Wednesday, April 25, 2007

Sell Singapore shares?

Dear Mr Tan

I read that you are selling your Singapore shares. Can you tell us why?

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MY REPLY:

I find the stock market to be too high. I have decided to sell 50% of my shares and re-invest the money in the money market fund to earn 3% interest. If the stock market corrects downwards by 20% (i.e. ST index at 2,700), I will re-invest in the market.
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2 comments:

Anonymous said...

Hi Mr Tan,
You have sold all your SGX ETF mid last year, at that time you were saying it was too high. Since then the market is up abt 30+ %. Now that you said the market is too high and you sold half(and not all) your stock,prob you do not want to miss the uptrend totally in case you are wrong this time. The thing here is that, nobody can time the market correctly... Though you may be right this time, but you were wrong the other time. A true investor buy/sell a company based on its valuation, company competitive chracteristics, managements etc. and not whether the market is too high/low. Just my 2 cents comments. I am worried your comments are influencing people, which may or may not be correct.

April 25, 2007 8:20 PM
Anonymous said...

On hindsight, your timing was about right, 2007 was the start of the downward trend for some shares with of course the big drop in 2008. I think that is the correct strategy in that once the price seems too high, can sell off enough to protect the original capital and then gradually sell of the rest to take profit and hope to catch the main bulk of the peak.

July 21, 2009 11:38 PM

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