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 USA Stock Discussion v8, Brexit: What happens now?

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AthrunIJ
post Aug 11 2022, 08:05 PM

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QUOTE(pub_yu @ Aug 11 2022, 08:00 PM)
All right. And it has to last at least a year or two? Just to tank through another covid lockdown?  tongue.gif
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Up to your comfort level bruh.

Best is to tank at least 5 consecutive covid lockdown.

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AthrunIJ
post Aug 11 2022, 09:00 PM

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QUOTE(pub_yu @ Aug 11 2022, 08:43 PM)
If you are in China, maybe need 3 years of emergency funds?  tongue.gif
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I zhink in perpetuity

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AthrunIJ
post Aug 11 2022, 09:01 PM

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QUOTE(Lon3Rang3r00 @ Aug 11 2022, 09:00 PM)
Sad only have left a month or max 2 months, so quite nervous when it come to spending. Everyday pray pray health OK, Car OK, house no break in. Health got medical card cover. And slowly build up emergency fund.
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I see.

All the best in your finances man.

If possible maybe time to review what to cut in the short term for some breathing room.

Or just slowly build back up the emergency funds bit by bit in parallel.
AthrunIJ
post Aug 11 2022, 09:16 PM

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QUOTE(Davidtcf @ Aug 11 2022, 08:10 PM)
I think my prediction wrong due to US inflation index went down. US market keep rallying these few days. Sorry guys.
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Chill man.

DCA is still a go

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AthrunIJ
post Aug 12 2022, 12:01 PM

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QUOTE(Boon3 @ Aug 12 2022, 11:57 AM)
ROFLMAO!

So rich hor...

Just buy, buy, buy....
sometimes I see shares like monopoly.. don't you?
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Not rich.

Just take a small portion of salary to dca.

Not like you la.

One trade already millionaire.

🤤
AthrunIJ
post Aug 12 2022, 12:30 PM

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QUOTE(Boon3 @ Aug 12 2022, 12:24 PM)
I wasn't rich either. I saved my money for many, many years before I made a trade.
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Well.

From here on out, I hope to us to get to where we want in life bro.

I understand that saving part to start anything that requires money.

God speed boon gor.

I did get some enlightenment from your cents and inflated cent post. Don't stop 🤤😭

This post has been edited by AthrunIJ: Aug 12 2022, 12:30 PM
AthrunIJ
post Aug 12 2022, 12:39 PM

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QUOTE(Boon3 @ Aug 12 2022, 12:34 PM)
There's plenty of money to be made in the market. Really.
It's not that difficult. Not at all.

Master your skills well and you too shall be well rewarded.

thumbup.gif
» Click to show Spoiler - click again to hide... «
[/SPOILER]
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For now dca to get that moolah first. Not enough capital and don't like to risk it.

Currently dcaing in etf so not too worried. Quality companies and a little not so good I think.

Later then can learn more when much stable in life. Just started senior role for that dough.

😛
AthrunIJ
post Aug 15 2022, 04:29 PM

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QUOTE(Lon3Rang3r00 @ Aug 15 2022, 10:56 AM)
I think what Boon3 saying is = Don't anyhow put in money to any stock without doing proper research and Don't come back crying if stocks go the opposite direction, because at the end of the day your money is your problem.
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That is pretty much it haha.

Some just got insulted to his wording.

Chill je. All here to learn.

AthrunIJ
post Aug 15 2022, 05:01 PM

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QUOTE(Boon3 @ Aug 15 2022, 04:58 PM)
LOL. That was plain straight up talk.

Well 2nd Auntie say better be insulted than buta buta lose money.
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Some people cannot take it straight to heart ma.

Boon gor need to learn some sweet talk insult skill.

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AthrunIJ
post Aug 15 2022, 05:13 PM

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QUOTE(Boon3 @ Aug 15 2022, 05:11 PM)
Stock forum la dei. This not tinder app issit?
DCA is the worst skill set to ever have cos it allows the user to be in self denial mode whenever they are wrong.qqqqqq

You can buy up but that's an extremely difficult skillset to develop and if done wrongly end results is even far more damaging.
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Need both for some people.

Denial hard to snap them back to reality until they first hand experience it de la usually.

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AthrunIJ
post Aug 16 2022, 12:12 PM

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QUOTE(Boon3 @ Aug 16 2022, 10:27 AM)
If one had to address the situation where one is offered the opportunity to buy the stock they hold at a cheaper price, one really needs to address the situation sensibly.
Cause in reality, what it is saying the stock one bought is losing money.

Questions that needed to be asked.

Was the buying wrong? (wrong stock? right stock, badly wrong price?)
Whatever the reason, it is simple...
one farked up.

which is why one is losing money....

in which averaging down (or using DCA as the cover-up) is required.......

but yeah...

everyone got plenty of reasons excuses....

for example... the drastic rise in inflation plus the Fed decision to increase rates drastically caused the stock to tank...

well... in one sense, it is true... cos that's what happened...

