Saturday, December 26, 2020
I made a profit of over $400,000 by investing in Tesla and Nano Dimension. In both cases, they were valued on growth and future prospects. Their current profit do not justify the prices that I bought them.
I held 200 stock of Tesla at $600 USD (pre-split) in early March 2020. Due to the pandemic and "shelter in place", Tesla stock dropped to $350. I saw a loss of $50,000.I did not cut loss. I held on to the stock. Instead, I bought another 300 stock (average cost $400) while the price kept dropping. My friend advised - Don't catch a falling knife. (He is smart, isn't he?) Tesla stock turned unexpectedly. Later I learned that their Shanghai factory opened earlier than expected, and it produced many cars. Tesla stock short up to $800 by May. I sold off all the stock at an average price of $650 and made a gain of over $100,000. If I had followed my friend's advice to cut loss, I would have suffered a loss of $40,000 (or thereabouts). What is the lesson? * Don't listen to platitudes (don't catch a falling knife) * Understand the stock that you invest in, so that you can be confident under stress * By ready to hold a stock that is oversold in a panic. It will get over. * Never invest with borrowed money * Wait for luck to be on your side. Agree or not? https://fisca.sg/ArticleDisplay.aspx?ID=808
My friend said that he lost $1 million in Singapore stocks over the years. But he said that he had received this amount in dividends over the past years. He must have invested in these stocks for a long time.
Several investors expressed disappointment at the poor performance of the Singapore market, compared to overseas stock markets.
Thursday, December 24, 2020
Dr. Anthony Fauci is the top public health official in America. He was asked in an interview - should America close the border to travelers from the United Kingdom?
Wednesday, December 23, 2020
Earlier, Minister Wong said that phase 3 of the circuit breaker will start after 70% of the population has downloaded the Trace Together app or collected the token.
Tuesday, December 22, 2020
Singapore is mentioned specifically by this technical expert from the World Health Organization about our contact tracing effort.
We should stop the useless safe entry recording and divert the resources to a more useful, more effective strategy to deal with the covid infection.
Many developed countries face the challenge of generating sufficient jobs for their population. A high proportion of the people are unemployed and under-employed.
Sunday, December 20, 2020
I suggest that the CPF system should be streamlined and simplified as follows:
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12/20 - 12/27
- Blue tooth tracing in Beijing
- Sell your stock at an over valued price
- Don't catch a falling knife
- Lost $1 million in Singapore stocks
- Poor performance of Singapore stock market
- Closing the border to travelers from the United Ki...
- Unexpected profit from Nano Dimension
- Wisdom of the Crowd - New Issues
- Prioritizing the economy over public health
- Shameful incident!
- A more effective way to stop the covid infection
- Westpac - Australian bank
- Creating sufficient jobs for the people
- Zoom - is it a buy or sell at the current price?
- Simplify CPF system
- Increase of 35% in Medishield premium
- Transition of power in US
- Wisdom of the Crowd - New Issues
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