target valuations (of STI-ETF)!
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
