My most memorable trade was my first bought share of ocbc bank stock@$8 During the pandemic. Little did I know the potential of it climbing to $14 and above back then. When I earned my first $2000 I was contented and about to take profit. However I decided to hang on and wait til it rises to $15. I'm glad I chose the latter. To infinity and beyond! To the š. I've learnt to be patient and only look for blue chip counters so I can sleep soundly and be assuredof both capital gains as well as regular passive income like dividend payouts. Like my idol Warren Buffett says, look for undervalued stocks and buy the business and be aware of everything that's ishappening to the company just as a shareholder of the company would!
Since inflation is constantly on the rise, money left in the bank or just earning through work is not sufficient. Investing on the other hand, fights inflation and is like riding on the waves of the sea on a boat. It can get you to places when there is wind. When the sea is still or rocky, just wait out til the storm is over and good times will always come back. Patience is key to successful investment and longterm growth. A consistent strategy of trading and long term investment as well as dividend stock picks can grow ones money exponentially. I definitely would like my hard earned money work for me then just the other way. I am the master but not the slave to money.
The Edge Singapore | China vows to keep markets stable, support foreign listings.No wonder the sudden surge. It's a waste that I dropped it like a hot potato at $0.65[Sad] lost a lot [Facepalm]
When the yield curve starts to invert , it can signify a recession coming. However it takes about 9 months to 2 years before any recession happens.Because of covid, war and inflation, it's a unique situation which can cause the yield curve to invert. Meanwhile I am still positive that there's still room for stocks to run. Cautious optimism I would say.
I started investing at the time when covid struck and all shares plunged. I had a sum of money that I could spare and asked my banker friend for advice. The very first share I bought was OCBC bank and I bought it at $8. I made a fair share of returns and decided to put more money to work. But greed got the better of me and I started trading without any plans, thus losing quite a fair bit as well. Although , I have paid a lot of tuition fees by going on gut feel, I believe I have grown wiser nonetheless through my failures. Nowadays I make sure I read up on news constantly, monitor a stock for a while, make sure fundamentals are strong and buy it for the business model. I am investing to accumulate my wealth and for retirement infuture.