It all depends if the war escalates and if there will be further rate hikes or cuts. These few years, prices move more based on ‘market mood’ rather than fundamentals. There will of course people who want to buy when it’s cheaper or take profit now before it drops further. Expecting the next month to be quite volatile.
Insightful. Where it comes to money making stocks, need insight to have bought it at the right place first! When it is positive, need to have insight to decide if to hold further or choose to take profit. Even for money losing stocks, also need insight to continue to believe in the stock to continue to hold on to it. There you go, one word to describe all situations [LOL]
I am definitely J if we go by the above. I do track my trades! I have done the MBTI test as part of my career development and I am J. Although we may fall into certain personalities, not everyone is at extremes for all the different characteristics. For those with borderline ones, it would be easier to flip over. From the trainer who administered the MBTI, we can train and intentionally learn to use the other trait if needed much like using the left hand for a right hander. So, regardless of one’s MBTI type, it is possible to train and intentionally use the other trait as necessary for the best results in the stock market!
The ‘gold’ standard in singapore is at least a million dollars if it is for retirement. For rainy days, the typical advice is at least 3 to 6 months of expense. This of course can vary. For me, I have 2 elderly parents to provide for. So, i would prefer to have 1 full year of salary to provide for myself, my dependents and rainy days for my dependents too. At the same time, i continue to invest and save for retirement. As with most kiasu Singaporeans, it’s about accumulating as much as possible to allow for both quality of life and for crazy rainy days. With the current inflation, 1 million is probably an old target. 1.5-2million is more likely the sum with both inflation and increased life span (yet not wanting to work all life)
I think Cathie is trading the stock. She believes in Tesla but have previously sold it to take profit. So I believe she is bottom fishing now and will sell later to lock in the profits. I will not bottom Tesla as it has lost its competitive edge. There are many EV companies especially in China and i dont think Tesla can beat these companies in getting the lion share in a big market like China. Even BYD is pessimistic about the next quarter. There should still be room for Tesla share price to fall.