BTW you people know that the market crashed today?
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gone...
but if you are deep in debt, you cannot afford to wait... the banks and the brokers will come after you... and force you to sell.... at the bottom....Originally posted by storywolf:Friend, market alway full of waves one lah !!! One wave come and you think end of the world ..... don't worry lah it is just trigger actions only... after a while people will push back all the prices up again. -
my pick Keppel Corp....but regret sell too early b4 it hit $20++ and stk spilt
miss some gd picks due to some ill advices fm frenz, colleaguez, forgot to buy & some other commitments
what goes up mus cum down
my theory: paper loss is stil a loss, paper gain is not a gain. set a limit for a % u willing to loss...there is something called "opportunity cost" -
another economic crisis?
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your plan sounds good on paper but in reality, due to many other considerations, can be a very dangerous strategy...
this one is much better... wait until the market is down and out... buy any blue chip stock with "extra" savings... totally forget about the market.... do your work and try to advance your career... be a good and kind person and you will get out at the right time because you are good and kind and good karma is on your side...
pls bless the South Koreans hostages...
Words of Blessing for South Koreans Christians held hostage -
just to add... if you do not have "extra savings" work harder and save more...
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nodsOriginally posted by sillyme:Have not crash yet what. My portfolio is still higher than it was two years ago.
If you are a long term investor, don't panic.
i only got 4 counters under my belt...genting was a mistake... lol. jasper can be easily sold...dont think it will drop much anyway. plato cap is a penny, results coming out on august, cross fingers toes eyes that it will be good results. addval is a growth stock, so hopefully something happens and it rockets.
now market drop, wait for the lowest low liao, then start buying in. even if it drops loewr also nevermind, just remember u bought at low liao.
hopefully my addval goes up...haha i invested heavily on it. lol. -
Originally posted by jay_rocks:another economic crisis?Originally posted by AndrewPKYap:with regards to the topic title: "Will there be another Financial Crisis?" my observation is that when everyone is expecting it, it won't happen for the simple reason that people are expecting it and taking preventive measures.
Sure, there will be fall outs but not to the extent of a full blown FINANCIAL CRISIS.
Individual crisis, definitely. Only the individuals (or individual countries, individual companies) can prevent it, like making sure that their cash flow will not be affected so badly by the fall out until it brings them to their knees.
What you can do is ensure that your personal debt level is affordable and can withstand reasonable shocks. -
ok thx.Originally posted by AndrewPKYap:
early in the morning see this thread, i thought going to be economic crisis again.. scare me. thought we can buy cheap stuffs again. -
not any blue chip, must be market leader, with a sound history and price must be undervalued...
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As long as you do not use borrowed money... and use only your "extra savings" whatever strategy is ... acceptable...Originally posted by bladez87:nods
i only got 4 counters under my belt...genting was a mistake... lol. jasper can be easily sold...dont think it will drop much anyway. plato cap is a penny, results coming out on august, cross fingers toes eyes that it will be good results. addval is a growth stock, so hopefully something happens and it rockets.
now market drop, wait for the lowest low liao, then start buying in. even if it drops loewr also nevermind, just remember u bought at low liao.
hopefully my addval goes up...haha i invested heavily on it. lol.
You strategy of adding more and more when you lose is really, especially, is very dangerous if you are using borrowed money...
edited to add this quote:
and highlight this part...Originally posted by bladez87:not any blue chip, must be market leader, with a sound history and price must be undervalued...
"As long as you do not use borrowed money... and use only your "extra savings" whatever strategy is ... acceptable..." -
now kinda regret no sell my addval and take my profit go buy PS3...now can only buy psp
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bought @ single digitOriginally posted by AndrewPKYap:your plan sounds good on paper but in reality, due to many other considerations, can be a very dangerous strategy...
this one is much better... wait until the market is down and out... buy any blue chip stock with "extra" savings... totally forget about the market.... do your work and try to advance your career... be a good and kind person and you will get out at the right time because you are good and kind and good karma is on your side...
pls bless the South Koreans hostages...
Words of Blessing for South Koreans Christians held hostage
got a mixture of stk fm diff industry...nt actively trading...could haf made handsome profit if bought on inside info...the share few fold from 2 yrs ago
agreed if u...focus on work...Never say no time, just ask whether there's heart...Ask not how much has been done -
will it affect current property prices?
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very likely if the market stops going up... and very badly if the market backs down to below 2000... nobody knows for sure... just make sure you are not heavily indebted...Originally posted by missqi:will it affect current property prices? -
By work, I mean your day job.. not your stock market homework!!!! If you stare at the screen everyday and worry about the market all the time... you are most likely an addict and addicts always suffer badly!!!! Just to clarify...Originally posted by greyskymorning:bought @ single digit
got a mixture of stk fm diff industry...nt actively trading...could haf made handsome profit if bought on inside info...the share few fold from 2 yrs ago
agreed if u...focus on work...Never say no time, just ask whether there's heart...Ask not how much has been done -
tks for clearifying...am referring to my full time day work....its where my bread & butter cum fromOriginally posted by AndrewPKYap:By work, I mean your day job.. not your stock market homework!!!! If you stare at the screen everyday and worry about the market all the time... you are most likely an addict and addicts always suffer badly!!!! Just to clarify... -
yup...once market crash, those who cant get out in time, will 1) not sell thus no $Originally posted by missqi:will it affect current property prices?
2) sell and make loss thus keeping money in bank
so property market will cool down...
once stock market crash, it will start a series of negative chain reactions -
if drop to below 2000 a lot of people will make headlinesOriginally posted by AndrewPKYap:very likely if the market stops going up... and very badly if the market backs down to below 2000... nobody knows for sure... just make sure you are not heavily indebted... -
Work harder and smarter (but not so hard until you peng sang) so that you can afford a bigger piece of bread and a thicker piece of butter...Originally posted by greyskymorning:tks for clearifying...am referring to my full time day work....its where my bread & butter cum from -
got better offer...but stay at current co thou lots of office politics & many problems...try to stay neutral if possibleOriginally posted by AndrewPKYap:Work harder and smarter (but not so hard until you peng sang) so that you can afford a bigger piece of bread and a thicker piece of butter...
encouraging my junior to leave cos she cant cope with the politics thou haf to help overlook & took over some of the jobscope... -
smlj 50? 50 millions?Originally posted by AndrewPKYap:50
NO! Not predict the market right.... just feel so lucky got out in time before this last two days crash... you never know, after this crash, then maybe even go higher than what we sold? hahahahaha I am not going to even care... I earn my living from working smart, not gambling in the stock market...
if the market or I should say, when the market becomes down and out I will consider buying again.. that might be a fews years later... or I might buy Thailand because of their troubles there... hahahaha buy when nobody wants and sell when everyone excited...
whatever I do it will never kill me or burn me... that is the key to making money in speculative markets... there is no chance for error... even if the companies of the stocks I buy close down, I am fine. How to lose?
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sianz
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Go beyond the politics... it can be done... but hard to tell you how in a forum...Originally posted by greyskymorning:got better offer...but stay at current co thou lots of office politics & many problems...try to stay neutral if possible
encouraging my junior to leave cos she cant cope with the politics thou haf to help overlook & took over some of the jobscope...
If it were so easy to go beyond the politics, you would have known it already. I just want you to know that it is possible. -
Originally posted by Stoat:smlj 50? 50 millions?
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Where is the rock bottom?Originally posted by richong 3216:It's not a crash but a correction - how long it will last or get worse or recover is left to be seen.
For those who have spare money, get eady to jump in when the prices r at rock bottom. Best of luck to every investor.
Maybe you can tell us when it hits.
Hehehe.........