i only buy when STI is below 3000
and i don't believe the tapering factors are fully priced in yet.
besides i'm not using leverage like your case, so no reason to risk my savings.
you should ask mr FATA to buy instead and see what's his response...
So now the question is will STI fall below 3000 again? At 3400, the P/E of the STI is only 14? Compare to the US index of 30? I don't know if you invest in US but I think US market is much more scary, can win a lot and can lose a lot.
Anyway, a lot of my friends and relative keep saying that STI at 3000 too high to enter previously, all very expensive and want to wait for crisis. Indeed anything you buy in crisis are cheap and you just have to hold through it and you will get almost 100% return. But trust me, maybe when crisis came, they will still tell themselves that it is not the lowest and they still waiting for a good time. And when the index start to improve, they will say it will drop again and they will wait. All these will repeat again and again and what will they gain? As compare to a person who buy at 3000 and later sell at 3400 for example. Who gain who lose? And some more the emotions during crisis may not be correct. What if the shares keep dropping and dropping, cut loss or hold? Or will the company will become bankrupt? So all these play an important roles when investing or trading. Never buy means no gain no loss. After buying and never sell means no gain no loss also.
So for now, I already invested 140k in the stock since December. Collected 4k dividends (thanks to DW's strategy) plus 120 profit from selling F&N. So I can say confidently that I profit $4120 from investing since December. If you keep waiting for it to drop below 3000, maybe really have to wait for crisis? US index already hit many record high but STI lehz? I am somehow optimistic about the market and of course hope don't have any big crisis like war or property bubble etc.
