I believe in long term investing. I have been holding few Magnificent 7 companies since 2021. "Magni 7" companies like Apple, Nvidia, Microsoft, Meta, Amazon, Alphabet and Tesla, are all good fundamental company with huge market capitalization. They are stable and suitable for long term investing.
Market crash begin with almost all stocks (>80%) of the index , including growth and value stocks have been in the downtrend for certain times. Indicators that can help to pick the bottom: - RSI below 20 - VIX above 30 - Price action shows the trend touching previous resistance level.
DBS is a good stock to consider in our retirement portfolio. Its capital appreciation coupled with consistent dividend payout, make it suitable candidate for long term investing.
I agree with Cathie Wood's long term growth investing style. I ever invest ARK's fund namely ARKK. It works promising especially under low interest rate environment for innovation & disruptive technology companies. Cathie Wood deserve to be the "queen of stocks". @Jinleong @Pang Kiat : what's your opinion?
I prefer Penang, Malaysia for its vibrant and delicious food, as well as its historical architecture, natural attractions like beaches and rainforests, and unique street art.
Potentially we will see a pull back in August and correction in September as market valuation has been over extended. If market corrects by 10%, I will add position especially on semiconductors/ technology sectors. I can tolerate a 10-20% drawdown in the next month and buy the dip as market still in long term uptrend. Of course, it would be always wiser to lock in some profits and wait for next buying opportunity. @Jinleong @Pang Kiat, what's your thoughts?