Diversification is for those who know at least 1 thing ... that they're not geniuses at that thing. :)
Speaking of which, think many didn't realise how concentrated the S&P is. At the peak on 3rd Jan, the top 5 stocks took up 25% of the weightage & tech in one form or another made up probably 1/3 of the index. ;)
Took a mere normalisation of interest rates for people to suddenly realise hoho.
No one knows the real destiny of the listed counterparty. What was highly sought in the past become "suspended". Swiber comes in mind. This makes the dynamic of the market volatile and interesting.
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Smol,
ReplyDeleteDiversification is for those who know at least 1 thing ... that they're not geniuses at that thing. :)
Speaking of which, think many didn't realise how concentrated the S&P is. At the peak on 3rd Jan, the top 5 stocks took up 25% of the weightage & tech in one form or another made up probably 1/3 of the index. ;)
Took a mere normalisation of interest rates for people to suddenly realise hoho.
Spur,
DeletePrecisely. How many bothered to take a look at the constituents and weightings?
The same goes for our STI.
It's merely 3 banks and 1 telco in essence.
That's what keeping STI "resilient" compared to S&P 500 for now.
Rising interest rates is good, better, best for banks.
Those who know, just overweight the financials directly ;)
I diversify as many stocks I could find and then let Mr Market shows me how to concentrate them. Mr Market knows better. LoL!
ReplyDeleteCW,
DeleteThat sounds quite like Peter Lynch's style ;)
Old fox you!
Smol,
ReplyDeleteNo one knows the real destiny of the listed counterparty. What was highly sought in the past become "suspended". Swiber comes in mind. This makes the dynamic of the market volatile and interesting.
Wtk.
I am a sucker for good relationship but I was denied peace by my so called wife. Found out alot about her and some other guys with the help of the expert ProfessorVenom69 @ gmail .Com maybe cause she thinks she is out of my league or something but she really fucked me up. She cheated on me with different guys while I was busy working my ass off making money. I am glad I got to know the truth in time and was able to summon the courage to divorce her. I recommend the expert if you need help
ReplyDelete