Quote:
Originally Posted by warbird
Hi bro Dragonkeep,
Ths for sharing ur ST n BY experiences.
Hi bros ME, besafe, smartke n newbieboy,
Ths all of u for ur expertise in investing n trading.
IMHO, it's an exercise in futility to try to forecast the market. Buffett has never met a man who could do it consistently.
In long-term investing in equities, the only way to make money consistently is to buy undervalued stocks of high quality companies, n hold on until they become very overvalued. It may take 10 yrs. But one must know the co n its value very well.
Market crash? It's great news! I'm waiting to buy on deep discounts n I'll back up the truck (or shall I say lorry?).
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Great to see this thread double-up as a quasi-investment guru resource too. Kudos to ya Mr WB for nurturing it.
IMHO the old adage, "buy low, sell high" generally makes sense. However, just like the Art of Bao, easier said than done.
The other wise saying to invest "when there's blood in the streets" is also a great piece of advice. I recall when SARS hit in '03, Changi Airport became a ghost-town and Iraqi War II started at one go, SQ stocks dipped to 9.00+/-. Imagine having the spare cash then ... heard that the Kennedy family made it all thanks to stock bought during the 1929 Great Depression!
So, keep some piggy bank money around when you hear the markets getting spooked, Al-Queda getting adventurous, Europe wobbling, the Kims playing dangerous games at the Korean borders, etc. - short of total national (not likely to happen to SG for the time being) or catastophic global financial collapse (govts seem to be on guard against a reprise of 2008), events like that signal a good time to buy, contrary to the general mayhem and panic around us when these things happen. The trick is to assess the resistance level to the "bad" event in question. Again, IMHO, seldom does a speculator get the exact level right ... just before my last honeymoon with my FZ baoee in SHG, I closed an exploratory buy of 5 SQ lots at 15.60 not long after the North Korean shells landed on the wrong side of the ceasefire line, the next day the friggin stock continued to sink, to the 40s. But sure enough, with some good US data emerging and the Irish debt contained and with the markets still fluid, the price was back in the 90s and touching the low 16s, I dumped the SQs.
BTW to all the experts out there, do share any good locales for discreet (i.e. fairly safe from "cover-being-blown" places) but fun outings for PRC baoees ... I sent my "local" baoee home to Sichuan to facilitate my year end sojourn with OC and my descendants and she'll will come back to SG after X'mas (so I told her) - need to have some fun nightlife with her outside of the bedroom ... still have a couple of FBs in attendance in this period in case of a need for carnal variety pending her return, but I kinda like taking that tall, leggy Sichuan babe with a sweet smile out 'cause of her aesthetics, especially when she dolls up.