Tuesday, 9 August 2011

A new worse - STI Aug 11

STI has broken the 3000 pt to a 2884 following the pessimistic market outlook on US debt issues and the PIIGS debt.

Suffering from my biggest portfolio plunge ever.

Lesson One learned - 见好就收, observe the tipping point

Lesson Two - wait out the storm and buy only when things stabilize and not during the plunge point.

Lesson Three - buy stocks that give good dividends or bluechips (take panadol if market stays low)

Lesson Four -  look at figures with 平常心, don't panick!

Investing really takes much Patience and Discipline. It's in the MIND.


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