If STI bounces off 2961 Monday, it would target above the psychologically important 3000 level. Closing above 3000 will encourage the bulls to push towards 3050 as first target, and eventually 3100 for the week ahead.
However, if STI pierces through 2961 instead, 2900 will open up for the bears to target. With the eventual break towards long term support at 2500 in the weeks ahead.
Now that wasn't so hard, was it?
Now that wasn't so hard, was it?
LOL!
See? Anyone and everyone can be a sell-side analyst?
So go start a blog or create an account on those investing/trading forums. The trick is to have as many bei kambings follow you as possible.
See? Anyone and everyone can be a sell-side analyst?
So go start a blog or create an account on those investing/trading forums. The trick is to have as many bei kambings follow you as possible.
Once a critical mass following is achieved, you can start milking or shearing them for profit - that's monetising your sales funnel 101.
Even better if you start giving workshops or classes.
The trick is for Monday class, tell your little white lambs that the market will go up.
Then same week for the Wednesday class, tell your other bei kambings the market wil go down.
This way, you'll always have 50% of your flock swearing by what you say. Wink.
Of course with 50% attrition rate, you'll eventually have to start all over again.
But no worries!
That's why you see snake oils have to branch out to other Asian countries. Singapore how big? The trick is to move from one city to another before your "bawu" is discovered...
Another trick is the "same lamb; fleece many times" scheme to constantly churn out flavour of the month topics. This month penny stocks, next month options, the month after passive indexing, and next, next, next month factor investing...
Wash, rinse, and repeat.
The last 3 words in finance professional term is call "churning"
ReplyDeleteSmall Time Investor,
DeleteAnd in the retail and marketing world, we call it "planned obsolescence" ;)
Smol,
ReplyDeleteRemain invested at all times and continue to pump in fund (derived from active income) to the investment portfolio. Ignore all these noises and focus on own interests. This is the way to go for a mimalist lifestyle.
My two cents worth of views.
WTK
WTK,
DeleteWell, good luck to you!
I'm just glad I'm not 100% vested in 2007 and now in 2020 ;)
And I hope you'll continue to stay gainfuly employed. That's more important!
Everyone has a plan until they get punched in the face...
Hi SmOL,
ReplyDeleteFor me, There will be a time to be almost fully vested, I guess. I just recently did a stress test. I think if my assumptions are generally accurate, I should be more or less fully vested in STI 2200??
See, I also making predictions lol
That is assuming I am.buying STI...
2 more rounds down and market goes 40 percent more, I should be out of ammo, hopefully we dun go there.
Sillyinvestor,
DeleteI prefer to harmonise with the cycles.
Spring accumulate.
Summer ideally fully vested.
Autumn starts to harvest and divest.
Winter stay indoors at the fireplace sipping hot coffee.
Wash, rinse, and repeat ;)
Jared,
ReplyDeleteI see you know the tricks of this industry very well.
The reality is that this industry has a lucrative business model that will last forever, thanks to certain weaknesses in human psychology and human nature never changes. However much one may love money, each of us must decide where to draw the line and how we go about making money. How we make our money defines us more than how much money we make.
I used to judge this industry harshly, especially after hearing unpleasant experience from relatives. Maybe there are players who can 出淤泥而不染. I'll keep my mind open. It's not a good habit to be too judgmental.
hyom,
DeleteWhat you say can apply to politics and religious.
If I'm a little lamb in the above two arenas, its likely I'll be one too when it comes to investing.
Some of us are carnivores, most are herbivores, and there are omnivores.
Jared,
DeleteIt's blessed to be a little lamb. No responsibilities beyond ownself and family. Easier to live happy and die happy.
This is why little lambs like me are grateful to giants like LKY because thanks to them, there are people like me :)
hyom,
DeleteIts OK just as long you tithe in wool and milk.
Once you hear sharpening of knives...
Bolt!
LOL!