Be greedy when others are fearful, be fearful when others are greedy. I sense fear now. What are you waiting for?
Honestly, the last time I see such a scenario was during the Lehman Crisis in 2008. The selldown back then was even more earth shattering than this.
The last time STI went below 3000 points was roughly in August last year. This means that for STI has given up its 8 months gains due to the earthquake.
That said, 2800 points seems to be a safer entry point for long term investors. At that level, most banking stocks are giving at least 4% dividend yield on your investment.
Honestly, I have not much luck timing market cycles. Hence I try to always buy and rarely sell to build up my passive portfolio income.
If you are reading my blog and not invested, congrats. Buy now and hold as long ...
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