Self Reflection: Stock Market is a dangerous place. However, placing money in the bank would also erode value as the bank interest is near to nothing. The rule "Never lose money" would not be applicable to ordinary investors like myself, who bascially buy and hold. I am not a good stock picker as I had bought/sold some toxic stocks in the past. For example, Rickmers (41% loss), Hyflux (24% loss), Noble Group (15% gain)...... There is also a 100% loss in Eagle HTr.  I took on a major project before Eagle's price collapsed.  As Murphy's law dictates, everything gone wrong, even the harddisk of my new laptop crashed with data non recoverable.  After I completed my project, then I found that Eagle has already been suspended. Luckily, only 1,000 shares involved from its IPO. Talking about IPO, it is no longer meaningful for me (not because of Eagle). Just that as my portfolio size increases, I find it not worthwhile committing...