*Official* General Market Chit Chat Thread

[ValueInvestor]

“Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.”

said by warran buffett

 

[StragenKreuss]

Actually, it's best you experience it for yourself. FA or TA, all can learn from books and websites. Only when you put $$ in, then you know what kind of investor you are.

That said, it's really cheap to get your feet wet with SCB/IB or even BCIP, bonds etc...

All the theory is useless. Actually put in your money and really start to see your balls shrink when prices drop. It's the real test of your mettle.

 

[ValueInvestor]

Hi guys, franzz the noob here again.

I'm just curious if you all the old birds mind sharing your experience during the great financial crisis or any other great misadventure that new birds can learn from?

saw STI fell from 3800 to 2700
thought was cheap so bought my virgin stock sti etf
STI continued to fall to 1500

lesson learn

cheap can be cheaper
MUST have Holding Power!
don't sell out in fear, especially if u are confident of the fundamentals
as market goes lower, keep buying... such opportunities come in once in a few years or a decade

 

[Genosis]

This is the best time to go holidays, the market so flat.
No eyes see. *yawn*

Yup. Use some of my dividends to do some Xmas shopping suah!

SATS divvy coming on Fri

Going for lunch now!

 

[Adenovirus]

Yup. Use some of my dividends to do some Xmas shopping suah!

SATS divvy coming on Fri

Going for lunch now!

Speaking of SATS, the food I was served days ago on SQ was turrible... Literally almost as bad as SAF cookhouse food

 

[tiny]

STI heading back towards 2900 level

doesn't feel like STI will crash below 2800 level riao

Janet Yellen talking in two weeks time.

 

[Shion]

Speaking of SATS, the food I was served days ago on SQ was turrible... Literally almost as bad as SAF cookhouse food

SAF cookhouse food is from SFI

What do you think ?

 

[havetheveryfun]

All the theory is useless. Actually put in your money and really start to see your balls shrink when prices drop. It's the real test of your mettle.

its easier to see ur ball shrinks when u still have some cash on hand and dont need to panic sell ur stocks for emergency cash..

 

[Average]

SAF cookhouse food is from SFI

What do you think ?

They are well loved by dear soldiers. Dun believe u check the cookhouse surveys.

Sent from your gal next door using GAGT

 

[ValueInvestor]

Janet Yellen talking in two weeks time.

been waiting till neck long liao hahahaha

 

[starfish.starfish]

Hi guys, franzz the noob here again.

I'm just curious if you all the old birds mind sharing your experience during the great financial crisis or any other great misadventure that new birds can learn from?

I will recommend 2 things to do now:
1. Start compiling a list of stocks that you want to buy or aim to buy.
2. Start compiling the list of stocks that you have bought on hear-say, gut feel, gossip-vine and sell them off.

When you feel like the sky is dropping and world coming to an end, pull out the first list, and buy them.
Pull out the 2nd list, and congratulate yourself that you have sold them off already.
These will avoid you panic buying or selling at that time when emotion will be your worst enemy.

 

[Sinkie]

saw STI fell from 3800 to 2700
thought was cheap so bought my virgin stock sti etf
STI continued to fall to 1500

lesson learn

cheap can be cheaper
MUST have Holding Power!
don't sell out in fear, especially if u are confident of the fundamentals
as market goes lower, keep buying... such opportunities come in once in a few years or a decade

sometime whether to kio from market low is all about timing and age..

i started working and accumulate some warchest during 2007 then started investing at the top.. jin emo one..

whereas dividend warrior started accumulating his warchest much later, and when he was ready to kio, it was already at market low, and without fear and experience, manage to go kio at low.

that downturn, i was super broke sia becos of contra loss, have to sell my holding to pay off losses...

lucky the downtrend lasted 15 months, enough time for me to re-accumulated my warchest to kio back below 2000, then the rest was history..

but **, when i was kio-ing, i was really very nervous, everyday glue to cnbc read news cause if sti really continue to downtrend and break 1000, i think i will go bedok reservoir jump liaoo

 

[ValueInvestor]

sometime whether to kio from market low is all about timing and age..

i started working and accumulate some warchest during 2007 then started investing at the top.. jin emo one..

whereas dividend warrior started accumulating his warchest much later, and when he was ready to kio, it was already at market low, and without fear and experience, manage to go kio at low.

that downturn, i was super broke sia becos of contra loss, have to sell my holding to pay off losses...

lucky the downtrend lasted 15 months, enough time for me to re-accumulated my warchest to kio back below 2000, then the rest was history..

but **, when i was kio-ing, i was really very nervous, everyday glue to cnbc read news..

yeah really see timing and age

DW was very lucky to start investing at the lows 2008-2009 period, the reit that he bought was like 9%-10% yields... sibei song

I still remember 2007 I had to hold my portfolio 2 years+ then recover........

