Clearing stocks before the coming crash, what have I missed out in the analysis?
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 Aug 23 2018, 10:24 AM
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#1
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Senior Member
9,336 posts Joined: May 2009 
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I'm not sure of a crash, but I exited some time back in preparation just in case.
Timing my side was better cause I took the money and dumped it into principal repayment of my upcoming house. Ofcourse I still hold onto a much smaller portfolio... maybe about 10% in some overseas bluechips or selected stocks. SO I kinda pare down my exposure by 90%... |
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Aug 23 2018, 10:40 AM
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#2
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Senior Member
9,336 posts Joined: May 2009
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QUOTE(plumberly @ Aug 23 2018, 10:29 AM) I see. You run faster than me. Ha. No issue, i dont have big amounts overseas. The transfer of money back into Msia was trouble and tax free? Thanks.  Although it used to be much easier for singapore as you can easily put RM300,000 of cash into a men's wallet and walk in from SIngapore? Gotta love their 10k bill Anyway, it also depends if you have a place to put the money when you cash out, FD might not be the best option. In a real crash, even banks might go down...  |
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Aug 23 2018, 11:22 AM
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#3
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9,336 posts Joined: May 2009
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QUOTE(Luke Skywanker @ Aug 23 2018, 10:59 AM) so, what crash? Going by the 1997/98 and 2008/09 experience... its global and when it hits there is hardly "safe haven" stocks that wont be affected..in specific industries? the entire market as a whole? |
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Aug 23 2018, 11:23 AM
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#4
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QUOTE(plumberly @ Aug 23 2018, 11:12 AM) More like a scared rookie investor lah. Ha. its all about our individual risk appetite..I prefer to earn less then lose money. |
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