(15-05-2013, 10:03 AM)CityFarmer Wrote: [ -> ] (15-05-2013, 09:56 AM)Ben Wrote: [ -> ] (15-05-2013, 09:48 AM)CityFarmer Wrote: [ -> ]IIRC, Warren Buffett always sold not on highest, and bought not on lowest. So does it make him a fool? Hmm... i am convince he is not. what do you think? 
Yes, you are right, it is impossible to sell at the highest and buy at the lowest. I am just being grouchy. In fact, I wanted to sell when it hit my target price of $1.2, so I already got more than what I asked for. 
With your logic, i am a greater fool, since i sold mine at $1.2 ha..ha..
I had divested due to higher M&A and transitional risks, and better choices available elsewhere.
(not vested)
As in many things in life, the key is to make a decision (based on diligently doing our research) and move forward. Every step we take, there'll be choices to be made ie. move forward, backward or stay put. There's no absolute right or wrong. A wrong can become a right and vice versa, depending on what we do or don't do next. There're many who keep looking back, always with many deep regrets. The end result is either being immobilised with fears of moving forward or falling into a shxx hole as they were too engrossed looking backward to see the dangers in front of them...
Back to the subject of Singpost. I must have sold all mine by the time it hit $1.20. The last managed ones (for my in-law) was at $1.32 recently. Any regrets? I guess it's hard to be totally immuned to regrets but, more importantly, what did (or will) I do with the money??
Today's high could be tomorrow's low, vice versa.
Haha, when my mum I. Law ask me for safe stocks with good dividends, I told her to buy singpost at 1.08. I told her if it falls further, dun panic, u can still feed off the dividends and if price is low enough accumulate further. When the price reach 1.2, she ask me can sell? I say no point, buy for dividends, take your time. When it reach 1.3, she ask again. I says dun speculate la, wait for quarter report. When I saw the report, I didn't bother to look at the price as I though the price would surely fall. But to my amazement, it went north instead!! So I told my mum in law u can sell now. The risk reward profile has tilt to unfavorable ... But I told her, when u sell it might still shoot up, and I borrowed d.o.g words, when I sell, it will go up, as I can't sell at the top. Truth enough, it went to 1.4 from 1.36. But the best part is, I was suddenly treated to bird neat yesterday dinner!! She thanks me for helping her make money from the stock market.
(15-05-2013, 10:38 AM)Greenrookie Wrote: [ -> ]Haha, when my mum I. Law ask me for safe stocks with good dividends, I told her to buy singpost at 1.08. I told her if it falls further, dun panic, u can still feed off the dividends and if price is low enough accumulate further. When the price reach 1.2, she ask me can sell? I say no point, buy for dividends, take your time. When it reach 1.3, she ask again. I says dun speculate la, wait for quarter report. When I saw the report, I didn't bother to look at the price as I though the price would surely fall. But to my amazement, it went north instead!! So I told my mum in law u can sell now. The risk reward profile has tilt to unfavorable ... But I told her, when u sell it might still shoot up, and I borrowed d.o.g words, when I sell, it will go up, as I can't sell at the top. Truth enough, it went to 1.4 from 1.36. But the best part is, I was suddenly treated to bird neat yesterday dinner!! She thanks me for helping her make money from the stock market.
Congratulation!
Well deserved bird-nest dinner. Any more bird-nest stock?
Ha! Ha! Just for laugh. And your MIL is quite wise indeed.
wahh nice, the bird's nest sounds good ^^ your MIL is so nice~
(15-05-2013, 09:15 AM)NTL Wrote: [ -> ] (14-05-2013, 11:14 PM)Temperament Wrote: [ -> ] (14-05-2013, 10:43 PM)NTL Wrote: [ -> ] (14-05-2013, 09:23 PM)Temperament Wrote: [ -> ] (14-05-2013, 06:13 PM)greengiraffe Wrote: [ -> ]Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
I always believe it's the big Fishes (Sharks) that moves the market to either extreme. And the small fishes are herded as sacrificial morsels. That's my strong conviction for years. Correction! Since day 1. of my investment.
Let us be Remora then!
Ha! Ha!
i just learn a new word.
You are right. We have to learn from Remoras in order to swim with the sharks. How clever of you to to let me know your plan.
On the other hand i may be one of the Remora who has amnesia due to too many "market-extreme psychology traumas."
