*Official* MasterLeong Thread - Part 2

[Average]

Day Change = (+0.16%)
P&L = (+0.35%)
P&L + Dividends = (+1.06%)
P&L + Dividends + Closed = (+2.88%)

mkt red, no problem! cdg can tank

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[MasterLeong]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

 

[stam]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

He stay all out for 5 years!?!?

Posted with My iPhone 7plus HardwareZone Forums app

 

[Average]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

his strategy is not wrong...

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[yihao93]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

As Long as he has a clear number definition of what a crash is
It's all good

 

[zzxiaoboizz]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

is like ur friend say this stock super good
u ask him how much he has put in
he tell u 0

 

[Layers]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

he won't buy when the time comes

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[Mancunian2]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

I am that friend ?

 

[Perisher]

Maybe your friend should ask himself how many 50% crash did he ever went through all his life? Does he have that long to wait for another?

http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

50% crash or more may be rarer than he thinks.

 

[Mancunian2]

Maybe your friend should ask himself how many 50% crash did he ever went through all his life? Does he have that long to wait for another?

http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

50% crash or more may be rarer than he thinks.

I went through 2, in 1998 and 2008

maybe that is why I never go in 100%,
always have varying amounts of cash not less than 50%

 

[lbs]

I went through 2, in 1998 and 2008

maybe that is why I never go in 100%,
always have varying amounts of cash not less than 50%

sibei laojiao man
so did you go >50% in during the crash

 

[tanjiakpeng]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

if the definition of missing the boat = opportunity cost. you're right.

BUT, we need these people around, purely based on their overconservative nature which works to the advantage of sg banks.

which banks in the world have 50% of deposits paying 0.25%, and people continuing to dump money in just for that 0.25%?

huat ah sg banks!!!

 

[mazatsushi]

Woot I am finally back, after a soul crushing period at work!

A small post from one of our friends to celebrate and facepalm at

my calculations indicated that it's equivalent to buying a $10k zero coupon bond with yields of 5.28% pa, and with maturity of about 14months

 

[bobbytkc]

if the definition of missing the boat = opportunity cost. you're right.

BUT, we need these people around, purely based on their overconservative nature which works to the advantage of sg banks.

which banks in the world have 50% of deposits paying 0.25%, and people continuing to dump money in just for that 0.25%?

huat ah sg banks!!!

I think singaporeans in general just don't get the idea of compound interest and inflation.

They think leaving money in the bank is the safest, when ironically, it is basically a guaranteed way of losing your money due to 1-3% inflation per year.

 

[Perisher]

I think singaporeans in general just don't get the idea of compound interest and inflation.

They think leaving money in the bank is the safest, when ironically, it is basically a guaranteed way of losing your money due to 1-3% inflation per year.

Ya, this concept is hard for some to understand. They rather see $$ is there no matter if it is losing value.

 

[Mancunian2]

sibei laojiao man
so did you go >50% in during the crash

1998 I did, but my total net worth then was only $30k, came out 1 year later close to $80k

2008 was bad timing for me, bought a house and had very little cash left

 

[Perisher]

1998 I did, but my total net worth then was only $30k, came out 1 year later close to $80k

2008 was bad timing for me, bought a house and had very little cash left

wah, flip 100%+ in one year, not bad.

 

[Layers]

Ya, this concept is hard for some to understand. They rather see $$ is there no matter if it is losing value.

yea hard time argueing with parent. I manage to 30% of thier cash put in uob. One, ocbc 360, 3% invest in reits . N u know wat. My dad say I keep taking their $

Nan zuo ren

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[Weaboo]

yea hard time argueing with parent. I manage to 30% of thier cash put in uob. One, ocbc 360, 3% invest in reits . N u know wat. My dad say I keep taking their $

Nan zuo ren

Sent from Sony E6853 using GAGT

Must show them the power of dividends and capital gains

 

[V_for_Vanilla]

I have this friend who keeps tell me that he will go all-in and buy big when the next crash comes.. he has been saying this for like 5 years plus already....
during 2011-12 period the STI fell from 3300 level to 2700... he didn't buy... missed the boat...
during 2015-16 period the STI fell from 3500 level to 2500... he didn't buy also... missed the boat again...

till date he still telling me that he predict STI will eventually crash 50% then he will go in and buy up stocks big big...
what do you think of him? do you have any friend that is like this?

That's me. And I missed the corrections of AFC and to a lesser extent the GFC. Have since learned to just stay invested and ignore the short term market movements.