As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Sunday, 16 April 2017

Do You Invest/Trade in US Market?


This is frequent question ask : Do you invest/trade in US market?

In 01 Aug 2009, Uncle88888 said ....

I have never invested in any oversea market before, and also unlikely in the future as I don't believe that with my limited investing capital, SG market cannot provide enough opportunity for me to make decent returns.


There is no need to look so far away when the pot of gold is just in our own backyard. So I have escaped the CLOB saga, but my father-in-law and brothers-in-law were all badly burnt. 


16 Apr 2017 : Even now with plenty of free time to watch the US market; it is still No.

Larry William's Rule No 9

9. Your fortune will come from your focus - focus on one market or one technique.

A jack of all trades will never become a winning tradee. Why? Because a trader must zero in on the markets, paying attention to the details of trading without allowing his emotions to intervene.

A moment of distraction is costly in this business. Lack of attention may mean you don't take the trade you should, or neglect a trade that leads to great cost.

Focus, to me, means not only focusing on the task at hand but also narrowing your scope of trading to either one or two markets or to the specific approach of a trading technique.

Have you ever tried juggling? It's pretty hard to learn to keep three balls in the area at one time. Most people can learn to watch those 'details' after about 3 hours or practice. Add one ball, one more detail to the mess, and few, very few, people can make it as a juggler. It's precisely that difficult to keep your eyes on just one more 'chunk' of data.


Looks at the great athletes - they focus on one sport. Artists work on one primary business, musicians don't sing country western and Opera and become stars. The better your focus, in whatever you do, the greater your success will become.

Read? Have you spend enough time thinking on your money management strategies?

Read? Major STI market cycles - Horrible Bears and Beautiful Bulls! (Re-posting)


SGX market may be much smaller than US market; but it doesn't mean we can't make some money from it.






4 comments:

  1. Agree very much to this post.

    There is money to be made in every market, dont need to look so far away.

    ReplyDelete
    Replies
    1. Some people keep forgetting that we ourselves are the one responsible to make money from the market in the long run and not the market we are in that will make money for us.

      Delete
  2. i also do the same.

    But I have some U S stocks due to working in U S companies which I put it under DRIP.

    Because of U S. $ from $ 2 plus to $ 1.4, all these years of DRIP amount to nothing.

    So it is another reason why I am weary of investing in another country.


    ReplyDelete
    Replies
    1. Currency risk is real. Those days when NZ banks offered 10% FDs but when those FDs matured after interests and conversion still net losses. Probably that help to explain why older folks learnt on ground what is currency risk all about. I try to avoid taking on double risks.

      Delete

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