Oh boy, the last time I wrote a piece on the issue of warchest (see here) and pacing your buying activities article (see here) was back earlier in the year in Mar and June respectively. Back then, the mood in the market was extremely buoyant and it appears that nothing could stop the market from trending up and higher each time.

The local STI index is still hovering at around 3,000 points, and we can immediately see the sourness turned mouldy bearish atmosphere in the market. If you have been approaching your buying activities with some margin of safety, you shouldn’t be looking at a large paper loss at this point in time. Imagine what would happen if the STI plunge to 2,500 or 2,000 points. If you are already looking at a large paper loss at this point in time, then let this be a …