In my first blogpost, I asked "How to Recover from a 50% loss?"
I have no answers to it, because it is just so damn hard to recover.
Just ask anyone who bought TOPGLOV, ATAIMS, SCIB, GPACKET, etc. & held until now.
Which is exactly why I prefer buying blue chips & stable stocks that have low share price volatility.
One could argue that buying mature blue chips won't get you rich quick.
But having seen the challenging stockmarket of 2020 & 2021, preservation of capital takes priority over insane short-term gains.
How many of us can accurately buy TOPGLOV at RM7.00 in 2020 & sell at RM21, earning an insane 200% gain within a year? Or how many of us can catch GENETEC in 2021 when it was RM6, before it made a giant leap to RM36 currently? 500% a year even beats TSLA.
Although we cannot have such exceptional returns, aiming reasonable gains in a year should be sufficient.
Blue chips like banks have stood the test of time, emerging stronger from each crisis. As shown in my sample portfolio, PBBANK & MAYBANK are my top picks among banks.
At this juncture, even badly battered KLCI component glove stocks could be candidates for long term investment. (Note: Long term = 3 years & above)
The possibility of our KLCI touching 1600 by year end is akin to finding a needle in a haystack now. Which means my prediction is wrong.
But as one local fund manager once said: "Forecasts are forecasts, they are not reality."
How true.
Does that mean, one should not trust analysts' reports?
Not in totality, but it can be a good source of extra information.
What is most important is whether your buying + selling is correct, after receiving multiple sources of "noise" in the stockmarket.
I hope I have contributed meaningfully to the investing community of klse.i3investor.
I apologise for any toxic posts, whether to anyone or organisation. Believe it or not, I have no malicious or ad hominem intents. 对事不对人。
Merry Xmas to those celebrating, happy holidays & Happy New Year.
The coming year of 2022 will be a much better year for investors.
Disclaimer: This article is not tailored financial advice, but mere general stock sharing / observations. Please do further due diligence. The author may have interest in some stocks listed above.
Created by CynicalCyan | Nov 18, 2023
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Created by CynicalCyan | Jun 18, 2023