19 Aug Newbie's Blog: The Confusion of it all
Good inflation report in Jul? Check. Continued interest rate hikes? Check. Is inflation being tamed? Check?? Will things get better? I don't know...
I've been in the best of times and this was at the start of the year. Stocks were shooting up and it almost seemed that "Stonks only went up". I've also been in the worst of times where my portfolio was in a blood bath. Lows that made me want to quit investing.
This month? I don't know. After such a roller coaster ride, it's hard to be at a stage where investor's are looking for direction, plucking at every small clues (it being the recent Jul Fed minutes). The war in Ukraine or Covid measures no longer seem so loud but yet they are still occuring in the background.
As a long term investor (or at least that's what I'm trying to be), I know the answer is to ignore the noise, ignore the minor fluctuations and hold on. But a part of me seeks results or a conclusion. Are my stocks ok? Well I think they are, being blue chips, but they are still going down. $DBS GROUP HOLDINGS LTD(D05.SI)$by the way (if you were wondering).
My losses today stand at $4800 and after 7 months, I thought it's a really long time to bag hold. But of course, perhaps this "indifferent" season is part of my lesson.
What are your intentions now? How do you keep the faith to carry on? Should I still continue to hold on to $DBS GROUP HOLDINGS LTD(D05.SI)$which has been going down somewhat. Do share your thoughts...
@TigerStars@CaptainTiger@MillionaireTiger
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- JC888·2022-08-19Investment into funds houses run either by Roboadvisor or human team are also in red... Whahaha, u r not alone.2Report
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