Someone asked him ... "When will you sell your Kep Corp?"
He will definitely sell those positions that are supposed to be sold; but he didn't like the idea of cutting losses to add more cash to his growing War Chest. His idea about cash may not be commonly understood by some retail investors.
Why cheer yourself over a bigger war chest when you are already struggling with lack of buying ideas?
Can we ever recover by cutting losses into cold hard cash by locking in negative return?
Remember, the stock market is unpredictable. Salted fishes can come back alive. It not just happen; but it keeps happening many times!
There will be right time at your own time to cut losses and switch horses as we don't need to win back the same way as we have lost them.
Now, look at the chart. You can suggest or hint to him when is the right price to sell all?
NTA (Net Tangible Asset) at 31 Mar 15 is $5.92
Total dividends received for FY 14 is $0.12 + $0.36 = $0.48
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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