Many of those bought multiple units through loan compression to flip are subprime. Given current housing stocks is about 25% overpriced from long term trend, foreclosure is expected to rise in next few years.

After reading the NST's foreclosure article, I asked and feedback from a private bank staff is the bank already saw a drop in their profit LAST year due to this loan foreclosure.

It has already started. Getting better, getting worse, no one knows.

In my town, there are so many new business buildings under construction. One thing I still cannot understand is, why build here, build there while there are already so many unoccupied shops. My guess is 40-50% of the shops here are unoccupied. Maybe they have to start the construction as otherwise they will lose the land titles tendered from the local council due to the construction by-date clause.

Really pity those with completed shops but no tenants. Paying bank interest for the loan (eg RM5000 per month for RM1 million loan, RM10,000 per month for RM2 million etc).

Similar too many new business unoccupied buildings in your area?

Cleared > 90% of my shares.

Yes, 6 months now after selling and still no recession. Ha. Waiting, waiting ......

No one can predict the recession date. But I feel better getting out early as not to see a ~ 50% drop in my share assets when the recession hits.

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch

I think this applies if you are not going to retire soon. Since TS started this thread , if you continued DCA during the high volatility, would have made lots of money as we have reached a few ATH since TS started this thread

was thinking if sell all my shares, dunno money put where wor

From planning, approval to launching, construction and completion takes a few years. many developers rush in during 2011-2014 property bull run, hence, many projects are under construction. property overhang is still widening. until property overhang is reduced substantially, property is continue on downtrend.

There is always two sides to a coin/transaction.

bull run is amplified by herd sentiment. social psychology is likely to give more accurate outcome than data crunching.

I don't think he would hv made loads of money, if he stayed n DCA Not in Malaysian stock market now anyway. YTD KLCI is flat. So chances are he would lose some dividends. N if he DCA using mutual funds, he might be underwater due to the fees.

Of course we don't know wht next 6 month brings. But I think Malaysia stock market nowadays need to be nimble, in and out. Not blindly DCA.

This post has been edited by Cubalagi: Jun 24 2019, 11:26 AM

I too stay away from KLCI and only currently holding a few local stocks.

Our TS is quite knowledgable and has foreign investments, even I am a not seasoned investor ,but by constantly buying SP500 or AAXJ will make you good money.

My simple StashAway portfolio is +15% and I started it last November IINM, and top up every week .

I think you are lucky coz Dec was the bottom of the correction, n now both market are at record highs.

But I also think tht those markets can easily fall 50% or more in a recession.KLCI, not so much, coz we already suck.. 😆

So I hope that Stashaway algo is fast enough if tht happens.. I tried to open a Stashaway account but I wasn't approved coz I hv more than 1 property loans..

Wa, 50% , I too am looking forward for the recession if it comes, looking to buy some good dividend yielding stocks !

But I have added money in when the markets were at previous ATH as well though, so it all works out for now as SP500 just reached another ATH last week.

Let’s see how the G20 meeting this week goes

Will u hv money at tht point in time tho.. 😂

Buying at top is ok for the US market. Life is not fair, they hv wacko President n their market still go up n up 😆 U try that (buy at tops) in Malaysia, Singapore n HK (China) markets.. U cry.

N even for US, will it continue forever? . the day of reckoning will come one day.. In 2008 SnP fell by more than 60% iirc.

This post has been edited by Cubalagi: Jun 24 2019, 12:58 PM

Sorry

S&P fell 56.4% in the last US recession

http://www.nbcnews.com/id/37740145/from/37740147/

Yes, I believe I will hehe, yes it will come one day! Don't dump everything inside, stay disciplined and within comfort level.

So you sold everything and holding on cash now ?

Nope...not all in cash.

My investment portfolio is roughly about 30% dividend stocks in My n SG n another 10% HK/China.. The rest in cash, bonds n gold.

60% stocks and 40% cash now hmm...

3 months back my stock made up 30% only.

G20.. Trump meting Xi tomorrow...😅

Six months into 2019, the S&P 500 has returned 17%, marking the best first half in more than two decades. Europe’s benchmark has matched the feat. U.S. investment grade corporate bonds are having their strongest year ever.

On Christmas Eve, the S&P 500 was seven points from a bear market, and a stream of Wall Street prognosticators shuffled forth to pronounce the last rites. Since then, the gauge hit a record twice.

“Investors had very low conviction at the start of this year, but those who were brave enough to once again get into risk assets reaped rewards,” said Wouter Sturkenboom, chief investment strategist for EMEA & APAC at Northern Trust Asset Management. “It’s a good lesson for investors not to stay scared for too long.”


https://www.bloomberg.com/news/articles/201...srnd=markets-vp


Good news from today's meeting as well

This post has been edited by Krv23490: Jun 29 2019, 05:04 PM

Disaster averted! For the time being at least.

Monday morning buy HSI Calls.

https://www.bloomberg.com/news/articles/201...ket-slump-ahead

Looks like DT will do his best to avoid a recession if he wants to win in the 2020 election. If he can achieve that, then delay till 2021 for the grand fishing.