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Motivations and methods in investing (Part 2).

Wednesday, August 3, 2016

Hi AK,

I am a 38years old male and have been following your blog since the start of the year.

Firstly, i must say i am truely inspired by your example and most importantly enlightened on the need for passive income for people like us in SG so armed with a little warchest of $50K i have picked up a number of stocks based on your advice on your blog.

Acromec - Entry price : 0.3
Capitaland - Entry price : 2.9
China Aviation oil - Entry price : 0.835
AIMS Amp - Entry price : 1.3
Sheng Siong - Entry price : 0.86
Venture - Entry price : 8.35
Singapore O & G : Entry price : 0.8

My problem is i do not have an exit plan. Based on current situation, should i take profit and sell  off some of the stocks? I do find a few of them overpriced at the moment like O & G.

Hope to hear your advice soon!

Thanks in advance!
 
Cheers
Y



Hi Y,

Alamak. I don't give advice. I am just talking to myself.

So, I say to myself:

"Always question what was your motivation for buying into a certain stock. If it is for income, then, price movements should not matter as long as the fundamentals are intact and it is bringing home the bacon. Of course, if you could find a better income stock than the one you have and if funds are limited, liquidating and moving your funds makes sense. Money should go to where it is treated best.

"If you are investing in something because you feel that it is undervalued and that its price should be higher, then, you probably have an idea of its intrinsic value. You could then sell if you find that your investments are now trading at prices above their intrinsic values."

Best wishes,
AK

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