History has proven again and again that great buying and investment opportunities emerge when the stock markets and prices crash. I suppose many serious and seasoned investors - including me! - are just hoping and waiting for this to happen.
(04-02-2014, 07:45 AM)felixleong Wrote: [ -> ]US down 2% last night, bear bear lai liao
Haha bro.. You have been encouraging in this forum. Correction to bear.. A bit too much pessimism ?
Is the market in the midst of crashing ?
Is the market having a correction ?
Bottom fishing or knife catching is any body guess.
(04-02-2014, 07:51 AM)dydx Wrote: [ -> ]History has proven again and again that great buying and investment opportunities emerge when the stock markets and prices crash. I suppose many serious and seasoned investors - including me! - are just hoping and waiting for this to happen.
Every buddy would do well to heed this.
Just came back from a morning kopi roundtable with some senior colleagues who have been in the market for a long time. Must add that said colleagues aren't professionals. There is some fear in the market right now.
I think the ones who aren't happy right now are those with almost all bullets in the market. Those with substantial amounts in cash before this are going to be really happy.
(04-02-2014, 12:34 AM)Big Toe Wrote: [ -> ]Maybe it's coincidence. Falling stock prices is in tandem with falling property prices.
The only one that's defying gravity is car prices. While valuation is not excessive on the stock market,
the same cannot be said for the property market. If the economy holds up well, we might see gradual softening
of property prices. If it does not, there will be much more pain/$ lost on property than on the stock market.
i think it's no coincidence. Property, Stock Market & Economy are always dancing in tandem. They maybe dancing out of tandem for some reasons in rare case but will soon all fall in-line. imho.
Anybody care to share wat strategy they plan to adopt to buy in a falling mkt?
I am thinking of buy sti etf in batches of 5% of my portfolio for every 5% drop.
STI broke support level, some analyst even saying 2700 level possible?
be greedy if others are fearful?
(04-02-2014, 09:41 AM)felixleong Wrote: [ -> ]STI broke support level, some analyst even saying 2700 level possible?
be greedy if others are fearful?
felix - i think the idea of intrinsic value comes into play. do you consider the STI cheap? if so, by what measure?
i have been doing pyramid down buying all the way until my knee trembles. i think 99.9% of financial Text Book is definitely against this practice. Thank God, i still survive. (i am not talking about buying STI ETF).
The problem is pyramid up buying is not psychological wired into me.
i have yet to try.
i think if you succeed in buying pyramid 54321, it's much better than 12345. It looks the same isn't it? Or is it? Because up buying means you are always in the money. You buy from the "bottom up" price wise. Or the market is turning, heading North and the stock has shown resilience and most probably you have witnessed where the falling knife has stuck) imho.