Hi Uncle8888
If you can relive the 07-08 period, what would you have done differently to prevent a plunge from 157% to 15%?
How did you derive the projected plunge value (41%)?
Seeking some enlightenments. :)
Uncle8888 started his journey in Jan 2000 at age 44 to pursue Financial Independence at Sep 2011 @ 55 years old through short-term trading and long-term investing. He then spent days and nights following news and forums. He read books on investing and trading books from NLB.
Read? Books from NLB
Who are we in the Market?
Young ones may want to check out their older relatives, colleagues, friends or whoever who are veterans in the market.
Uncle8888 with his hindsight wisdom and 20 years of data points will say it out : Mr Market will make us to think who we are in the Market and make us looking smart and act smart.
A multi-years of general rising Bull market will float many boats to multi-years high; and same as multi-years rising Bull sectors too. Currently; in this low or near negative interest rate environment; Mr Market is making which sector as King?
A good place to witness such exhibiting behaviour of Mr Market making retails proud, smart and mastery is to go to investing (trading) forums.
Below STI chart
Only look closely at Mr Market from 2003 to 2007
In 2007 Read? Chasing the last $100K (last mile) and may fall hard!
Mr Market from 2008 to 2011
Finally, he reached FI two years later in 2013 instead of 2011 as targeted.
Who has helped him to reach FI in 2013?
Mr Market!
Going down the Mountain is never same as climbing up Mountain so his bench-marking is different.
Going down Mountain, Uncle8888 is focusing on sustainable retirement income for life at net worth level i.e interests, dividends and divestment/draw-down of assets.
What is the Moral of the Story?
Posts
"What is the Moral of the Story?"
ReplyDeleteHmmm, start de-risking when approaching (or already reached) goal? ð
Then, if want to risk-on again ... know when and how much? ðĪŠ
How did STI look before & during the last 3 Big Bears?
Asian Financial Crisis
Dotcom Bust
Great Financial Crisis
How does STI look in Sep 2019?
STI is giving the "I'm still deciding which way to go" look LOL!
Oct anniversary market crash. Lol
DeleteYou likely to make money when you have war chest during market crash. I have witnessed one blogger kept buying when most of us in that chat box already out of bullets. In 2010 he started showing off his six digits dividend yield become. Lol
ReplyDeleteSorry. Six digits dividend income
ReplyDelete"in this low or near negative interest rate environment; Mr Market is making which sector as King?"
ReplyDeleteCo-working one of top 6 tenants of commercial properties
In the next recession a lot of these cash-burning no-profit coworking "unicorn" or "decacorn" companies will collapse.
Wonder what will be the impact to commercial & office reits? ð
Well said. When the tide goes out, we will see who has been swimming naked.
ReplyDeletesemi-naked can also be bad enough. :-)
DeleteHi Uncle8888,
ReplyDelete"Currently; in this low or near negative interest rate environment; Mr Market is making which sector as King?" Now start-ups are in the party's limelight. We've got to learn when the cycle is turning and know how to 'sector rotation' according to the market cycle.
hmm... so where are we now? How long more will the party last?
Sidetracking, does Spur have a blog?
ReplyDelete