Economy slowdown

[jit singapore 1]

[QUOTE=hamlinlau;3114853]Bro Jit... I do applause your 'general' advice to masses to save money and be disciplined when trading in stocks. Simply to 'buy low and sell high' is not the best way to encourage people to enter the stock market. You are not being responsible these areas.

Dear bro hamlinlau and all,

Just share with you 2 examples of the stocks that I recently bought:

16th September, bought in 50 lots SGX at $5.96
16th September, bough in 100 lots SingTel at $3.20
22nd September sold 30 lots SGX at $7.00 and 20 lots SGX at $6.98, gained around $50k.
22nd September sold 100 lots SingTel at $3.54, gained around $34K.
30th September, bough in 50 lots SGX at $6.20, keep to date. (Dividend at $0.29 per share in coming 2 weeks, $0.29 x 50000 shares = $14.5K).
30th September, bought in 100 lots SingTel at $3.03
02nd October, sold 70 lots SingTel at 3.23, gained around $14K.
03rd October (this morning), sold another 30 lots SingTel at $3.22, gained around $5.7K.

I do have the SPH share that I bought on year 2006 2nd August, 100 lots at $3.90 hold till today. (Dividend around $0.08 to 0.09 twice per year, more than 10K dividend I received. Better than I put fix deposit in bank)

That’s why I always emphasize:
a) Buy when low, how low means’ low? When everyone said die liao die liao, market collapse liao. Jobless here and there, economy down down down. This is the golden time for you to buy share.
b) Cash. Cash cash cash……cash is king, (save your $$$ every month, in Malay said: sedikit sedikit, lama lama jadi bukit. In English mean, keep little bit little bit, for long period, it'll be a mountain) . Use your extra cash to buy share on this golden period and
c) Wait patiently, 1 month, 2 month or may be 1 year, 2 year, 5 years……. Market sure up, which is so call cycle.
d) Sell in 30%, 40%, 50% or 100% after gain??? Depend to how far / high the risk you can take it. My advices for newbie, 30 – 40% gain, sell. Do not be GREEDY.

If possible, please do some home work. No free meal on this world.
Just my 2 cents opinion. Don’t flame me

Wish all of you enjoy your coming weekend.

[K9696]

Originally Posted by hamlinlau

Bro Jit... I do applause your 'general' advice to masses to save money and be disciplined when trading in stocks. Simply to 'buy low and sell high' is not the best way to encourage people to enter the stock market. You are not being responsible these areas.

1. buy low - very good idea but you did not say what to do when the prices go down another 20-50%.. People will panic. And if you dont do your homework they might buy into companies that are in the red..

2. You never once highlight to the masses the holding period.. even my 8yr old son (after playing some computer games) can tell me to buy and hold cos he understands what goes up will come down.. but I had to tell him in the stock market what goes down can go down further and then get delisted or bankrupt.
Even if you do make money for a particular trade, it does not necessarily equate to you making money. Simple example - you invest 10k in a stock and it stayed in the negative zone for 3 years and you get out on the 4th year at 12K. Yes you made 2K profit. As a seasoned investor I say that's a stupid trade. 4yrs you made 2k with 10k capital on a bear turn bull market is peanuts! Your risk reward ratio to hold that stock for 4yrs is nothing.. I would say I get better ratio betting on some EPL games!

3. 'You never lose' this sweeping statement took away all the creditability you had gained so far. Not even George Soros nor Warren Buffet dare to make such statements. I have nothing to say to that...

If you really have the intention to share your experience here you would be more detailed in your statements. Support your principles with some fundamentals or strong arguments. The more I read on your post the more I feel that you are just trying to feed your ego here. All I can say is that most of the people here are a lot smarter than you think. Correct me if I am wrong here....

----------------------------------------------------------------------

Bro... agreed with you fully...
I also invest in shares... so your statement speaks all my sentiment..

buy low - very good idea but you did not say what to do when the prices go down another 20-50%.. People will panic. And if you dont do your homework they might buy into companies that are in the red.
<Especially this sentence... I once also the person you mention.. but now
after go thru so much... I learnt my lesson well>

Thank you.

[hamlinlau]

Originally Posted by jit singapore 1

That’s why I always emphasize:
a) Buy when low, how low means’ low? When everyone said die liao die liao, market collapse liao. Jobless here and there, economy down down down. This is the golden time for you to buy share.
b) Cash. Cash cash cash……cash is king, (save your $$$ every month, in Malay said: sedikit sedikit, lama lama jadi bukit. In English mean, keep little bit little bit, for long period, it'll be a mountain) . Use your extra cash to buy share on this golden period and
c) Wait patiently, 1 month, 2 month or may be 1 year, 2 year, 5 years……. Market sure up, which is so call cycle.
d) Sell in 30%, 40%, 50% or 100% after gain??? Depend to how far / high the risk you can take it. My advices for newbie, 30 – 40% gain, sell. Do not be GREEDY.