Sorry for those who like to see quantitative analysis of stock only. (You read at your own risk. Don't complain please.)
We like to talk-cock (bits & pieces) about the psychology of investing and understanding the market general behaviour.
We can always analyse a stock later (at our own risk) if we want to buy it.
Arikato!
How about doing it this way:
- Know (guess) where the sharks are going
- Stuck to the sharks as they come along
- Let the sharks bring you to where you want to go
- Meanwhile feed on the remains of the sharks' food
- When reach destination, let go
- Wait for the next shark to come
Hmmm... wait a minute, is that investing or speculating?
Hmm...
i think neither. It's having a psychology advantage of understanding how the market behaves. So you won't be caught by surprise (with your pants down), i suppose. That's all.
In my personal experience, I've come to realise that buying at bottom and selling at top is what I call "cocktail talk". Interesting chit chat topic to impress but usually serves little purpose to overall portfolio or net worth. Usually I would just smile when I hear these kind of cocktail talk but if we want to be mean, the next question would be: "So how much % does it add to your net worth?"
Classic example is Oei made $7m in AIG shares buying near bottom and trumpeted the donation, whilst lost $1b in FX. $7m is huge in absolute amount but small to his net worth.
(15-05-2013, 09:15 AM)NTL Wrote: [ -> ] (14-05-2013, 11:14 PM)Temperament Wrote: [ -> ] (14-05-2013, 10:43 PM)NTL Wrote: [ -> ] (14-05-2013, 09:23 PM)Temperament Wrote: [ -> ] (14-05-2013, 06:13 PM)greengiraffe Wrote: [ -> ]Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
I always believe it's the big Fishes (Sharks) that moves the market to either extreme. And the small fishes are herded as sacrificial morsels. That's my strong conviction for years. Correction! Since day 1. of my investment.
Let us be Remora then!
Ha! Ha!
i just learn a new word.
You are right. We have to learn from Remoras in order to swim with the sharks. How clever of you to to let me know your plan.
On the other hand i may be one of the Remora who has amnesia due to too many "market-extreme psychology traumas."
Sorry for those who like to see quantitative analysis of stock only. (You read at your own risk. Don't complain please.)
We like to talk-cock (bits & pieces) about the psychology of investing and understanding the market general behaviour.
We can always analyse a stock later (at our own risk) if we want to buy it.
Arikato!
How about doing it this way:
- Know (guess) where the sharks are going
- Stuck to the sharks as they come along
- Let the sharks bring you to where you want to go
- Meanwhile feed on the remains of the sharks' food
- When reach destination, let go
- Wait for the next shark to come
Hmmm... wait a minute, is that investing or speculating?
I think that is called knowing our place and being smart... EVEN when INVESTING.
Your well described picture is indeed very wise and often it takes years to realise it
(16-05-2013, 09:33 AM)specuvestor Wrote: [ -> ]In my personal experience, I've come to realise that buying at bottom and selling at top is what I call "cocktail talk". Interesting chit chat topic to impress but usually serves little purpose to overall portfolio or net worth. Usually I would just smile when I hear these kind of cocktail talk but if we want to be mean, the next question would be: "So how much % does it add to your net worth?"
I know this is OT, but I think this is very true. Most people say things just to impress; for me I'd rather just continue the grind and ensure I get the returns I am comfortable with. No need to try to impress people I don't know with statements which can hardly be ever true!
(16-05-2013, 12:39 PM)peterlim1983 Wrote: [ -> ] (16-05-2013, 09:39 AM)Musicwhiz Wrote: [ -> ] (16-05-2013, 09:33 AM)specuvestor Wrote: [ -> ]In my personal experience, I've come to realise that buying at bottom and selling at top is what I call "cocktail talk". Interesting chit chat topic to impress but usually serves little purpose to overall portfolio or net worth. Usually I would just smile when I hear these kind of cocktail talk but if we want to be mean, the next question would be: "So how much % does it add to your net worth?"
I know this is OT, but I think this is very true. Most people say things just to impress; for me I'd rather just continue the grind and ensure I get the returns I am comfortable with. No need to try to impress people I don't know with statements which can hardly be ever true!
Totally agree music, let's keep this altruistic! I'm new to this thing, but been reading you guys for a while, look forward to your investing insights! 
Welcome on board Peter Lim. I am speculating that you are Peter Lim borne in 1983? (, and very unlikely the 52-year-old's Peter Lim that in trouble now
)