Thank you very much for the kind feedbacks.
After listening to all the inputs and some thinking on my part, I have sold off all my holdings. That is because it does not serve my initial purpose of purchase anymore. I'm looking for something that pays better than CPF and maybe if luck allows, some capital gain. Unfortunately, it got from bad to worse after I purchased them during the early 2011.
I understand that SMRT is still a profitable company and may recover a few years down the road. If that do happens, maybe I might consider it once again.
As for now, I will just stem the losses by cutting it away than to bleed a slow death. Of course if its share price jumps back up (my stocks often do...
) after I cut, I can only congratulate those who are still holding or jump in at a low price.
Lesson from this experience... If one stock do not serve your purpose of buying anymore, cut if must. Do not hesitate. This hesitation cost me around 2k. Guess good lessons don't come cheap.
Lastly, let me thank you guys again for your valuable inputs. I really appreciated them.
sadly, not a insignificant portion of investors of smrt are the man on the streets. they are not rich n can't afford to lose much yet just want to make their money work harder than placing it in cpf. alas, even this previously thought very safe recession proof type of stock will leave them with a bitter feeling.
i can understand why this counter has fallen so much.
(03-05-2013, 09:28 AM)pubster Wrote: [ -> ]Thank you very much for the kind feedbacks.
After listening to all the inputs and some thinking on my part, I have sold off all my holdings. That is because it does not serve my initial purpose of purchase anymore. I'm looking for something that pays better than CPF and maybe if luck allows, some capital gain. Unfortunately, it got from bad to worse after I purchased them during the early 2011.
I understand that SMRT is still a profitable company and may recover a few years down the road. If that do happens, maybe I might consider it once again.
As for now, I will just stem the losses by cutting it away than to bleed a slow death. Of course if its share price jumps back up (my stocks often do...) after I cut, I can only congratulate those who are still holding or jump in at a low price.
Lesson from this experience... If one stock do not serve your purpose of buying anymore, cut if must. Do not hesitate. This hesitation cost me around 2k. Guess good lessons don't come cheap.
Lastly, let me thank you guys again for your valuable inputs. I really appreciated them.
Hi pubster,
Wondering if u have a house already or planning to get one? Asking because I also used to buy stocks with CPF money (unisteel, old chang kee and so on) but later on realize maybe it's better just to use it for property only.
Hi pubster,
Sorry to hear of your loss.
Investing is never easy and straightforward, even with detailed analysis. I guess sometimes it also requires one to take a step back and think about issues which may not be readily apparent. Sometimes consensus views may not be accurate as the herd tends to behave and think in a certain way; granted it is not always easy to dissociate yourself from the herd and think of issues objectively.
But it is a necessity if we want to be successful over the long-term in investing and in growing our money above the CPF and inflation rates.
All the best for your future investments.
Hi pubster,
I borrowed a statement from Joel Greenblatt on selling.
"Trade the bad ones, and invest in the good ones"
You had a story to buy SMRT, and after the story became irrelevant, than sold it. It sounds rational. You had traded the bad ones (SMRT) and invest in the good ones (CPF saving).
Best wish for future investment.
Build portfolio, not individual stocks. In a portfolio, you win some you lose some. Nobody can win in ALL stocks.
(03-05-2013, 09:28 AM)pubster Wrote: [ -> ]Thank you very much for the kind feedbacks.
After listening to all the inputs and some thinking on my part, I have sold off all my holdings. That is because it does not serve my initial purpose of purchase anymore. I'm looking for something that pays better than CPF and maybe if luck allows, some capital gain. Unfortunately, it got from bad to worse after I purchased them during the early 2011.
I understand that SMRT is still a profitable company and may recover a few years down the road. If that do happens, maybe I might consider it once again.
As for now, I will just stem the losses by cutting it away than to bleed a slow death. Of course if its share price jumps back up (my stocks often do...) after I cut, I can only congratulate those who are still holding or jump in at a low price.
Lesson from this experience... If one stock do not serve your purpose of buying anymore, cut if must. Do not hesitate. This hesitation cost me around 2k. Guess good lessons don't come cheap.
Lastly, let me thank you guys again for your valuable inputs. I really appreciated them.
Quote:This hesitation cost me around 2k. Guess good lessons don't come cheap.
To tell you the truth, (may it be a consolation to you) though everything is relatively speaking, one day you will realize losing 2K is very cheap as a tuition fee, if you can manage to invest in the stock market for the rest of your life, you will definitely prosper.
Shalom.
NB:-
My
balance portfolio shows i am losing about 15K. Because i have of course made some mistakes and not willing to cut losses. i am still trying slowly to sell off some of my "profitable stocks". One of the reason, i am not cutting loss is i have bought some highly cyclical companies too "early". And i have the financial capability to wait if i want to. Hope you keep your faith in your investing journey.
Amen.
(03-05-2013, 11:00 AM)Temperament Wrote: [ -> ]My balance portfolio shows i am losing about 15K. Because i have of course made some mistakes and not willing to cut losses. i am still trying slowly to sell off some of my "profitable stocks". One of the reason, i am not cutting loss is i have bought some highly cyclical companies too "early". And i have the financial capability to wait if i want to. Hope you keep your faith in your investing journey.
Amen.
Hi Temperament,
May I know what a "balance portfolio" is?
(03-05-2013, 10:49 AM)violinist Wrote: [ -> ]Build portfolio, not individual stocks. In a portfolio, you win some you lose some. Nobody can win in ALL stocks.
this is an excellent approach and put you in the right mindset to cut losses quickily and buy slowly. One of the advise from the pros that I have read. I wish I have this done much earlier in my investment days. Also important to do this well is make sure your portfolio is not lopsided.
(03-05-2013, 11:03 AM)Musicwhiz Wrote: [ -> ] (03-05-2013, 11:00 AM)Temperament Wrote: [ -> ]My balance portfolio shows i am losing about 15K. Because i have of course made some mistakes and not willing to cut losses. i am still trying slowly to sell off some of my "profitable stocks". One of the reason, i am not cutting loss is i have bought some highly cyclical companies too "early". And i have the financial capability to wait if i want to. Hope you keep your faith in your investing journey.
Amen.
Hi Temperament,
May I know what a "balance portfolio" is?
Sorry, i may have misused the word balance. i mean those stocks still remain in my portfolio after selling all the way from 2010 till now.