If possible, please do some home work. No free meal on this world.
Just my 2 cents opinion. Don’t flame me

Wish all of you enjoy your coming weekend.

Hahahaah going thru individual trades? Wah... you sure have a lot of cash

Lets get things right. From the very beginning, I am not trying to prove you wrong.. I am saying you should not generalize your statements.. as you post more you are sounding more like those RMs trying to hot sell their products without giving the masses the risks involved. However you are finally telling people 'If possible, please do some home work. No free meal on this world.'

Just to show you what I am trying to relay across .. looking only at the positions you have squared.

50 lots SGX at $5.96 = 298,000
100 lots SingTel at $3.20 = 320,000
50 lots SGX at $6.20 = 310,000
70 lots Singtel at $ 3.03 = 212,100

Total investments = 1,140,100

According to your post you have made 50 + 34 + 14 = 98,000k

Nett return = 98k in a week. Good number but not very good numbers when the total invested is 1.1 million! You have taken your profit under 9%.. in a very volatile market. That risk is very high and capital investment is also very high.

I'll give you a little light to what I have done. I have sold 90% of my holdings in Jan2008. I cant seeem to find an explaination why I kept that last 10%.When Bearstearns' collapse did not show signs of the Credit crunch easing I decided to to short the indices thru futures and put warrants. I am still nett short HSI at 21000 and Nikkei 225 at just above the 13k mark. My average capital 10k per trade, stop loss 100% away. You can compare the risk reward and calulate the returns ?

Again, the morale of the story is not the numbers.. but the principles you have to follow so you wont get burnt. Learn to the skill sets before you jump into it.. Not eveyone is like Mr 'BIG' jit Singapore 1 here. Not everyone has trading accounts that runs into the millions and nor the cash to hold the possitions if the trades go against you. Mr 'BIG' jit has a huge pool of resources and 2 gurus behind him (his dad and grandma) something the general masses do not have. One word of warning, trading in indices is far more volatile than single stock names, please do your homework properly.


Lastly, I have just reduced my current exposure by 50%(protect profit & reduce risk) in anticipation that the House of Representatives will clear the Bailout Plan this evening. If it fails to go thru I'll short more again

This is my last post here on this thread. Thank you very much for the entertainment

[DTCEPL]

Wow this thread got so many financial gurus and millionaires around.

The only 'short' I have is my POSB account is always short of money to clear the GIRO standing order Whahaha

Anyway nice to learn some investment tactics here....If you earn tons of money....you are named a guru.....If you one day fall.....you are named an idoit..... its just a thin line between a guru and an idoit.

For me.....I am happy with a couple of dollars in my wallet to get me through the day because I do not know whether I will wake up the next day....cheers.

[Alkano]

Let's hope there is no global meltdown.
Situation is quite volatile..

[jit singapore 1]

Hi bro hanlinlau and all,

Ok well actually I am here just sharing my investment experience.

This topic is "Economy slowdown" and alot of ppls complained that money not enough and inflation keep going up and up until "tak boleh" tahan......

I am here just suggest everyone here must do something for your own, like to invest in share, ocos we might invest in other thing as what you like or you familiar to increase your $$$.

Yup, I do agree, I am the so call lucky person with two supporter behind me. I am not here to ask people to invest as big amount as me. As I mention earlier, we can start invest in small amount (extra cash if) if you do not have big extra cash. Like what I said also, "sedikit sedikit, lama lama jadi bukit". Don't be greedy, keep your profit little by little and wait for the golden timing to invest again.

Only with doing some investment, you may increase your "wealth" to cover the inflation.

If you never do anything for your own (unless you are very rich enough), you'll always meet the "money not enough" problem.

Why must do some "research and study" before invest? Ans: Is for better return. If never do any "research / study" you may only invest in share market when "bear" coming, like what happening now.

Hi bro hanlinlau, thanks for sharing your opinion. We are not arguing here right! We here just shring.....Nice to share with you...... Have a nice week end to you

[topcook1]

STI has fallen below 2300 pts....siao liao...

[Fauxpas]

Originally Posted by DTCEPL

Wow this thread got so many financial gurus and millionaires around.

The only 'short' I have is my POSB account is always short of money to clear the GIRO standing order Whahaha

Anyway nice to learn some investment tactics here....If you earn tons of money....you are named a guru.....If you one day fall.....you are named an idoit..... its just a thin line between a guru and an idoit.

For me.....I am happy with a couple of dollars in my wallet to get me through the day because I do not know whether I will wake up the next day....cheers.

Hey bro ..... You said it nicely. I like your attitude and of course agree with you. When will all these "financial gurus" and "experts" here learn that Greed is still one of the 7 Deadly Sins? I don't mean to lecture and what they do with their money is their business but seems like we have not really learnt any lessons from all the past downturns. Or can we blame this thinking on the kiasu phenomenon? Let's hope no one will jump off tall buildings in the next few weeks/months!! Cheers.

