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03-05-2013, 12:06 PM
(03-05-2013, 11:54 AM)NTL Wrote:Sorry, i think i have let you mistaken me somehow or somewhere. Though my remainder portfolio is losing money i have over-all realised portfolio gain UTD from 2008 till now.(03-05-2013, 11:00 AM)Temperament Wrote:Hi Pubster,(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.
To comfort you further, my "education fee" is even larger. Easily twice or more than that of Temperament. But hey! I learnt my lesson, and is doing much better in the past 2 years! I even recoup my losses and make at net profit!
What is most important to note is you will make mistakes in individual stock purchase but despite of it you should still make money over all your portfolio.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.