Thursday, May 07, 2009

Strong recovery in Singapore stockmarket

The Singapore stockmarket recovered by 50% from 1400 to 2100 (on the ST Index) over the past two months.

I did not buy any shares during this period, so I missed the rally. But I did not sell any shares either, during the decline from 2400 to 1400. So, they cancelled out.

This illustrates the importance of staying invested, for a long term investor. If one gets out of the market, when conditions are gloomy, one is likely to miss the rally. It is difficult to time the market. It is better to invest for the long term, and take a long term view.

Even the experts like Warren Buffet adviced investors to take a long term view and invest over a time frame of 10 years or longer.
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5 comments:

hn said...

Dear Mr. Tan,
Do you have any advice on whether we need to file our claim on the minibond? I thought that the trustee would take care of our interest? There are so many parties involved now with receivers and liquidators, lawyers and trustee, all paid by minibind holders but no advice on whether they will protect our interest and they expect every single investor to deal with US receiver?

May 07, 2009 12:01 PM
dEviLiSh aNGE| said...

this is one of the most informative blogs i have ever seen.

what a waste tt u had missed out on the rally.

is it too late to join now?
also can i ask what does the number behind represent...
singtel 10 , singtel 100. :)

May 08, 2009 11:01 AM
ym said...

hi mr Tan,..

Hope you are enjoying your holiday in alaska... are you going to try a husky ride?..

btw, .. the biggest rally happens in the worst bear markets..

risk is high...

May 08, 2009 11:59 AM
Robert said...

Ha ha. 10 years timeframe?
My investment timeframe is not exceeding 3 years.
Why??
Because I may be dead by then.

May 08, 2009 2:13 PM
Victor said...

dEviLiSh aNGE| - Singtel is traded in lots of 10, 100 and 1000. They are separately listed and usually have slightly different prices. The trading in lots of 10 and 100 caters to the many people who hold odd Singtel lots, i.e. not in multiples of 1000 lots.

May 08, 2009 11:06 PM

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