[Vectra]

Dun worry too much lah. Just enjoy while you can.

[topcook1]

Originally Posted by Alkano

Let's hope there is no global meltdown.
Situation is quite volatile..

Me too hoping for the best...

[HeadOn]

no one actually can predict how the economy will go...700B package is approved by congress, but so what?..The deal is to purchase toxic debt out of financial co balance sheet but it doesnt really help the economy though the revised package include tax cuts. Credit n loan will still be hard to secure. Big tic items demand will fall, including housing prices. Consumers will be more stringent as they will purchase less (partly due to more savings n hard to secure loan). Overall, US economy will heading twds recession for sure. This in turn will dampen global export. Dun forget, EU is also heading twds recession

For sg, our economy is pretty much export generated. Although we diversify our export destination in these few yrs, we still have to see the face of US economy. With US & EU heading twds recession, there's no way China & India (they themselves also facing a slow down) n Middle East mkt can help compensate....

I think the best way now is to consume what is necessary. Rest save up for rainy days..

[fl_slayer]

[QUOTE=jit singapore 1;3115442]

Originally Posted by hamlinlau

Bro Jit... I do applause your 'general' advice to masses to save money and be disciplined when trading in stocks. Simply to 'buy low and sell high' is not the best way to encourage people to enter the stock market. You are not being responsible these areas.

Dear bro hamlinlau and all,

Just share with you 2 examples of the stocks that I recently bought:

16th September, bought in 50 lots SGX at $5.96
16th September, bough in 100 lots SingTel at $3.20
22nd September sold 30 lots SGX at $7.00 and 20 lots SGX at $6.98, gained around $50k.
22nd September sold 100 lots SingTel at $3.54, gained around $34K.
30th September, bough in 50 lots SGX at $6.20, keep to date. (Dividend at $0.29 per share in coming 2 weeks, $0.29 x 50000 shares = $14.5K).
30th September, bought in 100 lots SingTel at $3.03
02nd October, sold 70 lots SingTel at 3.23, gained around $14K.
03rd October (this morning), sold another 30 lots SingTel at $3.22, gained around $5.7K.

I do have the SPH share that I bought on year 2006 2nd August, 100 lots at $3.90 hold till today. (Dividend around $0.08 to 0.09 twice per year, more than 10K dividend I received. Better than I put fix deposit in bank)

That’s why I always emphasize:
a) Buy when low, how low means’ low? When everyone said die liao die liao, market collapse liao. Jobless here and there, economy down down down. This is the golden time for you to buy share.
b) Cash. Cash cash cash……cash is king, (save your $$$ every month, in Malay said: sedikit sedikit, lama lama jadi bukit. In English mean, keep little bit little bit, for long period, it'll be a mountain) . Use your extra cash to buy share on this golden period and
c) Wait patiently, 1 month, 2 month or may be 1 year, 2 year, 5 years……. Market sure up, which is so call cycle.
d) Sell in 30%, 40%, 50% or 100% after gain??? Depend to how far / high the risk you can take it. My advices for newbie, 30 – 40% gain, sell. Do not be GREEDY.

If possible, please do some home work. No free meal on this world.
Just my 2 cents opinion. Don’t flame me

Wish all of you enjoy your coming weekend.

i am sorry u are so cocky so much so my fingers cant control to zap u........

i agreed with u, stocks are at rock bottom , ppl with spare cash can pick up any shares from the market and start making some without even had to know wat to buy...

but some how or rather i dun think u really know wat is share market about judging from ur theory...

pardon me i just think u are just talking big only........50 lots sgx 100 lots singtel share...............bla bla to me u r just a newbie in stock market trading with retail counter........shame on u

[Hoegaargen]

With the current stock situation and also the current milk scandal i think soon, more country will be affected.

[kim-seng-heng]

Bro jit singapore 1 since you are a great short term investor..Kindly do PM me what stcoks should I buy or sell and give me the exact timing. Dont wait til market has close trading then tell me what u had buy or sell okie.....

[jit singapore 1]

[QUOTE=fl_slayer;3119592][QUOTE=jit singapore 1;3115442]

i am sorry u are so cocky so much so my fingers cant control to zap u........

Moring bro fl_slayer,

Aiya I just share the really thing, share how (or many way) that we can make extra $$$ beside our full time job for our better future especially we are the one living in high standard country, "Singapore". If you and others bros think I am talking "big" then I got no choise loh, I just share my experience..... If you think you want to zap me just becos I sharing here or may be you think I talk "big" then carry on loh....... I learn something here, just zipppppp my mouth and don't show up if you got any good lobang or suggestion.... Anyway, still Wish you have a nice day and happy "cheonging"