Our Investment Journey
Don't Be Afraid, Be Prepared
Siew Jian Bin
Publish date: Fri, 28 Feb 2020, 08:21 PM
I believe this week has been the worst performance week in share markets around the world.
I have seen this in year 1997 (financial crisis in Asia), 2008 (Lehman Brothers), but I still feel scary when seeing the shares over the world drops more than 10% in a week.
I think this COVID-19 financial crisis is like a marathon. It will takes some time to recover, depending on how fast the scientist can develop the new drug or vaccine to cure this disease.
As an investor or even speculator, we need to have some strategy to face this challenge in our share market.
Personally, I will keep and buy some bluechip counters or high dividend counters. Am using averaging strategy now. Every 50 points drop in KLSE, maybe will pump in 10% of my saving into the market. I don't think the KLSE market will drop below 1000 points.
Overall, 30% of my saving already in the share market. In this week alone, all my gain in year 2020 is disappearing. In fact, now I am having negative papergain, maybe around 5-10%.
My shopping list would be:
PBB (below RM17), AJI (below RM12), BURSA (below RM5), FPI (below RM1.50 after ex-div), ALAQAR (below RM1.30)
The others strategy would be buying company which has dropped a lot even they are not paying high dividend. The list would be:
REVENUE, FRONTKN, MAGNI (NIKE sales would be lower as many outlets in China).
Don't feel this is the end of the world when seeing the market is down everyday. Treat is as golden opportunity for you. Not easy to get this kind of panic selling in normal day. So, now you can plan your shopping list now. You can take your own sweet time to plan as I believe this crisis is a marathon unless new medicine and vaccine are ready.
Have a nice weekend.
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Discussions
Be the first to like this. Showing 19 of 19 comments
Shameless thing, don't come to do yr promotion here! this is not the place ....
Nasty thing!
2020-02-28 21:20
Actually want to share some more strange phenomenon I observed, but come this nasty thing ... I stop here!
2020-02-28 21:22
Nasty thing is shameless!
yr blog is spoiled by this thing talking rubbish here!
2020-02-28 21:27
angry sign is still good...
later angry become happy is a sign to check in tg rambutan
2020-02-28 21:36
becareful not to provoke...
many half crazy ppl here...
cant really blame them...
if u lose ur pants swimming naked
2020-02-28 21:39
in that case better check him into Tanjung rambutan
To protect him against himself
Angry all the time
2020-02-28 21:41
thats what happen when the greedy dont manage risk to capital...
think about risk before profit
2020-02-28 21:44
this kind of market still dare to punt...
better go genting...
atleast u can meet nice ah moi there
hahahaa
2020-02-28 21:45
dog icon couldnt justify with facts, now calling others to go tanjung rambutan?
what happens next? want blame others cursing your dead mother?
2020-02-28 23:16
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
firehawk
I'm quite get ready before this happened ... bcos i also observe the US mrkts. I think many ppl agree with me, US mrkts are in crazy level, supported years by FED financial easing (+pressed by D Trump)....
covid-19 is only an excuse to consolidate, the issue doesn't fix how much the markets should drop, if the mrkts drop severely, that is bcos the mrkts itself already over value severely ....
Our mrkts didn't follow the US for the last tow days, bcos we are already in low level (relatively can't drop much). However, if the US doing badly, our mrkts would not be good .....
This yr is president election year, Mr.Trump takes Wall St. performance as one of his performances (is so straight forward compared to presidents before) , let's see how he fixes it .... :D :D
2020-02-28 21:16