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Recently, I got many more messages from readers on stocks I have blogged about.
Please remember don't buy or sell something based on what a blogger says.
Always do your own due diligence.
If you feel uneasy, it is possible that you didn't know why you "invested" in something or you could be over invested.
1.
If you didn't know why you invested in something, you might want to get out.
You are not investing.
You are gambling.
"Wah! AK says 8898 4D can tikam and really 3rd prize! This stock he says he is buying sure to win!"
Sounds like gambling, doesn't it?
2.
If you are losing sleep due to an investment, you might have invested too much, you might want to reduce your exposure.
"AK invested $100K in the stock. Must be safe!"
What is the percentage of $100K in AK's portfolio and what is the percentage of $100K in yours?
I always say that I am lucky that I have been right more than I have been wrong.
My luck is not so good that I am always right.
Have I been right at least 6 times out of 10? I hope so.
Remember the $100K lesson from Marco Polo Marine.
It is important that if we should be wrong, the mistake does not sink our ship.
You are not me and I am not you.
Don't follow me.
If you must follow, don't do it blindly.
Read:
AK the investor in 7 chapters.
Bloggy Award
4 comments:
Hi AK,
What's your view of potential war outbreak in Korea. e.g. If there are stocks at good prices, would you still buy? If there would be upcoming war, would it send the market prices tumbling? Then there would be better opportunities to buy. Or is it more risky to buy now since there may be potential war?
My thoughts: probably monitor the situation for a while since the warships and troops already lined up for battle. In fact, I'm looking at my portfolio to see if I should sell any of the stocks which I dont intend to hold for long...
Hi Charles,
I have no idea if a war would break out.
I do know I have a war chest ready. :)
See:
If we want peace, be prepared for war.
Reader says...
You stay in Singapore and you don’t know Singapore is doing well ? Must knock your head if you say you don’t know.
AK says:
I like your confidence in your ability to see decades into the future.
Singapore is a very vulnerable economy.
It depends very much on how global economy is doing.
Reader says...
Vulnerable but they are good at counter measure when day comes.
AK says...
Again, I don't know that for sure.
The next generation will have to take care of things themselves. I can only do what I feel is right for me in my lifetime.
Reader says...
For you yourself , no problem la , every year eat dividends also can’t finish , what’s there to worry !
AK thinks to himself:
(Why worry? Hmm? Why? Why? Tell me why? Alamak! I think must see psychiatrist again liao! Cham lah!)
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