Again you made the right move ! I should have jumped in too.

there's always tomorrow bro.

It's not too late, this isn't the share market

Yup, do it slow and steady

btw I am perplexed as to how most counters and indexes around the globe are red today mostly with Asian markets. what changed?

Who knows.. whatever it is, it won't matter much in ten or twenty years

This post has been edited by wodenus: Dec 5 2016, 06:11 PM

Asia is just as volatile compared to Europe and US.

Yeap you got that right but I'm just curious how global economy works when one branch can affect the other branch. Makes up for a good conversation starter with patients.

Yea well, I'm not a doctor lol. Stuff happens, but in the very long term it pretty much goes up. As for the how and why, so many things happen in so many ways in so many days, who's to know how and why. So many counters in the fund

If everything we look at it this way, then there is no need for us to build a portfolio. Just buy and forget. LOL.

Exactly.. think about it, look at the chart. Even if you bought just one fund.. you'd have to be really unlucky not to make money after ten years pick the usual suspects and run with them through good and bad.. there's no real need for a portfolio actually

Yeah but it helps to be knowledgeable in what goes around your and how it affects you right life even though you are half the world away. Just found out the Italian referendum did spook Asian markets which is bizarre.

Also it helps me have topics to talk to my aging father who is practically alone most of the time when I bring him out for dinner every night so I tell him what goes on around the world when I am in my office reading or researching.

So it doesn't hurt to know more even though it doesn't help knowing in 20 years down the road.

It doesn't help profitability is what I mean.. usually analysts look for possible reasons after the fact, so it becomes like a sic hoc kind of thing I could say for instance that Trump's promise to bring all production back to the US has spooked Asian markets, because they will lose a lot of profit if that happens

I think that's more plausible than the Italian referendum, but it doesn't matter what I think, or anyone thinks, what we think or say won't affect global markets

That's why we small fish have no power in this life of ours but I rather be a slightly bigger fish than the rest so when shit happens. I'm well prepared for it. Also through all this reading I roughly can gauge the next move or event and it does help me make decisions on how much to top up and next year I'll wade my feet into stocks which is my ultimate goal once I leave my portfolio alone after I complete building it.

I wish it is so simple.

Let me just show you this chart, even if you buy and forget, the end result is very different for different funds.

And i am not talking about small difference. I am talking about huge difference.



If you have a choice you want to buy which fund ?

(Not promoting KGF here. Just to illustrate the point that simply buy and forget is not the best option. )

This post has been edited by puchongite: Dec 5 2016, 06:45 PM

Well good luck to you then, I think news just gives us an illusion of control. I tried stocks but that didn't give me the breadth and depth of investments I needed.. plus it's hell dealing with multiple brokers and brokerages. Also you can't effectively mitigate many risks when you trade alone

This post has been edited by wodenus: Dec 5 2016, 06:46 PM

So if you bought all three? you wouldn't have done too badly. Of course in hindsight you can say that, but then how would you know what would be good and bad? so you diversify as much as you can. Eventually good or bad, the results should be quite acceptable (unless you can forecast the future )

It's obviously not the best, but do you know what the best will be ten or twenty years from now? if not your only option is to diversify and try to do pretty good with whatever info you have.

Let's look at the chart again. It seems like your worst options made over 12% a year that's not a bad result and pretty much proves my point it's not "the best" but you see what I mean, randomly pick one fund and you end up making 12% a year

This post has been edited by wodenus: Dec 5 2016, 07:10 PM

I share the same thought as you. UT is the beginning, will eventually go into share market when I am ready.

That's what the forum header say "UT DIY, Babystep to Investing"

Hope I did not interpret it wrongly. Haha

you got that right. I see investing like the belt system in tae Kwon do as you rank up the belt by learning each technique and the higher you go the more understanding you have on your capabilites and reflect what your strengths and weaknesses are.

I made a few mistakes in building my portfolio back in early 2016 and from there I know not to repeat them. Better I make this mistake here in UT and not in stocks.

The only mistakes you can make in UT are not managing risk well, not holding for the long term, and selecting one of the few UTs that deal in speculative investments

This post has been edited by wodenus: Dec 5 2016, 07:12 PM