i sense some tragic backstory behind this. maybe boon gor's close friend kena sweet talked by some UT salesman to DCA end up lose big and cannot FIRE (retire early)
Nice shot! Sorry to break your heart but I have never bought any UT before.
that's not what i said, i don't mean you. but someone whom you know
QUOTE(RayleighH @ Jun 24 2022, 12:35 PM)
So basically the conclusion of these discussion is buy only once in a company stock with solid foundation. Whether it is one company, a hundred companies or a thousand companies, up to you. Put the rest of your money.
that's the boon gor that i know. for the other trades, just trade in your own "buku 555"
This post has been edited by Medufsaid: Jun 24 2022, 03:06 PM
Fuh, finally I think BoonGor answered my question (alternative to DCA), albeit indirectly.
Not easy to drag this answer out of him. Well done sgh
erm, Boon's stand has been disclosed before in the main Stock Market Discussion thread
esp this. just search rot in that thread
QUOTE
let my money rot.. Letting it rot in a tough, difficult market is way, way, way better than making a bad trade just cause of scared of letting the money rot.
This post has been edited by Medufsaid: Jun 30 2022, 11:42 AM
Just wondering, what limits you from getting more platforms, in fact just 1 more.
It's just like you will get different credit cards to enjoy different rewards.
more platforms can be harder to keep track... you may never know if some broker platforms decide to adhoc fees like "inactivity fees" (yes i know ibkr abolished theirs so it's even unlikely that a platform will suddenly impose one)
e.g., i used to have multiple credit cards since annual fees are FOC. then suddenly govt impose RM25 annual tax. if i wasn't paying attention, i wouldn't have closed off those non-essential CC accounts just in time and will just fly away
stock market always like to predict 6 months into the future. so it's always wrong and can collapse. goes both ways, hence u have the 2020 covid flash crash