Read? http://createwealth8888.blogspot.com/2020/08/time-in-market-timing-market.html
In shorter term; we may get lucky at the right timing to be Buy & Hold to suck good doses of Panadols and then finally ease heartache.
May be it is not so much about feeling more pain but sianz! Bang forehead instead banging heart! Many Alamak moments!
Over longer term; one has to be true Master in TA and FA skills to succeed in both market timing and time in the market! Uncle8888 is really suck at market timing over longer term where luck doesn't happen quite often in the market.
Investment portfolio building blocks
He knows what are the blocking blocks in his investment portfolio; but when will it collapse if he kept pumping out cash from his investment portfolio into his cash reservoir to fund household expenses.
When he looked at this chart; he really loves his dividends and interests as in his investment account book-keeping; they are always positive numbers! Shiok! LOL!
When his Top 2 positions Kep Corp and SCI are falling off from the sky.; hopeful becoming hopeless! Sibei sianz!
But, can old dog from those days of paperwork still learn new tricks in the new digital world?
Sigh!
Posts
Must have balls, when everyone is running out of a building perceived to be collapsing, and u go in the building
ReplyDeleteHi Uncle8888,
ReplyDelete"Over longer term; one has to be true Master in TA and FA skills to succeed in both market timing and time in the market"
I have a different take on this statement. :P
If your building blocks are individual stocks, individual bonds & counters, then yes, you likely need to be talented in FA/TA to succeed in the long term.
But if your building blocks are ETFs or even (shock!) high-priced UTs, then long-term success is easier.
Don't need talent in FA/TA. Just need simple wisdom & patience. However, many people just go for the flavour-of-the-month funds and put 50% or 100% of their cash into that 1 or 2 top performers at all-time-highs.
That being said, below is the "bad" active investing behaviour that I've been engaging in:
I've been selling 1%-3% of my tech holdings each week for the past few months, as they keep on hitting my overbought triggers (harvesting). My stocks to cash ratio is now even less than in end-Feb!
Yeah, I had wanted to stop harvesting & just let the fruits get over-ripe & drop on their own.
But the valuations & price actions have been too crazy. Cannot tahan liao. Too much of a good thing my brain also cannot take! LOL!
Let's see if Sep & Oct bring the traditional Great Stocks Sale, i.e. Halloween indicator.