All,
Apologies for the late posting, but has been busy in the past couple of weeks,
with the General Election coming to malaysia soon, be prepared for the share market to fall from their current highs. But, I am not God, in the short term ( next few months) i will not predict the movement of stocks which are under my radar ( anyone who claims that they can predict stock market movements in the short term is either a Toyota Salesman or God. My guess is the former)
Thus to eliminate the problem I have decided to do this: Buy a few lots first, and conserve cash to wait for the market to turn sour. Why don't i wait until the market falls before buying? Like i said, im not God and I will not be able to foresee when the market is heading for a downturn. So if the market goes up instead of down, i would have missed a chance to profit. So by buying in stages, either way im happy. If the market goes down, i get to buy more at a cheaper rate. If the market goes up, i am happy as my investment just grew in value.
So this is what i bought:
Ivory (30 lots)-average price of RM0.54
Favco ( 20 lots) average price of RM1.78
Will look to buy more if the market turns bearish
Apologies for the late posting, but has been busy in the past couple of weeks,
with the General Election coming to malaysia soon, be prepared for the share market to fall from their current highs. But, I am not God, in the short term ( next few months) i will not predict the movement of stocks which are under my radar ( anyone who claims that they can predict stock market movements in the short term is either a Toyota Salesman or God. My guess is the former)
Thus to eliminate the problem I have decided to do this: Buy a few lots first, and conserve cash to wait for the market to turn sour. Why don't i wait until the market falls before buying? Like i said, im not God and I will not be able to foresee when the market is heading for a downturn. So if the market goes up instead of down, i would have missed a chance to profit. So by buying in stages, either way im happy. If the market goes down, i get to buy more at a cheaper rate. If the market goes up, i am happy as my investment just grew in value.
So this is what i bought:
Ivory (30 lots)-average price of RM0.54
Favco ( 20 lots) average price of RM1.78
Will look to buy more if the market turns bearish
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