Sebastian Chong has 30 years of personal investing experience and he started his own financial training services, Financial Info Analysis Pte Ltd, and shareowl.com. He is a value investor and in this book written in 2003, “Value Investing”, he shared his insights and experience primarily in the Singapore market.
One advantage of individual investor over the institutions
The big advantage is retail investors can hold cash when the market is crashing as he rightfully pointed out, “The Straits Times Index peaked at the beginning of 2000. With hindsight, December 1999 may have been an excellent month to sell off most of your stocks. A retail investor can even sell off all his stocks at any time if he wishes to. An individual can choose to hold cash for as long as he likes until he perceives the next investing opportunity. Most fund managers are, however, not expected to hold ...
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