One really can’t predict the market, eh?
As of now, the STI at 3,315 isn’t that far off the year high of 3,371. And how fast sentiments change.
Just a month ago, I have to admit I was a little jittery at the volatility in the stock market. With the STI dropping from a high of 3,350 in mid September to 3,150 in a month’s time, many were anticipating the 3,000 mark to be breached. Including yours truly. And I doubt I was alone in extrapolating this short trend. Silly me.
Nonetheless, the jitters was a good signal to inform me that I wasn’t exactly comfortable with the amount of money I had in the market and thus, I proceeded to close my Phillip ShareBuilder account to free up about $30K early in Oct. I definitely felt much better after that although I am not sure choosing that easy way out instead ......