I suppose defensive stock is less cyclical (not speculative) and lower beta. Agree, during crash, everything drops. Even utilities stock like TNB, but, when market recover, their share price will come back unlike speculative stocks (without earning support), will remain collapsed.
one have either to be mainly a market trader, investor, timer, speculator...over the long term, investors more likely to make $$$ than others? No right or wrong method, so long happy, make profits and harm nobody. Good luck!
Kevin, I agree. There are probably thousands of ways making money in the market. Warren Buffett and George Soros both have different ways of approaching the market, but both of them are successful.
But recently, the price of the share seldom down even the market sentiment is so weak. Feeling weird! Compare our Market with Singapore, their price is really dropping even bank sector such as OCBC, DBS and UOB. The PE is ard 8 only, but for HL Bank and PB Bank, they still enjoy double digits PE.
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....
914601117
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Posted by 914601117 > 2016-01-25 00:59 | Report Abuse
No wonder Jib gor said CASH IS KING, even before the oil crisis