I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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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

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Value Investing
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Saturday 12 May 2012

Do you ask your barber whether you need a hair-cut?

Just For Laugh ...

Major STI data points since 1990


STI is down only -4.7% from its recent high of 3,026. Technically, STI is not in the Bear market yet.

Recently, I have been receiving a few email from readers asking for advice like:

  1. To cut loss now???
  2. To average down at support levels???

These are two tough questions to answer. Why?

Read? Stop loss?

Read? Average down?

Do we ask our barber whether we need hair-cut?

Another question not so tough to answer. Is STI going down further???


See for yourself! The above table.

I can only help by showing you the STI past history of Peak to Low days. Currently, it is only 58 days from its recent peak of 3,026. More days to go?????

How many more days before STI will rebound back to the next peak?

Do you own intelligent guess by looking back at history?

Any clue may be your own good clue.


Posted by Createwealth8888 at 22:08
Labels:

4 comments:

  1. CreateWealth888813 May 2012 at 10:53:00 GMT+8

    Let us start guessing where will be STI bottom out?

    ReplyDelete
  2. Singapore Man of Leisure13 May 2012 at 11:02:00 GMT+8

    Good one CW8888!

    I am guessing those who wrote to you must have started out "investing" after 2009 - they have not experienced what is a real crash of more than 50% down...

    Less than 10% down I don't even consider that a correction. It's just a "pause".

    Veterans who survived anyone of 1997, 2000, 2008 would know what to do now :)

    That's the advantage of experience.

    However, I lament that I've lost the advantage of "youth" - not knowing what cannot be done.

    Missed all those 10 baggers in less than a month with the recent penny plays... The curse of knowledge and experience!

    I am sure quite a few newbies have beaten us recently in % terms if they had participated in the run of the pennies ;)

    LOL!

    ReplyDelete
  3. CreateWealth888813 May 2012 at 11:37:00 GMT+8

    Youths of today are so lucky as they can easily tap the shoulder of veterans in the stock market by asking. You don't even need to know who are they. I could easily avoid making many more mistakes if I am youth today. LOL!


    Like what Newton said: "If I have seen further it is by standing on the shoulders of giants."

    Read? Value Investing Or Active Investing? - Part 2

    ReplyDelete
  4. Kyith13 May 2012 at 13:19:00 GMT+8

    why guess. we will never know. think i am going to lose all my money this time.

    ReplyDelete

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