2011 european crisis I also tio hit, held 1 year or so till recovery

end of the day holding power really important

power of CD also important... the index going nowhere in terms of capital gains, but if every year get 5% dividends at least the portfolio give u some returns

 

[winorlose]

sometime whether to kio from market low is all about timing and age..

i started working and accumulate some warchest during 2007 then started investing at the top.. jin emo one..

whereas dividend warrior started accumulating his warchest much later, and when he was ready to kio, it was already at market low, and without fear and experience, manage to go kio at low.

that downturn, i was super broke sia becos of contra loss, have to sell my holding to pay off losses...

lucky the downtrend lasted 15 months, enough time for me to re-accumulated my warchest to kio back below 2000, then the rest was history..

but **, when i was kio-ing, i was really very nervous, everyday glue to cnbc read news cause if sti really continue to downtrend and break 1000, i think i will go bedok reservoir jump liaoo

That time kena margin call until no $$$ to kio.

Force sell all holdings and swear not to touch stocks ever again..


U see now? still continue to FIFO.. haiz..gambler hands.. too addicted liao

 

[ValueInvestor]

sometime whether to kio from market low is all about timing and age..

i started working and accumulate some warchest during 2007 then started investing at the top.. jin emo one..

whereas dividend warrior started accumulating his warchest much later, and when he was ready to kio, it was already at market low, and without fear and experience, manage to go kio at low.

that downturn, i was super broke sia becos of contra loss, have to sell my holding to pay off losses...

lucky the downtrend lasted 15 months, enough time for me to re-accumulated my warchest to kio back below 2000, then the rest was history..

but **, when i was kio-ing, i was really very nervous, everyday glue to cnbc read news cause if sti really continue to downtrend and break 1000, i think i will go bedok reservoir jump liaoo

I got a friend contra till owe brokerage house 6 figures, become delinquent...

end up he borrow $$ from mom to pay off all debt

during super bull anyhow contra also make $$$, but when GFC came... really flush ppl out gao gao

 

[ValueInvestor]

That time kena margin call until no $$$ to kio.

Force sell all holdings and swear not to touch stocks ever again..


U see now? still continue to FIFO.. haiz..gambler hands.. too addicted liao

hahahaha

mai gamble liao

buy blue chips and hold for long term

SURE HUAT $$$$$$$$$

 

[Sinkie]

yeah really see timing and age

DW was very lucky to start investing at the lows 2008-2009 period, the reit that he bought was like 9%-10% yields... sibei song

I still remember 2007 I had to hold my portfolio 2 years+ then recover........

2011 european crisis I also tio hit, held 1 year or so till recovery

end of the day holding power really important

power of CD also important... the index going nowhere in terms of capital gains, but if every year get 5% dividends at least the portfolio give u some returns

yeah, that time i remember when i had my first brokerage account, sti was like 3200.

i really kio all without fear, kio and kio, drop how much, i also kio like you all, then my portfolio started to grow, and felt very confident. then see people hoot contra so easy make money, and then go hoot contra also..

i remember i got hold a bloomberg magazine, it was talking abt the pending debt issue, 6 months before the lemmann brother crisis, then i tell myself, sti 4000 must sell all

but i grew very confident, cos contra, as long can hold until t+5, surely can make money, and so keep hoot

hoot until one weekend can contra paper loss $18,000 lol

 

[Sinkie]

That time kena margin call until no $$$ to kio.

Force sell all holdings and swear not to touch stocks ever again..


U see now? still continue to FIFO.. haiz..gambler hands.. too addicted liao

yeah, same.. bcos i tell myself, the day i quit is the day my losses become realised

 

[havetheveryfun]

donno what to buy leh.. like buffet spread but not enough mouths

 

[StragenKreuss]

yeah really see timing and age

DW was very lucky to start investing at the lows 2008-2009 period, the reit that he bought was like 9%-10% yields... sibei song

I still remember 2007 I had to hold my portfolio 2 years+ then recover........

2011 european crisis I also tio hit, held 1 year or so till recovery

end of the day holding power really important

power of CD also important... the index going nowhere in terms of capital gains, but if every year get 5% dividends at least the portfolio give u some returns

That time I only just started working, no warchest at all. Later then found out about scb trading, apply and slowly add in monthly dca. If that time sti 1500 already working, think I would have almost $700k now already.