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10-05-2013, 10:14 AM
(This post was last modified: 10-05-2013, 10:15 AM by Temperament.)
(09-05-2013, 11:49 PM)CY09 Wrote: My personal view of COE is it has a medium correlation with market sentiments. When market are overly irrational/exhuberent as evident by stock prices, so too are our COE prices. When Mr. Market gets too depressed like in 2008,2000, 1998, so too are our COE prices. Now because of cheap credit and people chasing their dreams, COE prices are shooting up. And if i were to venture a guess, COE will rise over the entire year and PAP wouldn't even bother putting in cooling measure for this "asset".
To me, COE has the price of an equity and yet is a depreciating asset. For those hoping to own a car, follow Warren Buffett's advice: "When people are greedy, be fearful and when people are fearful, be greedy." It totally makes sense in almost every asset class (COE included)
When the "BIG TIDE" comes everyone thinks he is a genius. If the tide ebbing normally, most people are safe. But if tide turns suddenly into a Tsunami.........
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.