“Be Greedy when others are Fearful” this maxim originates from Warren Buffett. Indeed as we looked at how our Singapore stocks market have performed this week, investors are indeed fearful as the STI headed south by more than 1% on some days of the week. As the STI headed south, I am not surprised if some investors are scared and offloaded their outstanding portfolios, freeing up their liquidity and in the process of doing so, sold their stocks below the cost price. It is natural to be quite fearful when the Singapore stock markets performed like it did this week. I too was fearful before and liquidated my stocks. After garnering good experience from the stock market, these days even as the STI headed south, I was not really too fearful of my outstanding portfolio. The thought of selling some of my stocks in my stock portfolio never crossed my ......
Yes, I agree. But with limited resource, my delimma is always when to start being greedy. will I miss the correction chance or can I buy at a lower price?