To The Moon

As the market continues to be down, I'm not sure whether to count myself lucky of having this experience. The "package" includes:

1. Losses ballooning from $900 to $5200. This may not seem like much but it sure is demoralising.

2. Having to hold on, so as not to suffer real losses. As much as I advocated this, as much as I chose good stocks, everything is falling. At time of writing, I am preparing for $DBS GROUP HOLDINGS LTD(D05.SI)$to fall once the share shoulders have clocked their dividends. Learning to walk the talk was extremely difficult since the war started and even till date, I have not seen the effects of the rate hikes in the bank stocks.

3. Reconfiguring my portfolio: In a bull market, everything looks shiny and tempting. In a bear market, my portfolio feels like a leaky water bottle. It was easier to concentrate on the few stocks and focus on the way ahead rather than having many.

What I have learnt

I am repeatedly reminding myself not to time the market because as I've learnt from Ramit Sethi, us retail investors will never have advance knowledge that big corporations have. We can never predict the market (but I think we can align, somewhat, to market conditions, especially like now,

On point 2, I guess I have also learnt that even though I expected the bank stocks to rise, not only because of external conditions but one more important point is that, so does everyone. This means that by the time you buy, the price rise would already have been priced in and you're too late.

So, the next best thing to do, especially now that DBS is falling madly, is to hold on and not guess. With fingers crossed, that's my sharing today. 

What do you think?

@TigerStars@Tiger_SG