Bibi Wrote:Hill, i suggest you figure out what went wrong and read up on more value investing books. If still fail, i think Chialc suggestion is for you to buy property from him.
Bibi,
#1. I always think that every1 is unique. I do not want to give advise because I will not have enough details/profile of the value buddy to be able to give him some meaningful advise.
I can only give him/her my thinking process.
If it make sense to him/her then the discussion can go on with me understanding more before sharing my view.
Otherwise, just take my thinking process as something for your info and not to follow blindly. (that's my intention)
#2. market is craving for new meat to take part (as one of our senior value buddy described the 68k new CDP holder).
these new CDP holder can choose not to participate in the market and neither SGX nor BB can take their hard-earn $$$.
The only possibility to get them is to make them participate in the market.
Once they are in, then they will be subjected to news and rumors and will be eaten sooner or later.
If I had not been profitable in recent years, something is seriously wrong.
(you frequently see newbies blogging about their 2x begger or their stocks go up 30% in few months, is a testimony of how bullish is the current market)
I think that if one is not able to make a profits in past few years, something is seriously wrong.
Instead of continue to participate in the market, I will definitely stay out for a good while.
Besides, there are better way to spend the money (eg Europe holiday) than lost it to the market.
100% more satisfying - guarantee!
#3. Staying out of the market is to prevent people from taking away my money. Buying securities is actually buying risks (T reminded)
Love Compassion
I can not stress enough - Love & Compassion
Earth day - save the world everyday.