Planning to do this.. But not so soon. 2nd half of the year.

Assuming can survive this covid epidemic..that is..

This post has been edited by Cubalagi: Mar 23 2020, 08:56 PM

https://www.bursamalaysia.com/about_bursa/m.../media_releases

Bursa suspends short selling

Wallstreetbets reference? 😂

Feel like doing this but a bit scared. Must remember to diversify. Otherwise, later lose everything

How can lose everything...S&P500 can go 0 meh?

Has anyone looked into Allianz Malaysia? 1163
Their PE looks tempting with PB quite close to 1
And balance sheet strong as fuk got 1.6B cash to weather the storm

Oh I thought you tikam Malaysian stocks

haha.. Sorry at this hour too much watching US market. Stocks can definitely go to 0!!

possible, if all investors suddenly sold their all their shares and everyone had no confidence in all listed companies....

if all institutional investors sold their holdings, that would already be really scary and retail investors would be stuck with penny stocks.

I guess if everyone sells everything and here, everyone including their founders, like Jeff Bezos, Bill Gates, Marc Zukerbeg, Warren Buffet etc sell and no one in the world want to buy.. Even say, Amazon for a dollar per share. Then possible can go 0.

Good morning folks.

It’s a miracle. Our market opened in the green today! All the shares in my portfolio are going up!

Nothing to buy for me. Hold the ammo.

Markets going up after short selling banned lol

Well S&P still got a lot of room to drop

so weird. have we reached the level whereby disaster no long cause panic selling?

Hang Seng, Kospi, Nikkei all up. Asia is all green today, and some are up almost 5%.

This kinda time is good for swing trader.

As they say, Mr. Market is irrational.

One possible explanation is that all the margin account traders have been flushed out. Whatever margin calls which need to be made which forced the price of the shares to dive in a vicious cycle have already been made. Therefore, the traders and speculators are now either all dead or licking their wounds.

Thus, it is time for the serious retail investors to come in to buy the undervalued shares.

But the above is just my 2 cents view without looking at the actual data whether it is the institutional investors or foreign investors who are swopping in to buy the shares. I would be surprised if it were the local fund managers who are buying the shares. They don't have the choice of buying. If the unit trust holders are panic selling their unit trusts, where are the fund managers going to find the money to buy the shares?

In the meantime, we just enjoy the ride or show for now. Hong Leong Bank going up 11% and Public Bank going up +8% as I write. Even SunReit which is giving a RM20 million rental waiver to its tenants is going up +1.8%. Go figure.

Let's see what will happen when EPF pull out billions of ringgit from the share market for the RM500 monthly payout to the EPF holders who are withdrawing their money.

This post has been edited by Vanguard 2015: Mar 24 2020, 11:11 AM

Interesting, so far s&p has posted fastest 30% drop from peak in just 22 trading days. 2nd, 3rd and 4th fastest frop all occur during great depression. The 5th fastest drop happened during 1987 which was not accompanied by recession.

You need to take into account of it has Irredeemable Convertible Preference Shares int consideration.
And with financial market tumbling across, there is a risk of need of write off in term of fair value losses on its investment side in their future Q earning report.
Investment income may also suffer some dip.

PE or whatever data in the past is no longer suitable to be used when economy takes a big turn.

Having said that, it is really a solid stock, being following quite long since it was Rm7~8.

It is unlikely for epf to pull out so much money as per many has speculated, cause the RM500 is per person per month.

Its not 6k per person. If you do the math of rm500 / month x our working population with epf. Its not that much