Bear market is scary only when the Bear hits us hard! Damn hard!
How did Uncle8888 feel during past Bears?
1987 : Where got lots of spare money to put into stock market?
Most of his past saving gone into HDB, renovation, wedding and honey moon; but not to the Bear.
Me no pain felt!
Other people pain.
1998 : Not much money in the stock market
Children ate money. Not Bear!
But, this time he personally witnessed the great pain and suffering of financial losses by close relatives in CLOB Saga. One of them was near bankruptcy due to share financing scheme provided by Finance companies.
Read? Harsh lessons from 1997/98 and 2007/08 stock crisis
Leverages is always a double-edged sword.
Can avoid. Avoid. No free lunch in making fast money.
Me no great pain felt but learned something very important.
Till today, home CEO still don't believe in the stock market to create wealth. The Unforgettable Pain!
2009: The Great Pain in me!
Simi Create Wealth in the Stock Market? Chun Bo?
It is more like Destroy Wealth in the Stock Market!
The Next Great Bear?
Uncle8888 has been preparing himself mentally and financially to face the next Great Bear.
He is 99% confident that he wouldn't be crazy cutting losses like in end 2008 to recover some capital for re-investing or doing horse switching strategy.
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It is like ...
ReplyDeleteRecession is when your neighbours got retrenched
Depression is when we got retrenched
Bear market for those who lost big
Since I own no stocks now, I will try to buy some for investment when the next bear market comes, as predicted by Uncle8888. Have been waiting since 2009, at the bottom, when everyone says market can get worst. I remember calling my broker to buy Citigroup when it was near USD 1 only. Next day a fellow trader told me it can drop to nothing. Quickly called my broker to cancel my buy orders after listening to him.
ReplyDeleteLast stock I owned was C&C. Just a few lots, sold it for a little profit, donkey years ago, when it was around S$3.60. Can't remember when, definitely more than 10 years ago but not before 1998. Will have more money to invest in stocks when the government return most of my cpf when I reach 55, in a few years time.
CW said "He is 99% confident that he wouldn't be crazy cutting losses like in end 2008 to recover some capital for re-investing or doing horse switching strategy."
ReplyDeleteHow about cutting gain and exit the market during dead cross? Then deploy the capital gain and hoot big when golden cross appear?
Single stocks may be hard to implement. How about testing this strategy with STI ETF?
DeleteYes.I am allocating ~20% portfolio using golden/dead cross strategy to invest with ETF (STI, A50 China).
DeleteS&P is excluded now as the PE is way too high.
How will you define golden cross? 50 and 200 day simple moving average crossover?
Delete