Read? Cut your losses short and let your winners run???
Read? Singapore Stock Market Is Crap! Can Panda/Koala Investors Still Survive On Scraps???
Uncle8888 is trying to understand how veterans with decades of experience across market cycles in local market and in the recent years they are pointing to lousy SGX for their losses.
A) AS a seasoned stock market investor since the 1990s, Ken is no stranger to market fluctuations and paper losses. As of today, the 56-year-old has lost some S$300,000 in the Singapore stock market, while his investments in the United States and Hong Kong have given him sizeable profits. "Retail investors don't have much confidence here, they're getting toasted," he tells The Business Times. "I've lost so much money that I'm scared."
B) It is a similar situation for 65-year-old retiree CK Law. He has been investing since 2000, and has been more active in the stock market since his retirement last year. (Same time investing as Uncle8888 and same age some more)
The Covid-19 pandemic made things worse. Mr Law, who invests only in Singapore, is now staring at a "six-figure paper loss" while his friends are reaping gains from rallies in other markets around the world.
Since 1990s i.e. AFC, Sep 11 WTC, SARS, and GFC and since 2000 Sep 11 WTC, SARS, and GFC
How come?
Fail to let their Winners run but hold on their Losers?
What can we really learn from the news or nothing new to learn?
Posts
CW,
ReplyDeleteWhen we make money, its all skill! What has luck got to do with anything?
When we lose money, quick! Must find someone to blame! How is it my fault?
That's where voluntary contribution of CPF comes in? (Cough, cough)
This only works if one capitulates and realise they are not cut out for investing... Switch to Save More is nothing to be ashamed of. Its knowing who we are.
Or maybe this is a case of 1st year investing experience times 20?
If this article came out beginning of the year, got nothing to say.
But I seriously doubt these "veterans" are making money in HK stocks. I mean the Hang Seng is in a bear market from the February high... No thanks to China clamping down on Chinese tech stocks!
OK, if say US stocks outperform STI in 2021, I 100% agree!
STI? We have been mostly sideways for the year...
Then again, if one is a veteran, I doubt anyone would be chasing US stocks at this moment. Or?
I would think money making veterans would rebalance by taking some money off the table in US stocks and look for opportunities in the battered down China stocks listed in Hang Seng?
Buy low, sell high?
Blame my broker? who jio Panda into Lion HK Tech ETF investing and now it became worst performing position. Once bitten, twice shy. This time avoid Lion OSPL IOP. LOL!
ReplyDeleteCW,
DeleteActually, brokers and banks are good contrarian indicators.
They often package and introduce "new" investing products to the laggards.
When I read you've capitulated and bought into HK Tech ETF, I said to myself that will be bad for HK Tech stocks...
Just like if I capitulate and bought into cryptos, that will be the top for cryptos!
LOL!
Hi Uncle8888,
ReplyDeleteMy guess is due to all the usual behavioural & mental issues.
I mean if one buys the STI or replicates the biggest 10-20 constituents ... and simply hangs on, he or she will still see profits. Not great but still profits.
CAGR of STI capital gains from Jan 1990 to Aug 2021 is 2.4%. Throw in dividends & it'll be 5% - 5.5%
CAGR of STI itself from Jan 2000 to Aug 2021 is 1.1%. Total returns around 4%.
Hey, still higher than inflation LOL.
Of course cannot beat US markets, but that's opportunity cost & another issue.
Spur,
ReplyDeleteCannot.
If STI only compounds 4-5%, might as well just put money in CPF!
No worries. Snake oils will never do what you do.
We'll always use Jan 1998 or Jan 2003 as our index 100 :)
Mind part of investing or trading is very tough! Can attend courses, join Group Think forum/chat/social media or follow Gurus or Mentors made us mentally better prepared for investing or trading?
ReplyDeleteProbably; we need to track closely and record diligently all our transaction. Look at these records and look at Mirror and ask. Mirror, Mirror, Mirror how now? :-)