Take heart...read this.
Yes, market seems in a turmoil and might go down more. China weakening. Malaysia political problems. Australia's not good. S'pore cooling measures seem to last forever. Spore property market no good. Commercial market also no good.
It might go worse. It might go below sti 3000. Shall i bail out all my funds and wait? Cash is king right?
My answer to that is don't panic. Think again. 5m people in spore. Market even goes to sti2500 still will
1. Need to use telephone n handphones
2. Still will go to shopping malls especially those connected by mrt n bus interchanges. Maybe eat out less but how can escape going to supermarkets?
Can u imagine say tampines mall empty?
3. Look at fast food restaurants. Long queues even during lehmans. Can u imagine mac donalds restaurant empty?
4. So many vehicles in spore..maybe 400,000. Look at the jams. OG crisis so what. Can the cars dont use petrol? Crisis or not, the CTE still so jam. Can u imagine cte empty during monday at 9am?
What do the above examples mean to u?
So if u still thinking of cashing out that 50k, for fear of it turning to 45k 40k and so on...
Think again..do u really have to worry about the absolute portfolio size...so long as it still pays dividend? Who can control market ups/downs anyway?
Markets wont stay up or down forever.
But good news is that u can do ur part, by selecting fundamentally sound companies which pays dividends n then reinvest them to maximise the next upturn.
But if u still cannot sleep worrying this n that, then maybe the best place is to keep the money in the bank.
Yes, market seems in a turmoil and might go down more. China weakening. Malaysia political problems. Australia's not good. S'pore cooling measures seem to last forever. Spore property market no good. Commercial market also no good.
It might go worse. It might go below sti 3000. Shall i bail out all my funds and wait? Cash is king right?
My answer to that is don't panic. Think again. 5m people in spore. Market even goes to sti2500 still will
1. Need to use telephone n handphones
2. Still will go to shopping malls especially those connected by mrt n bus interchanges. Maybe eat out less but how can escape going to supermarkets?
Can u imagine say tampines mall empty?
3. Look at fast food restaurants. Long queues even during lehmans. Can u imagine mac donalds restaurant empty?
4. So many vehicles in spore..maybe 400,000. Look at the jams. OG crisis so what. Can the cars dont use petrol? Crisis or not, the CTE still so jam. Can u imagine cte empty during monday at 9am?
What do the above examples mean to u?
So if u still thinking of cashing out that 50k, for fear of it turning to 45k 40k and so on...
Think again..do u really have to worry about the absolute portfolio size...so long as it still pays dividend? Who can control market ups/downs anyway?
Markets wont stay up or down forever.
But good news is that u can do ur part, by selecting fundamentally sound companies which pays dividends n then reinvest them to maximise the next upturn.
But if u still cannot sleep worrying this n that, then maybe the best place is to keep the money in the bank.
As long as people wake up in the morning and strive to make their own life better the stock markets will continue to rise (despite temporary short term volatility).
ReplyDeleteMy take is that out of the 7.357 billion people on our beautiful planet at least 90% fall into the above category.
That should be good enough.
Yes. The world will still have its ups n downs. But most pple will still wake up n try to make their day better. Its with these pple which make this world function as a better place.
ReplyDeleteIts this improving which makes the world move forward.
N this is what makes long term investment work, isnt it?
Agreed. Most people forget that the best time to invest is when its bleakest. I remember in 2011, everyone thought the world was going to end. Ironically that was the best time to start.
ReplyDeleteI would never bet against humanity and human progress.
thanks for sharing. very true indeed.
DeleteFear not. As prices go down, dividend yield will go up in %. Time to buy more and get more dividend. Start nibbling.
ReplyDelete"What goes down will come up again" (unless its dead)
"Be greedy when others are fearful"
Yes. Indeed..wise words from a seasoned investor.
ReplyDeleteUp n downs are but part n parcel of the market.