Hello!
So, BEAR market, I was quite afraid of this at the start because I'm a newbie. As a newbie, I was bounded to make decisions based on my emotions.
When the STI dropped to 3200, I was heavily shocked. Because I vested when it was at its peak at 3400-3500. I suffered loss of around 6-7% then. And was very emotional, Scared and afraid. Almost sold all of my small holdings. Maybe it was a right choice then? Because STI continued dropped until 2528 at its lowest for this BEAR season so far.
But going on, I calmed down. There are downs, but there are also ups. I just need to be patient. I held on to this thought.
As the STI dropped. I started collecting STI ETF. $3.21 was my first entry point. Then $2.8, then at the recent $2.62. Averaging it down to approx $2.90 per unit @ total units of 1200 currently.
What's my stock pick for this Bear season? STI ETF.
Here are my reasons:
- I have a low budget. Not able to invest in the low $13.xx DBS or $7.xx OCBC. If not at most 100 shares. But STI ETF covers it all.
- Little monitoring required, schooling and working part time gave me little time. Time is precious, I don't have much time to keep monitoring every stock I want to get.
- Diversification easily. Different diversified sectors from STI ETF, from banks to commodities, etc.
- I would want to put Dollar Cost Averaging. But for this Bear Season, I'm not doing that. I'm just preparing my small warchest to buy when it hits certain targets. :)
Thats all for today! Hope you enjoyed my write up.
-YoungLearnsInvest96
Wednesday 24 February 2016
Friday 19 February 2016
About myself
Hello,
This is a new blog I'm trying to use to keep track of myself. My road to learning how to invest my money. I'm 20 this year, Born in 1996.
So more about me, I've been hooked on by investment last year, when I had spare cash. I thought, "Wah bank give me so little interest 0.05%" and thought "How like that? 0.05% give me 30cents sia". Then I sourced out and found investment blogs, hardwarezone stock forum, and started reading.
I've made mistakes from the day I started my first investment. Firstly, Emotional investing, Kanjiong spider style, dumb mistakes like buying after EX-Date to average down. Hahahaha I know...
My first stock was actually Starhub, I had quite the confidence in them until recently. Because for the past decade my family has been using Starhub as ISP & Cable TV. So I thought should be good, Take a look at their dividends. "Wah 5%! ($4.00 price at that time)". So I decided to buy. Luckily 1 Lot only (100 shares). It came quickly as it goes..., Last year Q1 or Q2 started loss, I thought "Oh never see them at IT Show promote, thats why no $$, so continue holding). $4 now become $3.43.
So what I have learnt is that do not buy so kanjiong, Read their financial records and statements, Financial information available easily. P/E ratio, etc. News about Telcos, etc. I think have quite a few more but not too sure about them. Still new in this area.
Alright... So until here for now. Will start to blog actively I hope.
Thank you for reading.
-YoungLearnsInvest96
This is a new blog I'm trying to use to keep track of myself. My road to learning how to invest my money. I'm 20 this year, Born in 1996.
So more about me, I've been hooked on by investment last year, when I had spare cash. I thought, "Wah bank give me so little interest 0.05%" and thought "How like that? 0.05% give me 30cents sia". Then I sourced out and found investment blogs, hardwarezone stock forum, and started reading.
I've made mistakes from the day I started my first investment. Firstly, Emotional investing, Kanjiong spider style, dumb mistakes like buying after EX-Date to average down. Hahahaha I know...
My first stock was actually Starhub, I had quite the confidence in them until recently. Because for the past decade my family has been using Starhub as ISP & Cable TV. So I thought should be good, Take a look at their dividends. "Wah 5%! ($4.00 price at that time)". So I decided to buy. Luckily 1 Lot only (100 shares). It came quickly as it goes..., Last year Q1 or Q2 started loss, I thought "Oh never see them at IT Show promote, thats why no $$, so continue holding). $4 now become $3.43.
So what I have learnt is that do not buy so kanjiong, Read their financial records and statements, Financial information available easily. P/E ratio, etc. News about Telcos, etc. I think have quite a few more but not too sure about them. Still new in this area.
Alright... So until here for now. Will start to blog actively I hope.
Thank you for reading.
-YoungLearnsInvest96
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