I have been working on my SUM on getting a good yield for past months but couldn't get a good discount on equity that i am comfortable with. Every time i look back to 2008 financial crisis price and i will shook my head. If i have done so and so, i would have been shaking leg like AK do. Well not exactly like him. But you know what i mean ?
Fast forward today, chance upon it, thanks to Shang Hai Stock bubbles and slow demand, the world in chaos. FEAR set in. What-if the market falls further ? A dead cat bounce ? Past data may not correlate to today ?
No Action is an Action too !
A check on the STI chart there is a huge gallop dive. I decided to take additional position in STI index. A spread out stake in Banks, Telco and the Blues. A calculated risk but likely help me support at least average 7% returns as the upside is very good for mid to long term even if it falls further.
good job :DReplyDelete
over at thebluefund we are also nibbling some. Will be nibbling more again when STI dips below 2800.
Feed on the fear and profit from the greed.
We can also try to re-balance our fund to the segment preferred. The only cost is transaction which is still manageable.ReplyDelete