My HNW friend was commenting me for not giving my RM some business.Hence I told his advice and handed SGD100K to my RM to buy UT - US & China portfolio. It was the biggest mistake of my life.
Last year, my RM suggested that I take a leverage to buy TLT and cut loss on my under water or deep sea China UT . I told him - please leave me alone and I will manage my loss. I m in the state of “ rob peter to pay paul”. A few of my high risk UTs are generating good profit.Thus, my loss is narrowing.
The SGD30K loss has made me so immune to any crashes in the market. Instead, I, no longer, penny wise pound foolish.I will look at SG market depth and determine the possibility of getting my stock. If by paying an extra of SGD50-500 will ensure my taking, I will go for it. Get the stock and wait for my dividends.
Bought a SG counter today. I m SGD3-4K away from KPI SGD36K dividend.Still have 4months to chiong!🤭
@MHh @rL
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