So, the stock market is still not doing well and blue-chips are falling to quite cheap prices relative to the past few years, especially the ones to do with oil and gas, such as Sembcorp Marine and Keppel. It feels so tempting to buy these blue-chip shares at these low price, but then again, nothing's been stabilized and share prices may fall further.
Or maybe it's no point timing the market and just slowly buy on the way down and then slowly selling when the price has reached my intrinsic value of the share, but even then, at what rate should we invest more? As the topic says, this post is nothing much other than me thinking out loud, feel free to comment/answer some of my thoughts :)
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Hi temperament,
ReplyDeleteHope that we will be able to reap the most during the bear market though :)
All the really good investors (for example Peter Lynch) do not believe in timing the market. Evidences have proved that. I prefer the dollar averaging strategy but sometime really need to learn how to manage our emotion, and not be swayed away. I am trying to find some like minded to share, encourage and to learn together, if you are keen, let me know.
ReplyDeleteHi millionfaith,
DeleteAgreed, it may be better for us to do dollar cost averaging to prevent us from going deep into the market just before it falls and sure, you can drop me an email or comment to discuss and share more :)