BUT.... why wasn't this part of the reason not to buy/sell the stock in the first place? Was this issue avoidable? If it was, then perhaps there was no reason to hold/buy the stock. Which then renders the need to do the suicide Averaging Down....

but then.... lol... past market trends did a major DAMAGE to proper reasoning... cos every market dip was bought aggressively previous couple of years.
Hey... forget not... that's the characteristic of a raging bull market.

but when market changes..... these dips easily turned into big deepers. (this never fails in the long run!)

so yeah... mindset gets corrupted... gets complacent... thinking every dip is a buy (ie DCA la or Averaging DOWN or TOPPING UP or BUYING more... laugh.gif )
p/s my 2 sen nia ..... (deflated views tongue.gif)
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Not me boon gor. I already know about your thinking.

To others

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AthrunIJ
post Aug 16 2022, 12:34 PM

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QUOTE(Boon3 @ Aug 16 2022, 12:25 PM)
tongue.gif

I know but I am just rambling...... LOL!
p/s .... if you look at say... TopGlove... have a look at the boss personal buying of TG shares....
well... he started buying for his personal account since Dec... (started at around 6.92)
and he has been buying constantly...
even until lately...

exactly like DCA no? Share falls, he keeps buying and buying... share falls more, he buys more...

result so far? last I recall, more than 200 million in losses.
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Well obviously he is not smart or behind the scenes ada something for him.

Covid is temporary. Tg share price expected to fall.

Never will touch tg. Almost wanted to touch tg when first started investing. After this fiasco, never again. I dont trust him.

😛🤭
AthrunIJ
post Aug 16 2022, 01:00 PM

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QUOTE(Boon3 @ Aug 16 2022, 12:40 PM)
but 2 things to learn from this....

1. Big shareholder buys, DOESN'T mean one must follow.... (why? your bolded part above.. hehe)

2. don't average down. tongue.gif
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Just personal understanding of him but don't quote me on that.

Don't have full view of what he saw.

Average down still OK geh. Just don't be like tg boss.

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AthrunIJ
post Aug 16 2022, 01:06 PM

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QUOTE(Boon3 @ Aug 16 2022, 01:03 PM)
LOL! Doesn't matter what he saw, does it? Price now 80 sen plus versus when he started topping up his shares at 6.90.

110% proof that AVERAGE DOWN does not work.  tongue.gif
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Part of this scenario then yes average down don't work.

Got other scenario can work geh.

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AthrunIJ
post Aug 16 2022, 01:22 PM

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QUOTE(Boon3 @ Aug 16 2022, 01:17 PM)
Oh yeah... that part worked when Wall Street went amok buying on all kind of dip. (Bull market mah... all also can fly! tongue.gif)

whistling.gif
but never mind la...

when one have average down kung fu, one is never wrong  flex.gif  devil.gif
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AthrunIJ
post Aug 22 2022, 07:52 PM

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QUOTE(Davidtcf @ Aug 22 2022, 05:29 PM)
Hohoho, buying time soon

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AthrunIJ
post Aug 25 2022, 02:36 PM

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QUOTE(Afterburner1.0 @ Aug 25 2022, 02:31 PM)
Coz all my other stocks are in Rakuten? dont wan to open so many diff platform.

Coz Not everyone into options.

Im just highlighting the disadvantages of us earning  MYR n investing stocks in US dollar.
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Why not. Transfer to USD and let the money do the work and earn back in USD.

Slow but doable. Investing is memang slow and boring lol.

Myself using IBKR and beli Irish domiciled etf for that 15% tax only instead of 30% tax and some sreit for some dividends.

So using MYR to generate SGD and USD. Seems like a good deal in the long run.

Still holding maybank stocks with local maybank broker haha. Something of like a emergency fund/dividend for MYR.

All good man. Plan ahead abit.

This post has been edited by AthrunIJ: Aug 25 2022, 02:44 PM
AthrunIJ
post Aug 27 2022, 07:42 PM

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QUOTE(james.6831 @ Aug 27 2022, 06:36 PM)
aih break even already and now back in red...god i hope we don't get to June lows...
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Please be lower.

Need to use maneh to buy things with discount

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AthrunIJ
post Aug 30 2022, 08:03 AM

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QUOTE(sp3d2 @ Aug 29 2022, 11:29 PM)
Bullish abandoned baby or bullish morning star formed on s&p500. It's a Major signal of incoming bull.

Could it be?
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Aish, I thought bear 99 soon.

O well
AthrunIJ
post Sep 8 2022, 11:30 AM

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QUOTE(ozak @ Sep 8 2022, 10:50 AM)
More and more expensive and not much differentiation form previous gen

Also inflation haha

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