Read? DBS : Sold @ $19.88
Alamak!
Sold @ $19.88 and today DBS hit day high of $22.63
The truth about holding a multi-bagger : Time in the market or timing the market?
Time in the Market
Your realized gains started off as Panadols; and after Point X, Panadols turned into Golden eggs.
Your multi-bagger is an illusion until you have realized your gains somewhere near historical high stock price; and also you have retired from the stock market and never look at the stock market ever again. Otherwise, your multi-bagger is just an illusion of wealth in the stock market!
17 years of holding DBS
Real ROC on total dividends collected is 171%
Illusion of wealth ROC : 192%
Time in the Market and timing the Market
Timing the Market will make your multi-bagger gains real!
The moral of the story : We have to be good at time in the market and then be better at timing the market.
Posts
I retired from looking at DBS after grabbing it in 2008 and have never look at it again. Lol.
ReplyDeleteGood! You are happy man now!
DeleteFinancially contented but plague with poor health. :( Down with gout again. Lol. Must be stay too long at home.
DeleteOne grand old uncle (80+) told me this. The same old uncle who held APB for XX years and lost count of how much money he has made.
ReplyDeleteYeap! Old uncle finally retired from looking at APB when it was sold to Thai Brev and was delisted. LOL!
Read? The Investing Stories Behind Singapore's STI Blue Chips
u no more holding dbs stock?
ReplyDeleteOne position for long term golden eggs and Round 23 still in play
DeleteNo problem looking at market to make our mind active during retirement.
ReplyDeleteGot alamak, aiyo, Heng ah moments. Quite fun