Aug 25, 2015

Cory Diary : Market Fear

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.


Cory 20150825

2 comments:

  1. good job :D

    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.

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  2. We can also try to re-balance our fund to the segment preferred. The only cost is transaction which is still manageable.
    Cheers !

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