tag:blogger.com,1999:blog-1602023866179666640.post7502495909992611426..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Investing Made Simple by Uncle8888 (19)Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1602023866179666640.post-19674699523088922982011-07-14T22:26:26.819+08:002011-07-14T22:26:26.819+08:00Read?
http://createwealth8888.blogspot.com/2011/...Read? <br /><br />http://createwealth8888.blogspot.com/2011/07/simple-is-not-necessarily-simplistic.html?showComment=1310653539844#c1470344597416021496la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-12764072636657995162011-07-14T19:47:51.563+08:002011-07-14T19:47:51.563+08:00Read? http://createwealth8888.blogspot.com/2011/07...Read? <a href="http://createwealth8888.blogspot.com/2011/07/simple-is-not-necessarily-simplistic.html" rel="nofollow">http://createwealth8888.blogspot.com/2011/07/simple-is-not-necessarily-simplistic.html</a>Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-31998742829092753212011-07-14T16:35:48.461+08:002011-07-14T16:35:48.461+08:00Hi CW8888.
Actually, i have been "practising&...Hi CW8888.<br />Actually, i have been "practising" both conditions until now, for a US stock that was purchased once/month for only about a few months in 1983. i was working for a US company in Singapore then. Based on this US company historical stock's data, if i had joined this employee's benefit of subsidised stock purchase earlier by a year or less, this US stock alone will make me a Singapore's millionaire by now.<br />Alas! It is not meant to be.<br /><br />So both conditions can be true if you happen to buy Micro-Soft, or IBM during on its IPO and intend to put it on "DRIP" when available.<br />My US stock is still on "DRIP".<br />Ha! HA! <br />If only i worked for IBM or Micro-Soft. Don't even have to be at their IPO times.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-85677451486192562212011-07-14T14:32:25.004+08:002011-07-14T14:32:25.004+08:00Hello CW8888
Ah! I agree that to be right and sit...Hello CW8888<br /><br />Ah! I agree that to be right and sit tight despite the normal corrections along the way is hard to practice - but that's the way to multi-baggers! Respect and envy the multi-baggers you have! <br /><br />And good dividends to boot! I prefer your way of looking for earnings growth instead of most dividend players looking at 12 months trailing yields.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-42771398006037896702011-07-14T08:56:40.355+08:002011-07-14T08:56:40.355+08:00direction of the market price is simply unpredicta...direction of the market price is simply unpredictable. we can never know but guess.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-38172128041775957942011-07-13T21:48:39.031+08:002011-07-13T21:48:39.031+08:00Hi bro8888,
Perhaps 'useless' is a bit ha...Hi bro8888,<br /><br />Perhaps 'useless' is a bit harsh? It's more un-actionable, rather than useless. Actually I think an advice is more than just a one-liner. It may be catchier with a one-liner but the meaning is gone by condensing many conditions in which the advice applies into just one memorable sentence.<br /><br />When I say it's raining, bring an umbrella - that's a sound advice but it's not actionable. The question one will ask is how do we know when it will rain. You look at the clouds before going out, you check the weather forecast too, and if it's likely that it will rain, you bring out an umbrella. <br /><br />It's the same for the advice - be right and sit tight. How do we know if we're right? Your 2 conditions explain it further, and that advice is made more 'actionable' by the two conditions. <br /><br />But I would like to ask this: <br /><br />How do we know that the stock price doesn't look back to the purchase price level during correction? Has it not corrected to the purchase level or will it not correct to that level? Before it happened, it's impossible to tell, so it's only possible to say after it happened. <br /><br />If I bought A at $1 and it went up to $2, do I say that the price would not drop to $1 again, thus I would hold it tight? Look at cosco or swiber or longcheer or the infamous blue chip Chartered semiconductor. <br /><br />If I bought A at $1 and it went up to $2, and I sat tight and it came down to $1. Do I sell it because now the price of the stock went back to the purchase level, hence I conclude that 'buy and hold' is dead? What happens after I sell and it went back up to $3? Do I similarly lament that I shouldn't have sold it because 'men who are both right and sit tight are uncommon'.<br /><br />I hope you get the gist of my message.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.com