Market Plunge
I received a sms at 9.11 am this morning from a blog reader because STI went for a major 5% correction (at this point of writing) since morning. The sms text read, “U r so lucky to sell ur sgx, now 6.60. Wise decision. XXX.” Please refer to my previous 2 posting: “Love Letter to my Darling”
I need to explain and share that this is not luck, but rather a logical and rational decision. The high and low of market has no major influence of my decision on my equities because I do not time the market. Even I sell SGX at 6.60 today in the mid of major correction, I still generate 305% ROI. I basically follow a simple rule of buying undervalued stocks/investments and sell when they are hugely overvalued or the investment fundamental are no longer in line with my investment criteria. I see that the correction will continue until the blue chip stocks reached to it’s value rationalization level. Our value investing mastermind group are safe in this correction and the coming ones because we bought stocks with great safety of margin.
Good luck to the punters and traders. If you are burned, ask what have you learn and think about your investment strategy again.
You “Ken” Do It!
Lots of love and support,
Ken Chee
Tags: Advertising, ROI Marketing, Branding, Brand, Promotion, Business Opportunity, Entrepreneurship, Marketing, passive income, creative idea, Asia Business, Internet Marketing, millionaire, Business, Investment, Online Marketing, Business Ideas, Entrepreneur, opportunity, value investing
Leowell said,
February 28, 2007 @ 4:25 pm
Dear Ken,
Nicely said. I sure am glad to be part of the value investing mastermind group. I hope to contribute more once I get back to Singapore.
Leowell
Money Market Investing said,
March 10, 2007 @ 9:14 pm
Money Market Investing…
Some portions of this article sounds interesting. May be you have some links where I could read more about this topic?…