When market crashes, it's either a boon or bane for investors. For the former, investors take the opportunity to purchase new or accumulate more of their stocks which they have strong convictions in. As for the latter, its a doomsday for them.As for me, I belonged to the former school of thought. It's time to deploy my 'dry powder' in phases to my current stocks (US/SG stocks). For my ETFs and crypto, I've been DCAing continuously.I always remember this 2 quotes which I came across in youtube which motivates me in my investment journey.i) Bull market makes one rich whereas bear market makes one wealthy.ii) Recession makes new millionaires always..
In Dec 2021, I bought some of $Merck(MRK)$ stocks about $70+. A few days later,the price dips and continue to do so for few months after a lot of bad publicity in the media about the company regarding the failure of its Covid pill was published. I told myself that once the price reaches slightly above my cost price, I will sell off all of it. Finally, I managed to sell it off within a month. I should have hold on to it till date as the current price has skyrocketed & seems to have stabilise. Magically, I don't see any bad news pertaining to the company anymore. My mistake was allowing my fear overpowering me by reading all those 'noises'. From this experience, it has taught me not to allow the media to influence my investment stra
@TigerEvents:[Events] What Are Your Biggest Stock Market Regrets?
Since the start of this year, as far as my stocks (US and SG) are concerned, they are still showing vertical 'bed of roses'. I'm unfazed by this as I focus on my goals to achieve before taking any position in the stock market. As my investment journey is for the long haul, this period of downtrend which is commonly referred as 'bear market' makes me unperturbed. In fact, I'm thrilled as I can gradually increase my positions in the stocks by scooping them every now and then. Besides stocks, I have ETFs and a bit of crypto to diversify my portfolio. For me this journey of long investment for the next 10 to 20 years alleviate the biggest enemy in me and that is feelings of anxiety, fear and panic when investments plummet like in the current moment. Rise and fall of stock prices
$Opendoor Technologies Inc(OPEN)$ The housing market will bounce back in the US. The home-selling process will become increasingly digitized. Opendoor won't go bankrupt. The company has a massive first-mover advantage in creating the marketplace for digitally buying and selling homes. Furthermore, the stock is ridiculously undervalued at 0.1X sales. Yes, OPEN has been a falling knife and a huge loser but it's a winning company with a winning technology platform. With strong conviction, I believe the stock will soon stage a generational comeback. Thus, I'm buying the dip. @CaptainTiger@TigerStars
My investment strategy differs from Cathie Wood. In fact, I emulate Warren Buffett as his investment strategy may seems boring but it works! Well as each individual's investment journey differs, I feel that Cathie's strategy of selling off potential good companies when prices dip and buying more of companies which have no economic moat, unsound fundamentals perhaps is good for her! Besides its proven that Warren Buffett's investments reaps much more huge gains than hers over a period of time.
@Tiger_comments:[TOPIC] Buy High vs. Sell Low - Which Hurts More?
$Apple(AAPL)$Over the years despite $Apple(AAPL)$ increasing the prices of its various products, consumers are still buying them. Why? One may say is due to its brand name. I think it's due to many factors such as being a quality product, provides various features, having a good ecosystem in providing convenience to users by connecting to its various products e.g smartwatch, iphone, ipad, etc. Therefore, I feel that consumers will still purchase the increased prices of $Apple(AAPL)$ latest products as each new model brings better usage experience to them.
What a pleasant surprise! Just today in the day I was thinking of purchasing some good books on investments and this screenshot kind of affirms my decision. Some of the books which I intend to read up in the coming month are as follows: 1) Changing World Order (by Ray Dalio) 2) Fooled by Randomness (by Nassim Nicholas Taleb) 3) Buffett: The Making of an American Capitalist. (by Roger Lowenstein) 4) The Intelligent Investor (by Benjamin Graham) 5) The Little Book That Still Beats The Market (by Joel Greenblalt)
@TigerEvents:[Game] Screenshot to make a promise: If my money doubles, I'll___
My favourite reward to redemn is the USD10 voucher. However, it had 'disappeared' recently. I've suggested last year to Tiger Brokers to introduce more stock vouchers in different denominations like USD20, USD30 , USD50,etc and merchandises (which lacks significantly). Hopefully, more choices will be introduce for us (users) this year to redemn more great rewards
$Apple(AAPL)$Apple is a little bullish now . However, I think it will decline in it's prices over the next coming weeks and months till end of the year. It's a no brainer to crack whether one should buy Apple stocks or not as it has great company fundamentals with huge moat and not forgetting its ecosystem which makes switching cost difficult. The 'negativity' issues encompassing Apple like Iphone productions, possible decline in earnings by Oct are nothing but 'noises' which are temporary. In fact, this 'noises' are to my advantage as it will cause further decline in its stock prices. I'm waiting to accumulate more of it in tranches once it goes below of my desired price tag of $130.