Market timing versus buying at prices you won't sell at.

Reader says...
Hi AK,

I emailed you a few years ago about starting to invest and you advised me to build up on my knowledge and to build a war chest. 

Now, I have opened an CDP account and feel that I am ready to start on an investment journey. 







I would like to seek your opinion. 

The mantra is simple, buy low sell high. 

But do you think that the timing is right for me to buy stocks? 

Or should I wait for a better time and buy in the future?

AK says...

Alamak. I think I am one of the worst market timers in the world.

Ask what is your motivation for investing and see whether the investments fit your motivation.

Then, ask what you think they should be worth and whether the price Mr. Market is asking from you is worth paying.






Buy at prices you won't sell at and sell at prices you won't buy at.

Gambatte!

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Have a plan, your own plan.

Buying investment grade gold in Singapore?

Reader says...

Hi AK, would like to check with you on gold products.




1) What are some of the products if we we would like to use CPF to purchase gold? Is it recommended to purchase using CPF?

2) For purchase of physical gold, are there any considerations when purchasing? Understand UOB gold should be quite cost efficient if you purchase minimum weight.

3) Why is gold bullion coin is more expensive than pamp gold bar

AK says...

Read:
Why investors for income buy gold?

1) I believe the opportunity cost for using our CPF savings to buy gold is rather high.

I will not give up the risk free returns to speculate on gold.




2) I buy gold bullions from UOB.

The Kilobar is probably the most value for money, weight for weight.

However, it isn't practicable for most of us and not very practical.

My choice is the 1 oz bullion.




3) Bullion coins of same weight from different mints can differ in prices but UOB sell them at the same price.

It doesn't matter coins or bars.

If we are buying as an insurance, it is sensible to simply go for best value.



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Singapore Precious Metals Exchange.