HONG LEONG FINANCE ???

[Kanko San]

What happened to Hong Leong Finance on Fri ?

Before ex dividend, happened to be just after my 55 years old.

Bought 100 lots around $2.30 to $2.40

Friday... came down $2.15

All my retirement money gone.

Look like I hv to work till 70 years old now .

 

[limster]

What happened to Hong Leong Finance on Fri ?

Before ex dividend, happened to be just after my 55 years old.

Bought 100 lots around $2.30 to $2.40

Friday... came down $2.15

All my retirement money gone.

Look like I hv to work till 70 years old now .

You use all your retirement money to buy 1 stock only? 100 lots = $230000 Why not spread the money among different stocks?

 

[Kanko San]

Hi,

Frd told me dividend is good.

NTA $3.78.

Now have to hold long long to $2.40

 

[Shion]

Just the usual movements of a stock.

Friend told you dividend good but friend got buy 100 lots also ?

 

[henrylbh]

You use all your retirement money to buy 1 stock only? 100 lots = $230000 Why not spread the money among different stocks?

Isn't it too late to comment. Anyway he could hold on to the shares like FD to get the 'good' dividend yield every year.

 

[Kanko San]

Hi,

I don't put maximum in CPF Life.

Pledge HDB, anyway not selling 30 years old flat.

Medisave got lock in $43,500.
Yet still hv to take complusory Medisheild n extra insurance coverage by NTUC.

Frd has also 100 lots.

 

[limster]

Isn't it too late to comment. Anyway he could hold on to the shares like FD to get the 'good' dividend yield every year.

Still not too late. My advice to him would be to diversify and not just hold $215k of HLF. Its still not too late to diversify. Not many people can sleep comfortably at night with their entire retirement savings in one single stock?

The wrong thinking is 'since i bought it, i'll just hold onto it' (aka 'sunk cost fallacy').

 

[OngHuatHuat]

A lot of high yield, defensive stocks suffer sudden drop on Friday, you are not the only one who suffered.

 

[spiritGate]

Have to understand the stocks that you are purchasing. Dont hard up on dividends!!!! This is the number one rule

Sent from sent from gagt using GAGT

 

[tiny]

What happened to Hong Leong Finance on Fri ?

Before ex dividend, happened to be just after my 55 years old.

Bought 100 lots around $2.30 to $2.40

Friday... came down $2.15

All my retirement money gone.

Look like I hv to work till 70 years old now .

How come your post sounds like an advertorial on the importance of buying a retirement "savings" plan?

 

[Asphodeli]

You lost $15k only...no big deal la, there are others who got bankrupt...suggest you just buy STI ETF and SG Govt bonds (ES3 and A35) in a mix of 50 : 50...less worries

Sent from Sony D5833 using GAGT

 

[kehyi4]

"friend said so" is always a valid reason for making 6-figure investment decisions

Trust your friend, he'll never be wrong

 

[Squaredot]

$2.40 to 2.15 x 100 lots is 25k loss.

Have to work till 70 for this loss? you serious or joking?

 

[henrylbh]

Still not too late. My advice to him would be to diversify and not just hold $215k of HLF. Its still not too late to diversify. Not many people can sleep comfortably at night with their entire retirement savings in one single stock?

The wrong thinking is 'since i bought it, i'll just hold onto it' (aka 'sunk cost fallacy').

So he should realise some loss and diversify? He might lose even more.

The way I see he must have considered very carefully before dumping that sum on a single stock for a consistent annual dividend yield of more than 4%. If he sticks to it, unlikely he will suffer capital loss in the long term as HLF dividend has been consistent for many years. The chances of the price going up is much higher that going down in the long term as the current price is historically low.

 

[Genosis]

Hi,

Frd told me dividend is good.

NTA $3.78.

Now have to hold long long to $2.40

Ur friend sabo u.....

The 3 local banks are better especially during their lows in Feb this year

 

[Shion]

1 thing I am curious is - is this the 1st time TS you invest in stocks ?

 

[Kanko San]

Hi......

Many times when we sell,

The stock price goes up again.

Many times when you hold,

It drop further.

Another frd told me.... sell all and bet on foot ball Euro 2016.

Leave in the bank ... 1.5%

Hard life for common people like me to retire.

Look like many have to work like cows n horses ,
While some Big Shot's get more than $2 to $3 million a year.

 

[Kanko San]

So he should realise some loss and diversify? He might lose even more.

The way I see he must have considered very carefully before dumping that sum on a single stock for a consistent annual dividend yield of more than 4%. If he sticks to it, unlikely he will suffer capital loss in the long term as HLF dividend has been consistent for many years. The chances of the price going up is much higher that going down in the long term as the current price is historically low.

To me....,Rolling stones gather no moss.

Is like if you buy TOTO or 4D, buying 100 sets will still depend on luck.

Instead of buying $1 on 50 no, why not buy $50 on 1 no ?

 

[Shion]

Hi......

Many times when we sell,

The stock price goes up again.

Many times when you hold,

It drop further.

Another frd told me.... sell all and bet on foot ball Euro 2016.

Leave in the bank ... 1.5%

Hard life for common people like me to retire.

Look like many have to work like cows n horses ,
While some Big Shot's get more than $2 to $3 million a year.

Ask your friend to stop daydreaming

 

[Shion]

To me....,Rolling stones gather no moss.

Is like if you buy TOTO or 4D, buying 100 sets will still depend on luck.

Instead of buying $1 on 50 no, why not buy $50 on 1 no ?

You will burn money faster if your number does not even appear in 1st prize