Did you invest in Econ Healthcare’s IPO?
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When it comes to investing on SGX, I’m not a fan of companies who delist
only to re-list again later. Which is why I avoid their IPO, and tell you
guys I h...
5 hours ago
CW,
ReplyDeleteYour young colleague "investor" has a "soft" ear... Who is to say in another 1-2 years, he meets another person more charismatic or persuasive he wouldn't switch strategy again?
Although I'm not a big fan of passive indexing, to properly evaluate it, we need at least 1 bull/bear cycle, preferably 2 - which means 10 years' time frame?
Its clear he started near the top of the STI cycle hence the mediocre performance. But its less than 2 years of track record... If he had started in 2009, he would be singing praises to passive indexing!
It took 20 years to validate your style of DIY Panadol investing with extra rounds of 1,2,3 trading for extra kick. It just took a few months for your young colleague to "validate" it?
Was it the Trump rally or was it strategy? Causation or correlation?
What happens if we have a plain vanilla bear market of minus 20%? Throw away the strategy?
LOL!
Shhh ... Like that how to have free lunch or dinner.
DeleteOh! Sorli, sorli!
Delete"Stick out tongue"
Very interesting.
ReplyDeleteYou remind me of everyone of us is subjected this "lottery of investing"
That is:-
How to avoid sequence-of-return risk.
http://www.marketwatch.com/story/how-to-avoid-sequence-of-return-risk-2013-09-28
It’s important in comedy. It’s equally if not more important in retirement. In essence, we’re talking about the timing of your retirement and how much you plan to withdraw from your retirement accounts.
"Get the timing right and your money is likely to last over the course of your household’s entire retirement. Get the timing wrong and your money, sorry to be the bearer of bad news again, isn’t going to last over the course of your lifetime.
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Temperament,
DeleteWow! You good! Its a 2013 article!!!???
Either you have the memory of an elephant, or you are super organised with your bookmarks ;)
Yup, if after 30 years of investing (passive or active) you call it quits in 2007, you are smiling all the way.
Call it quits in 2008 your portfolio would have been 50% smaller :(
It's like a coin flip no?
What i am saying is actually when a person started and ended in his investing journey will tied to his sequence-of-return risk for the whole journey.
ReplyDeleteMay be some of you miss his point that monthly DCA doesn't work well like the Preacher's saying that passive investing doesn't care about market timing.
ReplyDeleteInvesting is about market timing!
CW,
DeleteNow I'm with you ;)
DCA and passive indexing is like faith. You'll only know for sure 20-30 years later when you plan to call it quits and retire.
STI near all time high - heaven! Its better to be lucky than smart ;)
STI near all time low - well... try going back for your money back guarantee... What guarantee? Its based on faith. Look ma! No brains needed remember?
Passive indexing is driving using the rear view mirror. You are betting what works for the past 30 years will work for the next 30 years. Its just simple straight line extrapolation.
He can consider using 'Chan Channel" to invest STI ETF.
ReplyDeleteInvest and accumulate when the index is below mean.
http://www.ycchan.net/LRTheory.aspx